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- 12/30/16
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Recently came across this article:
Data Scientists Making Millions Vie With Fund Managers Over Pay
Does anyone have any insight on working as a data service vendor (selling data to hedge funds) or working in a hedge fund within data services (working with vendors on purchasing data)? What are the benefits and differences between the two? What is life like compared to your typical quant research role? And what would recruitment be like for this role and how would you be sure not to be pidgeonholed into a more operational role? Seems like it is the smaller, systematic funds are recognizing data services more crucially than large quant arms of many asset managers (in terms of pay)
I'm pretty surprised at the sizable bonus these people can get (referring to the article). It also seems much more stable career- good upside if your firm does well and can attribute it to the data you provided the researchers, and less downside since I wouldn't think a fund would directly attribute poor market performance to your work.
Data Scientists Making Millions Vie With Fund Managers Over Pay
Does anyone have any insight on working as a data service vendor (selling data to hedge funds) or working in a hedge fund within data services (working with vendors on purchasing data)? What are the benefits and differences between the two? What is life like compared to your typical quant research role? And what would recruitment be like for this role and how would you be sure not to be pidgeonholed into a more operational role? Seems like it is the smaller, systematic funds are recognizing data services more crucially than large quant arms of many asset managers (in terms of pay)
I'm pretty surprised at the sizable bonus these people can get (referring to the article). It also seems much more stable career- good upside if your firm does well and can attribute it to the data you provided the researchers, and less downside since I wouldn't think a fund would directly attribute poor market performance to your work.