Quant-Developers-Resources

Quant Roles

Quant Analyst Quant Researcher Quant Trader Quant Developer Algorithmic Trader Quant Strategist Quant Risk Analyst Quant Modeler Fixed Income Desk Quant Quant Finance Analyst

🔥Hiring Process

• 1. Mental Math/Speed Math/Logic/Numerical Tests
• 2. BrainTeasers and Puzzles
• 3. Probability and Statistics
• 4. Market Making/Betting & Trading Games
• 5. Pattern Finding and Logic
• 6. Technical Rounds
• 7. Behavioral/Role Fit Rounds

🚀 Most Important Topics for Quant Interviews

1. Probability and Statistics
2. Derivatives
3. Option Pricing Models
4. Greeks (Delta, Gamma, Rho, Theta, Vega)
5. Fixed Income Product
6. Stochastic Calculus
7. Machine Learning and Data Science
8. Econometrics
9. Risk-Neutral Valuation
10. Interest Rate Models
11. Volatility
12. Numerical Methods
13. Arbitrage Pricing Theory and No-Arbitrage Principle
14. Credit Derivatives
15. Regulatory Framework
16. Portfolio Management and Hedging Strategies
17. Exotic Options
18. Market Microstructure
19. Real-World Applications and Recent Trends
20. Portfolio Theory and Optimization
21. Algo Trading

🧰 Mathematics & Other Topics

• Linear Algebra & Calculus

• Permutations & Combinations

• Probability & Statistics

• Optimization

• Differential Equations

• Ordinary Differential Equations (ODEs)

• Partial Differential Equations (PDEs)

• Taylor Series Approximation

• Applied Stochastic Calculus

• Ito's Lemma

• Martingales

• Brownian Motion

• Stochastic Differential Equations

• Stochastic Integrals

• Laws of Motion for Asset Pricing

• Limit Theorems

  • Law of Large Numbers
  • Central Limit Theorem
  • Weak Law of Large Numbers

• Time Value of Money

• Asset Classes

  • Fixed Income
  • Equity
  • Derivatives
  • Commodity

• Options Pricing Models

  • Black-Scholes-Merten Model for European Options
  • GreeksA(Alpha, Gramma, Theta, Delta, Vega, Rho)
  • Exotic Options and Pricing Methods

• Portfolio Optimization

• Arbitrage Theory

• Risk Management

  • Value at Risk (VaR)
  • Conditional Value at Risk(CVaR)
  • Expected shortfall
  • Risk Measures
  • Portfolio Risk Assessment

• Financial Theories and Models

• Randomized Algorithms

• Volatility Modeling

• Mathematical Puzzles

• Logical Reasoning

• Statistical Languages

• Programming Languages

  • Python
  • C++
  • R
  • MATLAB
  • SAS

• Best Practices in Programming

• Data Science and Machine Learning

  • Regression Analysis Ordinary Least Squares (OLS)
  • Logistic Regression
  • Generalized Linear Models
  • Time Series Analysis
    • Basics of Time Series and Stochastics Processes
    • AR & MA models
    • Stationarity & Ergodicity
    • Autocorrelation & Partial Autocorrelation functions
    • GARCH, ARCH & EWMA models for Volatility forecasting
  • Monte Carlo Methods
    • Monte Carlo Simulation for pricing and risk assessment
    • Variance Reduction techniques(eg., control variates, antithetic variates)
  • Markov Chains
    • Transition Matrices and Markov Property
    • State Space, absorbing states and recurrent states
    • Steady-State and long-term behavior of Markov Chains
  • Nonparametric Methods
  • Data Cleaning and Processing
  • Data Exploration
  • Exploratory Data Analysis(EDA)
  • Supervised Learning and Unsupervised Learning
  • Advanced Machine Learning Techniques
  • Neural Networks
  • Gradient Boosting

🤟Best Lectures on Stochastic Calculus 🎯🎯

1. MIT Financial Mathematics --> Link
2. IIT Kanpur --> Link
3. School of Economics (Stochastic Calculus) --> Link
4. MIT (Discrete Stochastic Process) --> Link
5. Probability Systems Analysis and Applied Probability --> Link

👍 Websites

• https://www.cut-the-knot.org
• https://brainstellar.com
• https://qfeuniversity.com/topics/

📚 Top Books for Acing a Quantitative Analyst Interview

• Heard on The Street: Quantitative Questions from Wall Street Job Interviews
• Frequently Asked Questions in Quantitative Finance
• Quant Job Interview Questions And Answers
• A Practical Guide To Quantitative Finance Interviews
• Starting Your Career as a Wall Street Quant: A Practical, No-BS Guide to Getting a Job in Quantitative Finance
• Mathematical Statistics and Data Analysis - Mathematical Statistics
• Financial Risk Management and Financial Institutions - Financial Risk Management
• Options, Futures and Other Derivatives - Options & Derivatives
• Bond Markets, Analysis and Strategies - Fixed Income Products
• Monte Carlo Methods in Financial Engineering - Monte Carlo Methods
• Stochastic Calculus for Finance II - Stochastic Calculus for Finance

📚Books for Technical Rounds

• Heard on the Street by Timothy Falcon Crack
• Fifty Challenging Problems in Probability With Solutions by Frederick Mosteller
• Entertaining Mathematical Puzzles by Martin Gardner
• Mathematical Puzzles: A Connoisseur’s Collection by Peter Winkler
• A Practical Guide To Quantitative Finance Interviews by Xinfeng Zhou

📖Most Important Books for Quant Developers and Software Engineers

Sr. No.	Book	Link
01.	Effective Modern C++
02.	C++ High Performance 2nd edition
03.	The Linux Programming Interface
04.	Introduction to Probability and Statistics for Engineers and Scientists
05.	A Practical Guide To Quantitative Finance Interviews
06.	Fifty Challenging Problems in Probability
07.	C++ Concurrency in Action
08.	But how do it know? - J. Clark Scott
09.	Design Patterns: Elements of Reusable Object-Oriented Software - Erich Gamma
10.	C++ Best practices - Jason Turner
11.	C++ 17 in detail - B. Filipek

📚Books for Quant Traders

1. Option Volatility and Pricing by Sheldon Natenberg
2. Dynamic Hedging
3. Frequently Asked Questions in Quantitative Finance, Second Edition by Paul Wilmott
4. Python for Data Analysis
5. Python for Finance by Yves Hilpisch
6. Introduction to Linear Algebra by Gilbert Strang
7. Advances in Portfolio Management by Grinold and Kahn
8. Technical Analysis is Mostly Bullshit
9. Harris - Trading and Exchanges
10. Sinclair - Volatility Trading
11. Hull - Options, Futures, and Other Derivatives

🔥These 10 Youtube playlists will teach you more than a $200,000 Masters Degree

Sr. No.	Playlist	Link
1)	Quantitative Stock Price Analysis with Python, pandas, NumPy Matplotlib & SciPy	https://lnkd.in/gNWDheqp
2)	Yves Hilpisch - Python for Quant Finance	https://lnkd.in/gmfaRTz9
3)	A Quant Finance Project in Python: Estimating a Risk Factor Model for a Stock with Live Data	https://lnkd.in/gNxGHeJq
4)	Stock Price Prediction Using Python & Machine Learning	https://lnkd.in/gEXi2Wfs
5)	How to Code a Trading Bot in Python - Beginners Guide	https://lnkd.in/gQwKhswK
6)	Algorithmic Trading Python 2023	https://lnkd.in/gNpUEMZr
7)	Algorithmic Trading Using Python - Full Course	https://lnkd.in/gWxTii4g
8)	Introduction to Algorithmic Trading Using Python - How to Create & Test Trading Algorithm	https://lnkd.in/g5hYN6Ta
9)	Two Sigma Presents: Machine Learning Models of Financial Data	https://lnkd.in/g6QBhtxx
10)	How quant trading strategies are developed and tested w/ Ernie Chan	https://lnkd.in/gBxKxnFn
11)	IIT Kanpur Quant Finance course by Professor Raghu Nandan	https://lnkd.in/dHewAfYc
12)	IIT Bombay, Stochastic Process course by Prof. Manjesh Hanawal	https://lnkd.in/gRq6f-NJ
13)	MIT Financial Mathematics course	https://lnkd.in/gwmmyWrz
14)	Yale Univerity Quantitative Finance course	https://lnkd.in/gqGXFGeZ
15)	Mathematical Methods for Quantitative Finance	https://lnkd.in/gPTRQMdc
16)	IIT Guwahati - Mathematical Finance	https://lnkd.in/gHwrzhEa
17)	Introduction to computer science and programming in Python	https://lnkd.in/gFX4XZPp
18)	Computational Finance by Leipzig University	https://lnkd.in/gHMkr8Ue
19)	IIT Kanpur Probability and Stochastics for Finance - by Professor Joydeep Dutta	https://lnkd.in/ggDJkVgE
20)	Harvard Applied Mathematics	https://lnkd.in/gzrYZ7Ne
21)	Harvard CS50 – Full Computer Science University Course	https://lnkd.in/gK9qVMQX (If you don't have a coding background)

📚Books for FPGA(Field Programmable Gate Array)

Sr. No.	Book	Link
01.	High-Performance FPGA-Based Accelerators for Financial Applications
02.	FPGA Prototyping by VHDL Examples
03.	FPGA-Based Implementation of Signal Processing Systems

🎆 Companies that Hire Quant Developers and Software Engineers in India along with CTC and Location

Sr. No.	Company	CTC	Location	website
01.	Quadeye			https://www.quadeye.com/
02.	Graviton Trading			https://www.gravitontrading.com/
03.	AlphaGrep			https://www.alpha-grep.com/
04.	WorldQuant			https://www.worldquant.com/home/
05.	Tower Research Capital			https://www.tower-research.com/
06.	NK Securities Research			https://www.nksecurities.com
07.	Quadeye
08.	Futures First
09.	Open Futures
10.	SMC Global
11.	Open Markets
12.	MyFinDoc
13.	Algo Bulls
14.	Tvisi Algo Systems
15.	AlgoJi
16.	Dolat Group
17.	Estee Advisors
18.	Goldman Sachs
19.	Morgan Stanley
20.	IRage Capital
21.	APT Portfolios
22.	Two Roads Tech
23.	Acceletrade
24.	Edelweiss
25.	Qnance
26.	QuantAI Capital
27.	Samsara Capital
28.	Wallsoft
29.	Square point Capital
30.	Jump Trading
31.	Callisto Talent Solutions
32.	Allegis Global Solutions
33.	Tensorfox
34.	Fionics
35.	HuntingCube Recruitment Solutions
36.	Tiger Analytics
37.	AlgoCapital Group

List of Firms that Hires Undergraduates for Quant Trading and Quant Research Roles

Sr. No.	Company	CTC	Location	website
01.	➡ Akuna Capital
02.	➡ AlphaGrep
03.	➡ AQR Capital
04.	➡ Belvedere Trading
05.	➡ Bridgewater Associates
06.	➡ Citadel / Citadel Securities
07.	➡ Cubist Systems (Point72)
08.	➡ DE Shaw
09.	➡ DRW
10.	➡ Five Rings Capital
11.	➡ Flow Trading
12.	➡ Gravtion Research Capital
13.	➡ Hudson River Trading
14.	➡ IMC
15.	➡ Jane Street Capital
16.	➡ Jump Trading
17.	➡ NK Securities
18.	➡ Optiver
19.	➡ Quadeye
20.	➡ Quantbox Research
21.	➡ Susquehanna International Group (SIG)
22.	➡ Tower Research Capital
23.	➡ Two Sigma
24.	➡ Voleon
25.	➡ Voloridge
26.	➡ WorldQuant
27.	➡ Aquatic Capital
28.	➡ Chicago Trading Company
29.	➡ Cutler Group
30.	➡ Group One Trading
31.	➡ Old Mission Capital
32.	➡ Peak6
33.	➡ Plutus Research
34.	➡ Valkyrie Trading
35.	➡ Vatic Labs
36.	➡ Virtu Financial
37.	➡ Wolverine Trading
38.	➡ XR Trading
39.	➡ Headlands Technologies
40.	➡ TransMarket Group
41.	➡ 3Red Partners
42.	➡ Allston Trading
43.	➡ Ansatz Capital
44.	➡ ART Advisors
45.	➡ Blackedge Capital
46.	➡ Bluefin Companies
47.	➡ Cognitive Capital
48.	➡ Da Vinci Derivatives
49.	➡ Domeyard
50.	➡ DV Trading
51.	➡ G-Research
52.	➡ Gelber Group
53.	➡ Geneva Trading
54.	➡ Liquid Capital Group
55.	➡ Mako Trading
56.	➡ Maven Securities
57.	➡ Maverick Derivatives
58.	➡ Millenium Advisors
59.	➡ Nine Mile Financial
60.	➡ PDT Partners
61.	➡ Quadrature Capital
62.	➡ Quantlab
63.	➡ Qube Research & Technologies

🔥List of 20 Fellowships, Graduate programs, and insight weeks, that can help you crack Jobs at Top Hedge Funds, HFT, and Prop Shops

The best time to crack top Quant Jobs is during your undergraduate years, or when pursuing MFE or a master's in a related subject.

Sr. No.	Fellowship/Program	Link	Year
1)	CITADEL -Trading Invitational	https://lnkd.in/gK-rTYPZ	2024
2)	D. E. Shaw & Co. Discovery Fellowship	https://lnkd.in/erRew2J
3)	D. E. Shaw & Co. Latitude Fellowship
4)	D. E. Shaw & Co. Momentum Fellowship
5)	D. E. Shaw & Co. Nexus Fellowship
6)	Bridgewater Rising Fellows Program
7)	Bridgewater Investment Immersion Program
8)	Akuna Capital University (Options 101, 201)
9)	AQR Early Engagement Day
10)	AQR Quanta Academy
11)	Jane Street Graduate Research Fellowship
12)	Jane Street IN FOCUS
13)	Jane Street INSIGHT
14)	Jane Street JSIP
15)	Jane Street Visiting Researcher / Prefaculty
16)	Susquehanna International Group Sophomore Discovery Day – Trading
17)	Two Sigma College Mentor Connect
18)	Two Sigma PhD Fellowship
19)	Two Sigma Undergraduate Scholarship
20)	WorldQuant BRAIN

🔥 If you are applying for Quant and Risk positions, do check out this list.

There are various positions that you can continuously monitor. Common positions are quant analyst, risk analyst, model validation, quant developer, quant researcher, statistician etc., 😁😁

1. JPMorgan Chase & Co.
2. Bank of America Corp.
3. Wells Fargo & Co.
4. Citigroup Inc.
5. Goldman Sachs Group Inc.
6. Morgan Stanley
7. U.S. Bancorp
8. Truist Financial Corporation
9. PNC Financial Services Group Inc.
10. TD Bank, N.A.
11. Charles Schwab Corporation
12. Bank of New York Mellon Corporation
13. Capital One Financial Corporation
14. State Street Corporation
15. HSBC North America Holdings Inc.
16. American Express Company
17. Ally Financial Inc.
18. Citizens Financial Group, Inc.
19. BMO Financial Corp.
20. Fifth Third Bancorp
21. Northern Trust Corporation
22. KeyCorp
23. Regions Financial Corporation
24. Huntington Bancshares Incorporated
25. M&T Bank Corporation
26. Discover Financial Services
27. Synchrony Financial
28. BBVA USA
29. MUFG Americas Holdings Corporation
30. Santander Holdings USA, Inc.
31. Comerica Incorporated
32. E*TRADE Financial Corporation
33. Barclays US LLC
34. CIBC Bank USA
35. BNP Paribas USA, Inc.
36. Credit Suisse Holdings (USA), Inc.
37. Deutsche Bank Trust Corporation
38. UBS Americas Holding LLC
39. RBC US Group Holdings, LLC
40. Citizens Bank, N.A.
41. BOK Financial Corporation
42. Popular, Inc.
43. Valley National Bancorp
44. Zions Bancorporation, N.A.
45. First Horizon National Corporation
46. Synovus Financial Corp.
47. TIAA, FSB
48. John Deere Capital Corporation
49. Associated Banc-Corp
50. Western Alliance Bancorporation
51. Wintrust Financial Corporation
52. Pinnacle Financial Partners Inc.
53. UMB Financial Corporation
54. Raymond James Financial, Inc.
55. Sterling Bancorp
56. First Citizens BancShares, Inc.
57. BankUnited, Inc.
58. Prosperity Bancshares, Inc.
59. Texas Capital Bancshares, Inc.
60. PacWest Bancorp
61. New York Community Bancorp, Inc.
62. Commerce Bancshares, Inc.
63. Frost Bank
64. Stifel Financial Corp.
65. Old National Bancorp
66. First National of Nebraska, Inc.
67. F.N.B. Corporation
68. First Republic Bank
69. Signature Bank
70. American National Insurance Company
71. Silicon Valley Bank
72. First Hawaiian Bank
73. Webster Financial Corporation
74. East West Bancorp, Inc.
75. Cullen/Frost Bankers, Inc.

This list includes a mix of commercial banks, investment banks, and financial services companies with significant banking operations.