That makes sense, thanks for the extra colour on PhDs.
Whereas I have more trouble picturing how a few years at a quant firm is helpful in switching to a different field, apart from the cash buffer.
I’ve heard variants on this a few times, so you aren’t alone. To give some extra colour on what I think you’re gaining from working at quant firms: Most of these firms still have a very start-up-like culture. That means that you get significant personal responsibility and significant personal choice about what you work on, within a generally supportive culture. In general this is valuable, but it means there isn’t one universal answer to this question. Still, some candidate skills I think you’ll get the opportunity to develop should you so choose.
(This list is illustrative based on my own experience, rather than exhaustive. Some of the above will apply to the PhD as well, it’s not intended as a comparison)
That makes sense, thanks for the extra colour on PhDs.
I’ve heard variants on this a few times, so you aren’t alone. To give some extra colour on what I think you’re gaining from working at quant firms: Most of these firms still have a very start-up-like culture. That means that you get significant personal responsibility and significant personal choice about what you work on, within a generally supportive culture. In general this is valuable, but it means there isn’t one universal answer to this question. Still, some candidate skills I think you’ll get the opportunity to develop should you so choose.
Project management
People management
Hiring
Judgement (in the narrow 80k sense of the term)
(This list is illustrative based on my own experience, rather than exhaustive. Some of the above will apply to the PhD as well, it’s not intended as a comparison)