Quants without phds?

[crazy canuck]

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so you agree with me? great.

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Over the short term yes. Over the long term no...like I said there other factors besides PhD-s that are not helping. But long term shouldn't really matter to someone getting into a program now.

And just because someone can't be a quant after a masters, does not mean a masters will be worhless. There are still a lot of lucrative finance jobs besides quant (trading, risk management, portfolio management etc).

So saying that masters is worthles because someone can't be a quant after, would be like saying that doing an MBA is worthless because you can't be a manager right after completing it.