According to Professor Robert Lipachuk, Head of the Quantitative Finance Department at the Faculty of Economics at the University of Warsaw, in an interview with Forbes: Quantitative finance is a rapidly growing field in which professionals are highly regarded.
Quanci are individuals who manage assets using algorithmic or systematic investment strategies. Their responsibilities include creating and using advanced algorithms based on quantitative models.
On the other hand, Data Scientists deal with analyzing large datasets and building models on them in organizations from different industries. They also use quantitative methods in their work.
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How much can you earn in the US and Poland?
After graduating from top US programs in quantitative finance or financial engineering, graduates can expect to earn between $150,000 and $200,000. slot. annually. Quantitative analysts in New York make about $500,000 annually. slot. per year and more.
In Europe, the rates are lower, but after the best programs, students can count on earnings of 100,000 to 150,000. slot. annually. Students in Poland will earn less, but can apply for jobs in the United States. An internship in London or New York increases the chances of getting such a job.
First job in Poland
Previously, it used to happen that students did not start working until after completing their master’s studies. But now more and more third-year students are entering this profession.
Graduates can count on good earnings, even on their first job. In the first year of work, they can earn about 6,000 zlotys. And in the following years, with their experience, their profits increase. Some graduates are able to earn up to 20,000 PLN net.
Universities in Poland
Robert Lipachuk notes two English-language fields of second-cycle studies at the Faculty of Economics at the University of Warsaw, Which is worth studying in Poland. They are: quantitative finance, data science, and business analytics.
Machine learning has also been performed at the Faculty of Mathematics at the University of Warsaw for several years. which will soon teach its first graduates. And at the Warsaw University of Technology and the Wroclaw University of Technology, you can also study data analysis, which is very popular. All of these majors provide a solid preparation for mathematics, statistics, econometrics, and modeling.
What features do you need to get?
Robert Lipachuk points out that precision and accuracy are key skills for people working in quantitative finance and data analysis. In this profession, even a minor mistake can have serious consequences. In addition to technical skills, soft skills are also important. Like teamwork and the ability to get along with people.
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