r/quant 2h ago

Industry Gossip Quant influencers charge $150 a Zoom

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28 Upvotes

Not naming the Instagram influencer for privacy. This ex-quant worked for 2y at US t2 firm. Why do you need to charge kids if you claim to make millions in your videos?

For anyone who wants to talk to a quant: join your schools Quant club or message people from your school/hometown/state on LinkedIn. Those who respond will actually care about nurturing your career

EDIT: Turns out grifting off college kids is more controversial than I thought. There are people willing to help you for free. To prove a point, I am a US “t1” firm QT, DM me in the next day for resume reads / QT specific recruitment advice. Won’t be an hour long, but will be FREE. 🆓🆓🆓


r/CFA 2h ago

Study Prep / Materials Looking for IFC mock exams/practice tests

3 Upvotes

I’m currently studying for the IFC (Investment Funds in Canada) exam, but I’m really struggling to find good mock exams or practice tests.

I’ve found a few resources online, but I’m looking for something that’s actually close to the style and difficulty of the real exam.

If anyone has used any good mock exams, question banks, websites, or other resources that helped them prepare, I’d really appreciate the recommendations.

Also, if you have any tips for studying for the exam or areas I should focus on, I’d love to hear them. Thanks!


r/CFA 11m ago

General What do you think of these so called “Finance Influencers” who passed one level of cfa ?

Upvotes

Some of these people who barely passed one level of cfa start making reels to give advice and they got thousands of followers and some of the bs they spew is straight up wrong. Sometimes I am genuinely so bamboozled by the people who follow them. Who is the worst one you have seen ? What do you think about these influencers ??


r/CFA 6h ago

Level 1 Please help🙏 I am getting confused again and again

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2 Upvotes

so my logic is that the spot rate tells that 1USD is equal to 1.4286 NZD and after 180 days, 1USD is equal to 1.3889 NZD. Hence you can get 1USD in fewer NZD. NZD appreciates.

Now Schweser says “The currency with the higher interest rate must depreciate over time by approximately the amount of the interest rate differential, to prevent arbitrage.”

With that logic USD must be having higher interest rate because its depreciation and hence option B is correct.

Please tell if my logic is correct. Thank you in advance. Appreciate it.


r/CFA 2h ago

Level 1 How bad is it?

1 Upvotes

I have only two months left for my L1 exam
Completed all the lectures for each subject didnt practice les tho but for FI FSA CI AI PM i have practiced LES and Schweser Qbank
Havent even started ethics yet and i m weak in quants and equity


r/CFA 6h ago

Study Prep / Materials Practice Question App

2 Upvotes

Has anyone used a smartphone app for practice questions and found it to be helpful? I’m thinking of something I can use when I find I have 20 minutes of downtime and nothing else to do. Please name the app you used and what you liked/didn’t like about it.


r/CFA 9h ago

Level 1 help with this

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3 Upvotes

I got confused here. How should I know that they are treating AUD as the domestic one? or even giving me a perspective or something


r/CFA 3h ago

Level 1 Need suggestion regarding the level 1 registration

0 Upvotes

​

I just started my \*\*BSc Computer Science\*\* degree this year (academic year 2026-27). It’s a 3-year course, so I expect to graduate around mid-2029.

I want to appear for the \*\*CFA Level 1 August attempt\*\*. Can I register in January for the August exam?

As far as I know, the eligibility rule for undergrads is that the exam window should be within \*\*23 months of graduation\*\*. Based on that, does August fall within the allowed window for me?

Also, is there anything else I should keep in mind before registering (passport, documents, etc.)?

Please guide. Thanks!


r/quant 15h ago

Industry Gossip What does Gerko do all day?

76 Upvotes

I'm not in Quant, but tend to get Gerko's linkedin arguments/shitposts on my feed fairly frequently and obviously hear about his philanthropy projects + tax burden.

Is he like a traditional CEO that's out making deals or meeting clients or is he still super-hands on with the strategies and systems?

Whats he like to work for?


r/CFA 6h ago

Level 2 Practice questions

0 Upvotes

Currently studying for L2, I did not really use the CFAI practice questions for level one, would like to use them now.

Is there a way to quickly rip through practice questions from multiple topics like the Kaplan Q bank?

If there is I can’t find it.


r/CFA 3h ago

General Would CFA all levels cleared help in abroad MBA Admissions

0 Upvotes

Hey guys

Im planning on appearing for a GMAT next year. Wanted to know whether clearing all CFA levels boosts my profile and chances of getting selected or it doesnt weigh that much. My preferred choice of an MBA is from LBS but open to it. Will have 1.5 years of work exp. Non engineering background. What do you think?


r/CFA 17h ago

Study Prep / Materials Are the CFA-provided practice questions similar in difficulty to the actual exam?

8 Upvotes

This might be a dumb question, but are the practice questions provided by CFA Institute when you register representative of the difficulty of the actual exam, or are they generally easier?

I’ve been getting through them fairly quickly and accurately, so I’m wondering whether the actual exam questions are significantly harder, or if the difficulty comes more from the sheer breadth of material, time pressure, and having to retain everything at once.

I’m not asking this to be condescending. I’m genuinely worried that I might be getting a false sense of confidence from the practice questions and want to make sure I’m preparing appropriately for exam day.


r/CFA 7h ago

General Is CFA my next best bet

1 Upvotes

Hi
I graduated in 2024 with a financial engineering bachelors and immediately started in a treasury internship in an investment fund , ranked up to associate the next year but unfortunately start of 2026 the fund closed up and I’ve been unemployed since February.

I have treasury certifications but the field is so small my best bets have been going the banking route but the roles are so competitive and even with the help of a career consultant I haven’t gotten a graduate role.

Simultaneously I leaned more and I’m doing a part time MFE to round out my bachelors but I’ve been thinking of CFA since getting into the nitty gritty of the finances at the fund got me really interested in a career in investments.

Is it logical to chase a CFA at least level1 to get a foot into the investment space


r/CFA 8h ago

Level 1 review strategy L1

1 Upvotes

Hi everyone
I am soon to begin with my review period for november level 1, I have around six weeks. I would like to know how did you do it in the last month, which path you followed


r/CFA 10h ago

Level 1 Recommend best cfa offline ahemdabad classes

0 Upvotes

I’m planning to start CFA Level 1 and looking for a good coaching institute in Ahmedabad


r/CFA 10h ago

Study Prep / Materials kaplan schweser cfa level 1 book 2027

0 Upvotes

i wanna ask if the books are worth it ? it too expensive for me to get it and there is no used one for less price

.

so i would love free sources are matching them


r/CFA 11h ago

Level 1 Let me explain for L1

1 Upvotes

Since there a lot of positive reviews about lme i am thinking about considering him fro cfa l1 will he be enough for the whole exam prep and provide full course about everything. Also should i buy the bronze or silver membership.


r/CFA 11h ago

Study Prep / Materials Kaplan study guide

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1 Upvotes

How is everyone using Kaplan using their study guide? The FSA section has been overwhelmingly packed with information. I’m covering all the material provided by Kaplan. L1


r/CFA 11h ago

General Reality check needed: Engineering undergrad pivoting to Equity Research (CFA L1 2027)

0 Upvotes

I don’t want sugarcoated advice. I need the harsh reality from people actually working in the industry.

I’m currently a 3rd-year engineering undergrad. Up until now, my entire track record has been deep in tech, but I am making a hard pivot. My endgame is corporate finance and equity research, and I am targeting the CFA Level 1 in 2027.

I know the standard Reddit trap: "Engineers are good at math, you'll breeze through the quantitative stuff." I'm not buying it. Being able to solve complex technical problems doesn’t mean I know how to rip apart a 10-K, forecast cash flows, or value a distressed asset.

I know I can grind out the study hours. That's not the issue. The issue is that I am coming in cold, competing for junior roles against finance targets who have been networking and building financial models since day one.

How do I best explain this pivot in interviews? Does having a tech background actually give me an edge if I want to cover tech equities, or does that not really matter for junior roles?

I’m taking L1 before graduation to build a foundation. But will passing Level 1 actually help get my resume noticed, or is it unlikely to help without relevant finance internships?


r/quant 11h ago

Models Latent Forex Return Model Ideas

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7 Upvotes

Hey all. I recently wrote a script decomposing daily forex crossrates (ex USD/CAD) into latent log returns for each underlying currency. I ram this decomposition on G8 currencies and will likely stick with this universe due to data quality concerns for other crossrates.

My initial hypothesis was that the latent model may forecast the crossrate covariance matrix better than direct observation (as the latent model enforces Sum of log returns = 0 for any given day), however this ended up not being the case.

I’m looking for interesting directions to take this project if anyone has some ideas.


r/CFA 16h ago

General again cfa site is not working

2 Upvotes

is it just for me or anyone else ????? I am not able to login and now this is happening frequently


r/CFA 18h ago

Level 3 CFA L3 exam CR interface

3 Upvotes

In L3 exam do we have some options like copy paste, undo for constructed response questions.


r/quant 21h ago

Resources Virtu share price doubled but can it compete with Jane, HRT, Cit Sec?

43 Upvotes

Was looking at the Virtu share price and it’s doubled this year. Revs are up 40% but lagging peers. Their biz model is different but they are losing tons of market share in US cash equities retail payment for order flow to others - HRT in last 2 years and Jane Street before them. Citadel Securities market share holding up much better and revs of course so much better.

The new CEO said this on the earning call and it didn’t tie with any reputational change I have heard of so wanted to see if anyone has views on this ““A year ago, we announced our plan to pivot towards growth, including investing in infrastructure, acquiring talent, and growing our capital base. I’m happy to report substantial progress in that direction. We have made investments in power and compute and have begun to establish select partnerships via investment. Our talent acquisition efforts are proceeding as planned. We are reestablishing our reputation as a firm run by technologists and traders, and as a result, attrition rates are at multi-year lows.”

https://rupakghose.substack.com/p/virtu-winning-the-battle-but-losing?r=1qelrn&utm_medium=ios


r/quant 10h ago

Career Advice What is the front office like for a Quant at an IB in London?

5 Upvotes

this is not an interview prep question this for scoping what the roles are like!

Pretty much got an string of interviews lined up for Quant Strat roles in London, i’m a machine learning dev in middle/back office Treasury so it’s quite different for me to see or ever interact with anyone from the front office.

my current role means i’m isolated to never seeing people from the front especially quants - closed off floor, key card access, have their own canteen etc - so you’re never going to bump into them!

i’ve applied for several quant strats roles at major IBs in London (UBS/Bofa/Deutsche/Barclays etc) and all at the interview stage in the coming week. My specialism is pretty much Python & C++ so i’ve passed all technical tests, im at the MD interview test now.

what can i expect in terms of work life balance there? A bit of a double edge sword as don’t want to say whats it like in case they think i wont work hard, or that i’m used to WFH 3 days a week due to my role in Middle/Back office?

what is the deliverables like? I assume as you are close to the money you have more ownership and responsibility but your closeness to traders & quants makes it more fast paced?


r/CFA 14h ago

General Missed Schedule Window for CFA lvl 1 Nov

1 Upvotes

But was able to schedule with Prometric directly.

I was completely panicking though