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Quantitative finance: what’s it really all about?
By Matin Durrani
Among the many joys of studying physics is that a degree in the subject can take you down lots of different paths. As our recent Physics World Careers 2017 guide revealed, they range from research and industry to education, IT and even sports, politics and the arts.
One particularly popular destination is the world of finance, which is hardly surprising given physicists’ love of numbers. Those in finance work in many different areas, with one of the most high profile – and lucrative – being the field of “quantitative finance”.
But what exactly does the term mean and what’s the field all about? To find out more, do check out the new, free-to-read Physics World Discovery ebook entitled Quantitative Finance, written by Jessica James – a managing director and senior quantitative researcher at Commerzbank in London.
As James explains in the introduction to her book, the field includes “complex models and calculations that value financial contracts, particularly those which reference events in the future, and applies probabilities to these events”. I encourage you to read her book, which is available in PDF, ePub and Kindle formats. And to whet your appetite, James has kindly answered some questions about what she does, her career to date and what the book’s about.
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