Thanks, and I see your point here. Luckily, to be honest, quant. modelling is what I'm really good at...... I've read thoroughly the books by Shreve, Hull, and Wilmott.

But, there're quant positions at both sides. Where should I start?

7# sonic227

If you wanna start your own hedge fund some day in the future, the best start point would be a quant in a hedge fund, which is clearly at the buy side. In that area you can learn not only the skills required for a quant trader, but also the hedge fund industry itself. If and only if you can be a star trader, say your right over wrong rate is much larger than 1 and thus you can bring a huge amount of profit to the company, you might get enough experience and trust to start up your own hedge fund. This is because all the investors of hedge fund industry are sophisticated, they know what they are investing in. If you can't become a star trader in hedge fund, an alternative way is to co-found a hedge fund with a star trader.

However, we all know that hedge fund usually don't hire graduates directly (although this is changing). Therefor, you need a back up plan, which is to find a position in the quantitative team of any big Wall Street Banks. At those places, you are doing almost the same thing as a quant in hedge fund. But the only difference is you are on the sell side. At sell side, it is not that easy to become a star. However, if you have a few years working experience in the quant team of sell side, it would be extremely easy to find a job in a hedge fund company. Nevertheless, being a quant at both buy side and sell side can get very good pay because they are at the very front office.

Oh by the way, as far as I know, to be a quant, you also need a PhD degree in Math, Physics, Engineering, etc. Masters get hired in quant area is rare but not impossible (unless is very outstanding, e.g. got award from Olympic Math competition etc.). Never heard BScs get hired in that role.