Hi guys,

I am a student who is in his final year of a CFD PhD and am wondering if anyone could tell me what kind of positions etc. I could apply for in a financial business. E.g., Derivatives, options etc. I am wondering if anyone knows how the skills cross-over and if it is common for CFD people to do so.

Thanks.

How about

Computational Financial Derivatives (CFD) !!

I've known a couple of people to jump from CFD to financial modelling. Someone mentioned that the solution of the Black-Scholes equation is somewhat similar as for the Navier-Stokes equations. I think the 'variance' in the Black-Scholes equations is somewhat akin to turbulence.

I think you'd have to be an expert in the implementation of CFD more than an expert practitioner of CFD to make the jump!

Good luck, go where the money is

"I think you'd have to be an expert in the implementation of CFD more than an expert practitioner of CFD to make the jump". Can you further explain this...thank you!

Would a PhD student be able to make the jump? Any advice on what type of jobs to apply for?

Well, I feel that financial institutions would be looking for someone with the skill set to both understand and be able to implement code to enable numerical prediction/modelling of financial systems. As such they'd probably look for someone with skills that demonstrate the ability to code numerical analysis software and also someone who has the experience to understand the -financial- implications of the output of such software.

You might get in to a bank or financial instituion on a graduate program (with CFD experience) but don't expect the big $$s/££s to roll in immediately.

All the major financial houses employ all sorts of programmers. Some of it is fairly mundane - build a web portal for your clients to check their account online type of thing. But somewhere tucked away they have all sorts of analytical types writing very numerically intensive programs that try to predict stock market trends. If you are a good programmer with really good analytical skills and you know all about parallel programming (something thats fairly common in the CFD world), you might get yourself hired. They pay well but you work for it.

Hi there,

Why Parallel programming? Is it because they run these models in parallel? Can anyone recommend particular agencies/companies in the UK?

Thank you all.

Check out Carnegie Mellon's page on Comp Finance degrees. I think they had the first program ever, but there's lots out there now. I think competition might be tough without one of those degrees behind ya.

http://web.gsia.cmu.edu/default.aspx?id=141030