(05/11/2012 04:08 AM)Assassinator Wrote:  Western society doesn't need you to be the top dog to get a job, but you won't get any jobs if you're like bottom 10%.

That's probably a given, but I wouldn't really fret about achieving ~10% percentile.
Considering society, the bottom 10% is probably seriously retarded people anyway (unless the distribution isn't representative of general society, or high failure rates etc).

(05/11/2012 04:08 AM)Assassinator Wrote:  Most grad positions also have minimum credit cutoff for application, with the good ones (eg. banks, financial corporations) with distinction cutoff, because the positions are so competitive they get way too many applications even with distinction cutoff.

And then you have jobs like this, a cutoff of top 1%.  http://www.webjobz.com/jobs-Statistics,-...12800.html

I'm sure there'd be ways to talk around that.  People with 1 year work experience can probably still apply for grad roles, and they can always use their experience as something less measurable to sell themselves.  Assuming of course, that they can even get the chance to display this.  I wouldn't be surprised if they simply get outright rejected many times, but if they try hard enough, they may succeed at least once.

Also, it's not like you have to go for a grad role.

(05/11/2012 04:08 AM)Assassinator Wrote:  Quant typically pays like 6 digit salary + 6 digit bonus so yeah, there's still going to shitloads of applicants.  Welcome to the world of high end finance I guess.

USD$700,000-1,000,000 holy shit - http://jobs.efinancialcareers.com.au/job...107997.htm
USD$160,000-250,000 + bonus - http://jobs.efinancialcareers.com.au/job...107943.htm
USD$180,000-220,000 + bonus (only requires 2 years experience to apply!!) - http://jobs.efinancialcareers.com.au/job...976584.htm
What makes it even more superior is that quants work normal hours, unlike investment bankers.

When those links worked, they looked like international positions?  Interesting that they fall under a .au domain.