Demand for quants still strong, but...

Would-be financial engineers are still in demand, even though the hiring frenzy has abated, reports Financial Week. More than half of recent graduates from top quant schools found jobs. In the boom years, up to 90 percent found jobs upon graduation.

No one thinks that Wall Street is done with the quantitative approach. If anything, there's a new quest underway for better algorithms. Here's how Andrew Lo, director of the Massachusetts Institute of Technology's Laboratory for Financial Engineering, puts it: "It's an arms race where no one has an incentive to pull back on their own." It's interesting that more universities--such as Columbia--are already planning to tweak their curricula to help graduates understand the broader dimensions of their trade.

For more:
- here's the Financial Week article

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