A young Australian has revealed that he rakes in about $300,000-a-year working as a ‘quant trader’ in the financial sector.
The man, who is not named, told jobs app Getahead in Brisbane, he earns between $10,000 and $25,000-a-month working as a quantitative trader – which means he uses mathematical models and computer algorithms to carry out financial market trading strategies.
The interviewer was shocked by his earnings and said ‘heck yeah’ before asking what his profession actually meant.
‘You trade different assets, commodities, (cryptocurrency), stocks (and) ETFs (exchange-traded fund),’ the young man said in a video published on social media on Tuesday.
Asked how he entered the industry, he said: ‘I was willfully obsessed with making more money than my parents combined.’
He was then asked whether the profession was self-taught, which the trader failed to answer but said people can teach themselves.
‘I would recommend to people looking to break into the space (that they) network with people who have already done it because it’s a bit of a black box industry,’ he said.
A financial professional (pictured) admitted that he is driven to earn thousands of dollars in order to surpass his parents’ combined earnings
The trader also added that ‘maths and statistics’ are the biggest challenge for people in the role.
‘I think the biggest limiting belief that people have is that. I hear a lot, “I’m not a numbers person,” or, “Oh, that seems way beyond me”,’ he said.
The young man said he currently works for himself but has had interviews for several firms.
The interview has been viewed by over 23,000 people on TikTok but some social media users were quick to downplay the young man’s achievements.
’10k a month. So not that much,’ one person said, to which one commenter added that the pay is ‘insulting’ for a quant professional.
An Instagram user said: ‘Translates to “lives at home with mum and dad”.’
But some jumped to his defence with one person saying: ‘Small poppy syndrome in this comment section, always hating other people’s success.’
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