speaks with academic pressure on students' social skills and problems with some financial models . This monologue is part of a series in which people across the financial sector talk about their working lives
After the interview popular
economics professor at a college in Oxbridge
, here's a second professor of economics, this time in an institution based in London. This is a gay man in his 50s and a scientist by profession.
"We currently offer an ethics course taken by 10-20% of students. What if we offered only one semester of ethics? Suspect that many of our students have serious problems with that. Should they engage in many complex ethical debates ... would fail. These are people with a strong mathematical inclination, "some" The future, many mild Asperger-like qualities.
"I myself am about, or so I would say that there is no link between the minority and the rest of the world is an important key to understanding the financial sector today if I can generalize ..
"Quants are very good at recognizing patterns and structures, and work in a very detailed and systematic Quants. Feel a strong psychological need of these structures, too, and they tend to assume the existence of such structures and models for the world to behave in expectation, so that can be modeled.
"Quants not very good social skills. If you respond to a quantum in a way that requires empathy, it is difficult for them. Say two students discuss over coffee. Teachers recognizes as his student and stop saying "look, I really do not think that your last job was pretty good." After walking.
"For most people it would be hard to take a bad time, a bad choice of words as would the problem, because in his mind of the teacher simply makes use of the saw possibility. communicate something that needs to communicate.
"What to do with this:. Lot are more likely than others to lose some aspects of social reality, their brains are less in tune with them when then build a model, is less likely integrate these aspects.
"How does it work in the real world, a group of people in a bank develops a financial product based on a model of the world that have built this new financial product Toman to senior management and say. watching this great product we design.
"Now, the top management is unlikely to be composed of quanta, and all those who usually do not have the social skills to get high in the management hierarchy. Way that senior management not really understand what is prepared for them. quanta then have a real problem to explain it to them, because this is another social competence should not have.
"We need people from senior management who know what questions to ask: .. On the assumptions underlying the model of the vulnerability of the model still unknown and unknowable factors all Data from the last 10 years can be projected product revenues.
"But I heard that senior management is as follows:. We have this great product, and if we had 10 years ago, we all have a lot of money
"research and taught When I see my students doing errands in town, I wonder. Society can not make better use of all that talent
"Most of my students are very, very aware of the type of payment you can expect: .. £ 50 - £ 60,000 in their first year Compare this to our new teachers have a university degree, master and doctorates, and have made a minimum of one or two years of post-docs. then given a maximum of three years. Their salary is £ 25,000.
"assessments that allow students to determine whether to make this work in a bank and do not hesitate to spend some of the pressure, so to speak. LLEGO students saying" if I do not "t get that degree, my career is over." tell them it's silly, but it's how you feel by hiring circus that banks and financial companies launch. amazing how fast you are caught in the networks planned by the financial industry. Student associations organize classes resume, literally, in the first week. Students are under intense peer pressure to apply for internships, all highly competitive.
"I talk to students who are beginning to realize that is not going to get the grades necessary for the application itself. They literally think their life is over 21 years, children have been led to believe it is that you get a bank to pay top, or is it a cardboard box under a bridge in London.
"It's crazy, but I've heard very little more than three years, I would say, provocative. If this kind of brainwashing were conducted by a religious movement rather than the financial sector, which had been banned long ago. Indeed, for foreigners there is a different dynamic that the UK Border Agency will not extend his visa unless you get a job.
"I tell the students to see how you deal with the banks, what you really want to work for an employer who treats you well? Noting that there is a whole world out there between the bank where the bonus exceeds my income, and the cardboard box under a bridge in London. Most companies do not have the money to hire the kind of circus that big banks and financial advisory firms established. still need to graduate.
"The other day I spoke with a manager of an IT company growing need for graduates. He said his company would be willing to contribute £ 500 rate discovery. Haha. I mean, the difference between what banks can afford and 500 pounds ... the guy had no idea.
"There is a generation gap between students and teachers, is not clear. Lot of my colleagues design a college education, at least in part, as Bildung, an opportunity for young discover, develop and realize themselves, and that the company will benefit.
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