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Monte Carlo Simulation is used in almost areas of Finance and Risk Management - be it trading, asset pricing, risk modelling or stress testing.

This is a must learn technique for anyone interested in the field of Quant Finance and Risk Modelling.

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Should you learn hashtag to work in Finance?

➡️ Knowledge of coding helps a great deal if you work many areas in Finance.

➡️ However, for revenue generating/customer facing roles such as working as a corporate banker, you do not need to know any coding.

➡️ That said, for revenue making roles in trading and asset management, coding does help.

➡️ For most other back office and middle office roles in risk management, compliance, audit, IT, knowledge of coding is quite useful (and thus enhances your CV).

➡️Note however, you do not need to have software engineering level coding experience for all these roles (except in IT/Quant).

➡️All you need is to be able to query databases, automate manual activities and do data analysis. The level of coding needed for these activities is less difficult compared to software engineering level coding.

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COMMON MISTAKES MADE IN STATISTICAL MODELLING

8 COMMON MISTAKES MADE IN DATA SCIENCE/STATISTICAL MODELLING I discuss about some of the common mistake made by people in data science modelling. 1- not defining the pr...