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Quant Masters vs PhD

One of the most common questions about becoming a quant is, "Do I need a PhD?" Some companies might require a PhD however I feel it is unnecessary if your goal is to be a great quant. From what I have seen there doesn't seem to be a big difference in compensation and PhDs take a lot more time to get than a masters. That being said, getting a PhD is a personal decision and typically those who get PhDs are more research driven people which makes them better quants. Watch the video and read the article linked below for more details and opinions. Peter Wagner's Article: https://www.quantnet.com/threads/the-...