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<p>If quants earn more money than those in IBD, the downside is that becoming a quant is pretty hard relative to becoming a general financial analyst…most quants have some pretty quantitative major, such as math, statistics, and graduate degrees in financial engineering etc…all those majors are much more difficult than a business major…the upside is that quants are generally less vulnerable to recessions than general analysts, i.e. not as many quants are laid off as are IBD people…so it’s a tradeoff</p>