I get a lot of people claiming quant devs are real quants because they make good money and in some cases more than quant researchers or model developers. The problem with this is money doesn't determine a job, the skills do. The term "quant" was coined back in the 70's or 80's as a derogatory term for the people engineering derivative products using a lot of math on the SELL SIDE! Over the years the term spread to other model development jobs for other products and eventually spread to the buy side. Now many young people have taken on the title "quant dev" meaning someone who implements models but has a lot of math to help optimize. Sure it is close to a quant but the education and skills are very different.
There is nothing wrong with being a quant dev and it is an interesting job however you shouldn't go around telling people you are something that you are not.
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