UK
Transfer from an investment banking role into a trading role?
I'm a graduate with a quantitative background (actuarial studies) and currently work in the investment banking division of a top-tier us firm. But after about half a year of working there, I'm really starting to miss the quantitative work that i did in my uni degree, so was wondering if anyone knows how hard it is to move from IB into like a fixed-income or derivatives trading role as an entry level position? Also, what is the best way to go about doing so?
Asked by thesnitch
Posted in Switching Sectors and Trading
06 May 2008
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The best move you can make is to join a trading desk as a quant regarding your actuarial education. You'll get the job if you're able to vomit the short interest rate models or you are not disgusted by SDE around all that stupid models like Eat-Pretamanger-Benjy's. If you've less than 2 years experience in IB, you can directly apply for assistant trader role or entry level role... you could move to the FI desk of the so called top tier firm for which you are scraping some paperworks. Don't try any ops job like MO or BO... you will stuck there as a well known Kerviel closed that path to the trading hub. The funny thing, is everybody in quantitative education wannabe trader.if you're a bit curious you might hear about a bloody end of all those Merton brains going to rehab in the jobcenterPlus just across the street. Stochastic cannot mix with extreme value theory or chao theory like the current market condition... For my point of view, please stick on a good IB job and don't even try the trading if you are not starving for money... only money and money again... The market will pull out any other motivation and slam your face with it... Trading is a life style not just a job...
Independent trader 06 May 2008
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