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unixbeard
Dec 29, 2004

Yes I did a bit of work for a buy side HF but I knew the guys from other stuff I had done and had a lot of industry experience in the areas they were focussed on. They shut down late last year but I kinda wish I had stuck around with them.

You should definitely include your trading results, put you annual average return and some sort of risk adjusted return. At the end of the day its about making money and if you're good at that you should be able to get a look in somewhere.

unixbeard fucked around with this message at 08:35 on Jan 27, 2011

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unixbeard
Dec 29, 2004

you put the party in counterparty ;)

unixbeard
Dec 29, 2004

zmcnulty posted:

\/\/ haha, do I know you?

nah just another anonymous face in the unwashed masses. i am based in ch

unixbeard
Dec 29, 2004

for theory hull is your best bet on derivatives, for business/war stories traders guns and money by das is good.

unixbeard
Dec 29, 2004

What exactly do you see yourself doing? Outside of IB there are lots of places that could do with a desk assistant or something, but you're not going to find them at college recruiting drives. Also consider that any role will likely put significant restrictions on what you can do on your personal account.

unixbeard
Dec 29, 2004

Smerdyakov posted:

Assuming that I have little to no interest in getting into an MBA program (since from what I've gathered, they also don't give a poo poo about any case studies and overall portfolio when considering admissions) am I just toxic from that point on? Basically, I'm not good with paperwork, I don't interview that well, and I have no relevant experience or references.

You basically lack any professional credibility, especially relative to the oceans of advisors/managers out there. I would encourage you to become more knowledgeable about the industry and the business of managing money. Also consider a degree in economics, and/or making friends with some billionaires.

unixbeard
Dec 29, 2004

It seems to me there is a general perception that things are better and the worst of the last 5-6 years is behind us.

unixbeard
Dec 29, 2004

There is a difference in working cultures but what exactly that means depends on what exactly which area you are in. You can still work long hours in the UK, its somewhat more about mindset/approach. As a gross generalization:

US: very aggressive, culturally never want to be seen as negative, reasonably respect for authority subject to personal agendas.
UK: less aggressive, culturally a bit more subtler than americans.
EU: conservative in many respects. They know how to play but will play a bit slower and will rarely put their neck out.
Asia: hierarchy is very important.

Americans never say anything bad, but will cut you in your sleep and call it playing the game. UK people know stuff is bad but are too polite to say, will also cut you in your sleep but will take some care to ensure blood does not splatter too far. Europeans know stuff is bad but dont want to be seen as undermining their managers. APAC, theres probably something there but really who cares about apac.

unixbeard
Dec 29, 2004

Yeah that is really horrible.

unixbeard
Dec 29, 2004

The jellybean covered in poo poo metaphor.

It's great when you finally get there, but you kinda wish you hadn't spent the last x years eating poo poo

unixbeard
Dec 29, 2004

It wasn't really about bad/good, it's more about where the action is.

unixbeard
Dec 29, 2004

DirtyTalk posted:

I guess what I'm looking to do is somehow apply my technical skills to the financial industry and use that to eventually become a successful business person. I don't picture myself being a worker bee down the line that I am currently seeing now in my company. Again, I went out on a whim posting it here. I know that this isn't a trading thread, but I just referenced my trading as my loose insight into the financial industry.

The good news for you is there are a lot of places that will interview pretty much anyone who walks through the door. There are a bunch of books on quant/trader interview questions (Mark Joshi is as good a point to start as any), just google up some titles and spend a couple of months going over them. Also during that time, keep a close eye on the news and make a list of all the funds you see mentioned, and do some digging to find others. As someone else said there are a lot of smaller places that are not as famous, but you can probably find one that has a place for someone engaged and enthusiastic. Once you have done a bit of prep, go through your list and talk to anyone who will speak with you. Also keep trading, even if you don't do spectacularly, it shows that you can turn up day after day and put your money on the line which does count for something. Just keep some perspective that trading at an individual/retail level can be very different from institutional or the business of trading, you don't want to come across as arrogant even if you do well.

unixbeard
Dec 29, 2004

Another option is to keep your day job and just trade on your own. You don't need to day trade to find success (imo you are better off sticking to higher time frames). There are a few considerations

1) Having a stable job with regular income takes off a lot of performance pressure. Your trading profits are gravy.
2) Working for a financial company will probably put restrictions on what you can do with your personal account. And the restrictions are usually pretty extreme, entire asset classes off limits, approval required for every trade, minimum holding periods, you must use the in house or company approved broker, etc.
3) You're probably not going to be trading right off the bat in your new role, and even if you are you will probably focus on a very specific set of instruments.

So if you like trading there is certainly a case for staying independent.

unixbeard
Dec 29, 2004

Do you have a PhD in a quantitative discipline like math, stats or physics? If so you can usually get hired right into the buy side. If not I don't really like your chances. BBs aren't really known for top notch quant trading stuff relative to all the funds out there that specialise in it. Could also be in S&T doing structuring but the PhD question remains.

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unixbeard
Dec 29, 2004

Yes a lot of it is HFT, but there is a real mix.

Tradebot
XR
Susquehanna
DE Shaw
Two Sigma
Ren Tech
AQR
DRW
GETCO
Jane Street
Optiver
Tibra
WH
Jump

Trading/Capital Management/etc.

Some specialist recruiters are http://www.hrg.net/ and http://vacancies.gqrgm.com/ also poke around https://www.efinancialcareers.com and https://www.automatedtrader.net in a pinch.

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