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Thanks for doing this thread. Thought I'd ping you for advice on breaking into the HF side. I just started in tech research at a top BB after doing two years in banking. Just trying to make the most out of the experience with an eye towards transitioning to an elite fund. Of course I will work hard on my own investment ideas, but I thought I'd get your take on whatever else as well.
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Jun 15, 2014 00:14
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Hal_2005 posted:What I would do instead of dropping cash on a Phoenix MBA is go take the CFA, CBV or as many Series classes you want to take. I have a friend in his mid-40's that works in IT in the investment business division of a large bank. There's no growth potential in his programmer position so he was thinking of getting an MBA and doing something in Finance, but he doesn't have any network contacts. He has a BS in Finance but never got the MBA or a financial business job, only worked in technology roles for the past 20 years on technology projects for equities and commodities trading businesses. He knows databases but is not an HFT-programmer type. If he decided to get the CFA and some Series-type classes, would any investment company and/or hedge fund consider taking him on in a business role? He knows Excel VBA very well and trades equity stock options on the side (he's been teaching himself the past two years). Or because he's in his 40's without any financial business experience is he considered, "over the hill"? Also, he's currently making probably around $110K/year now, so I'm not sure he knows what to expect on salary if he switches to a new business-side position. nnnotime fucked around with this message at 05:00 on Jun 15, 2014 |
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Jun 15, 2014 04:54
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Hey, Feel like a dick for not replying. As you guys may or may not have suspected, last week starting with the Ukraine gas drama and the ISIS deciding to spook half the UK Kurdistani producers has made for a pretty wild week. Have printed off the thread updates and rather than half rear end them I'll edit and respond to the thread tomorrow pre-Adobe earnings tomorrow while me, and the tech guys spin in our chairs. Quick responses in the 15 min. before early call: - The cross switching is uncommon in my experience but is most often done where a tech specialist for a large bank will become certified in network admin/cloud or basic programming .net or a unix subtype and will then transition from being a bank manager to an IT support specialist at either a subcontractor or a market data specialist. After working as a general contractor for any one of the institutional asset manager hubs, they usually transition into in house contractor work. Most of our IT technical support we have is outsourced to 3 major data providers/agency monitors so I am pretty vague on this, however I do know that is the most common route based upon what I heard from our one IT support specialist who did most of the HF work for startups and Asset Manager "hotels" (incubators) in the Canada corridor. The alternative mechanism is if you are particularly adept at picking market trends in net gear and IT you could look at joining one of the hardware focused incubators like Y-combinator or A16z.com as an internal technical specialist and under that track look at eventually working your way to a internal manager plus picking up your required Portfolio Manager and Security Courses to eventually advise on tech private projects or placements. Run a shadow portfolio while you are looking at this track, after a good amount of time working as the internal "hardware" guru for all the software startups who need hardware execution, eventually look at joining Intel or Google Ventures where a more direct spot may be open. Or start your own startup focused on directly catering to the thousands of .app's who are being pumped out for b2b or SAP projects. I am really stumped to be honest on this one, and will give it more thought because based upon a former partner of mine (a good friend from university) who was just Sequoia backed in Feb-14, I definitely know there is a derth of hardware specialists in techworld, just I am 100% uncertain on how to tie veteran hardware/IT support management into a entry level niche. You will want to find one of the more off-beat funds like A16z to start at thou, vs the big guys like Kliner Perkins because they will recognize the talent, having been CEO's themselves. (I'm not honestly trying to plug anyone if it seems that way; feel free to chime in if anyone knows a better seat or Tech starting point). - Would say his IT exp would be an asset, but it depends on how he markets himself. If he went in as an entry level associate then they would likely shoot him down. Estimated salary would vary depending on the shop and the compensation package he went for, 110/year USD would be a bit rough for me (or most) to pick up for an un-tested backoffice, so I think pitching himself as sort of an in house troubleshooter or consultant to software startups within the incubator or VC portfolio to help adjust or coach the young executives on proper IT deployment or forecasting would be his best avenue. on equity research: - Mary Meeker wrote actually a good book when I was starting out in university (back in 2000) that went through her effective experiences in report writing, I wish I could remember the book's name but it was stolen out of my fund library; I'll see if our Research pit can remember the name and/or if I can track down the ISBN tomorrow, in short 1. If you are working in equity research for more than 5 years as an associate you will have a real hard time pushing to Analyst or being recognized, think of it like in a sports franchise spending your career in the juniors the whole life of your prime: people ask "if he's so good why did he not publish or ever generate his own ideas?", you think I am making GBS threads you, but one 2 of the undergrads I mentored while I was doing my MBA (while banking) had exactly that problem, and it was a real struggle for them to secure Analyst seats when their Analyst finally pushed them out to make room for cheaper talent on the bench. I would say spend 3 years and work really hard under your Analyst, then in your 2nd year, seek to be a junior analyst and publish maybe on one or two companies after you finish your Series and CFA exams (take cfa, trust me; UK and CAD/Japan accounts will honestly respect it, China is going that way too via Singapore/UK lineage in my experience marketing). Even a "mini" initiation will get you noticed and give your analyst an excuse to both lobby for increased department funding, but it will also get your name out and make later brand marketing a much easier chore if either you need to a.) make a bolt for a new gig b.) you really strike it big on a market call and want to move to buyside based on your insight and diligence work 2. work and fact check. To protect the guilty: there was an energy analyst last week at a respected shop who 1 day after that bank made rolling layoffs came out with a equity report where a stock he had a target price rated $20/share and underperform upgraded it to Top Pick, Buy, and a target price of 38/share. It turns out in his financial model, he stupidly missed a "." point, and his vlookup just omitted a full row of DD&A expense for a project. His 7 years of equity research sweat work was literally toast in the 4 hours it took the analyst to figure out wtf happened, his TP went down to 24/sh, but due to reg rules he could not change is rating for the next few days. Needless to say, this guy is toast and is now looking to work at a corporation in buiz. strategy. I used to laugh at my boss when I would make a spelling mistake (being a young dumbfuck pre-08) but I can not stress, you gently caress up a number, and some pension fund buys your blind recommendation: you are pooched. Its really that important. 3. Niche and focus: If you are the tech research guy, many will tell you to get an "edge". "edge" does not exactly mean go and buy all your computer engineer buddies like Maritoma did beers, but learn something and master it. If you are the guy who can read every part from an Iphone tear down ? And you can rattle off the margins on all the possible permutations of a Iphone 6s via 4 photos. Publish that poo poo. If you can look at 5g network specs and project telecom footprints for everyone from Verizon to Vimplecom ? You are going places. Even if your analyst does not ask you to learn a niche (because he likely is worried you will outshine him) push to take specialist classes or reach out and try to take professional courses via local university or corporate led venues (I know everyone from Cisco to Oracle do forecasting and sales events), and if you pitch your Head of Research, 99% of the time you will get it expensed. Also, do yourself a favour and either go buy a local university pass as a non-student and get a remote connection to their up to date journal list. You would be shocked at how simple poo poo sometimes flies totally under the radar of general institutional market knowledge: simple poo poo like when 1080p or blueray was being pushed and/or market adopted. 4. If you have your numbers down, do a quick google (go to the university or ask a sales guy you trust and are friends with) and look at institutional investors all stars list, lift some of their research reports and look at the formats. Even if your research checking team forces you to use a standard format (like the Bank of America template for example), learn how they structure their prose, the hook line, the header and the summary + action call. Trust me, when I say an average PM gets about 40 email blasts every morning, 80% of them doing the exact same regurgitation of the press release with the response "it was in line with our estimates". Be that 1 guy who stands out. To be honest? When I was young I wanted to be a cartoonist: When I was on the sales desk, we made "playbooks" aka. big comic books with big cartoon maps and call out boxes that read like a stan lee comic. Be punchy and add a bit of zest to your market calls. Puns are really a good thing, as are theme reports. There is a famous analyst who now runs a fund, you can see him in the Financial Times in today's edition (June 16, 2014) who literally made each quarter's report a theme. One year he even dressed up as James Bond. Don't go that far, but like all products, make it stand out. Second, make a clear and concise point to make every call have a context for the net effect and point of the note. If your NAV and CFPS/EPS does not change, then give an explanation as to why it's neutral or expected based upon the past guidance and market research for the company. You want people to follow you, and communicate that you are on top of the company, vs. just reposting. On that note, never not post. If you are the only guy who does not have a note out on a market event, be sure you follow up with why you did not think posting on this event was critical in your next note, or make it clear to your sales & trading team why you are not going to bother updating the note so they are not in the lurch should they get account calls on the security & related market update/event. 5. Make friends with sales & trading. I can not stress this enough, even with the new Chinese walls in place that prevent S&T and Research from sharing an office space, they will protect you. If you are the research associate who always sends them (with your analyst seal of approval) updated comparables, market commentary and summary in the morning blasts (even if its just hyperlinks to techcrunch's big stories in last 24 hours) they will protect you. When I was starting the hedge fund, one of my salesmen who was a great Italian guy (little older than me) called me out of the blue, when he heard I was leaving my investment bank and because I helped him out every day fresh out of school, he and my old sales team literally gave me their word of approval which was critical in getting seed backing and references to start up. Its a relationship game, and I poo poo you not, even the smallest thing like offering to buy them lunch is big balls and nobody will say no, because you never know who will make it to big chair. OTC: - Dodd Frank literally will have zero effect on how banks and primary dealers can structure off balance sheet products provided they will not be caught. If they are caught, the punishment for being caught offside for a to big to fail is roughly 1% of IRR on most trades. See Bruno or Citigroup Prop (in a few days when DOJ announces their filing). We rarely do much OTC unless its to hedge or Foreign exchange exposure or unless I am running a large trade which can not be done in the main market (ie: building a stake in a company to force a merger or build a torpedo short). A good example of why Dodd does and will not work would be to look at how Ackman or Ichan build their positions in the last 4 proxies (allergen included) using OTC calls vs. straight up buying shares on the market. 2. See main post: Would advise against HFT given the thinning arbs and limited returns which are being generated in ZIRP (and soon: No interest rate policy) markets. If you wanted to get into HFT I would suggest 2 routes: first would be to straight up apply to market makers and then transition from program trading desk to a fund, second is to work on a specific market strategy and then apply to a hedge fund as a junior entry programmer and/or systems developer. From my teams experience I would suggest work on a program and do (and win) a few code competitions such as the google, IBM deep blue, facebook open tests or Oracle code challenge. Having a clear understanding of about 3 languages as well as data structure is key as well as a solid foundation in discrete calc. If you are in undergraduate be ready to be told to go back for a masters degree or asked to get a masters degree. My suggestion personally is work on a bank team for a while, at least until we see what happens with the regulation around main-board HFT for the next 3 years. Then, when rates reset and most liquidity arb funds go bust, take a stab at the market. If you read the WSJ today, most fund associations are expecting about 50% of the worlds HF and institution managers to fold by 2030, with about 20% of them to blow up if rates reset back to 4.5% on the US-10 year. So picking a entry point into the overbuilt sector of the market, is maybe not such a good idea; my 5 cents on the subject. semicolon, will respond more tomm am. good questions, dont want to dick the answers ditto Marskovy's follow up question. There is alot of them actually; I loath and hate the uptick rule. Anyone who has seen the recent price action in LULU and Target can understand why. No such rule exists for upside in stocks, but downside is protected. Borrow rates are not tied to market liquidity (still!), FX market non-regulation, Any Fix or post (LIBOR, Brent40's) are rigged as anyone can tell you who has ever had to settle on those contracts, SEC regulations on when they can move on market manipulation (as Einhorn's book proves and I can confirm you practically have to hand them the information with highlighted cliff notes for them to serve a Wells notice), selective disclosure rules related to insider selling or NDA selective sales process timing, delayed price quotes, transparency rules related to deal allocation & fill (London/ Canada), United States SEC reserve rules for tight/carbonate/shale assets under the 1988 reserve guidelines, Australia stock market in general (thats a full post tomorrow), Chinese and Emerging Market data fraud (not really a gripe, just a cost of business), murky non-GAPP impairment and non-audited adjustments. Abuse of the 1-time charges and stress asset pool tests for Tech companies. Tech companies in general with questionable booking or pulling forward of revenues to goose the current EPS or IPO promotes (hi2u Twitter, Groupon, RocketFuel, Ebay). Yes, exotic orders are growing. Actually a good idea for a post would be to explain the general (sell side, not our cookbook) of order runs and styles. will look into what my legal will let me post, without blowing something offside. semicolonsrock: - Many of this business is still a manual business due to the highly subjective nature of the data sets (most are still rich text format or those who are auto-generated are riddled with human entered errors) which require alot of manual work and little crossover between tasks related to subjective forecasting, sensitivity tables and due diligence review. As such, since it is a Just in Time business, hours are long because the window for deals or trades tend to demand that window of work. There is very little you can do to prepare or preplan for a event when it goes life. I remember being at the Goldman Sachs energy conference last week and a certain guy pulled the bar TV to Bloomberg television and Lloyd B. was being interviewed. When asked "why does he work so late" Lloyd straight up said "I'm loving paranoid and if if my phone rings its because something is either bad happening or if i dont pick it up, i know something bad happened and I need to figure it out" (thats a rough adlib), but it is the most pure and succinct explanation of how finance operates. So the Churn is not caused because bankers really hate Analysts (some I really did and do hate because of their attitude and mistakes they made; which I needed to fix), but it is mostly because the business must be nimble and flexible enough that everything must be mobile to respond to the systemic and microeconomic risk that either requires us to go into action, or reflexively advise in lieu of action: nothing really can be preplanned in the finance industry beyond simple strategic programs or stock templates which, again, require the real time context to be executed or pitched on. Adding to this layer of constant "reinventing the wheel" for bespoke projects is the added competition that you, and all financial services are effectively a commodity product which at best is interchangeable between consumers, be they pension funds seeking XYZ% non-correlated return or ZYX board of directors for a major company who give zero shits about your pitchbook only that you have adequately covered their fiduciary duty for a deal combination analysis and give them a full page of due diligence sources for legal to run through the ISS proxy agents for consummation. Its a brutal business and that whole acceptance that the best you will ever be is at most, a special flavor of water, really bums out many people. In my case, I had one megafund straight up tell me on Friday even if my fund's numbers were 33% year over year for the next 5 years, which would put me on par with the top 14 fund managers in modern history post 1965, I would still not rank in their advisory list until we have 10 billion under management (ha!). That level of "pound dirt" is something that you really need to internalize and learn to shrug off, because very few industries have that constant "beat em up" attitude and lack of respect for your product and accomplishments from day one to day-end when you finally sell your company or retire/sell your client book. Few industries reward for constant ego belittlement, or have a culture that fosters and requires constant humility both in selling products and accepting defeat without being able to laterally exit or restart within that field. The constant source of stress to excel to a moving benchmark, the long hours and 24/7 culture of market surveillance requires an odd mindset which often will lead to a cog.dissonance between what people percieve to be the monetary upside of finance and the general moral servitude that comes with real finance, esp when you compare how finance is marketed as a business culture for middle-class lifestyle vs. other industries such as medicine which have a higher barrier to entry and as such, finance tends to give the perception that since a lower "hurdle" to entry for finance exists, the risk/reward payoff to making it in finance discipline may be superior to the time value of labour applied to say a degree in Cardiology or applied mathmatics (actuary etc etc). I would say the similar psych profile could be applied to early law grads and is one of the reasons why many are ejecting for Silicon valley to work in buis. dev. as many in the Gen Y /X cohort are massively undervalued right now due to the limited M&A activity in banking, and collapsing institutional funds failing to meet their benchmarks in the last 6 years; which has led to record burnout. Sadly due to the recent say on pay and banker outrage, most are just electing to walk away due to the lack of "light at the end of the tunnel" vs. their current lifestyle wage inflation and student debt. Ill try to explain it better Adam after a bunch of sleep and some more linear thought. Financial crisis: Tons. Read "when genius failed" or "fooling people all of the time". In 2008 everyone knew when the "music would stop" to quote Chuck Prince, but nobody knew when it would. See the more recent biotech "crash" in 2014, for a more recent example, or the collapse in Japanese equities this spring due to Abenomics. Many know full well when a crash is happening or will happen due to streched ratios, speculative leverage and drying up liquidity, but everyone wants to roll the dice "just once more" and because performance is a moving target, knowing when to get off, vs. your peers is a giant game of chicken. Take the trades off too soon, and you risk underperforming and being forced to play catch up. Take them off too late and you end up being bagholder. Alot of the major problems we see today is caused by bubble timing and figuring out how Federal reserve policy will pop the bubbles in beta-chasing aka. momentum positive market returns (cough cough: biotech/social media). will redo and redraft better answers tomorrow. Thank you for continued interest in thread.
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Jun 17, 2014 08:04
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Hal_2005 posted:Degrees I would hire in a hearbeat (and many in my clique at Grand Prix weekend also are): If someone has some combination of those degrees (say PhD and BS in neuro/EE) and an interest in finance or even some nominal finance experience, how would he go about applying for these positions you and, presumably, your competitors want to fill? I was under the impression that buy side jobs were all about personal relationships. I assume going through HR is hopeless.
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Jun 18, 2014 02:59
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So, why is Russia a terrible place to invest? I can guess the obvious reasons, of course; I suppose I'm just fishing for stories.
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Jun 18, 2014 05:56
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KernelSlanders posted:If someone has some combination of those degrees (say PhD and BS in neuro/EE) and an interest in finance or even some nominal finance experience, how would he go about applying for these positions you and, presumably, your competitors want to fill? I was under the impression that buy side jobs were all about personal relationships. I assume going through HR is hopeless. To kinda piggy back on this, I have a BS in Aerospace Engineering, with about a year experience as a junior loan officer and another year's experience working processing paperwork for loans and underwriters. I don't have any engineering experience (it's been a rough 5 years), but kinda want to leverage what banking experience and general knowledge into getting a position in finance. I've heard stories of how 'a friend of a friend' got an engineering degree and went into finance pretty successfully, so I'm trying to do the same. What's a good way to get into the industry?
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Jul 10, 2014 15:32
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This is a fascinating thread, thanks for posting Hal. I'm looking to get into the trading game myself, L/S Macro. Looking forward to (hopefully) some more posts!
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Jul 30, 2014 18:28
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What do you think of Robinhood.com? Online brokerage with free trades that seems to make money from selling their data to HFTs.
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Aug 28, 2014 08:50
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semicolonsrock posted:What do you think of Robinhood.com? Online brokerage with free trades that seems to make money from selling their data to HFTs. Isn't it vaporware at this point, or are there actually people using the beta
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Aug 28, 2014 15:57
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semicolonsrock posted:What do you think of Robinhood.com? Online brokerage with free trades that seems to make money from selling their data to HFTs. Don't they also make money from the price difference between what you buy from robinhood at and what they buy from the market? I forget what this is called, and I know a lot of the budget brokers did this, no idea if this is still legal.
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Aug 28, 2014 22:10
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Bloody Queef posted:Don't they also make money from the price difference between what you buy from robinhood at and what they buy from the market? I forget what this is called, and I know a lot of the budget brokers did this, no idea if this is still legal. That's called frontrunning and it's very much illegal, although there have been many creative ways of attempting to circumvent that law in recent years. At least from robinhood.com's self description, it sounds like they intend to make money from selling API access to 3rd party developers, your liquidity credits (maybe the prohibit market orders?), and interest from margin accounts.
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Aug 29, 2014 13:29
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Great post Hal_2005. I have a few questions from the compliance/risk side of things  Does financial compliance and information security compliance fall under the same umbrella? Or are they handled by two separate departments/people? How much of the process is automated? Is it merely a guy standing watch over things, checking off boxes on a piece of paper, or are there complex systems in place to track compliance initiatives? The reason I ask is that I complete a lot of vendor risk and compliance audits for our clients who are major banks(investment banking). I am amazed that 90% of the audits begin with an excel spreadsheet containing 250 questions on information security/corporate compliance. Only once was I sent to a web based form to complete and it was a breeze. I cannot fathom how archaic the process is with a lot of these huge financial institutions. Is it similar in the world of hedge funds?
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Sep 17, 2014 16:14
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Bloody Queef posted:Don't they also make money from the price difference between what you buy from robinhood at and what they buy from the market? I forget what this is called, and I know a lot of the budget brokers did this, no idea if this is still legal. That is a little iffy but an interesting way that some HFT traders handle the situation is as follows: When they receive a MD update of a limit order, to quickly get the best price for this order they will "snipe" at it until it doesn't execute. So for example if you place a buy order for volume 100 at limit 2, an HFT trader will place a sell at volume 1 limit 1, you'll execute. He'll place another volume 1 limit 1.1, volume 1 limit 1.2, etc. until volume 1 limit 2.1 and when you do not execute, they'll "know" that you're limit is @ 2. Then, the rest of the 90 volume will be executed at 2, which is the best price the HFT trader could get on your order, it is acceptable to you (though you would have liked to execute at a bunch of prices lower than 2) This is simplified a bit from how it was explained to me but if robinhood are pushing through retail orders to specified hft pools i could see how it would be used there, it's almost a win-win though the retail investor doesn't necessarily get the best case scenario, he gets an acceptable one without much deliberation on filling it
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Sep 17, 2014 16:51
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The way they make money is that orders from robinhood.com are almost purely uninformed. They thus collect on average half the bid-ask spread, minus payment for order flow, any price improvement they need to give (maybe none?), and the cost of getting out of residual positions (probably about zero if you're talking about a very liquid security, non-zero if you're not). It's possible that order flow from users of robinhood.com is correlated in some way (at the very least they're probably somewhat more likely to buy than sell, but there might be less obvious ones), but I assume that firms taking the other side of the flow are winning to those factors on average. They also win slightly to the extent that they might want to put on positions for the longer term, in the sense of keeping one side of those trades and flipping out of the other side for about scratch because they can legitimately call it retail exhaust. Buying at a price better than the robinhood.com buyer is not front-running. Buying before you fill the robinhood.com buyer might be (but it might not be! Securities laws are complicated! And dumb and contradictory!). IMHO, any contemporaneous same-direction fills prompted by the robinhood.com buyer should go to said buyer (after accounting for some sort of fee differential) (this only comes into play in the case of a relatively large order in a relatively illiquid security), but this is very much not guaranteed by current securities law. Note that if you are getting first look at this flow, you do not need to be particularly fast; you just need to be fast enough to not get run over by someone trading via his or her phone [not very fast]. Good Eye Closed fucked around with this message at 06:31 on Oct 8, 2014 |
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Oct 8, 2014 06:19
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Is your firm pure black-box, do you have a mix of stuff, or is it mostly driven by human input? Most of my questions are ones I know you can't answer. Would you be willing to say what percentage of years you beat SPY in(as a firm altogether)? I'm drat curious what the name is but I know you won't (and shouldn't) say. PS post your gamerscore and/or p&l. Jeffrey of YOSPOS fucked around with this message at 07:10 on Oct 8, 2014 |
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Oct 8, 2014 07:02
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yes
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Oct 8, 2014 07:08
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An investment bank friend I have told me that if I was able to pass the CFA exams, I could go to most places on Wall Street, tell them I just need the work experience to complete the charter, that I would at least get an interview. Do you agree? Or do you think he was just talking it up.
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Oct 16, 2014 05:41
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Totally false imo from seeing the interview process
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Oct 18, 2014 00:59
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Hal do you follow the GTATQ yahoo message boards? Hal are you going to make a lot of money on GTATQ? Hal I need a better trading platform. I am a small-time retail customer. Something that has caused me concern has occurred. You see, I purchased calls on GTAT shortly before they moved to the OTC trade on pink slips. So I have these calls. And I said to myself, "This ticker is trading under GTATQ now." and I went to buy some more options to pack my position with potentials. Because I saw .66-.90 happen from way ahead, and it closed at .88 just this Friday the 24th of October. I'm concerned though. You see, I went to buy some more options on this OTC and my broker gives me a call and says "Nope can't do it. If you'd like to SELL your options you can sell them. But you sure can't buy 'em. Sorry.". It is kind of unreal that I missed out on quadrupling during this run. I see other cats trading options. The market is messed up, how come I don't have access to these options from my retail broker? Best Regards, RG
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Oct 26, 2014 09:18
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RichardGamingo posted:It is kind of unreal that I missed out on quadrupling during this run. I see other cats trading options. The market is messed up, how come I don't have access to these options from my retail broker? quote:What happens to the options on an equity if that company files for bankruptcy? Do the options keep trading until expiration date?
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Oct 26, 2014 16:34
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nnnotime posted:Here's the answer about what happens to the stock options when a company files for bankruptcy, from the Options Clearing Corporation: Fantastic. Crazy potential on those puts in the case of a bankruptcy!? Not sure if I really believe that anyone gets paid their cash for exercising those sometimes huge puts!! Is it true? Best Regards, RG
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Nov 10, 2014 03:57
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I have been trying to obtain work at a hedge fund for ages. Unfortunately I am unemployed and majored in a non-finance business major (marketing) at an only okay school. I am planning on taking the CFA level 1 next June however. What kind of advice would you give me to win an entry level job at a hedge fund? Do you have any recommendations on where I should look. I live in the Pacific Northwest and would ideally like to stay here for the next few years, but would certainly be open to move elsewhere in the country.
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Nov 19, 2014 01:19
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Just going to throw out the suggestion of not shooting straight for pe out of the gate. Try something like consulting and then transition in, in my opinion.
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Nov 19, 2014 16:40
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tbp posted:I know what you mean but if you are talking IB, the skills (and prestige) you learn there translate really well elsewhere allowing the individual to keep a similar or higher amount of income with much less strenuous hours. What industries/positions would these skills transfer to?
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Dec 7, 2014 17:02
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Hal, I am currently in the process of getting my bachelors degree in finance and upon graduation, plan on enrolling in a double masters degree program to get a masters in economics and finance. Can you give me any advice as to how I should pursue a career as a hedge fund manager? Any advice on how to get a job in the finance industry is greatly appreciated.
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Dec 9, 2014 01:58
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Got some more questions about career switching. I'm a control systems engineer and my work involves a lot of mathematical modeling, coding, controller algorithm development and simulation. If wanted to do that for financial systems instead of mechanical and electrical ones, where do I start reading?
mila kunis fucked around with this message at 11:55 on Dec 25, 2014 |
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Dec 25, 2014 11:51
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