| Topic Name: |
Why I want to do IB and not trading: |
| Message Name: |
i'll keep my fingers crossed |
| Date Posted: |
01/26/2004 |
| In Reply To: |
Sounds like you're interested in a quant trading or analyst position which generally requires a masters or PhD in a quant discipline. It can de done without an advanced degree but not easily.
If I were in your shoes I would have taken the trading role, but I have zero interest in M&A, PE, etc...Having said that, it's possible (although definitely not easy) to shift from IB to S&T after you've proven yourself and/or met the right people in S&T.
Check out wilmott.com. I know of a few regulars that post over there that trade convertibles. |
| Message: |
gastrader, thanks again for your opinion. I'll check out the wilmott.com board. If you don't mind, what's some of your own background? The reason I ask is because you seem to be extremely informed about the fields. If you'd rather converse over e-mail, let me know and I'll give you my e-mail address.
From what I saw, I felt that in order to move from S&T to a hedge fund, I'd have to stay on the sell-side for a substantial amount of time and build up my reputation. The plus side is that you're dealing with buy-side clients everyday, which you don't get in banking.
However, I know of people that left MS M&A after two years and that have gone to top funds (Citadel, SAC, Maverick, Viking, etc.). My best justification for the decision I made was that I could likely move to a hedge fund after two years, rather than the 5-7 (assuming I was a very successful trader) it would have required in S&T. Additionally, since I find myself more interested in equities or converts, I figured I'd get more relevant fundamental experience in banking.
Hopefully I'm right and my decision will payoff in the future.
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