Wednesday, February 29, 2012

I am currently a student in a MSc of quantitative finance program. I will have 61/2 months experience as a rookie quant by the time I graduate. What will it take to land a good job as a trader or a broker or analyst at one of the better firms in NYC?|||You probably have to have come from a good school. You also need good comunication skills and you need to have insight, not just knowledge.

It is hard to get into trading. You probably do not want to start as a trading assistant (coffee getter). Your best chance is to work is a lesser bank (something like JPMorgan) as a quant and get the traders to like you. Then transfer over. Top places (like Goldman and Morgan Stanley) do not do that as much.|||MBA (Ivy League Exclusively)|||The big firms conduct on campus interviews at the big schools in the area. They also go to the big, top schools in other states, but, generally, not recruiting for NYC. The interview process is multi-level and very competitive. You need a 3.4 or better GPA for any of the top jobs.

My source? My son did it last year graduating from Fordham with a 3.67 and a job with JP Morgan. He had his offer in November of his senior year. Has made $87,500 his first year . . . of course, he works long hours and has a tiny apartment that rents for double the note on my 3,700 Sqft home on three acres.

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  • hibachi
  • mike geary
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