SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by psibladeZX
April 28th, 2015, 4:47 pm
Forum: Careers Forum
Topic: Which Modling Job: Rates or MBS
Replies: 9
Views: 5071

Which Modling Job: Rates or MBS

Depends which bank too... if it's GS/MS/JPM, go for the rates, that's what made the most money last year. Of course that's subject to change this year.Take either position and then try like hell to get out of risk management and into a proper front office spot. Sales and Trading FTW!
by psibladeZX
March 9th, 2015, 12:47 pm
Forum: Careers Forum
Topic: Maximizing compensation
Replies: 14
Views: 4963

Maximizing compensation

<t>QuoteOriginally posted by: ThinkDifferentQuoteOriginally posted by: psibladeZXGet out of tech, that's number 1 step. Number 2 are four words:Front. Office. Buy. Side.From the company's perspective, ask yourself this question: why should I pay a cost center high salary/bonus? They are not producin...
by psibladeZX
March 9th, 2015, 12:39 pm
Forum: Careers Forum
Topic: Help with Job Choice
Replies: 3
Views: 3376

Help with Job Choice

Never ever move away from client facing to non-client facing... never front office to back office. Risk is back office. Once you go to the back, it will be like swimming up a waterfall to go to front office again.
by psibladeZX
March 6th, 2015, 8:53 pm
Forum: Careers Forum
Topic: Moving from pricing model validation quant to structuring
Replies: 4
Views: 4438

Moving from pricing model validation quant to structuring

I'm trying to do the same thing, so I don't know. If anyone else has any insight, I'd be all ears.
by psibladeZX
March 6th, 2015, 8:50 pm
Forum: Careers Forum
Topic: Maximizing compensation
Replies: 14
Views: 4963

Maximizing compensation

<t>Get out of tech, that's number 1 step. Number 2 are four words:Front. Office. Buy. Side.From the company's perspective, ask yourself this question: why should I pay a cost center high salary/bonus? They are not producing any revenue.Best bit of advice, find out all revenue generating groups and t...
by psibladeZX
March 4th, 2015, 3:17 pm
Forum: Careers Forum
Topic: Leave or Stay
Replies: 35
Views: 10446

Leave or Stay

<t>QuoteOriginally posted by: ThinkDifferentQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: punkfanatic3000Yes in Model Val. The problem is a lot about discussion on process rather than getting things done.my guess is BofAit's not that bad over here....Are you at BofA? Send me a quic...
by psibladeZX
February 20th, 2015, 5:49 pm
Forum: Careers Forum
Topic: Career choice
Replies: 9
Views: 7780

Career choice

but you make less money. The only thing that counts in life. Other than T&A
by psibladeZX
February 20th, 2015, 5:48 pm
Forum: Careers Forum
Topic: Master's Student, Looking for Career Pointers
Replies: 2
Views: 6177

Master's Student, Looking for Career Pointers

Best advice: FRONT. OFFICE. BUY. SIDE.if not buy side, then front office at a tier 1 bank. Only do Sales, Trading, or Investment Banking. Never do back or middle office.
by psibladeZX
February 20th, 2015, 5:35 pm
Forum: Careers Forum
Topic: MS Phone interview help please
Replies: 1
Views: 4366

MS Phone interview help please

<t>These interviews all depend on the actual person you talk to. You have to have instant and total recall of everything you ever learned and know the answer as soon as the question is asked.I've done several phone screens with MS's strats/modeling teams and here are some of the questions I got:1. G...
by psibladeZX
February 20th, 2015, 5:20 pm
Forum: Careers Forum
Topic: Is it still possible to get FO jobs without experience?
Replies: 1
Views: 4941

Is it still possible to get FO jobs without experience?

<t>Going FO is 99.9999999% who you know, how high up they are, and how influential they are.Also, it could be that you just didn't pass the interview.In my experience, you have to answer every question 100% correctly. When interview books and recruiters say that interviewers want to "see your though...
by psibladeZX
February 20th, 2015, 5:10 pm
Forum: Careers Forum
Topic: Moving on / Job switching from trading career
Replies: 1
Views: 4745

Moving on / Job switching from trading career

Why the hell would you ever want to leave being a revenue generator dude?I'm a model validation quant and would kill to be on a trading desk.
by psibladeZX
February 20th, 2015, 4:58 pm
Forum: Careers Forum
Topic: How to get a desk quant job if you're in the back office tech?
Replies: 27
Views: 14772

How to get a desk quant job if you're in the back office tech?

<t>Going to resurrect this thread with some new questions...I ended up leaving the tier 1 bank where I was doing credit risk reporting to go to an index provider (weird, I know). This ended up being even less quantitative than anything I've done. All their "models" were in Excel. I have no idea why ...
by psibladeZX
March 17th, 2014, 7:53 pm
Forum: Careers Forum
Topic: Suckby-Jerkings: Non-Liking
Replies: 16
Views: 8450

Suckby-Jerkings: Non-Liking

<t>They've only ever gotten me one proper FO quant interview. I flubbed it after the recruiter told me to focus on stochastic calculus and I was asked completely different questions for which I was unprepared.Most recruiters will see your profile (e.g. you're in risk) and will NOT contact you for pr...
by psibladeZX
March 11th, 2014, 7:52 pm
Forum: Careers Forum
Topic: How to get a desk quant job if you're in the back office tech?
Replies: 27
Views: 14772

How to get a desk quant job if you're in the back office tech?

<t>QuoteOriginally posted by: liamI've just read through the comments below - question is have you tested the networking or internal waters at your firm? I've never actually moved internally myself, but have networked internally and if you explain your situation to another department head you'll pro...
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