Serving the Quantitative Finance Community

Search found 73 matches

by jimmycarter
June 10th, 2007, 2:15 am
Forum: Careers Forum
Topic: Should I sue?
Replies: 44
Views: 75458

Should I sue?

<t>I would think if your wife sues her advisor, although it may give her some anger relieve, in the long run it will definitely cost more harm to her career. (If she can get a lot of money from that then that is another issue.)Things like this happen very often in any industry. The only thing your w...
by jimmycarter
April 6th, 2007, 11:53 pm
Forum: Careers Forum
Topic: what is "front office"?
Replies: 21
Views: 77765

what is "front office"?

<t>In my bank, mid office means product control. Product control usually are accountants and they are not technical. Their responsibility is to calculate the traders PnL. Every day the computer system will calculate how much is the change of MTM and also the risk of the traders. Usually a bank will ...
by jimmycarter
April 6th, 2007, 10:51 pm
Forum: Careers Forum
Topic: what is "front office"?
Replies: 21
Views: 77765

what is "front office"?

<t>The whole question really depends on your definition of "front office".Strictly speaking, front office means those people who have a PnL budget. Therefore, only the traders and sales are front office on the trading floor.Quants are similar to research. Research does not have a PnL budget. Therefo...
by jimmycarter
April 6th, 2007, 2:40 pm
Forum: Careers Forum
Topic: To move or not to move?
Replies: 3
Views: 75277

To move or not to move?

<t>I have got an offer from another bank recently. The new job's role is much better than the existing one, and is extremely close to business. At the same time, I really like the bank I am working in. I have got good colleagues. I have also got good relationship with the traders, and they look afte...
by jimmycarter
March 30th, 2007, 2:38 pm
Forum: Careers Forum
Topic: salary negotiation
Replies: 12
Views: 77496

salary negotiation

<t>Usually how long does it take for a (big) bank to give an offer after salary negotiation? A few days ago the headhunter asking me what is my expected salary after I have gone through all the interviews with that bank. The agent also told me the mangers are very happy with my performance in the in...
by jimmycarter
February 26th, 2007, 1:01 pm
Forum: Careers Forum
Topic: Advice on moving to Tokyo
Replies: 29
Views: 84296

Advice on moving to Tokyo

a question may not be related. is there any good headhunter in tokyo?
by jimmycarter
February 25th, 2007, 12:30 am
Forum: Careers Forum
Topic: Asia opportunities
Replies: 9
Views: 79526

Asia opportunities

<t>It is not outsourcing.It is about the managers now hiring people directly from China to work in Hong Kong and Singapore.Hong Kong and Singapore are very special places. Hong Kong and Singapore local people are very business oriented, but rarely techncial.Nowadays, many of the technical staff are ...
by jimmycarter
February 24th, 2007, 12:43 am
Forum: Careers Forum
Topic: Asia opportunities
Replies: 9
Views: 79526

Asia opportunities

<t>You need to be careful about moving to Hk or Singapore. Cheap labour from China is getting into finance in HK or Singapore now. Recently my banks has hired loads of people from China doing quant work and paying them with IT payscale. Once those cheap Chinese labour settled in and do the job equal...
by jimmycarter
February 21st, 2007, 2:52 pm
Forum: Careers Forum
Topic: Money
Replies: 8
Views: 80058

Money

<t>QuoteOriginally posted by: ldnJunior Quant Developer at Morgan Stanley vs Junior Quant in a 3rd tier bankIt is said that this quant developer role splits 50/50 time reporting to IT/Business. But, it is based in IT.The second option is for a pure quant role based in a 3rd tier bank.Any suggestions...
by jimmycarter
September 8th, 2006, 2:44 pm
Forum: Careers Forum
Topic: So where to go from here?
Replies: 3
Views: 94258

So where to go from here?

Thanks for sharing your experience.When you were a quant, did you work closely with traders? Also, according to your experience, how much money can a flow trader earns?
by jimmycarter
September 8th, 2006, 2:40 pm
Forum: Careers Forum
Topic: Choose one among 3 FO positions
Replies: 12
Views: 95691

Choose one among 3 FO positions

in that case, i would not choose a french bank unless I can socialise with French people very well (not just speak their language fluently).
by jimmycarter
September 7th, 2006, 1:34 pm
Forum: Careers Forum
Topic: Choose one among 3 FO positions
Replies: 12
Views: 95691

Choose one among 3 FO positions

<t>I would think if you are a French, you should choose a French bank, espeically if the manager of the team is also a French.It has been said that a champion jockey may not necessary be the one who has the best skills, but he is definitely the one who knows how to position himself to get the best h...
by jimmycarter
September 7th, 2006, 1:09 pm
Forum: Careers Forum
Topic: Trading
Replies: 8
Views: 94748

Trading

<t>I am a quant and I want to be a trader.I would think if (1) I get on well with the traders; (2) they give me meaningful tasks to do like calculating arbitrage opportunties; (3) I do these tasks well; and(4) I am not too old, I always have a good chance to get an internal transfer to trading when ...
by jimmycarter
August 22nd, 2006, 11:40 pm
Forum: Careers Forum
Topic: HH1 asked me about the information of the groups where HH2 sent my resume to
Replies: 10
Views: 95973

HH1 asked me about the information of the groups where HH2 sent my resume to

<t>Most likely HH1 will send his candidates to compete against you for that position.When HH2 finds out you leak the position to HH1, he will persuade you to tell him what interviews HH1 has arranged for you.Finally, when HH1 and HH2 find out that you leak the secrets to other companies easily, they...
by jimmycarter
August 21st, 2006, 4:32 am
Forum: Careers Forum
Topic: Hedge Fund question!
Replies: 27
Views: 98618

Hedge Fund question!

<t>I have worked with a few hedge fund before. In general, working in a hedge fund is for more experienced people. It is more suitable for people who want to apply their experience rather than gain experience. Also, a lot of crooks are working in this industry. If you join the wrong firm, you may ha...