So, where do all bachelors and masters in econometrics end up in the end? I agree that such a complex discipline asks for rigor and much more effort and knowledge than few courses at the university, but all those undergrad and master degrees in econometrics must serve some purpose, don't they?

<t>Thanks, Dominic, for all your advices QuoteOriginally posted by: DominicConnorArthurDent is right, a factor in the following decades of your career is what you learn in your early jobs. It's good for the ego to be the most clued up in the room, but bad for your education which doesn't stop when y...

<t>QuoteOriginally posted by: ArthurDentQuoteOriginally posted by: AlanFordI don't understand why being the most clued up person in my team in my first job should be a problem. I will simply be very polite and considerate towards my supervisors and progress as fast as possible.If you are the smartes...

<t>QuoteOriginally posted by: DominicConnorPeople do make it from the intelligence community into banks, my work means that I know this for a fact.A big problem is that the quality of the research produced by intelligence agencies is often of such poor quality that even when secret it is funny enoug...

<t>My facebook adress is hotmail. Some time ago Facebook had repeatedly been asking for my hotmail password so that they could invite to FB all my contacts from hotmail account. Although I ignored the request for a long time, suddenly FB started suggesting me to invite all my hotmail contacts (by na...

<t>QuoteOriginally posted by: LTrainIt depends on your specific role in the agency. One of the problems doing classified govt work is that your next job can be extreemly difficult to find. You cannot tell anyone about your work experience. (it's classified)A lot of jobs in the Agencies are routine c...

<t>As a graduate in finance, I have been looking for a job in finance industry for last 2 years, but without success. Now, a governmental intelligence agency from an eastern european country offered me a job in business intelligence. I find such a career very interesting, but I am concerned about th...

<t>QuoteOriginally posted by: FermionIf the market is sufficiently liquid that a mark-to-market value exists, then a "held-for-sale" asset valued at market will be sold immediately. Otherwise it must be valued higher than market value and T4A's virtual call will also be valued higher. In general, if...

Thanks PCG. Sorry for delayed response. OK, interest rate risk for banking book is dealt through Asset/Liabilites Mgt. and its various techniques, and, as you say, additional regulatory capital in the future. But, I still don't understand why commodity risk is calculated throughout the bank.

<t>QuoteOriginally posted by: Traden4AlphaQuoteMy point is that liquidity is largely an illusion. What people fail to appreciate is that ALL held-for-sale assets carry an implicit short call option in addition to the asset (i.e., a covered call). The short call leg exists because the asset holder gr...

<t>The risks subject to this requirement are:1. The risks pertaining to interest rate related instruments and equities in the trading book.2. FX risk and commodities risk throughout the bank.These lines above are copy from Basel II Accord. However, I don't see the logic behind them. Shouldn't intere...

<t>QuoteOriginally posted by: ZubSorry folks, not that I don't share some agreement on the points raised so far. However here is a (partially provocative) question I would like to ask to all the people claiming they all said in the past that copulas were evil, far too complicated tools and credit mo...

<t>Thanx everybody. I hope technicals will not show up because I hate speaking about them on the phone.KockToodles, trading generally doesn't require knowledge of economics. In the matter of fact, I think any knowledge of economics can only hurt me because I might get married to my "knowledge" and "...

Hi, I will have a phone interview for analyst position in trading (graduate programme) in one of big banks.Can anyone tell me if graduate recruiters generally ask technical questions or they concentrate on competency/motivational aspect for phone interview?Thanks

<t>QuoteOriginally posted by: quantumarThat's front running not necessarily quantitative order flow analysis. One of our clients do that (he has good connections), he has almost 100% success rate but trading is not very often. These days big funds who trade FX know that bank traders or other funds w...