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by GaleMartin
October 1st, 2014, 7:51 pm
Forum: Careers Forum
Topic: Funds Trading News
Replies: 4
Views: 4683

Funds Trading News

<t>I believe many of medium to large cap funds are running some sort of a macro strategy. I don't think it would make sense to restrict your reach to niche funds. If you believe you have some useful skills, talk to a few head hunters, or send your cv directly with a cover letter, specifying what the...
by GaleMartin
October 1st, 2014, 7:38 pm
Forum: Careers Forum
Topic: Tier 2 Model Validation - Good place to start?
Replies: 26
Views: 9049

Tier 2 Model Validation - Good place to start?

<t>If you are in no hurry, don't take this offer. Though, paradoxically, model val could be more aligned to your current skill set (more advanced math and potentially less programming), it doesn't seem you would enjoy it long term, and it would certainly affect your career path. You were right sayin...
by GaleMartin
October 30th, 2013, 3:46 pm
Forum: Careers Forum
Topic: From Central Banker to Quant?
Replies: 15
Views: 8880

From Central Banker to Quant?

<t>QuoteOriginally posted by: jimmybobAre you kidding? The average UK salary is around 27k and the vast majority of families (even in London) are surviving apparently on a lot less than 60k.I'm not saying it's impossible, but if you try, you will realize you need a certain mindset to do that. Basica...
by GaleMartin
October 30th, 2013, 2:09 pm
Forum: Careers Forum
Topic: Headhunter motivation
Replies: 10
Views: 8024

Headhunter motivation

<t>QuoteOriginally posted by: barnyThey usually get around 20% of your total first year compensation, including bonuses and benefits. So yes, they do take a % of your bonus, in a round-a-bout way.That's quite substantial. Place 5 people in a year and you can relax more or less. Well, at least it giv...
by GaleMartin
October 30th, 2013, 2:02 pm
Forum: Careers Forum
Topic: From Central Banker to Quant?
Replies: 15
Views: 8880

From Central Banker to Quant?

QuoteOriginally posted by: DevonFangsyou can live ok on 60k if you don't have any kidsSome people keep telling me you can live on that even as a family. But you definitely need a certain personality type to do that.
by GaleMartin
October 29th, 2013, 7:07 pm
Forum: Careers Forum
Topic: Headhunter motivation
Replies: 10
Views: 8024

Headhunter motivation

QuoteOriginally posted by: katastrofaIt depends, but I'd say at least £10k.At least 10k difference to have a material impact?
by GaleMartin
October 29th, 2013, 4:08 pm
Forum: Careers Forum
Topic: From Central Banker to Quant?
Replies: 15
Views: 8880

From Central Banker to Quant?

<t>In London, depending on the place and position it should be anything between 60-100K GBP. Could be closer to the higher end or more if they specifically value your experience. If you are a part of a trading team, you would usually get some bonus as well. This can be widely variable starting from ...
by GaleMartin
October 29th, 2013, 3:55 pm
Forum: Careers Forum
Topic: From Central Banker to Quant?
Replies: 15
Views: 8880

From Central Banker to Quant?

<t>Your background is suitable, especially for a stat-arb or global macro group. I would suggest getting in touch with a few headhunters (through their postings or directly) and then see what they think. If they are not that interested, look out for direct vacancies on the funds' websites. That said...
by GaleMartin
October 29th, 2013, 3:43 pm
Forum: Careers Forum
Topic: Headhunter motivation
Replies: 10
Views: 8024

Headhunter motivation

Also, what's the typical percentage of fix they take? To have an idea of how big the difference in compensation should be for them to care.
by GaleMartin
October 29th, 2013, 3:02 pm
Forum: Careers Forum
Topic: Headhunter motivation
Replies: 10
Views: 8024

Headhunter motivation

<t>QuoteOriginally posted by: barnyIf the compensation is the same, and you have an offer on the table, then he doesn't give a flying fuck about helping you get your dream position. If it's a choice between Natwest trader and Goldman trader then he might help you push for the latter, since he will g...
by GaleMartin
October 29th, 2013, 2:26 pm
Forum: Careers Forum
Topic: Headhunter motivation
Replies: 10
Views: 8024

Headhunter motivation

<t>Some input is needed from people's experiences with headhunters. Consider the following hypothetical situation. A candidate C is getting an offer from a place P through a headhunter H. However, the position and place P may not be what C had ideally hoped for. And it's not just the compensation pa...
by GaleMartin
September 17th, 2013, 2:30 pm
Forum: Careers Forum
Topic: Looking for advice on career move
Replies: 5
Views: 7483

Looking for advice on career move

<t>Totally agree with you, these are more or less the lines along which I was assessing the options. I guess I was expecting some input regarding what people think about potential usefulness of the skills in each role. Like I understand that advancing within a bank would be mostly about tenure and p...
by GaleMartin
September 17th, 2013, 11:28 am
Forum: Careers Forum
Topic: Voluntary redundancy
Replies: 22
Views: 11680

Voluntary redundancy

<t>QuoteOriginally posted by: katastrofaIt's better to make them pay to get rid of you, unless you are quitting for another job and want to avoid risk.A related question: what if they actually don't want to pay to get rid of you? Assume they are just kind of saying: "ok, you can go now, good luck" I...
by GaleMartin
September 17th, 2013, 9:49 am
Forum: Careers Forum
Topic: Looking for advice on career move
Replies: 5
Views: 7483

Looking for advice on career move

<t>I've come to a point where my tenure with my current employer is coming to an end. I was in a team doing HF trading at a HF, and considering available options for the next move. Another input is that I'm still fairly junior, <3 years experience. I would appreciate your pro/con opinions about poss...
by GaleMartin
July 5th, 2012, 10:23 am
Forum: Careers Forum
Topic: Need advice for trader.
Replies: 17
Views: 14556

Need advice for trader.

QuoteOriginally posted by: EscapeArtist999Fine, Kyrgyzstan, he still NEEDS to work on his English or brush up on his Russian and try get to Moscow (tip of the hat to Tory Dave here)I'm afraid Moscow may be a bit too competitive now for people of his descent