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New grad job offer

Posted: April 11th, 2010, 9:50 pm
by kungfupanda
Hello Wilmotters,I am about to graduate and I have received an offer for a job which deals with financial markets in an indirect way. The firm provides risk management solutions to trading firms and banks. There would be some statistical modeling involved(i have a numerate graduate degree) and quite a bit of programming using tools such as Matlab/SAS/R/SPLUS. The money is not great.My ultimate goal is to be a quant analyst within a trading group and possibly develop trading strategies using statistical techniques. I have read Wilmott's book on QF in quite some detail and am continually improving my skills related to finance. I know C++, not at a level that is expected by Dominick, but I am trying to improve.1. Would it be a good idea to take up the current offer knowing that it does not need C++? 2. Could the current job help me transition into a quant role later in my career? 3. If I do not take this up, I might end up being unemployed by the time I graduate. Would I be less attractive to potential employers if I am not employed somewhere when I am looking? Thanks,Panda.

New grad job offer

Posted: April 13th, 2010, 7:05 am
by ACD
My 2 cents...Is the position client facing in any way? In my experience if you face clients a lot and are good they will try to poach you from the company once you build up a relationship with them (these type of companies normally lose a lot of their staff to clients, which is a useful way of keeping their clients using their product). Beyond that I think that you can build up useful practical experience which will make you more appealing as a candidate to potential employers in a quant risk related role at a hedge fund or bank, but head hunters will probably see it as a negative that you don't have direct experience in dealing with a trading enviroment.If you don't want to do risk as a career then I'd pass on the role.

New grad job offer

Posted: April 13th, 2010, 5:16 pm
by kungfupanda
Thanks ACD. I would not be directly interacting with clients. Some of the skills that would be developed would in the area of time series analysis/econometrics and VaR type analysis. Another general question to the forum members.How would one's initial salary affect the trajectory of one's salary over one's lifetime? For example, if I am successful in shifting to a risk quant role, would my pay package be limited by what I was earning previously. I am sure many people here have a lot of experience with salaries here.

New grad job offer

Posted: April 16th, 2010, 8:18 pm
by kungfupanda
bump :-|