Thanks both for your replies.punkfanatic - sounds about right.Dominic -Quote1: What, exactly will you be doing at SD ? Some of the work will be modelling, some will be understanding the fine details of this area, etc.Working on (i.e. coding) derivatives pricing products that they sell to clients (banks/funds), and handling requests from clients etc. Unsure of further details. I think I'd be expected to handle/code many asset classes, hence why I thought this might be an interesting - though perhaps unglamorous - first job in finance.Quote2: What is your background ?No job in a systems house will get you to be a quant if you haven't got the maths.PhD Physics, currently a post-doc. I'm aiming for jobs at 'quant funds' at the moment as my first choice. But I'm only willing/able to invest X of my time and energy in getting that, and the probability is low since every man and their dog is going for these roles, it is a function of X but also of many known and unknown variables I have no control of. So thinking of financial s/w companies as a possible plan B. Though might just go for something totally different. I could probably phone people up and try to sell them s/w stuff, but that's not ideally what I'd be doing in 3-5 years time.Quote3: The last and hardest to determine is the demand for IPF in 2-3 years time. If it is high, then the suck will pull in people and the chances of getting a job will go up.Seems like there is still a downward trend in exotic derivatives and complicated things in general, but an upward force from regulatory pressures, though I might just be making this up?