would u join GS products control or some random place like Mitsubishi UFJ Securities Equity Derivatives Trading if u wanna do equity derivs trading in the future?all positions in japan

All other things being equal it is easier to change the level of bank than the career track you are following.Thus I'd go for Mitsubishi.This assumes some things of course, including that you "have what it takes" to go in your chosen direction. A little time of silent contemplation and self analysis is called for in that context.If you decide to go for Mitsubishi, then since you have a hedge, pursue volatility by tell GS that you are turning them doen because the job isn't right for you.Odds are that they will fold at this point, but there is a non ze o chance they find something better for you, which you should not waste.

Mitsubishi UFJ is not unknown! and especially if this position is in japan...

Agreed "Unknown" is a tricky term, especially at entry level.Some firms enjoy a high profile for reasons that are of no relevance to the aspiring quant, such as a retail operation which of course makes the name more familiar.DE Shaw for instance is often a completely new name to many when they first start looking.The aspect of "brand" that matters is what people who live in financial markets think, when they look at your CV for the job you want when you leave this one.

it that firm even known outside of japan?

middle bonus=% of your salaryfront bonus=XXXs of your salaryAt the end of the day, that is all that matters!:-)

Yes Mitsubishi is known outside of Japan...

QuoteOriginally posted by: DCFCAgreed "Unknown" is a tricky term, especially at entry level.Some firms enjoy a high profile for reasons that are of no relevance to the aspiring quant, such as a retail operation which of course makes the name more familiar.DE Shaw for instance is often a completely new name to many when they first start looking.Only to pimps .

Ah, so you heard that story ?In mitigation I have to say DE Shaw were new in London, I'd never heard of them, so I turned them down.

so do you really think going for a local securities firm like mitsubishi ufj securities doing front office derivatives would be better than doing products control at goldman sachs? given that i will like to do derivatives trading in a higher firm and remain in japan in the future?

Mitsubishi is one of the biggest banks in the world! Look at http://en.wikipedia.org/wiki/BankingTop ten banking groups in the world ranked by shareholder equity ($m)The 2006 bank atlas was compiled from commercial banks’ annual reports and financial statements for 2006 and 2005.[4] Figures in U.S. dollarsRank Country Company Shareholder equity ($m) 1 United States Citigroup 112537 $mln 2 United States JPMorgan Chase 107211 $mln 3 United States Bank of America 101224 $mln 4 United Kingdom HSBC 98226 $mln 5 Japan Mitsubishi UFJ Financial Group 83281 $mln 6 France Credit Agricole Group 65137 $mln 7 United Kingdom Royal Bank of Scotland Group 64453 $mln 8 France BNP Paribas 56610 $mln 9 Spain Banco Santander 53640 $mln 10 Japan Mizuho Financial Group 52243 $mln

but its investment banking business (ie mitsubishi ufj securities) isnt as strong as its commercial banking business and very local, mostly does business with japanese entities overseas in its international offices. even it is a huge bank, i dont see the securities arm being able to compete outside of japan and with global firms inside japan in the more exotic derivatives markets. btw, where are the chinse banks in the top 10 list?

QuoteOriginally posted by: mitbtw, where are the chinse banks in the top 10 list?Very high, but this is because the Shanghai market is overvalued which inflates the valuation of the banks. Mainland Chinese banks aren't being that aggressive in hiring, but the people who are hiring are the mutual fund companies, who are really looking for people with portfolio management experience.

surely Mitsubishi must have a somewhat decent rep in japan, and if you intend to stay there isn't that all that really matters ? seems eqv to working at somewhere like barcap in the uk, decent enough rep in london, but not really known anywhere else.

but the pay is half that i can get in a foreign firm...and there is no gym