Advice needed for greenhand

MMKKMK · December 16th, 2014, 5:19 pm

Hi there,I am about to chose an offer for my next year Internship in LDN. I've got A HFT, several BBs.All of them are quant offcycle internship and in which team are not precised yet now. I see that HFT should obviously be the best among all. But I'm kind of worried that for a newbie like me who knows nothing about HFT, would it be too harsh a place to start my career? Otherwise for banks, internships is always followed by the job and it seems like more stable..Can anyone make any suggestion?Thanks in advance.

ArthurDent · December 17th, 2014, 4:01 am

Go to buy side as long as it in in trading and not in ops or IT or some other back office support.Sell side is heavily regulated, and in any case after a few years you'll want to go to buy side for the money and the smarter people.

rmax · December 17th, 2014, 7:47 am

QuoteOriginally posted by: ArthurDentGo to buy side as long as it in in trading and not in ops or IT or some other back office support.Sell side is heavily regulated, and in any case after a few years you'll want to go to buy side for the money and the smarter people.How times have changed!

Marco72 · December 17th, 2014, 9:54 pm

QuoteOtherwise for banks, internships is always followed by the job [...]

bearish · December 18th, 2014, 12:17 am

QuoteOriginally posted by: rmaxQuoteOriginally posted by: ArthurDentGo to buy side as long as it in in trading and not in ops or IT or some other back office support.Sell side is heavily regulated, and in any case after a few years you'll want to go to buy side for the money and the smarter people.How times have changed!I was thinking the same thing myself. It is of course not the whole truth, but I would not aggressively dispute it.

MMKKMK · December 18th, 2014, 5:35 am

You guys mean?

MMKKMK · December 18th, 2014, 5:37 am

QuoteOriginally posted by: Marco72QuoteOtherwise for banks, internships is always followed by the job [...]I know that sounds not true but all my friends are doing like that...

Hansi · December 18th, 2014, 7:40 am

QuoteOriginally posted by: MMKKMKQuoteOriginally posted by: Marco72QuoteOtherwise for banks, internships is always followed by the job [...]I know that sounds not true but all my friends are doing like that...I think what he means is that an internship does not guarantee you a spot on the grad program any more let alone a non-grad position.I don't really pay much attention to this stuff but have heard someone mention that 20-30% of our interns go on to the grad program.

DominicConnor · December 18th, 2014, 8:14 am

As Hansi says, an interview is basically a long job interview.Obviously they like you, else they wouldn't be taking you on, but even if they like you after they know you better they have to get headcount approval.

ppauper · December 21st, 2014, 1:28 pm

QuoteOriginally posted by: DominicConnorAs Hansi says, an interview is basically a long job interview.Obviously they like you, else they wouldn't be taking you on, but even if they like you after they know you better they have to get headcount approval.I take it you mean an internship is basically a long job interview