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lonestar5
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Joined: September 13th, 2010, 8:58 pm

Job search as experienced candidate

April 19th, 2016, 7:17 pm

After working seven years at my current firm, I am facing possibility of redundancy at the end of this year. Never needed to look for a job before. Bit terrified and don't know where to start. Can I have a bit of advice please? Summary of my background:- Engineering PhD from a top 3 or so US institution- 5 years experience in a trading role in structured credit in a top european bank. Worked on large and complex transactions. Priced and risk managed.- 2 years experience as a portfolio manager on the buy side of the same bank. Managed a small portfolio of alternative investments.- Currently a DirectorThe portfolio I am currently managing will be liquidated at the end of the year as the main investor had a change of strategy. So I have a few months to find a new job. As my experience above is in rather niche asset classes, I worry that my experience won't help me land a new job. Hence I am considering moving into quantitative strategist type roles. Currently I am reviewing books on statistics/econometrics and some Python. My questions:- Should I be getting in touch with headhunters or directly applying through banks/funds' websites? If through headhunters, which ones?- I worry that my seniority (Director) will hinder me from making a lateral move into a different area. In order to get a job as a quant strat, I am happy to get demoted for a few years until I gain experience. However, I don't want recruiters to ignore me once they see that I am a director. Would it help if I remove my seniority from CV?- In parallel, I also want to look for jobs as a portfolio manager in buy side firms. Any search firms that would help me on this? Should I be sending my CV to multiple search firms and see who bites?
 
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cryptic26
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Joined: February 18th, 2002, 9:39 am

Job search as experienced candidate

April 20th, 2016, 2:54 pm

yes, get in touch with head hunters. Go to some meet ups like bloomberg seminars and try to interact with some people. Introduce yourself and see if you can grab a coffee with anyone later to talk more in detail about you. But there are some good recruiters out there - I know a few but there are also the ones like GQR, selbyjennings - big names. Just shoot your resume and see where it lands. If you think director will come in the way, then remove the business title. Just write your functional title. A good recruiter would be able to guide you through all these. Ideal quant strat role could be at GS where there is technically no director role. Most are VP and then a few become MD. So your title wont come in the way.
 
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lonestar5
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Joined: September 13th, 2010, 8:58 pm

Job search as experienced candidate

April 20th, 2016, 6:44 pm

Cryptic26, thank you for this advice and positivity. Much appreciated.If there is any chance you could tell me some good headhunters, I would really appreciate. Otherwise that's fine as well.