Right now whos safe(est)?

subprime · January 15th, 2009, 12:30 pm

Hi all, So given the gloomy scenario who is the safest in quant finance/derivatives right now? Is it the people in Banks, Hedge funds or the prop shops? Or is there something else?Im asking for people at the entry level.To me it looks like all the banks are in firing mode and that definitely does not look as safe. But then, the focus seems to be on firing relatively senior people while retaining people just hired.I have no idea about hedge funds or some of these prop shops, e.g the DRWs and GETCOs of chicago.

dkldn · January 15th, 2009, 2:14 pm

I once posted a question (http://wilmott.com/messageview.cfm?cati ... adid=67197) asking why big banks are shutting down prop trading desk, but prop shops are actually recruiting. even many high profile hedge funds are making big losses. I also want to know the general remuneration and stability at prop shops.