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Job in Trading or Higher Education

Posted: May 13th, 2011, 6:39 am
by kuberkhan
Hi All,I got a job offer in Commodities Trading through a friend of mine (I worked with him to publish a paper on volatility trading but that did not go to completion). I asked him if the job is like a Quant developer. He said, 50% of the time, you'll be trading and the other 50% will be working on writing code for algorithmic trading. They need someone urgently, who can learn Volatility trading and perform and who has programming experience. Now I have a couple of interviews scheduled with them in the next few weeks. My ultimate goal is to work in Front office which I'm getting right away. Should I defer my admit by an year or two and join the company? I'll get work experience which is of greater value than a degree from a premier college.Pros:1) Work experience in Trading and market making2) Save a huge tuition feeCons:1) This is my final attempt at MFE education.2) My back ground is Engineering and worked in IT most of my career. Should I get proper finance education before I venture into markets?

Job in Trading or Higher Education

Posted: May 13th, 2011, 7:34 am
by Hansi
I recommend taking the job. You will learn infinitely more on the job than in any class room. Just self study the topics that will help specifically in that job once you get started. If you then decide to go back and do a MFE you will be much more employable once you finish with the work experience on your CV.

Job in Trading or Higher Education

Posted: May 13th, 2011, 8:08 am
by DevonFangs
If you succeed (you say you have some other interviews on their way), take the job!Comparing my personal experience with others, 1 year work exp was more effective than a PhD in getting to the interviews (and eventually to a serious job).

Job in Trading or Higher Education

Posted: May 13th, 2011, 10:39 am
by ArthurDent
If you can get a job in Commod trading, there is no need to enroll for MFE. In a couple of years you will know enough to _teach_ at any MFE.

Job in Trading or Higher Education

Posted: May 13th, 2011, 8:46 pm
by QuantOption
QuoteOriginally posted by: kuberkhanShould I defer my admit by an year or two and join the company?it's crazy that you even think about it

Job in Trading or Higher Education

Posted: May 14th, 2011, 2:38 pm
by skint101
QuoteOriginally posted by: QuantOptionQuoteOriginally posted by: kuberkhanShould I defer my admit by an year or two and join the company?it's crazy that you even think about itIt's hardly crazy to take a few moments to contemplate an important decision.