Hi Guys,Any ideas of the financial consultant position in Murex?What's the career path? I interviewed with them, the head of the team does not know what is eigenvalue... but insisted to challenge me about pca...

Given what you stated, how does career path matter?

hi ArthurDent,What does that mean? I guess you mean it's a negative job ,right?I'm thinking it's not quanty, but maybe it is a path to front office? because the system's client is direct front office.

Would be surprised if you end up in FO - but could be wrong. This can be very good - if you have specialised knowledge you can make a reasonable amount of money, see the world, have a large number of clients...However the forturnes of you career are tied to the product - if the product is pulled - becomes unpopular so can your skills and hence career.

QuoteOriginally posted by: wpjwpjggHi Guys,Any ideas of the financial consultant position in Murex?What's the career path? I interviewed with them, the head of the team does not know what is eigenvalue... but insisted to challenge me about pca...This is a straight, unaviodable, direct, semi-express route to hell. It would be fully express if it were a quant job there.

QuoteOriginally posted by: rmaxHowever the forturnes of you career are tied to the product - if the product is pulled - becomes unpopular so can your skills and hence career.I have two friends working in IT for two different banks working on replacing Murex with an internal system because according to them it's crap.

QuoteOriginally posted by: HansiQuoteOriginally posted by: rmaxHowever the forturnes of you career are tied to the product - if the product is pulled - becomes unpopular so can your skills and hence career.I have two friends working in IT for two different banks working on replacing Murex with an internal system because according to them it's crap.Exactly what I was going to say. Murex is bad, really bad. The analytics are a joke. No big banks want to use it and are busy replacing it with in-house systems. The ones that do use it are generally using it for BO stuff. Its not going to take you to FO (quite the opposite actually).

I am always dubious about this... its the "we can reinvent a whole trading system in a year" and do it better than a 10 year developed product....I suspect its more about developing one's IT empire- the more people you hire the more you get paid...

Also, depending on your location, you could end up working as a consultant for small or regional banks -- not exactly amazing

QuoteOriginally posted by: rmaxWould be surprised if you end up in FO - but could be wrong. This can be very good - if you have specialised knowledge you can make a reasonable amount of money, see the world, have a large number of clients...However the forturnes of you career are tied to the product - if the product is pulled - becomes unpopular so can your skills and hence career.Thanks for your feedback,This is a post I found through wilmott, looks like it's a path to front office. Any suggestions or comments? link: http://www.wilmott.com/messageview.cfm? ... d=60445I'm just curious what people end up with...

QuoteOriginally posted by: wpjwpjggQuoteOriginally posted by: rmaxWould be surprised if you end up in FO - but could be wrong. This can be very good - if you have specialised knowledge you can make a reasonable amount of money, see the world, have a large number of clients...However the forturnes of you career are tied to the product - if the product is pulled - becomes unpopular so can your skills and hence career.Thanks for your feedback,This is a post I found through wilmott, looks like it's a path to front office. Any suggestions or comments? link: http://www.wilmott.com/messageview.cfm? ... d=60445I'm just curious what people end up with...It was a different time then... People were still quoting from pre crash experience, in fact despite the fact the crunch was rolling already then disaster had not fully struck yet...Nowdays there are so many out of work traders/sales/structurers there's no need to tap someone good on analytics but short on experience...

QuoteOriginally posted by: ashkarExactly what I was going to say. Murex is bad, really bad. The analytics are a joke. No big banks want to use it and are busy replacing it with in-house systems. The ones that do use it are generally using it for BO stuff. Its not going to take you to FO (quite the opposite actually).You can hook up your own analytics to Murex and use it as a front-end. It's still a crap UI, but the prices will be all right.

QuoteOriginally posted by: wpjwpjgghi ArthurDent,What does that mean? I guess you mean it's a negative job ,right?I'm thinking it's not quanty, but maybe it is a path to front office? because the system's client is direct front office."I interviewed with them, the head of the team does not know what is eigenvalue... but insisted to challenge me about pca..."the problem is not the first part, it is the second part...better to keep mouth shut and let others suspect you are a fool than open it and prove them right.you are better off not working than getting stuck in a team headed by a guy who has no clue of when to stop talking.

QuoteOriginally posted by: EscapeArtist999QuoteOriginally posted by: wpjwpjggHi Guys,Any ideas of the financial consultant position in Murex?What's the career path? I interviewed with them, the head of the team does not know what is eigenvalue... but insisted to challenge me about pca...This is a straight, unaviodable, direct, semi-express route to hell. It would be fully express if it were a quant job there.Bingo!