Moving to the buy side
I'm a "quant" on the algo desk at a non-BB. I say "quant" because we don't really build fancy statistical models (although I'd have loved to do that), instead we just pull numbers and crunch data 24/7.
Given the mundane nature of this work, I'm already bored and don't really feel challenged by it. Thus, wanting to switch over to the buy-side.
How did you move from the sell side to the buy side? Is networking important? Whom to reach out to? Is having a PhD or a conventional quant experience (regression etc) absolutely required or do some firms just take the chance and see how the candidate does in the interviews? Also, since mine is a non-BB and a non-risk taking role, would it be more realistic for me to consider moving internally or to anotherBBin a risk taking role first, preferably on a macro product? Any other inputs would be valuable too.
I don't really want to go to anHFbecause of the high turnover and the fact that my career would depend on my PM's performance, not just my own. But I've someMMpods retain their QR's even if the PM is let go - those could be viable.
I'm more interested in the prop side, even though it's just as risky, but at least my career would depend on my own performance (for the most part?).
How about switching over to IB? Is that even doable?
Happy to hear from the community :)
Comments (1)
Quia maiores unde aut ipsam minima eum sit. Quo aut ut molestiae quis voluptatem. Saepe deleniti aut recusandae eos doloribus qui nobis. Voluptas et repudiandae ut sint ex.
Non corporis voluptas asperiores dolorum iusto. Voluptatibus ea ea veniam. Velit eos qui qui sapiente sit maxime. Et facere eaque non nostrum qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orWant toUnlockby signing in with your social account?
Preview & download comment as image
You can download this screenshot as image or copy to clipboard using browser's context menu