analysts&tposition from target school, have the choice betweenUBSfx derivatives and goldman equity derivatives. need advice on which to choose.
pro goldman is obvious, it's the bestBB. also UBS is in stamford (though they are moving?)
pro UBS is that regardless of the bad news, it's great in FX, and on top of that from what i have heard, equities is generally compensated substantially less than anything in FICC.
your thoughts?
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Comments (11)
I'm assuming it's FX Options, if so I'd give them the edge.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30年的岩石
FX will allow you to have more mobility into other areas of FICC, should you ever decide to switch. In my experience it is harder to move from equities to anywhere in FICC than to move from one group in FICC to another (not that it's always easy). I know guys that started in FX that later ended up in swaps and commodities at the same firm. That said each firm may have a different reporting structure or stance on mobility within FICC, and I know little about howUBSoperates in these matters.
Intradingthe firm name matters a lot less,UBShas a very solid FX Options team so you're not talking about some middle of the road shop.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30年的岩石
Keep in mind I am biased (FX Options trader), but I still think it's the best choice all else equal.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30年的岩石
I agree 100% with Revsly here. Fortrading, the firm name doesn't matter that much. It's the reputation of the specific desk. More importantly, currency options experience gives you a lot more exit options than equity derivatives; you can transition into other areas of FICC at a bank or trade currencies at a macro hedge fund.
Id say whicever product interests you more, but if its a toss up then FX might give some more mobility. Keep in mindtradingequity derivs is not as huge of a stretch as people make it out to seem. Id even argue that going fromtradingequity vol to FX vol is a smoother change than going from like FX vol to govt bonds.
I will agree with you there,tradingvol is much more similar totradingcash/dv01. However I will point out that as the junior on an FX Options desk, you'll often end uptradingthe rho book, which definitely would ease the transition into a more cash or swaps IR product. In general, if you like macro, go FX. If you like equities, go equities (obv). And if you don't care, I'd give edge to FX. Either way though, great opportunities, it's like choosing between an Aston Martin and a Maserati.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30年的岩石
I'd agree with the above comments about firm name not meaning as much intrading. It's more about your specific desk and P&L.
I'd clearly go withUBS. Like said above, FX gives you more options, so if you're not clear about what you want to do in the future that option closes fewer doors. Besides, it seems to me that you are underminingUBS, which is a great bank and specially in FX. And Goldman is getting shit thrown at them every day these days, so even if they are the most prestigious the difference is not that big (despite what some people in this forum might say), and prestige is not that important intrading, as said above.
And of course, like derivstrading, consider what YOU like. I like macroeconomics, so I'm more into FX, IR, etc... but other people really like equities. You are gonna spend a lot of hourstrading, so if you have a preference stick to that and fuck desk/bank prestige. Both positions are incredible, so you'll be fine anyway,
Macro products in FICC are the best place for any analyst in S&T to start hands down. Equity derivs is a fine business to be in, but the skill set in FICC is more transferable to other businesses.
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Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30年的岩石
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