| "It's something very personal, a very
| |
| | and consistent interest in finance. Have
|
| important thing. Hell! It's a family
| |
| | some good stories prepared, especially on
|
| motto. Are you ready Jerry? I wanna make
| |
| | personal investing and why you're
|
| sure you're ready, brother. Here it is:
| |
| | particularly well-suited to be a trader.
|
| Show me the money. SHOW! ME! THE! MONEY!
| |
| | For trading jobs the "fit" part of the
|
| Jerry, it is such a pleasure to say that!
| |
| | interview is even more important than it
|
| Say it with me one time, Jerry."
| |
| | is for banking. If you don't trade
|
| -Rod Tidwell, "Jerry Maguire" (1996)
| |
| | stocks in between classes and wake up
|
| "If I'm an engineering major, how can I
| |
| | early each morning to read financial
|
| get into finance? Show me the money!"
| |
| | news, gambling is a good hobby to
|
| I find myself answering this question a
| |
| | mention. I was asked if I played video
|
| lot, possibly because I'm from a
| |
| | poker/online poker and other casino games
|
| non-finance background myself. Or maybe
| |
| | when interviewing for hedge fund jobs.
|
| just because everyone wants to get into
| |
| | You want to emphasize hobbies/interests
|
| finance.
| |
| | that show you can think about risk vs.
|
| How you can leverage your technical
| |
| | reward.
|
| background to land a job in the jungle of
| |
| | No Thanks, I Really Want To Be A Banker
|
| finance? As a technical person right out
| |
| | Full disclosure: you can do this, but the
|
| of school, you have two ways of breaking
| |
| | hours are going to be far worse than
|
| in:
| |
| | trading, the pay won't be much better and
|
|
| |
| | you'll have to do truly menial,
|
| 1. Get an investment banking analyst
| |
| | low-value-add work. The advantage is you
|
| position in the technology or TMT
| |
| | do have a wider variety of exit options -
|
| (Technology, Media & Telecom) group of a
| |
| | doing engineering and then banking sets
|
| bank. You will use none of your
| |
| | you up very well for venture capital, for
|
| quantitative/analytical background and
| |
| | example. And the perks are nice.
|
| instead use your interest in the industry
| |
| | As a technical person, you have several
|
| work ethic to get in.
| |
| | things going for you right away: no one
|
| 2. Get a quantitative job at a hedge fund
| |
| | will question your intelligence, and they
|
| or doing trading/fixed income at a bank.
| |
| | probably won't ask you brain teasers or
|
| You will leverage your quantitative and
| |
| | math questions. If you can get a degree
|
| probability skills to get in.
| |
| | in Electrical Engineering, you can do
|
| Of the two, the second is easiest for
| |
| | Excel calculations in your sleep. And no
|
| most engineers. Wall Street has never
| |
| | one will question your attention to
|
| been more quantitative, and it's only
| |
| | detail (or at least not as much as if you
|
| getting more quant-focused each day.
| |
| | were an English major).
|
| Even with some recent problems in the
| |
| | What you will need to focus on in
|
| credit market and some high-profile
| |
| | recruiting and interviewing is
|
| difficulties at prestigious funds such as
| |
| | demonstrating your 1) interest in finance
|
| Goldman Global Alpha, this trend will not
| |
| | and 2) ability to handle the hours/stress
|
| stop anytime soon.
| |
| | of the job, which are considerably worse
|
| Hedge Fund And Related Jobs
| |
| | than those of an engineering/tech
|
| On-campus recruiting for these positions
| |
| | company.
|
| is less common than it is for banking
| |
| | A few more specific tips: when you
|
| analysts, but it's there if you seek it
| |
| | discuss your interest in finance you need
|
| out. Citadel, one of the largest hedge
| |
| | to mention tech companies if you're
|
| funds in the world, does undergraduate
| |
| | applying to a tech group in a bank. And
|
| recruiting for its rotational program, as
| |
| | don't just mention Google or Facebook.
|
| does Jump Trading, based out of Chicago.
| |
| | These are the most visible tech companies
|
| The good news is that if you're an
| |
| | by far, but anyone can learn about them
|
| engineering major at a top university,
| |
| | by reading TechCrunch or by listening to
|
| you have a good chance of landing one of
| |
| | friends.
|
| these jobs, even with no previous finance
| |
| | You need to show real interest in the
|
| experience. If you're in this position
| |
| | industry, which means taking the
|
| and go through on-campus recruiting, you
| |
| | initiative and talking about less
|
| need to emphasize your interest in
| |
| | well-known companies. Before my
|
| finance because this is how they select
| |
| | interviews at tech groups in banks I made
|
| candidates. Here's a direct quote from a
| |
| | a list of less well-known startups/other
|
| Citadel recruiter:
| |
| | companies I found interesting and had a
|
| "To be honest, we know you're all pretty
| |
| | story prepared around each of them. You
|
| good quantitatively... after all you got
| |
| | should do the same.
|
| an engineering degree at one of the top
| |
| | As far as the second point about handling
|
| programs in the country. You need to
| |
| | the stress/hours, as an engineering major
|
| show us that you're interested in finance
| |
| | you should have had many extended project
|
| because that's what differentiates you."
| |
| | classes... these are all good to mention,
|
| During interviews they will ask you
| |
| | as are any internships where you launched
|
| quantitative questions but it's crucial
| |
| | a product that required "crunch time" at
|
| that you show them you have had a strong
| |
| | the end.
|
