I was fortunate to immediately work in the buy-side when I landed a job in equity research for a fund after finishing my undergraduate degree in economics. Having no investment banking experience, my initial months in my new role was somewhat stressful and confusing. Unlike other roles where a structured training program is in place to shape you up for your new job, Equity Research has little of that. The industry still relies on mentorship from more senior analysts to nurture future talent.
Last night I googled myself and was happy to see that I pretty much own the first three pages of Google for the search term ‘Alex Lielacher’. When I say “I own” I am referring to that the majority of websites that come up with my name on them are sites that either belong to me, or for which I have written the content about me. In other words, currently, I control what is being said about me on the Internet. And so should you!
You’ve survived round after round of interviews and landed your first job as a quant at an investment bank or asset management firm. All your hard work at university acquiring mathematical and programming skills has paid off. Pause and savor your achievement - but not for too long. Now that you’ve gotten your foot in the door, the real work begins.
In university, the rules for success were clear. Learn the material in your courses and be able to demonstrate this knowledge in your exams. Few students, however, are explicitly taught what it takes to succeed on the job as a quant. Some figure it out on their own while others continue to use the same playbook from university and struggle to adapt to the work environment. Here is some advice that I wish I had been told at the start of my..
I am currently a student at the University of Kent and have just finished my first year in International Business with Econometrics and received a first. I was recommended by my lecturer to look into a potential career in the investment banking industry but from my research it looks like my chances may have already been dashed just because of the university I have gone to.
I was wondering if anyone firstly had some advice on how to apply to the internships and make yourself comparable with the 'target' university candidates?
I have now been at over 20 institutions for work experience within the Finance industry.
People always ask me “does your dad know someone in the industry?”.
My dad is a barber and my mum doesn’t work due to illness...so no.
I set out at 14 years of age to get as much work experience as possible to prove to future employers that I had what it takes and that I had a REAL interest in getting the job I had always dreamed of ever since watching Wall St.
I never wanted to be Gordon Gecko, but I loved the look of the buzzing trading floors that it featured.
It took me three years and around 8,500 miles to discover that sustainable investing is not philanthropy but a legitimate investment strategy that has usually met, and often outperformed, performance of comparable traditional strategies. In an environment of heavier regulatory scrutiny and higher capital adequacy ratios, current staffing levels are being challenged by automation and even shrinking profitability. Every edge is important for breaking into the industry – but who would believe loving the planet and asking a company’s value to society and its other stakeholders would be one?
In this post I will discuss with you the current and future state of all main global markets roles.
The headcount for trading roles has declined steeply since the financial crisis. Firstly, pretty much all prop-trading desks closed down, so that banks are compliant with the Volcker Rule. Secondly, market-making desks have reduced headcount due to the decrease in balance sheet dedicated to trading. And thirdly, the increase in electronic trading has also contributed to a decrease in trading roles across the asset classes.
That’s the conclusion of a recent report by The Wall Street Journal. As the authors describe, “Specifically, for business and other liberal-arts majors, the prestige of the school has a major impact on future earnings expectations. But for fields like science, technology, engineering and math, it largely doesn’t matter whether students go to a prestigious, expensive school or a low-priced one—expected earnings turn out the same.”
Keep in mind this data is for the United States, but you can bet the conclusions still hold here in London and the rest of Europe. The authors interviewed over 7000 graduates 10 years after they...
Reaching out by email to someone you do not know to ask for a job opportunity (say, at your dream company) might appear to be terrifying. Many people I know also think that cold email is too aggressive, and even worse, spammy.
Well, it doesn't have to be that way.
In fact, a strong, well-crafted cold email can be very helpful. It's arguably the most effective, perhaps the cheapest way to meet extraordinary people, receive advice, get jobs, and build your network.
I've started trading with ig, but for the moment with practice money. Do you think it's worth a mention on my CV if I'm successful?
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