UK
any reccomendations of which firms to apply to or general advice on chances on entering in trading industry would be greatly appreciated
Anonymous
Question: 2.2 BSc biochem and an Msc in Int bus. how are my chances going into a boutique trading firm any reccs?
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Not going to happen with a 2:2, especially in this environment with so many experienced people and grads with 1st’s competing. Unless you have strong connections…
If by boutique you mean somewhere small with a decent name, absolutely no chance at all.
You may get a trainee role at a trading arcade if you are lucky but thats about it.
Nowhere near competitive enough… You’re going to need at least a 2.1. in a numerical discipline from a strong redbrick university, exceptional numerical ability and likely a Masters in a numerical discipline from a top university to give yourself a better than average chance. These firm pay well and accordingly are hugely competitive, don’t be suprised to find your final round interview to consist of 8 or 9 candidates who have all studied a scientific subject at either Imperial or Oxbridge.. My advice would be to find a smaller less known trading house, go there perform exceptionally on the numerical tests and subsequent interview – which is bound to include logic puzzles, statistics questions and a few mental arithmetic quetsions thrown in for good measure
Hey seifer_xin, I graduated with 2.2 degree plus MSc in finance (merit with distinction for my dissertation). I have 1 month small M&A boutque working experience now I am working for a PE firm.
My advice? trust your instinct and don’t give up, make sure you go out and network as much as possible.
DON’T give up no matter what others said.
Dude.. I have a 2:1 in engineering, and a PhD with published papers in math journals + 1 year trading experience (structured products) with a IB.. and I am finding it hard to find a decent job… Sorry to be nasty – but I d be quite upset if you get a job with a decent boutique!
SadBanker = Pathetic.
Stop your whining and go and do something about it. With a pathetic attitude like that its no suprise you havent got a job
More chance if you had a 2:1
@ SadBanker
Is it because you are a total geek? You wrote 4 lines and I was bored.
Not much chance at all.
@SadBanker – that is not a very constructive post for seifer_xin
ah what to do im looking into things atm and applied for markit group and tradeweb though i am slightly put off by smaller trading arcades like futex. I am from a redbrick uni and a very good one at that…im expecting a merit for msc…duno if any of this helps…thank u all for the advice positive or negative…all has been very useful…any further comments please feel free to expand
Your chances are 50/50 like for any other job in any other industry : You’ll either get a job or you won’t = 2 outcomes only.
Factor in a conditionnal probability depending on your area of studies (regardless of grades) and your chances should decreases significantly. I am not sure what Biochem and International Business has to do with any of the divisions/ usually found in a boutique trading firm. A buy-side firm or PE fund highly specialised in allocating assets /investing in Chemicals/Healthcare sectors or targeting International portfolio diversification only might be your best shot.
So no one has actually suggested any boutiques….can the conversation move on from dumping on this guy to suggesting boutiques.
join the army they need people like you and your colleagues. and donald duck can go to disneland. lol. sha
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@tim, what do u mean by boutiques, the word boutiques sounds like highly specialised, successful and hard to get in. i.e. not someone with a 2:2 should have a chance in hell going for..the only type of trading you could ever possibly get in to are with the small retail barrow boy interdealer brokers or a trading arcade