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Transfer from Investment Banking to Trading

I'm a graduate with a quantitative background (actuarial studies) and currently work in the investment banking division of a top-tier us firm. But after about half a year of working there, I'm really starting to miss the quantitative work that i did in my uni degree, so was wondering if anyone knows how hard it is to move from IB into like a fixed-income or derivatives trading role as an entry level position? Also, what is the best way to go about doing so?

Asked by thesnitch

Posted in Switching Sectors and Trading

06 May 2008

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Answers (4)

  • Now I know virtually nothing about this,but I guess if u went up the ladder of education in quantitative majors (actuarial studies or other) , u'd certainly have a much bigger opportunity to move to an entry level quant.

    Ouais 07 May 2008

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  • Agree with previous comment. Suggest you network through your university's alumni network (and/or everybody you know outside of your immediate work environment) to get an informational interview with a few traders, including at least one hiring manager. Outside of that, the transition should not be that difficult. It sounds like you are only 6 months out of college; you are not that different from the other undergrad quant jocks that are sought for trading positions. I also suggest that you check out sample job descriptions for traders either on this site or using a job posting aggregator such as Indeed.com.

    Pete, www.gccoach.com 27 May 2008

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  • 6 months not that long...furthermore u'll have better advantage over fresh grads, having the same specialised experiences as u. Nonetheless, not sure if u can demand non-fresh pay.

    finster 06 Jun 2008

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  • Surprisingly hard to move from corp fin to the markets side of the bank. Suggest you move sooner than later before you are tagged as a 'banker'

    padugi 18 Jun 2008

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