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Job prospects in finance and trading

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jono1887 said:
obviously its more than this. but to even get yourself recognised or an interview for that matter... you do need these...
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What type of trading are you actually after?
A few guys here sound like they want buy side roles, but are all gearing up for market maker tests/interviews.
 
mazzatelli said:
What type of trading are you actually after?
A few guys here sound like they want buy side roles, but are all gearing up for market maker tests/interviews.
Click to expand...

I wouldnt really mind.. anything from optiver to ubs to commonwealth...
Although it would be nice to get a job at a market maker firm. However it seems more and more unlikely each day.. im in a med degree, doubt that they'd be looking for doctors
 
jono1887 said:
I wouldnt really mind.. anything from optiver to ubs to commonwealth...
Although it would be nice to get a job at a market maker firm. However it seems more and more unlikely each day.. im in a med degree, doubt that they'd be looking for doctors
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Well you need to know how to market yourself differently to each firm. They're looking for very different things. As to the degree, its only a hinderance to UBS probably.
 
jono1887 said:
I wouldnt really mind.. anything from optiver to ubs to commonwealth...
Although it would be nice to get a job at a market maker firm. However it seems more and more unlikely each day.. im in a med degree, doubt that they'd be looking for doctors
Click to expand...

first question they will ask is "why the hell did you choose a med degree if you wanna be in finance" , I got asked the same thing and my course is still semi related
 
assuming you have good communication skills and good presentation, your med degree would/could actually help you get a job at UBS (& co).... as a banker or management consultant.

I know of two people who finished med degrees only to decide they didnt like it, and transfered straight into associate programs with global different IB's here in AUS.
Big IB's are after a certain type of person, not necessarily a certain discipline
 
To Jono1887:

The fact that you are saying that you wouldnt care if you went to Optiver (market maker) or UBS/Commonwealth (most likely execution) suggests you dont actually have a clue what you want to do as these are very different roles.

There are so many different roles with in trading, i know this and i dont even work in trading, yet.
 
mmmnnnn... interesting thread...

Took me 18 months to get a job in trading and i have the double degree and postgrad quals as well.

On top of that you still need your RG 146, ADA 1 & 2, CFD, Futures, etc...

Depending on what your going to trade in of course...

We still have people here that don't have any uni degrees and they still trade.
 
I know a guy who did his PhD in Mongolian Folk Music. He is now a management consultant for a very large & prestigious firm. When I expressed bewildment when we met years later he told me they hired him for his ability to think and not what it said on his degrees. Well, I'll be buggered.
 

where exactly is 'here'?
 

Just because his PhD was in mongolian folk.. doesnt mean his undergrad was not business or mathematical related.
 

afaik, none of the global ibs have formal 'associate programs' in australia?
whilst they are offered in pretty much every other country, there are only 'analyst programs' offered in Australia...?
 
very tough, esp now.
you look at all the successes, but there are many hedge funds that have failed or lost money. normal distribution curve is about right ... maybe a little skew to the right ... *maybe*.
not as glamorous as you think. even at an entry level role you'll be doing donkey work. experience and seasoning through cycles is important in this business.

best to find an entry level role in financial markets somewhere for a few years, then work from there.
 
whats this huge incentive to get an entry role job?

- do these insitutions hold some kind of market secrets that arent available on this forum?
 

CBA - execution yes for equities, though thought they just bought an institutional equities business.

But for interest rates, foreign exchange etc, the major banks have huge trading businesses
 
If anyone here works in private equity in Australia - particularly with a focus on emerging markets and/or non-bank financial institutions - I'd appreciate a pm...
 
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