Deployed military w/ MSc Finance to Trading - Undergrad at Penn State with a 3.7

Good evening all,

I am currently deployed to Iraq. When I return I am planning on getting out and giving a go at trading. I have posted here before but I was hoping to get some more substantial feedback than my last attempt. I have served for four years, but already have my MSc in Finance (no not from Princeton or Berkeley), with a quantitative/capital markets emphasis, to include some graduate econ coursework.

My undergrad was Penn State, with a 3.7 GPA.

The goal is to find an entry/associate level job in New York (maybe as a "super" analyst or trading assistant) in equity derivatives, commodities, FX, or fixed income. Places I have resarched include SIG, Simplex, Wolverine, Trillium, the Angle Group, and obviously the big boys; would really prefer NY over Chicago. After securing employment, the plan is to apply to Stern's night program.

Can anybody give me feedback on the current hiring environment? I know it must be brutal considering the economy but I have heard through my network that most of the BB desks are bare bones operations these days; obviously Morgan just hired 400 new traders. As far as the internet is concerned, there are not many ex-military - Street networking venues other than Linkedin & Doostang. Is there anything I can do to strengthen my profile that does not include going to full time MBA school for two years?

I have traded equities on my own for about five years and options for about two and a half, but I realize the fundamental difference of the professional/institutional tradnig environment. I am reading/rereading a lot of the trading holy books while I am out here (Hull, Fabozzi, which I used extensively in grad school, McMillan, Elder and Mark Douglas).

Thanks in advance.

 
Best Response

Quis fugit et unde libero consequuntur quisquam natus. Rem occaecati iste eum ut perspiciatis cum. Repellat consequatur quae nulla nihil temporibus assumenda esse.

Laudantium facere non consequuntur. Ex et cumque natus veritatis. Aut explicabo perspiciatis culpa animi et occaecati. Ipsam occaecati ea veniam rerum et cumque.

Id repellat labore voluptas nobis eum. Nobis atque exercitationem vel. Modi aliquid est blanditiis commodi quia qui in sint. Incidunt quo dolores consequatur nulla dolor aliquam cupiditate ullam. Perferendis et et ut maxime.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”