Hi Guys,
I am interning at a large inter-broker dealer (think MF Global/Newedge).It is of a rotational programme where I am getting to move around different areas such as assisting sales traders in daily execution functions , experiencing the job responsibilities of both a retail and CTA clerk,Standing in the pit assisting brokers with checking trades,counts etc. There is also a Risk Management team and I am interested in that area since my background matches more towards the quantitative side(pursuing MSc Finance) . I might get a FT offer but dont know in which department and therefore i want my supervisor to know as to which area i am inclined towards ..as in sitting on an institutitional desk or in the Risk management division. IMO institutional sales/broker will be looked down upon when i try for a job in BBs which is my ultimate aim.
What do you guys think ?
i think risk management is somewhat like a black hole from my experience. From everyone I talked to, they tried told me to get away from risk management, and thus I cannot suggest you get into it. I do however know a risk manager at MF global and I think he's a really chill guy.
maybe that's just me, but I'm pretty against anyone going into risk management and trying to use that to get to somewhere other than more risk management, because it just isn't that common.
So do you mean being an institutional broker will be better in terms of exit opportunities ? but you don't develop any skill set by just executing orders...may be if it was sales trading it would be better. As i said i want to enter a BB in future
i need more replies guys
What type of risk management is it? Big difference between ERM and investment risk.
I worked an internship in investment risk.. very, very repetitive and not something I would ever consider doing full time.
A path I saw was some guys doing risk, getting CFA's and trying to become portfolio managers.
Its probably ERM...since the firm is an inter dealer broker and not an investment management firm...
what about IB Risk..will i have a chance at that??
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