HELP Best S&T role to prep for buy side trading?
Hi all,
I've been a summer analyst at a top BB, have excellent credentials and come from a top school - please offer some advice as I try find a role within S&T that will meet my goals!
Ultimately I want to go into buy-side trading/portfolio management and want the best prep. I think structuring is the most creative role within S&T (not as a quant, spending your time pricing things) and will thus give me the best understanding of how risks in the markets are broken down and may be exploited.
I think its better than sales because it requires a deeper knowledge and better than trading because it is much more dynamic.
Please offer your thoughts and suggestions. THANKS!
Also, how client facing are structurers? How clear is the distinction between them and quants (who price things)? How exotic are the products they work with?
Thanks!
"I've been a summer analyst at a top BB, have excellent credentials and come from a top school - please offer some advice as I try find a role within S&T that will meet my goals!"
Well if that doesn't sway you...
This will depend on the type of buyside strategy you want to move into, obviously the parallel trading desk (or structuring/research if they have such a role) - ie: FX/rates for macro, cdo/SIV for structured credit, etc - would be most appropriate... beyond that, more specifics in terms of your goals would help.
I'd caution you on structuring in general however. A lot of it is very product specific modeling of very esoteric products, that service a very niche need. Just my 2 cents.
Thanks for the response. Firstly I was wondering if my assessment of going into structuring in general was appropriate? So you think a sell side trading desk is better? Surely even sales is better because they spend more time thinking about a wider variety of financial products that interact with more aspects of the market than traders do whilst hedging risk.
Much appreciated
Would you mind expanding on why you would suggest avoiding structuring? Thanks
How client facing are structurers? How clear is the distinction between them and quants (who price things)? How exotic are the products they work with?
Relax dude. What in the world does 'dynamic' mean?
@"GoodBread" The OP needs to synergize his focus and interface with an MBB recruiter so he can re-purpose his talents and take advantage of the low hanging fruit his skill-set provides.
Sounds like it. This isn't the first time someone has tried to get psyched up about structuring on WSO.
Range of noise levels/volumes. They may still sit on the trading floor, but their individual seats have a much greater variance in volume.
Dude, I'm just looking for advice. So what am don't I understand?
You're not asking for advice, you want confirmation structuring is the best thing in the world. What kind of "buyside trader" do you want to be anyway?
No Ive spent a lot of time thinking about what I want to do and am looking for confirmation that my understanding of the responsibilities are correct. So does it sound like I understand what its about?
Global macro to the best of my understanding
Rates and FX trading are much more in your wheelhouse. Not a lot of global macro funds need former structurers.
cheers
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