GS Merchant Banking quantitative aspects
For a person with quantitative experience and interest coming from systematic hedge funds, would it be a good move to go into GSMB? My current and previous jobs have been a mixture of mathematics, statistics, programming and market knowledge. I'm equally balanced equally amongst all 4. That is, you'll find a better mathematician, a better statistician and a better programmer and a better trader but I'll press you hard to find a person who has all 4 at my level.
If I were to move from the current hedge fund where I work to GS, I feel GS securities or GS risk (market risk) would make more sense. What is GSMB? Looks like GS private equity arm. Would this have comparable quantitative aspects to a systematic hedge fund?
This won't have a comparable quantitative aspect to a hedge fund. it's a pure PE play. GSMB is probably the most competitive group to get into at GS. Historically, a position with them would be extremely coveted and unless you're rigid about your desire to work in a quant heavy role, you must definitely strong consider. On the other hand, 2 of the 3 heads of the division, Sumit Rajpal and Andrew Wolfe, have recently resigned due to their discontent with the CEOs vision. So things may be a little messed up right now.
Many thanks for the informative post. Considering I have a degree in engineering and a postgrad in mathematics and statistics, my edge is clearly in numerical and quantitative areas. Looking at Andrew Wolffe, he comes from law + business school. Would you not say I would be at a disadvantage considering what I have as an advantage is of little use. I might find it boring first before I'm at a disadvantage but still. How is pay? I can't say the hedge fund industry is in a great shape but what I can say is that hard work has been noticed and rewarded, not proportionally but to some degree.
Voluptas aperiam dolores aut sit assumenda. Corrupti sunt voluptate eum et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...