I have a mighty big decision to make..
Here's the deal: I'm a senior at a target(CS-Econ) with experience in both. I'm not sure I can approach this shitty job market. My plan was to get a gig at an investment bank or quant fund, but now as the job market sours, I'm not sure I'll be able to make the cut. I've contemplated getting my M.Fin, and PhD, but if it's at an ivy, as I intended it to be, I won't be able to afford it. So here's my dilema: I feel trapped in a corner, I can't guarentee anything, and I'm anxious about the volatile economy. I have three choices:
a. Through a family friend my resume can be pushed up at an HF (macro vol, $50mm) in TO (where I was born). I have an idea of what the interviews are like, since I know one of the principals, and he gave me some pointers. I'm confident that I could get the job, but it's a virtual no-name, and I'm afraid this will cripple my career. The second problem is that the HF's Long Volatility Fund is tanking, and the firm's investors are pulling out.
b. Try my hand in trying to get an IB job. It'll probably have to be at a top boutique or MM, since BB is so eratic.
c. Try to get into a quant fund, like I intended before the crisis. I'm looking into D.E Shaw, Citadel Group, Man group, and a few others.
d. Go back to school. I've all but ruled this out, since I won't be able to afford it.
Wow their LONG volatility fund is tanking in this environment???? That alone would have me worried about the mgmt...
http://www.deadstock.ca/ Your closet will never be the same again.
Go for whatever you can get at this point. Pretty much all of the IBanks are done recruiting, including boutiques and MMs. Sounds to me like option A is probably your best bet of the three (four?).
~~~~~~~~~~~ CompBanker
just curious: Don't top schools pay for graduates' tuitions and living expenses? I was under the impression that most had fellowships that virtually made it free to do doctorate studies.
I believe they pay for Ph.D. programs, not masters level programs.
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