PLEASE HELP ME! :)

Hi I am new here. I just got an offer from a certain BB's tech division for as a summer analyst taking the role of quantitative analyst for the fixed income S&T division.

I will not be doing the traditional IT tech work but will be analyzing numbers using statistical tools and programming stuff. Is this a step up from the regular back office tech? Would it be easier to leverage to get out of it and not get pigeonholed?

I am still a sophomore, and I am really angling for an IBD or S&T FO internship next summer.. Is this a good path to take? Am I on track? Should I start worrying about pigeonhole yet?

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Best Response

sounds like it could set you up nicely for a quant S&T job but I'm not an expert in the various IT tech trading positions. The fact that you are only a sophomore is good, however...just make sure you craft your resume in such a way next year that you can get a more "front office" internship if that is what interests you. Whether you are getting pigeonholed also depends on your background. Are you a comp sci major?

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no... I am an operations research and engineering major

well obviously I am not gonna write tech in my resume..probably gonna write like this

"Certain Certain Bulge Bracket - Fixed Income Title: Summer Analyst Description: Analyzed data quantitatively blah blah blah"

to make it sound like it was an S&T gig in first sight.. Does it work? It doesnt count as dishonesty does it? Because I AM working at their fixed income office and my title is indeed summer analyst. And I will just leave out the technology part of my job and write about the financial part of my job? Would that be the right way to spin it?

 

You'll be doing things fundamentally different than an s+t analyst (like actually doing something), so no, don't lie about it. It sucks that you're already scheming on how to cover up your job. No shame in your job, you'll realise this when you start. And this job sounds great as a stepping stone to proper s+t, if that's what you want. If you do well, good chance you could get a job in your bank's s+t program for next summer. You're skill set would market well for a trading or structuring role.

 
morganfixeddude i just recently decided that I am interested in finance.. but I do have an IQ of 153+-4 on the WISC scale which correlates to around 99.95th percentile

Think about it, thats one in 2,000 people (I think, I'm drunk right now). I'm sure you feel great. Do you also know that for every front office job over 10,000 people apply? Quit being such a tool

 

"I'm sure you feel great. Do you also know that for every front office job over 10,000 people apply"

Also, this is flawed logic. because you failed to take into account the fact that people apply to more than 1 job so your average actually is down by a lot.

 

Shut the fuck up, you are all idiots.

There is nothing wrong with leaving Technology off your resume.

If you work in the FI Technology group, describe the FI trading group on your resume. Under the descriptions make sure you TRUTHFULLY describe your responsibilities and projects, but obviously spin them so they look impressive/exhibit you're mentally capable of doing quant S&T work, etc...

Working in tech you will probably learn little to nothing about trading itself, so its upto you to learn it on your own. Otherwise you're as attractive as an applicant as your 43 year old FOB-Indian Associate in IT.

You can call put down that you worked in the GSAM Alpha fund if you want, but the description of your responsibilities will tell the story. The initial title will just stigmatize your resume. Leave off Tech, put in the group you worked in/supported. Once/if you start working in tech, keep trying to push yourself (sometimes requires a lot of scheming) into better projects/roles. This way when you talk about your experiences on your resume, it will sound a lot better.

Unless you have 10 other REALLY impressive stats on your res, putting Tech on your resume is a sure fire way to get it tossed in the trash.

Like someone said, people are not stupid. So when they read the desc of your responsibilities, they will know what the FULL description of your job. Its upto you to get the best experience to write about on those 3 bullet points.

Your resume is an opportunity to put your best foot forward. If you're a banking intern, and every day you bring everyone's lunch from downstairs, you're not going to put that on your resume are you? No, you wont. Similarly, if you work in tech, and force your way to sit on the desk to learn stuff from the traders, you can write about your experiences working with the traders on the desk. And you will not write about the adhoc FOB techie project you worked on. Same with the description of your group.

 

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