Prime Brokerage IT
Is PB IT considered front office for IT? If not, what would be front office for IT?
Thanks in advance!
Trending Content - Investment Banking Forum
| +137 | Piper Sandler in talks to acquire PWP | 61 | 10h |
| +125 | Interns without return offers, careers & perspective | 11 | 18h |
| +114 | UBS Appears to be Exploring Sale | 15 | 3h |
| +110 | Just One More Year | 11 | 2d |
| +82 | Are all these UBS postings bullshit? | 21 | 20h |
| +76 | Bringing Deals as a Vice President | 24 | 3h |
| +66 | Paradise Is Paradise | 5 | 22h |
| +37 | Q&A | Investment Banking Analyst, UBS | 2 years in investment banking | 11 | 1d |
| +35 | Q&A | Incoming Associate, Bulge Bracke, AMA: Career switcher (tech sales/BD → MBA → BB TMT IB), return offer | (6 years in Tech/Accounting) | 6 | 5d |
| +32 | M&A is Paradise | 1 | 2d |
Career Resources
Well, it's product-specific, so that's a start. It all depends on your function, the firm, and what you'll be doing.
If, for instance, you're running a system to figure out supply/demand for stocks and suggest interest rates/specialness, that's a great place to start. If it's booking, maybe not quite as cool, but still better than starting as an SA or DBA.
UBS - working on services based architecture providing data. What do you think?
Has anyone worked at UBS? How is the culture there?
Thanks!
Ah, I am very familiar with some of the folks who used to be in upper management in tech at UBS a few years ago, though I'm not familiar with how the firm runs.
It sounds like you're working on a booking system- just given the data keyword here and the fact that prime services at most firms don't look at historical market info. This is an OK opportunity for a first job as a programmer- you get to work in NYC and it sounds like a legitimate financial programming job. The opportunity is in-line with a mid-level consulting firm like Deloitte. But if you've got offers at Google, Amazon, IBM, Microsoft, or some other strong tech firm, or an offer working in pricing and analytics, those are probably going to be a lot more interesting jobs for a young programmer.
It's possible you'll be taking on a lot of responsibility for a 22-year-old - fast. Services at a BB run 24/7 and you will probably be taking pages at 3 AM when Zurich can't book its trades, trading has shut down, and some trader with a thick German accent is on the phone teaching you how to swear in a foreign language.
Is there a mention of Run-The-Bank or Build-The-Bank in the job description/offer? That kind of information is very important and is going to change my advice.
It's not my first job out of college. I have about 7 years of experience but only 6 months in finance. What do you think?
I see this in the description "core component of the Prime Brokerage strategic architecture". Does that help? Or they probably label everything core to get you in.
Haha, "core component" is really another way of saying "system" required for trading.
If you've got an F500 job in IT, this might be a step up, but it's going to feel very similar. There may be an annoying level of paperwork. If you are a developer at a top tech firm, this is a step down. You need to find a job that says "pricing", "analytics", "algo trading" or "quant development." That's where you get to be a step or two away from the financial decisions, assuming that's why you're going into finance.
Problem is most "pricing" and "analytics" job say front office exp required which I don't have. I'm not even sure how to get into algo and quant without doing Masters. Any ideas?
Quas culpa deleniti quod tempora omnis eius id. Repellat et nemo beatae. Quos in natus alias quis vel eligendi molestiae. Iure atque impedit id corporis sequi.
Aut praesentium quia id voluptatibus fugit nam ut odit. Non velit officia dolorem cum ut aut. Dolorem voluptatem nihil vero quis aut consequatur quisquam nostrum. Est ut est molestiae impedit natus aut minima. Qui nesciunt laboriosam aut molestiae.
Ut similique amet delectus corporis. Ducimus voluptatem accusantium neque. Et exercitationem labore aperiam dolorem. Dolorum eos quae atque et laboriosam. Voluptatem facere fugit voluptatem dicta exercitationem repudiandae esse. Quam quo tempore enim magnam asperiores. Corrupti impedit eligendi placeat magnam ullam.
Voluptatum veniam dignissimos adipisci nesciunt ab quia. Tempore pariatur et perspiciatis repellendus sapiente accusamus pariatur.
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...