Prime Brokerage IT
Is PB IT considered front office for IT? If not, what would be front office for IT?
Thanks in advance!
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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?
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