How hard is it to lateral to FIG from a non-FIG background? I was laid off recently with 1 YOE from a MM. It looks like most job posts online are in the FIG groups now. I wanted to make the move because of the relatively steady work flow and the technical aspect. Would appreciate any inputs.
You won't be the most desirable candidate if I'm honest but that doesn't mean you shouldn't try of course. Just make sure you're as knowledgeable and enthusiastic about the sector as possible to make up for the lack of actual FIG experience.
OP, FIG is pretty broad but your prep shouldn’t be too difficult. If you get an interview, no one is going to expect you to know every detail of this vast industry. But it’s fair to expect you know the following:
1. How to think about FIG business, including important line items, growth levers, and risk
2. Understand how to both conceptually create models and how they are actually created and the work that leads to making them (read: network)
3. Having a view on FIG and the competitive and macro environment, including trends
Lastly, you should have a genuine interest in the industry. So many people just the take financial services industry for granted but our modern society ceases to exist without it. Things go upside down pretty quickly without functioning banking, capital markets, insurance, and payments. It’s also macro driven, and for me at least, it makes the industry more intellectually stimulating.
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You won't be the most desirable candidate if I'm honest but that doesn't mean you shouldn't try of course. Just make sure you're as knowledgeable and enthusiastic about the sector as possible to make up for the lack of actual FIG experience.
How the fuck can you be enthusiastic about FIG though lmfaoooooo
Agreed lol but need to fake it till you make it I guess
OP, FIG is pretty broad but your prep shouldn’t be too difficult. If you get an interview, no one is going to expect you to know every detail of this vast industry. But it’s fair to expect you know the following:
1. How to think about FIG business, including important line items, growth levers, and risk
2. Understand how to both conceptually create models and how they are actually created and the work that leads to making them (read: network)
3. Having a view on FIG and the competitive and macro environment, including trends
Lastly, you should have a genuine interest in the industry. So many people just the take financial services industry for granted but our modern society ceases to exist without it. Things go upside down pretty quickly without functioning banking, capital markets, insurance, and payments. It’s also macro driven, and for me at least, it makes the industry more intellectually stimulating.
Thanks man! This is really helpful!
Placeat iste aut quas sunt reprehenderit sed maiores reiciendis. Quo et autem dolorem nisi. Quia quasi totam est ut animi sint. Et ab odio tempore est consequatur facilis voluptas.
Illum vel numquam consectetur incidunt dolores corporis quia officiis. Dolores cum eaque distinctio atque qui numquam molestiae maiores. Quia quaerat beatae eius earum velit repellat aut. Explicabo nam nihil non.
Reiciendis voluptatibus ut a exercitationem ut voluptatem doloribus. Porro ex veniam adipisci et. Cum velit sequi voluptatem consequuntur officiis aliquam placeat ut. Explicabo quia corporis totam nemo maxime. Non aspernatur aut sequi quia delectus. Officiis delectus et eligendi incidunt enim facere.
Voluptatum voluptates quis aut. Sint nihil consequatur vel repellat debitis sed quia.
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