Possible way to get a quant job for a mediocre candidate
Hello, I am a guy who wants to get a quant job in the future. I graduated in Mathematics with a mediocre GPA(3.1) at UMD(a non-target school for the finance field). Now, I have returned to my country and am preparing to go back to America. My weaknesses are age, school, GPA, and experience. I got an internship in my country recently, but I am too old to get a job in IB(I am 31 years old now).
After searching WSO, google, and other sites, I have a meager chance of getting a quant job in IB. Thus, I set up a plan that might make my dream come true.
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get a job in the local bank and aim for top MBAs because I don't have money or a GMAT score(Since I am an international student, I need STEM opt to get a job).
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apply for a master's program in mathematics and boost my GPA. Then, apply for a quant position in IB
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apply for a master's program in financial math with a CS program and aim for an algorithm trading job.
I know these options are now just a dream for me, but I want to try these options. Most people will say that I can't get a job in IB, and I already know it will be nearly impossible for me to get the position, but I want to work in IB once in my lifetime. I need to get some advice from you. Please help me.
Based on the most helpful WSO content, it's clear that breaking into the quant world, especially from a non-traditional background, requires a strategic and multifaceted approach. Your situation, while challenging, is not entirely unique, and there are pathways you can consider to move closer to your goal. Let's break down your options and add some insights based on what has been shared by others in similar situations:
Pursuing an MBA from a Top School: This is a viable strategy, especially if you aim to pivot into finance with a stronger brand on your resume. Top MBAs can open doors to investment banking and potentially quant roles, especially if you focus on quant-heavy electives or specializations. However, it's crucial to excel in your GMAT and build a compelling story around your career switch. Networking with alumni and leveraging the school's career services will be key. Remember, while an MBA can be a powerful lever, it's not a direct route into quant roles but rather a stepping stone to broader finance opportunities.
Master's Program in Mathematics to Boost GPA: This option can help address the academic aspect of your profile, particularly if you focus on courses relevant to quantitative finance. Excelling in a rigorous math program can demonstrate your quantitative abilities to potential employers. However, it's important to complement this academic pursuit with practical experiences, such as internships or projects in finance or data analysis, to make your application more compelling for quant roles.
Master's in Financial Math with a CS Component: This seems to be the most direct and relevant path to your goal of securing a quant position. Programs that blend financial mathematics with computer science are highly regarded in the quant world. They provide the technical skills and financial knowledge necessary for algorithmic trading jobs. To enhance your profile, consider working on coding projects, contributing to open-source finance software, or participating in quant competitions. Networking with professionals in the field and seeking mentorship can also provide valuable insights and opportunities.
Given your circumstances, it's essential to focus on building a strong narrative that explains your career transition and highlights your passion for quantitative finance. Networking will be crucial, so engage with professionals in the field through LinkedIn, attend industry conferences, and participate in relevant forums like WSO. Additionally, consider gaining practical experience through internships, even if they're not directly in IB, to demonstrate your skills and commitment to the field.
Remember, the quant finance world values skills and potential as much as pedigree. Demonstrating your quantitative abilities, programming skills, and understanding of financial markets can help overcome the challenges posed by your background. Stay persistent, keep learning, and leverage every opportunity to build your profile towards your dream role.
Sources: So you want to be a Quant?, So you want to be a Quant?, How do you become a Quant Trader?, How to be a Millionaire Trader
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