Transitioning out of Trading

I currently work for a Fortune 500 Company as a Fixed Income Trader hedging a mortgage pipeline as well as the MSR servicing rights of a company. My education consists of a Bachelors in Economics as well as a Masters of Science in Statistics from a non-target school (Texas A&M). Also a Level III CFA candidate. How likely is it that I could transition out of trading into something like PE or a Hedge Fund... and if so, how would I go about crafting a story with the skills I've gained as a trader on a Mortgage desk.

4 Comments
 

Hi tahoehigh, any of these threads helpful:

  • Transitioning out of Lending There's a similar thread going about transitioning out of brokerage. Excellent insight in ... lines with regard to changing career paths; however, I'm interested in prospects moving out of the ... there but I didn't want to hi-jack. I am of a very similar mindset to the OP in that thread as far ...
  • Need Advice On Transition out of Investment Sales / Insight on buyside or Mortgage banking? transitioning to mortgage banking. There are a handful of big mortgage banks / DUS lenders in my market that do ... institutional clients. I've had a lot of exposure to underwriting, conducting tours, attending pitches, and ... interfacing with lots of well-known investor clients (many of the major PE funds, REITs, life cos, etc.) My ...
  • Transitioning from Prop Trading to Hedge Fund? I've seen a few threads about exit opportunities for prop trading, but I feel like I should ... trading, and was curious about working at a prop trading firm specializing in this. I have heard that ... a prop trading firm offers higher pay (low to mid 6 figures) earlier on in one's career, but it ...
  • I hate the living sh*t out of my job as a current salesman. I hate sales with a burning passion. I need out. Please help. do a lot of small talk on sports and other topics to get the ball going. We take clients out to ... stakes of what I do are pretty low. I'm more than happy to trade in my easy breezy, relatively ... enticed by the good money, and it's good straight out of undergrad. Half of my fellow sales reps, ...
  • Checking in 6 years later [IB to MBB transition] regarding a career decision on whether to stay in IB or go to MBB ("Please Talk Me Out Of This- 2nd ... should be elected this cycle. I do most of my work in my former coverage industry (TMT). Transition The ... I would do most of my work in FIG, but it turns out that wasn't the case. Management consulting firms ...
  • Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond knowledge to get a hedge fund job in the first place. Getting into Hedge Funds Out of College Most hedge ... two years of investment banking, equity research, or sales and trading. Among those, what you choose ... roles. Now we will review the process for getting into HFs coming out of an IB or ER role. So how do you ...
  • Transition to IB Analyst role 2 years out of Undergrad position 2 years out of undergrad. Currently working in Asset Management at a BB and have looked into ... transitioning but all entry-level positions seem to be allocated to the new grads and returning interns. They ...
  • PE to HF Transition out of graduation. My vertical is the debt investment arm under a broader umbrella of a firm that also ... Wanted to get some thoughts as to a transition from PE to HF. I joined my current firm straight ...
  • More suggestions...

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I'd say that your Masters of Science in Statistics is probably the best thing you have going for you in addition to your experience. Do you use those skills in your current job (statistics)? Do you know how to code/program? Are you in the Midwest/South or in a major hub?

 

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