Hey,
I have been working in valuations for the last two years and am looking to make a jump into IB or ER after I finish my level II CFA. One thing I like to do in my free time is sports gamble; however, my approach has entailed building an automated model that predicts game scores using statistical analysis and quering data automatically. The model took about a year to build and I finally completed the model about a month ago. It has performed well so far, hitting 20 of 28 opportunities. My current job requires a lot of modeling and, from what I know, IB and ER are just the same. I was wondering whether it would hurt my chances of getting an interview if I include the sports gambling model and its success in my resume? My thought process on it is that it highlights my ability to create complicated excel models and sift through large data sets.
-Slim
Look at Cantor Fitzgerald. I forget what it is exactly but they have a gaming thing (beyond IB gaming & leisure) that I think is kind of trading like.
I looked into it. Never knew that had that. They focus on the development of software and mobile gaming. I don't know how I would fit into that since it does not really seem finance focused.
I would include it. To me it says you are actually interested. But then again I am a non-target student who has seekingalpha on his resume..
Also, if I were to include it, would you recommend making any mention of gambling or describing it as a model to predict NBA scores?
It's an interesting question actually and I don't know if I have a good answer for you. I'm in PE so I have no idea about ER and I came into PE in a non-traditional way (I didn't do IB) and most PE hires have IB experience and by that point you have enough on your resume that you probably won't add non-traditional stuff.
But if you've done this sports gaming thing (drop the "b" and for whatever reason it becomes more acceptable than gambling), why wouldn't you try to go for more a trading role? I don't know your background but if you did a quant project on the side for fun, I would think you'd gravitate more towards a trading position. I don't know a ton about how to get a job in trading so you'd have to ask around.
Or if sports gambling is an interest, you could check out some of the online gaming companies in europe (they're legal over there and there are a few that are publicly traded-888 Holdings, BetandWin (bwin), Paddy Power). In what seems like a former life, we invested in an european online gaming company a while ago and it's a beautiful business if it's done right. Margins like you can't believe, very favorable tax structures (complicated, but good), and just amazing rev/profit per employee-we blew any law firm or GS of the world out of the water on a per employee basis. Just a thought.
DIngdong, I have never really thought about the trading route. I always saw myself as a very analytical person. I haven't had any informaitonal interviews with traders. Maybe I should consider that.
I am not surprised about the profitability of gambling sites. My long-term goals do not tie into working at one of those though.
Thanks for the info!
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