Hi all,
I'd like to ask someone with some industry experience as a first year analyst in S&T. I have just finished a masters degree in aerospace engineering (1st, with honours :D) and I will shortly be starting as an analyst in a large american investment bank. I imagine the vast majority of my classmates will have studied economics or mathematics - so will have had exposure to option pricing, Ito calculus, sigma-algebra etc.
I have been buying and reading every book I can find on a range of topics, including looking at some of the financial mathematics - and it seems fairly clear aerospace eng. mathematics covers very different ground. Am I going to find this is a significant disadvantage once I start work? Should I:
a) Study financial mathematics hard (proper revision level study) b) Have a look through the notes of my friends studying maths/finance/economics c) Relax, go back to my copy of the Economist and enjoy some sunshine
I asked my line manager what I would need to know, and he suggested reading a few parts of the annual report, which I have done. He didn't seem overly concerned that I am not familiar with financial math...
Yes, you'll be at a moderate disadvantage- though the math in your engineering background will be helpful. Would recommend reading up on a basic finance textbook that covers Time Value of Money and the Capital Asset Pricing Model.
I'd recommend checking your school's basic finance textbook and/or watching stuff on MIT Opencourseware. Failing that, Fabozzi's Fixed Income Mathematics book might be helpful.
What desk are you working on?... I presume it is a quant-heavy desk (FX/IR derivatives,etc.), otherwise your worries are misplaced
We have not been told what desks we will be working on...Is this normal?
I was assuming this was full-time.... if its not then you REALLY don't need to worry....
But if it is in fact a full-time roll, and you are (as you say) at a "large american investment bank"... then something doesn't quite add up, i.e. you should know what desk your being hired to
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