Have a friend looking to switch from banking (Post first year analyst) to S&T. I know the transition from SA banking to FT trading has been discussed, but what about FT banking to FT trading?
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Banking experience is highly transferrable to almost anything finance. Switching to S&T is then just all about networking and finding the opportunities.
It' actually not that easy, especially in the current environment. He'll need to network and get lucky
MBA then into S&T as an associate a possible path? If so, are particular schools better for trading than others, that is, are the typical top 7-10 the same if trading/trading heavy hf is the goal?
Varies from bank to bank and desk to desk (at least, at many BB's). Where I am at, there are more financial mathematics/engineering masters grads than MBA's.
is risk/merger arb considered to be in AM group or S&T at an investment banking? Is there the hedge fund arm of an investment bank?
Of course, after banking it's a possible exit opps. But rather in an HF than in a BB. Maybe it's possible too, i duno.
Most banks have Special Situations Trading desks that make markets in risk arb.
I see thanks to both you guys
What about a masters of finance or financial engineering as a segway?
Certain MBA schools within the T7/10 place better for S&T. The guys on my desk went to schools known for their finance programs.
care to say which...?
Booth and Wharton
A good Master in Finance is better for S&T. MBA is rather for IBD or consulting.
What are the good Masters in Finance/Financial Mathematics/Financial Engineering/Etc...? Anything part time worht doing?
See a lot of differing opinions on this topic but anything worth going at outside of Princeton and MIT?
CMU & Berkeley are other programs worth considering for MFE. I've also heard Columbia, NYU, Stanford, UChicago have good MFE/Financial Mathematics programs but someone else might have better knowledge. Make sure your friend has his or her programming and math down pat. These programs are highly quantitative.
I think your friend wouldn't have so much hardship in transferring from banking to S&T since banking also facilitate similar kind of transaction.
most employees that came from banks should have edge when it comes to S&T
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