Equity Research at IMC Trading vs JP Morgan

Dear All,


I am currently working at a leading US bank as an equity research associate.

I've recently received an offer from IMC Trading which is just setting up their office in the country.
 

Ultimately if I want to move into buy side roles which should i choose ? 

a) stick to current role and look for better opportunities 

b) take the offer and continue to look for better opportunities 

To be frank I am not even sure whether should I compare the likes of Optiver, DRW with buy side hedge funds like Wellington, point72 or LOs like CPPIB or GIC

 

Hey there,

Based on the most helpful WSO content, it seems like you're in a bit of a pickle, aren't you? But don't worry, I've got your back!

If you're looking to move into buy-side roles, both options you've mentioned have their own merits. Sticking to your current role at a leading US bank as an equity research associate could provide you with a solid foundation and a reputable name on your resume. This could potentially open doors for you in the future.

On the other hand, moving to IMC Trading as they set up their office in your country could be an exciting opportunity. You might have the chance to shape the direction of the office and take on more responsibilities, which could be a great learning experience.

However, it's important to consider the reputation and stability of the companies you're comparing. While Optiver, DRW, Wellington, Point72, CPPIB, and GIC are all respected in their fields, they offer different experiences and opportunities.

Ultimately, the decision should be based on what aligns best with your career goals and what you value most in a job - whether it's prestige, learning opportunities, work culture, or something else.

Remember, there's no rush. Take your time to weigh your options and make the decision that feels right for you. And remember, every decision is a stepping stone to where you want to be. So, chin up and trust yourself!

Sources: IB chance VS Ops sure thing, Life decisions...buy-side equity analyst, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Q&A: ex-bank trader now running crypto hedge fund. questions?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Depends what you want do really. Working for IMC will effectively be a support role for their quant traders, essentially highlighting catalysts or news releases that could affect their trades or algos with some idea generation around potential catalysts. i.e very little thematic investing. Whereas at those traditional hedge fund names you would get the more typical-experience of picking stocks and having coverage over names. I suspect an ER role at a quant firm to be a bit more relaxed since you’re not making calls that directly affect PnL, but still have decent comp. Just not that of the quant trader or a hedge fund analyst.

Also once you jump to IMC not entirely sure what the path looks like if you were looking to go to a more traditional buy side seat. So would think twice about whether you see yourself staying in this role.

 

Yes you are correct, the role entails covering stocks under indices and the trader I will be supporting would take positional trades in options.

Would it be a better choice to join here and slowly transition into a positional trader or just plain avoid this and try for traditional buy sides ?

Also, in terms of comp should I give in if I am getting a 30-40% hike over new comp which will reset in next couple of months ?

 

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