Financing or SOR Quant: Worth the Candle?
Got two quant offers at bulge brackets:
1. Is for financing quant role. Seems to be a hotchpotch of collateral optimisation, dividend forecasting, data feeds infrastructure work and potentially some swap pricing.
2. Smart order routing quant role in the cash equities market making team. Looking for patterns in data to help make business and infrastructure improvements. Sounds more like a data analyst role TBH.
Does any one of them look promising or should I just keep looking? My background is in spot signal generation and optimisation in mid-tier buy side -- solid statistics skills. Quite keen on top-tier and structured product experience, at least Δ1.
first one pay you more bonus because that's how bank make money nowadays.
second one give you opp to work for buyside but execution job don't pay well
OK, I decided to scrap option (2). Now evaluating option (1): the decision is between taking it or keeping looking (currently work as FO quant in mid-tier buy side).
Although it is nominally in top-tier IB division, it sounds terribly back-officey: optimising funding costs, lending, inventory and collateral management, Δ1, balance sheet. Will this be a career-killer?
Hi A.L., So what did you decide finally? what came up in your research?
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