Go for Brand-Name?
A friend of mine is choosing between two offers: a brand-name insurance company and a high frequency trading firm. She wants to do trading in the future. I suggested her to go for the HFT firm since it's trading, and the job should be more interesting. She's concerned that because it's really a no-name firm, it might not appear to be as good as the insurance company (where she will do capital management).
I asked a couple of my friends and nearly all of them said go for the HFT firm because you definitely learn more on that job.
I would love to hear your opinion on this.
Relevant experience is relevant experience. If she wants to do trading, why would she go to a role that does capital management rather than a role that does trading?
A well-known name stands out on the resume? If you go into a prop trading firm that no one heard about before, and you don't want to stay at the prop trading firm after the summer - would you go for the prop firm?
You're correct.
Let's reframe this: Janitor at Morgan Stanley or TRADER applying for a TRADING job.
There you go.
I wouldn't equate janitor to capital management.
edit: just noticed this was for an internship, nevermind.
Dont go for the insurance company...i've had the unfortunate pleasure of working at a reinsurance company for two years..
You need to keep in mind that there are really only two "well-known" HFT firms: Renaissance and Getco. In my opinion, the more obscure the HFT firm the better, given that they have a good AUM.
I would add Citadel in there too. But ya, this HFT firm she has got is very very obscure and rather secretive (they don't even say they're a finance firm). Not sure if that's a good thing.
It really depends on their strategy...if this was just a general HF then id say at least 500m
HFT, no contest. If you're in the business, there are dozens of well-known firms.
Also, she will learn nothing at an insurance company.
This.
I told her. She's definitely more interested in the HFT firm. But she's not a quant or anything - how much does the HFT internship actually add value? (She wants to do sales & trading after graduation).
Females tend to more risk-averse, therefore choosing the firm with the more perceived recognition to the common man on the street
Sed cumque rerum nihil amet vitae exercitationem. Facilis eligendi necessitatibus ratione sint hic. Repudiandae eum recusandae eius voluptas. Eaque aut eveniet aut culpa consectetur ratione. Nemo quis velit maiores.
Voluptatibus dolorem occaecati nulla quia quo incidunt sed. Eum consectetur est labore aut.
Alias necessitatibus cupiditate occaecati itaque molestiae impedit deserunt. Atque non eum sit animi hic animi eos.
Perferendis quod ea veritatis. Nihil officiis optio in rerum recusandae non. Magni non vel fugiat cumque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...