Hey everyone, I'm an incoming SA at a BB in S&T for 2021.
I come from a Data Science & Analytics background, and love playing with datasets to find insights. I was wondering what desks emphasize statistical, analytical, and probabilistic thinking.
Any suggestions on desks & roles to look into going into next summer?
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If you like trading, join a quant fund. Work in sales & trading is waste of your time if you want to make big money.
Many Chicago and New York prop shops like your background and they are actively hiring fresh grads.
Thanks for the advice! I applied to a lot of prop shops (JSC, DRW, Optiver, Akuna, TMG, Virtu, etc.) plus some BB Quant programs, and they all either rejected me or gave my resume for S&T interviews, for some strange reason. I didn't even make it past the resume screens for a lot of quant shops, unfortunately, given I don't come from a target. Will definitely shoot my shot a second time.
As a VP in HF, I'd love to hear if you have any advice on how to leverage a S&T summer internship into a quant trading FT offer?
Structured Credit/Securitized products (ABS, CLO, MBS, etc)
Mortgage trading, loan trading, and generally all structured products that require lots of mathematical analysis. Learn as much python/excel/markets stuff in your 2 year analyst stint, which these desks would allow you to do.
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