How to progress past being a code monkey?
I'm currently working as a quant at a power trading company. I'd like to be a trader eventually, but I don't get too much interaction with the traders. I mainly write python for originations valuation. I started with close to zero power knowledge so initially I was learning a lot, but I feel like my knowledge has begun to plateau.
I have 3 years of finance experience and I'm 1 year into my current role. Could anyone share some advice on how to progress towards a trader role?
Based on the most helpful WSO content, transitioning from a quant role to a trader position involves a few strategic steps. Here's some advice to help you progress towards your goal:
Increase Interaction with Traders: Try to find opportunities within your current role to interact more with the trading team. This could involve volunteering for projects that require collaboration with traders or simply starting conversations to learn more about their work.
Demonstrate Interest: Make your interest in moving to a trading role known to your superiors and the HR department. Expressing your career goals can help you be considered when a trading position opens up.
Expand Your Knowledge: Continue to build your knowledge of the power trading industry. This could involve self-study, taking relevant courses, or even pursuing further education if necessary.
Network: Networking is key in finance. Connect with traders and other professionals in the industry, attend industry events, and join relevant forums like Wall Street Oasis to learn from others' experiences.
Develop Relevant Skills: As a quant, you likely have strong analytical skills. Focus on developing additional skills that are valuable for traders, such as decision-making under pressure, risk management, and a deep understanding of market dynamics.
Seek Mentorship: Find a mentor who is currently in a trading role. They can provide invaluable guidance, advice, and potentially advocate for you when the opportunity arises.
Show Initiative: Propose new trading strategies or improvements to current processes. This demonstrates your initiative and value to the company beyond your current role.
Be Patient and Persistent: Moving into a trading role can take time. Be patient but persistent in pursuing your goal, and be prepared to seize opportunities when they come.
Remember, each step you take should align with your ultimate goal of becoming a trader. Keep learning, networking, and demonstrating your passion for trading.
Sources: The Progression of a Fixed Income Trader, I made it in... Now how do I get further up the chain?, GS Operations role, should I take it if I want to be a trader?!, Preparing for a Jr. Trader/Desk Assistant Role, What’s the best route to become a trader
How big is your organization, how much exposure do you get with the business unit you want to go to, how personable are you and have you talked to any of those guys on the desk at all, including the ppl managers.
Ask these questions first, and formulate a plan to
1. Increase exposure to the business they do
2. Increase interaction you have with them
3. Demonstrate your skill has value to the desk, and you are keen about their market.
After these steps, you should ask for the needs on the desk, and show that you can fill those needs, from a programmer standpoint.
From a coder/quant perspective, it’a easier if you show up as a desk quant or programmer that automates the operation/analytic process on the desk, then move into a trading position from there. Everyone wants a quant on the desk these days, even if it’s just for quicker maintenance of tools and scripts.
Thanks for the detailed response! It's very helpful. Unfortunately, I think my current primary value add will still be as a code monkey. I'll offer to complete operational and maintenance work while focusing on a specific desk. Hopefully, I can build some rapport over time and advance to more complex topics.
I have some questions that are specific to my employer/situation. Would you mind if I DM you the questions?
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