How's the job market looking for an entry-level trading role?
Interned at an MM (in an investment seat), and basically did not get a return offer (was told because of headcount)
Currently looking at any entry-level trading/analyst roles at HFs, S&T/Structuring roles at banks, Quant Trading roles at prop-shops but getting very little traction with any of them.
What is going on? Feel like either the job market is shit or that I need a reality check. Starting to get very stressed about finding a FT job in a market-facing role.
I have a quant background so am restricting myself to applying to roles where a quant framework helps, but I'm starting to question whether I should start looking elsewhere and whether breaking into a trading role this year just isn't very possible.
What kind of strategy was the pod you were in? I wouldn't limit to only quant unless that's the only thing you are interested in.
Based on the most helpful WSO content, it seems like the job market for entry-level trading roles can be quite competitive. It's not uncommon to face challenges when trying to break into this field, especially in a year that has seen a lot of changes in the financial industry.
However, don't lose hope. Your quant background is a valuable asset and can open doors in many areas of finance. While it's good to have a focus, it might be beneficial to broaden your search a bit. Consider roles that might not be directly in trading but could leverage your quant skills and potentially offer a pathway into trading down the line.
Remember, networking can be a powerful tool in your job search. The WSO Networking Guide could be a great resource to help you connect with professionals in the field.
Lastly, don't stress too much. Job hunting can be a long process, and it's important to stay positive and persistent. Keep learning, keep networking, and keep applying. Your break will come!
Sources: Help, my career has got off to an awful start!, Is it worth pursuing a career in trading in 2017?, Current Job Market - Entry/Mid Level
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