At the risk of having people put out APBs and blacklists for a resume with Illinois CS and Princeton on it, I figured I should probably throw it out there that I am looking for an internship for this summer. I have a few final round interviews lined up at the end of this week with some prop shops and hedge funds. I also have (I think) an internship offer from my old firm (assuming HR gives the group an associate slot).
There's a good chance I will need to make a decision before March 15th.
About me:
-Two years fixed income analytics, Major NY Bank (Analyst)
-Two years desk developer (equity options) (Same bank) (Associate)
-UIUC CS Undergrad, specialized in algorithms. #5 CS school in the country.
-Currently working on a Princeton MFin
-Studying behavioral finance and machine learning.
I'm looking to do work on systematic strategies; backtesting them, optimizing and improving them, and helping to develop new ones.
If you know of an open equity strat internship space at the Associate level at a bank, or at a hedge fund, and want to work with IlliniProgrammer this summer, we should talk. Feel free to either PM me, email me (if you have my email), or post here.
Good luck! Hopefully the internship comes with a parking spot for that rusty Civic (all in fun).
Out of curiosity, why are you restricting yourself to equity strategy? Given your background and interests, I think you'd be a great fit for a large research focused CTA (the likes of Winton, BlueTrend, Man AHL etc). Best of luck.
Based on your views on hard assets and commodities bit surprised you want to go trade equities yet again.
Equity derivatives are what I know best. I can do fixed income and probably commodities too- I've worked with rates curves, vol surfaces, and can probably do delivery curves, but I'm pretty sure I can hack the brain of the equity options market maker.
With your background, you should look at HFT / stat arb / options MM / CTA.
You don't have any FO experience, so don't focus on what (you think) you know best. IMO you should position yourself as young, hungry, and a good learner with quant/programming skills.
GL.
Looking more and more like the strats role at my old firm, with some of the old people I worked with. Good to have a network in a tough economy.
Was your role a salesperson or a trader?
Trader. I fixed a number of our market-making strategies.
It was great experience. Unfortunately you had to have a tech background to do some of this stuff, and none of the other guys on the desk did.
"Fixed" how? Improved alpha? Lowered slippage?
In your OP you sounded like a desk programmer.
Improved sharpe ratios. I figured out a way to keep us from getting picked off by a market taker by changing the values of the bids and asks we posted.
More recently, I've built and deployed my own systematic options trading strategies with my own capital.
I do appreciate your help on this, but you sort of sound like I need to come hat in hand begging people for a job as a trading assistant somewhere. I already had an FO job, now I have a better FO job offer, and I may be getting a strat offer at a major hedge fund (Susquehanna, DE Shaw, Fortress) next week. The Princeton MFin has been pretty helpful on this regard. The problem is that I don't necessarily know these people and these groups, while I do know a lot of people on WSO.
So before I take the offer, I wanted to at least pursue any avenues that may be available on WSO.
Heh, not sure who is throwing MS at us. Ah well, internet points down the tubes.
I wouldn't consider a strategist to be front office, but that's me. It's good that you got to do some FO work. I would point that out and definitely talk up your self-made strategies. DEShaw isn't what it used to be but is still a pretty great place to work and a good name for a summer internship.
Someone doesn't seem to like this conversation, lol. Threatened much by a guy who drives a rusty honda?
Oh well, you don't ask, you don't get. Pretty tough to beat some of these firms, but culture and fit are everything to me and I need to make sure there's a good alignment.
I've asked the few users that were throwing monkey shit to stop since I don't think anything in this threads was really "shit worthy" and WSO Credits should not be used to target any 1 user or conversation, but rather saved for particularly shitty comments.
In your inbox.
Hey guys. Thanks for all of the help. I've gotten my first offer, which is due back next Wednesday.
At this point, I think it's probably too late to pursue other internships. Again, appreciate the help.
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