Hello all,
Just heard something today that I thought I would share with you all as I know that the move from MO to FO is always a topic that gathers interest.
I work in a BB in London, and a friend of mine in the FX product control team told of an AVP (a few years experience) who was on a trial period with the FX trading desk. He had to work 2 hours before his PC job and 2 hours after, every day for a month. He also had to submit trading strategies and market predictions for the next week, month and 3-month periods. These would then be reviewed by four or five of the traders on the desk once those three months had passed. They would then decide if he could make the move.
How did he get this trial? He asked the head of the desk if he could go for coffee to discuss.
Jerome? Is that you?
I'll piggyback on this a bit... Maybe my experience is skewed, but I've seen a lot of these moves happening over the past few years (within BB S&T). A few instances of "oh crap, this guy quit/left, we need someone who understands this product now" that ultimately allows the MO guy for that product to jump in the hot seat. I've seen it happen across both Trading and Sales, and honestly, I think it's great. The guys that get those positions are those that worked their ass off (with a MO salary) for the hope that one day they could get the chance.
Come to think of it, I'm pretty sure that of the FO positions that opened up, the majority of them went to MO guys... so the MO to FO transition is definitely not far fetched.
It's definitely possible. I know of someone who went from MO BB in NYC to a Sales Desk in Chicago within the company.
This is happening a lot more at banks.
When there's a hole to fill, banks are getting wary of hiring some freshly laid off trader who may just be more interested in punting shit around rather than working on developing the common goals and platforms of the desk. This is the issue we were just discussing on the desk today, actually... currently looking to fill a seat, none of us are really interested in an outside hire, would rather poach a smart systems developer from IT or a keen guy in risk and train him up on the way we want things to be done.
Recent MFE grad landed in MO trying to move to S&T (Originally Posted: 02/04/2016)
Coming off a few years working in actuarial science I ended up doing an MFE at a target with the hopes of getting into trading or research at a bank. I ended up landing in a MO role doing valuation control and was initially under the assumption that I would have plenty of opportunities to meet with FO and move around within the bank. After a few months it seems like it will be much more difficult to move into these kind of roles than I had thought and I'm concerned that if I stay where I am for longer than 18 months it will be even more difficult to transition.
Can anyone lend some advice on how I can best position myself to make the jump? Would it generally be easier to move within the bank I'm currently at or should I be trying to make the jump elsewhere?
Really any pointers/advice would be much appreciated.
Doloremque soluta labore sit dolore voluptates consequatur. Enim enim ullam consequuntur error vel possimus.
Labore totam et quas. Iure et aliquid omnis. Deleniti quae omnis numquam ut ullam est. Sequi libero explicabo incidunt aperiam. Corporis et odio omnis voluptates. Non enim hic fuga et laudantium et reiciendis. Quos et vel cumque ea natus.
Eum voluptas corporis rerum quasi incidunt. Voluptate dolor vel reiciendis accusantium reprehenderit nemo. Veritatis amet nulla omnis quisquam repudiandae. Vel et ad explicabo assumenda.
Nesciunt ut delectus et consequuntur aut. Eos enim eos cum eos maiores ut. Hic ut mollitia qui asperiores et temporibus facilis. Illum et nihil voluptatem ut. Provident tempore aliquam tenetur cum molestiae eaque.
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...