Morgan Stanley E-trading (Fixed Income) vs Options Market Making Firm
I've been offered a position with the e-trading desk of Morgan Stanley as a strat to develop algorithms that have a direct impact on the PnL, and another job as a Quant Researcher in an options Market-Making firm (not one of the bigger ones, but particularly for a region). I am unable to decide which one to take if I want to continue as a Researcher working on developing models/strategies that generate PnL in the market.
Do you have any ideas about what's better in terms of long-term career prospects? I have experience in academic research and come from a STEM background.
Bump
Without knowing more specifics, it's hard to say with certainty you should take one over the other. However, I will say that there is currently a massive talent war going on in quant/quant trading/algo dev/systematic/etc. There is just so much demand for people with trading plus development background, specifically algorithmic trading. And banks are severely lacking in this talent war. Unfortunately, I hear almost every month of banks losing quants and quant traders to prop shops/crypto/HFT shops/FAANG/etc. I think it would be good to get the experience at the bank, develop your strategies, build your coding chops, gain a pnl track record, etc. and then jump to where the real money is (aka everywhere but the banks). The bank should give you a bit of a cushion as well while you are still developing your strategies while some of the other shops are very much make or break out the gate.
Nulla rerum sit non voluptatibus expedita voluptate est. Reprehenderit ea sint eligendi.
Officiis quos necessitatibus cupiditate est enim. Velit rerum sed earum hic et non. Quia reprehenderit ipsum unde laboriosam. Esse esse reiciendis ducimus vel reiciendis dolores perspiciatis minima.
Rerum id blanditiis deserunt culpa. Consequatur explicabo doloribus doloribus mollitia ut. Explicabo dolor iusto consectetur accusantium. Perspiciatis veritatis omnis suscipit similique aliquid occaecati. Nisi eius voluptatum numquam blanditiis iste. Repellat reiciendis aut dolorum quasi est necessitatibus dolorem.
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...