I'm a former Bear S&T Summer Analyst in the Global equities division. I come from a non-target and just finished my 4th year. My plan was to do a BB SA stint and then come back for an extra semester to finish up school. After Bear fell through, I tried going to the other banks that I had turned down offers from, but it was too late in the recruiting cycle. I received a full time offer at a multi manager hedge fund as a quantitative research analyst - so I decided to finish up my classes online (only had a few more classes to take, which I will finish up by the end of the summer all online while working). They needed me to start right away because they had an analyst that was leaving to get his MBA.
I started working at the HF I'm at about a month ago (right after school got out), and I had kept in touch with everyone I knew at Bear. One of the SMD's I knew at Bear just left to go to a top global macro HF (think Caxton, Tudor, Wexford, Stark). Most of his group left with him, and he reached out to me and asked me if I was interested in working there with his group (which was shorthanded because not everyone went with him). I said yes, and he extended me an offer as a junior trading analyst. I originally wanted to go into trading and I've realized that global macro is something that I'm pretty interested in. Trading has always been my passion, but right now I'm stuck at this small HF doing quantitative research on investment strategies. If I leave to go to the other fund, I'll be leaving my current firm shorthanded. If I don't leave, I will be passing up my ideal job opportunity.
Salaries are comparable - both above the street. I think my bonus at my current firm will be less than that of the macro HF.
Not sure what to do - thoughts?
yeah tough call; bc it's gona be easier for me to say than it is for you to do. Go w/ your Bear SMD. I believe like you said, the global HF would give u better exp. plus it'll giv u a better chance to build relationship in a larger firm perhaps?? and have greater exit opp.
Caxton, Tudor, Wexford, Stark????
people out of Harvard dream of working at these places and are working their asses off at GS/MS to get there. and the offer was just handed to you. take the offer and never look back. the place youre at right now will understand and can easily find another guy to replace you with so many people getting laid off.
congratulations
Agreed with the previous post. In this market there will be tons of qualified people to take over for your spot at your current job.
More importantly though, never sell yourself short of your dreams (well, what you think are your dreams) to keep your current employer happy. You are a small piece in their puzzle - and since you've only been working there for a month or so, don't feel obligated to stay attached to the ball and chain.
Congrats.
Thank your current employer kindly for giving you the opportunity to work for them - and then high tail it out of there. It will be a better career move in the long run, and you have already established relationships with the team that you will be working for. As an extra bonus, it's what you really want to be doing whereas, by the tone in your OP, your current position is not.
Congratulations by the way.
I think that you should definitely leave and take this golden opportunity. Your current firm will be able to replace you. Go where you are strongly wanted and do the job that you originally wanted to do. Seriously, I think everyone on this board will agree.
Thanks guys. I think I'm going to take all of your advice. I'm going to feel like a jerk because my current employer actually gave me a chance after I got screwed over from Bear. I was extremely appreciative to him for that. Thanks again - appreciate all of your input!
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