S&T Job Security
I go to a target (Stern/Umich/ UofChi) my resume is heavily geared towards s&t (happened naturally) and I would have a much better/easier time recruiting. On the other hand I’m worried about exit ops down the line and job security (heard job security is terrible and fear of automation etc). Would appreciate any advice/ insights.
Congrats on umich
lol i dont go there, thought it was same level tho. what levels are stern/uchi on? are they on the same level
On a serious note, uchi is target for Chicago, also for quant I’ve talked to a lot of cracked people from there. Stern isn’t, that’s what I’ve heard at least. As in you’ll have to actually spend time on networking and everything else.
As for the automation part, non linear, exotics and heavy-reletionship(some commodities and energy/power) desks/products would be the hardest to automate.
Also to be frank, all the AI/automation shit is hyped up for valuations so I don’t think you should be afraid?
agree, tbf wasnt too worried about job automation aspect more so the job security in the long run. Mostly interested in fx/commodities/ macro dyk anything abt that? also to be more specific i go to stern lol fuck the anonymity
AI and automation is not at all overhyped, if anything it is under-hyped. As someone whos ran teams of 2-5 traders + some dev management + new hire analysts, its going to become crazy hard to get the new analysts spots that remain in the future. Banks are a bit slower on how people can use these tools, but prop firms and hedge funds (way more so prop firms) are utilizing this tech massively, and across all industries, I think it will be very tough and even more ridiculously selective than it currently is...
in some ways it levels the playing field for those that arent as technically skilled, so weirdly, i think culture fit + drive is what determines lots of new hiring now.
AI usage skillset is actually super important now, use these tools and learn as much as possible about using them efficiently, that will help you stand out. You can even use all of these tools to teach you all of the buy side info, that wasnt publicly available when i was coming up, to get a super strong level of base knowledge...
Study econ + math or cs, wherever you go. for trading finance is a bit meh, most ppl view that major as soft in this biz.
Bearish quants + bullish people with drive (and enough brain to get most of the quant side)
bump
Bumping on the job security question. Also, what do people in S&T do if they are laid off? Specifically if they are too old to do an MBA, like what would a director who gets laid off do?
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