Tail or head?
I currently have two roles with me :
1) Pretty much FO role in a middle tier Mutual Fund where I'll be working on Quantitative Research for live funds and creating new ones. 2) Quantitative Research MO/BO role at a top 3 IB, I'll be mainly supporting the trading team.
I need to choose among them. One of the major points here is that the second role (IB one) have almost double the base salary of the first one. Also it has a much bigger name than the first one. The work undoubtedly is better in the first one.
I guess its boils down to the age old question of "Head of a goat vs tail of a lion", but wanted to get a specific opinion on this case. Any help is appreciated. Thank you.
I'm a commodity trader but my mentors have all told me to stay as close to the front office as you can. From what I understand making the transition from MO/BO to FO is very unlikely without a network connection or a foot in the door.
I made it from BO to FO but it was due to what I did in my free time since BO was a simple 9-5 gig. You can do the meaningful work yourself outside of work if you want (maybe not create a mutual fund, but you can easily do quantitative research on your own). I personally would choose the larger pay check to have a better name (if you consider BBs better) on my resume and have the free time to do meaningful research I enjoy outside of work.
In my case it's the opposite actually, the mutual fund job has a great work life balance (9-10 hrs) but the IB role has around 11-12 hr workday.
Quantitative research is not BO...its FO...it helps the bank make $$. Even if you might not be sitting on the trading floor at first...after you become an expert at something...the trading desks will bring you over...seen this many many times.
go with the iBank...take the higher pay
My exact role is model validation quant, can i still make it to the FO? Thank you.
indirectly, yes...you would need to lateral to Quant developer..building trading models for the trading desk - where you get to interact with the traders...and after 1-2 years you can go for a trading seat.
Sure, Thank you. You made the decision a lot easier.
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