Will Central Bank research experience help getting into Ivy League Graduate schools? My concern is the central bank experience will send me in direction of master of economics. However, my goal is to do a master of finance or financial engineering and get into S&T (preferably trading) at BB upon graduation. Can someone please provide some insights on this? Thanks.
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Damn, ask all three of your questions in one forum post next time.
...could get you a good job on the buyside right away. Go to the central bank and make good contacts with everyone who will talk to you. Then show up a few years later at a hedge fund and say you used to work for the fed and have high-level contacts...when they ask who dont say just say you work closely with the money market desk, know the board staffers, etc. Tell them you cant mention names. This will sound impressive. no need for grad school. Ive seen it many times before. No im not joking.
Thanks Bondarb. But if I want to get into sell side for S&T, would you think central bank experience will be insufficient? Will grad school be the only exit strategy in this case?
do you want to work sell-side S&T when I just told you it is possible to jump right to the buyside after working at a CB? What in particular about selling makes you that set on it? To be honest in this enviornment i think central bank jobs are great because it allows you to totally avoid the quasi-nationalized sell-side.
^^^ agree
I have worked at BB S&T sell side before and liked it there and definitely would consider going back if possible. I understand in today's economic environment, the compensation level and job security have been aggravated at BB sell side. I think there's a possibility that this is only temporary. If it continues to be like this, the top talent from BB will all leave. It must come to a halt at some point in the future. Hedge funds are not doing that well nowadays either. Besides, they are very volatile and could blow up if not choosing carefully which one to work for. Also, working for a not-so-well-known hedge fund will limit future mobility. These are just my opinions. That's why I have my sight so set on sell side for the future.
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