Here is the situation. It starts getting frustrating. I am from a top 25 west coast university (non ivy, target for investment banking, non target for S&T), majored in Maths and Business Administration. 3.5 overall GPA, 3.95 for Maths... Currently, I study a master in applied maths(more in stochastic calculus, probability, statistics and derivative pricing). I am not a US citizen, so it has been extremely hard for me to get a job in S&T. I have applied banks, utility companies, global commodities suppliers, etc. Still no luck. I interviewed with several banks, got through the final round, didn't get the job.... So I am definitely getting out of school this year. I wondering what do you think I should do. I traded futures before for my parents' company. I have a decent amount (close to half a buck) in the account. I will continue to apply. But I am thinking what if things doesn't work out short term, should I just be bold and manage part of my parents money full time? Anything where else I should apply?
I tremendously appreciate your time and advice.
you made a huge mistake dishing out $200k to attend a non-target school in the US. Now you suffer the consequences for your foolishness. LOL
Don't listen to this douchebag. He adds no value to these forums and honestly should jump off a cliff. I have never seen a useful post by this asshole
My alternatives was Canada and Hong Kong, so I don't think there was much difference in term of education. Money wise, it's not that much big of a deal... Thx for your constructive advice.
Why can you not apply for citizenship...... .....then trade your families money as a bona fide hedger in the futures market?
Hey GekkotheGreat, I am also not a US citizen, graduating this year from top engineering school, majoring in EECS and Math. I am starting in Chicago in high frequency trading full time this summer. Given your math background, perhaps you should also look into the many algorithmic trading firms in Chicago. They look for people with knowledge of stats, but they also require some programming skills. Do you have any? If not, I would strongly advise you to brush up on that, stats and probability without being able to use matlab/S/R whatever won't do you too much good in this industry. I hope this helps, and good luck.
Thats some great advice, bud... I just recently realized how important programming is. Without it, I have to be heck a lot smarter to earn my keep. I had some experience in Matlab. Did some C/C++ back in the days. Currently I am trying to specialize in Python. What do you think? Another question tho, will those prop trading shops or hedge funds sponsor you for H1?
It is case by case, if they really like you, they will. In terms of programming, the data analysis is the most important part, so I would suggest matlab and python with numpy. This is because most of the work is done crunching numbers behind the scene. When it comes to implementing the actual strategy that goes live, they use either C++, Java or C#. Some basic knowledge of these should get you started, but as I mentioned before, the former ones are more important. For more info on HFT, you can talk to trazer985. Best
depending on how desperate/long term oriented you are, I would maybe apply for both i-banking and real money (asset manager) positions at solid banks/famous asset managers ... you can either transition internally if at a bank, or try to transition after an mba
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