How long have you been there and what product?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

Exotic rates? I imagine you did a pretty good amount of prop due to the less flow, you don't think you could translate to a fund? I know its bad timing but have you looked at other IB's?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

I did, there is interest, but no one is hiring. plus I am seen as relatively expensive (eventhough I would work for a paycut).

haven't done much prop, but the desk I used to work for is probably the best one in NYC in terms of PnL and dealflow.

school anyone? was thinking of one of those MFE's (though I already have a hard science graduate degree)

 

shift to Asia? use your hard sci degree and lateral into algo stuff?

I have a soft spot for exotics, always seemed the cooler stuff. Hope you find a way through this & keep us posted.

 

what do people think bank hiring will look like when things recover? Do inexperienced hires come only from undergrad or b-school? do banks take on people from Big 4/consulting/etc?

 

just my opinion, but I think you should work.

just to keep busy, a roof over your head, & keep in the city. algo should be doing well, liquidity providers rockin' in this market. once things turn around, you can find your way back - you won't be the only one trying, but you'll have done good stuff with your time off.

guess it depends on whether you like the people.

also, what about the options market-making prop shops/prop firms? a lot of 'em in chicago ...

 

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