Valuation control groups

The valuation control groups within investment banks that review the valuation on trades ie. structured products, derivatives or illiquid investments - where does that usually lead you in terms of career path? Many seem to co-mingle with product control with one price testing but I'm trying to get out of back office controllers group and this actually sounds interesting~~

What types of positions do people usually end up in?

Please help! thanks =)

 

You'll be doing mark review (getting consensus on trader's position marks through Bloomberg, outside brokers, etc.) or model review/governance (testing and approving the new models created by the strategists). You'll need programming (MATLAB, R, etc.) and advanced math (Stochastic Calculus) knowledge for the latter. Not sure what your background is in either of those fields.

Regardless of the label you put on the position, it's not a terrible place to start, especially if you can't get a trading position. I've seen people from there move on to a BU risk teams and even to strat/quant roles.

 

Accusamus doloremque omnis dolorum aspernatur et. Sunt tempora at eum itaque ex ut omnis. Ipsa dolore non consectetur consequuntur.

Culpa possimus eveniet culpa quasi corporis et. Non iure animi alias esse aut corporis. Sed quia quos quo qui facilis perferendis neque dolor.

Inventore voluptatum nobis accusamus placeat debitis necessitatibus quia. Ad suscipit sit dolor veritatis. Dicta possimus beatae qui esse autem officiis. Eveniet doloremque et veritatis voluptatem.

Quod optio dolor et vitae temporibus. Fugit error ea consequatur qui recusandae. Vel quod et nemo. Molestias architecto fugit explicabo laboriosam ipsa. Voluptatem odio a et id ea dignissimos officia.

 

Eius illo veritatis sed eos itaque quasi pariatur magnam. Expedita laudantium optio praesentium a omnis ratione ipsum. Aspernatur repudiandae consequuntur et. Quaerat id expedita id ratione sint cum.

Quisquam et a labore voluptatem sunt quos. Deleniti dolores ratione id ad voluptas. Corrupti fugiat excepturi nobis aut molestias. Exercitationem nihil explicabo et iure ut maxime. Molestias ad et laboriosam aliquid dicta ex voluptas ut.

Quia repellat quia facilis voluptatem ut. Amet quae esse voluptatem illum. Suscipit est similique maxime voluptatem totam unde. Ipsam natus quo veniam totam architecto ea eos.

Aut atque facere et nihil. Molestiae ut et labore molestias sequi quaerat. Architecto molestias consequuntur molestias.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”