***Official Investment Banking Spring Week 2016 Thread***

Mckinsey has some practice papers on their site, and some other 3rd party websites have collected prior years' papers.

Accenture takes on a LOT of consultants and interns. It's significantly easier to get a gig there than even a lower tier IB.

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Mckinsey has some practice papers on their site, and some other 3rd party websites have collected prior years' papers.

Accenture takes on a LOT of consultants and interns. It's significantly easier to get a gig there than even a lower tier IB.

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Link? Past papers of what?

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Studos man, I'm not going to do your digging for you.

I don't understand what kind of past papers you mean. what kind of exams

Quant Analysts work in the risk department of investment banks or at hedge funds, a.k.a middle office

Quant/Algo/Systematic traders work at quant hedge funds or proprietary trading houses

Quant Developers can work in either and are mostly software engineers that work on proprietary financial modeling/pricing software

Quant Strategists work alongside the trading desks to come up with new trading strategies, Goldman is known for their Strats group in particular

You can't really get a Quant Analyst/Strat job without a PhD/specialised Masters degree. Starting base pay is usually the same as an associate in the rest of FO, with a lower bonus potential. Some exceptional quants can make a lot of cash in banks, but the vast majority hit a ceiling at the VP level.

On the other hand you can get hired by prop trading houses out of undergrad (and some quant hedge funds) as a trader. Base tends to vary between a lot higher than IB at the top firms (iirc Jane Street and SIG pay ~£80-90k base starting), to similar to/less than banking at less prominent firms; first year bonus is standardised. Once you have your own book its linked to a % of your overall P&L.

You can Google the rest. Forums like quantnet, wilmott and WSO have tonnes of info.

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Thanks.

I've just been on an Investment Banking spring week at a top bank and I found the corporate finance analysis boring as hell. I know what we've done is heavily simplified but most of it are simple calculations anyway.

I do a mathsy course (MORSE) and would like to actually use my degree.
I will do a masters degree too and was thinking of either becoming a quant in an IB or in a hedge fund.
Hedge fund (Man) visited our uni several weeks ago and they really appealed to me with some of their quant roles.

Would you rather work for an IB right after a masters degree or a hedge fund if given both chances?

Thanks.

I've just been on an Investment Banking spring week at a top bank and I found the corporate finance analysis boring as hell. I know what we've done is heavily simplified but most of it are simple calculations anyway.

I do a mathsy course (MORSE) and would like to actually use my degree.
I will do a masters degree too and was thinking of either becoming a quant in an IB or in a hedge fund.
Hedge fund (Man) visited our uni several weeks ago and they really appealed to me with some of their quant roles.

Would you rather work for an IB right after a masters degree or a hedge fund if given both chances?

Thought you missed your warwick offer? and you were doing engineering

If you can land an HF gig, 100% do it. Your upside will be a lot higher than in an IB, although, I guess the IB still leaves doors open towards an HF career later on. I'd also look into prop trading firms (Jane Street, SIG, Tower Research etc) not many HFs recruit out of undergrad/one year masters programs whereas these guys do. Alongside Man, DE Shaw and Citadel are also good shouts for the quant HF space.

Personally I'm focusing on taking the IB/Consulting > PE (or Corp Dev) route. Don't think I'd be smart enough for a quant prop firm or quant HF.


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Thanks.

I've just been on an Investment Banking spring week at a top bank and I found the corporate finance analysis boring as hell. I know what we've done is heavily simplified but most of it are simple calculations anyway.

I do a mathsy course (MORSE) and would like to actually use my degree.
I will do a masters degree too and was thinking of either becoming a quant in an IB or in a hedge fund.
Hedge fund (Man) visited our uni several weeks ago and they really appealed to me with some of their quant roles.

Would you rather work for an IB right after a masters degree or a hedge fund if given both chances?

Ill be honest mate, a degree like MORSE and other maths degrees (I do Financial Maths) dont even come to much use at all in finance. Ive seen this through experience. The most positive thing people are looking for at HF for quants ect is Maths because you come out of a degree very comfortable with formulas and numbers ect, so everything flows analytically. I sat with the Exotics derivatives desk at JP Morgan with people who have masters in Mathematics at Cambridge and they basically said the same as I just told you.

Certain quants jobs may differ but not by much.

Ill be honest mate, a degree like MORSE and other maths degrees (I do Financial Maths) dont even come to much use at all in finance. Ive seen this through experience. The most positive thing people are looking for at HF for quants ect is Maths because you come out of a degree very comfortable with formulas and numbers ect, so everything flows analytically. I sat with the Exotics derivatives desk at JP Morgan with people who have masters in Mathematics at Cambridge and they basically said the same as I just told you.

Certain quants jobs may differ but not by much.

Can someone explain what a financial analyst is?

Looking at uni websites, most grads look like thay become analysts

An analyst is the entry position ie all grads are analysts. Unless you have a masters you will always join as an analyst.

prop trading isn't illegal.

Isnt prop trading basically illegal???

Can someone explain what a financial analyst is?

Looking at uni websites, most grads look like thay become analysts