MFE at Saïd

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ya I know what you are talking about. I am lucky I got this info before starting my degree...

Well I have been doing A LOT of research about various positions and I am pretty clear abt the role of IBD.. it mainly involves M&A and corporate finance.. and key skills would include communication skills..

However am less clear abt the role of a quant trader. What I have been able to find is that there are 2 types of desk - flow and prop.. and they use complicated models to execute trade in derivatives and other instruments..

1) But how do they actually decide which techniques/strategies to use?? on some sites I found that they use statistical arbitrage, merger arb etc..

2) If they use such techniques and computer models... then these are the skills we would normally acquire during the MFE course, however interviews would take place during september and november.. So applicants to these roles have knowledge abt such techniques and models beforehand?? I mean, do employers expect us to have such knowledge prior to the commencement of our degree? Would they ask questions related to all this during the interview?

3) Also on a very general level, do traders normally earn more then people in the IB division such as M&A??

Sorry for so many questions...but please help..cuz I really need to be clear abt these positions ..

Reply 121

alphaclear

Sorry mate, I learnt early on that I was more suited for banking, so I couldn't care less about trading. You probably know more than me.

With regard to Q3, although the banker has a higher base pay, the trader gets a slice of the book's P&L and that can be higher or lower than the banker's depending on performance.

Reply 122

vlk

oh k.. anyways..good luck at LSE :smile:

Reply 123

alphaclear

Thanks and good luck to you too!

MFE at Saïd

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