Odds of moving from Technology/Operations groups to front offcie IBD?
I have an Technology/Operations analyst summer offer from a Bulge Bracket. I am wondering what are my odds of moving to front office(IBD) for full time if I take the offer? If it is possible, what divisions/groups in Technology or Operations I should go for to learn the most about IBD and gain most exposure?
Thanks in advance.
Work in an area that supports IBD.
Then after your internship apply to other banks IBD departments. You should have an understanding of the business that should come through in your application.
More importantly it may give you the opportunity to "network" with people in IBD who may help you get onto the graduate program or at least get you that first round interview.
Don't bother considering moving from the graduate program for op's to the graduate program for IBD. Thats a defeatists attitude.
Also make sure to get feedback on your CV from people in IBD where you work. This will point to your weaknesses which you can look to address in your final year.
Oh yes - when you do meet these people in IBD do not come across as desperate.
Transition from Tech to IB/Trading (Originally Posted: 08/06/2009)
Okay, this is broken down into a few separate parts, but first some background.
I have experience both in software and in finance, but my summer experience goes in order finance (research), pure software (heavy tech stuff), and then a mixture of both for this summer (financial software). My software experience was definitely "cool" (in the oh wow you did that sense and in the "okay, that's legit" sense), but so are my other two summers. I want to go the finance route for FT, since I find the software route painfully boring.
My questions are:
To what extent should I play down my tech side when applying to IB/Trading positions? I'm pretty sure I don't come off as a nerd either in my resume or in person; I'm just afraid of being mentally pigeonholed into an IT role. Should I just list one or two bullet points for my tech experience? Should I list all my technical knowledge under skills, or leave off stuff that I'm sure won't matter (like the 10+ programming languages I know?)
How should I list my internships on my resume? Should I list them in chronological order (as is typical on most student resumes I've seen), or in order of relevance/attractiveness to IB recruiters?
Any other thoughts you guys have would also be very helpful.
Tech plays heavy role in trading, for example Algo trading, structured investments, just write down what you have done in the past and practice interview, you will fit in the desks pretty well.
That's what I figured for Trading. But what about IB?
1: For IB position I would think you would have an advantage going after tech boutiques on the westcoast. List your whole experience on resume
2: Chronological order
Well, I can always tailor it further - expand my tech experience for tech boutiques, reduce it / move it for BB, non-tech-oriented positions, right?
Breaking into Finance from... Tech? (Originally Posted: 11/02/2015)
Hi all,
I've posted here a few times, but not much.
Here's a quick rundown of myself: -Graduated from undergrad with a BS in engineering from a top 15 university -Been working at a growing startup in the 36 months since graduation (I would no longer consider this a startup). -I have been promoted twice within my department. -I currently work in an operations role which is very cross-functional. I have started and grew a team from scratch, and have also worked in other ways to advance my department.
I don't really have any previous professional financial experience, which is why I need some advice.
Recently (past 4-6 months), I have gotten really into investing in the stock market, and keeping up with the financial news while at work and in my spare time (i.e. an hour or so at night). I am looking to change companies and careers in the near future (1-2 years), as I do not want my career to be in operations. I am contemplating getting an MBA, but looking into what I find interesting and what I eventually want to do in my career, I was wondering if a CFA would be better for obtaining a position in either Asset Management or Equity Research.
Any thoughts on how I could make this happen?
Based on what I've seen, CFA is good for changing departments or getting a promotion if you're already in finance. I've seen a lot of people from non-business backgrounds land front-office jobs with an MBA, but it depends on what you want to do in finance... If you want to break into equity research or something of the like in FO you should probably go with an MBA. It wouldn't hurt to do both (I'm pretty sure most MBAs prepare you for the CFA these days anyway).
Suggest you read some of the threads I have posted..
MBA over CFA any day
Breaking into Financial Servcies from Tech Industry (Originally Posted: 11/28/2011)
Hello I am an experienced technology professional trying to break into IB. Here is my background in brief
How do I break into IB / financial services? How do I position myself? Is my experience a liability more than asset? How much pay should I expect?
Thanks in advance
IB seems like a long shot. Maybe you could do front office development somewhere.
Also, don't say you're a CFA L1 candidate. That doesn't mean anything and looks silly. :)
I would like to ask a similar question for myself. So far:
Masters in Computer Science, 2011 Working with IB/PE Tech division in a Big 4 at NYC (almost 2 years)
I didn't plan to go for IB at any point, but the things that I am working with currently gets me excited very much. I would at least like to try to start a stint in IB, even though I may completely fail in the pursuit.
The question is, if I network well, get my IB knowledge polished up (gaining from working with my business leaders), is there a hope I could successfully get into an entry level IB position at a BB ?
Or do I need to go back to school for this ?
anything? something?
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