• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering.
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Coming soon.
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models.

Trying to choose between different roles based on eventual goal

I am currently working in Private Wealth Management Model Validation at an IB and have had experience in a Securitized Products Modelling team prior to my current role. In total, I have nearly had 5 years of experience after graduating from a top 5 MFE program. I'm looking to shift into a new role that would put me on track to being able to eventually work under a PM on the buy-side. As I'm not a US citizen, it has proven to be easier to apply for roles internally, at the bank that I'm currently in. In doing this, I have received a couple of offers, at the same time. One for the Private Wealth Management Modelling team within the bank, which has the mandate to work on Strategic Asset Allocation, Dynamic Asset Allocation and Goal Based Asset Allocation models that are used to advice High-net Worth clients. The work primarily involves research and development of such models. The other offer I have received is for the MBS/CLO Research team within the bank (which sits on the trading floor), where I would be leveraging my quantitative background to help the team in publishing research and potentially helping advice the trading desks. Another offer I may be receiving soon is for a Funding trader role within the Treasury side of the bank, primarily focusing on Strategic ALM and making sure that the bank is appropriately funded in the short-run and managing a High Quality Liquid Assets portfolio. I was just wondering which route may be better in order to reach my eventual goal? I understand that becoming a trader would be the easiest route, but these are the offers I currently have. Any suggestions are much appreciated. Thank you.
 
Last edited:

Onegin

Well-Known Member
C++ Student
All else equal (and it’s not)
MBS > PWM > treasury
Non trivial question - which would you most enjoy?
 
All else equal (and it’s not)
MBS > PWM > treasury
Non trivial question - which would you most enjoy?
Thanks for the reply. I think my order of enjoyment would be PWM > MBS > treasury, as I would enjoy conducting quantitative research and the satisfaction that comes from building a model. However, my worry with PWM is that there may not be much scope for new ideas/models in that space, and the work would more be focused on adjustments to existing models, and currently there appears to be a focus on automation, which isn't as exciting to me. With regard to the MBS role, the analytics that goes into the articles that are published would be the most exciting component for me and the manager appears to want to use my quantitative background to help in this regard. Plus, the potential to interact with the trading desk, would be a very useful experience given my eventual goal. However, there will be slightly more mundane components like the actual writing part. For the Treasury role, I would be executing trades, but the work seems to be very regulation oriented.
 

pingu

Well-Known Member
Get the Treasury role. From your descriptions, that's the only one where you will be involved in managing money.
 
Get the Treasury role. From your descriptions, that's the only one where you will be involved in managing money.
After talking to the treasury team a little further, it would appear that the role has quite a bit of an operational aspect to it, so I'm leaning towards not taking it. Given that, which would you recommend among the MBS and PWM roles? Thanks
 
Top