Ask For Help About Career ?
- Thread starter wealthdg
- Start date
What about the possibilities for an M.D. to work for a hedge fund?
I am developing systems for two years and I am not happy with them up to now.... I love maths, though I haven't used it for a while. Once thought about studying it. Anyway.
What do you guys think my chances are to get a job with a hedgefund?
I am developing systems for two years and I am not happy with them up to now.... I love maths, though I haven't used it for a while. Once thought about studying it. Anyway.
What do you guys think my chances are to get a job with a hedgefund?
If you have some expertise relating to health care or biotech type technology, certainly there are many funds that hire specialists to help them navigate these sectors.
Quote from wealthdg:
Hi,there,
I am asking for some suggestions here. Thanks a lot in advance for your help.
I am a Ph.D.. student in Physics. I will get my Ph.D in half a year. Most of my work are modeling and simulations of crystal growth. I am very interested in trading and have been trading in my spare time for about 2 years. This year I turned $2000 to over $20000. I am very happy about that. And hope I can turn the $20000 to $100000 in 2004. I am using an ameritrade account for online trading. Most time while I do my physics research on the computer I put my orders also.
Now I am looking for jobs. I have a dream to start a hedge fund or mutual fund firm or other private firm in future because I love this business of trading. It is the most challenging job I had done so far. You got excited so much every day. I just love it.
However, I don't know If I am qualified to get such a job in the trading business? And I don't know what position is appropriate for me and how can I find such penning? Is prop. trader a good choice? I don't know if they require series 7. I don't have this series 7. Any comments is highly appreciated !
Thanks again!
Job Title: Arbitrage Trading System Developer
Job Description:
Opportunity in the Front-Office Trading Systems Development group of Wall Street firm. Duties include the development of trading and risk-management systems for use on firm's fixed-income trading floor.
Responsibilities include business analysis/system design, programming/development and production system maintenance/user support.
Required:
Three to five years of C/C++ development/programming experience and at least one year of development experience using a relational database. Must demonstrate technical proficiency in each of the following areas: Object-oriented design techniques, C++ programming, computer science concepts, GUI development, Unix programming and inter-process communications concepts/programming. Demonstrate the ability to analyze complex business problems, and communicate their technical knowledge effectively.
Location: New York City NY
Duration: Permanent
Pay Rate: Up to $100,000
Be careful about these types of jobs: While they may get you in the door they rarely lead anywhere except down the road to being a programmer: a Phd in physics should have more ambition than to simply become a programmer.
Also, these types of jobs typically involve quite poor working conditions. I have been called into to many of these companies to oversee and fix troubled projects and have only encountered a few quality teams....
Also, these types of jobs typically involve quite poor working conditions. I have been called into to many of these companies to oversee and fix troubled projects and have only encountered a few quality teams....
Agree. Like coming to the trading desk everyday before 7:00 am, taking abuse from the traders, no time to do programming at all because of all the support issues, etc. One of my friends, who has a Ph. D Physics degree, quit within one week. (The traders kept on yelling at him everyday.) However, that was 1998. Things may be different now.
