MM as a new grad
Will be interning this summer at a (Point72/ Citadel /MLP) in a niche relative value strategy.
The work itself seems to be a mix of fundamental and quant analysis, which suits me since I have a technical background (STEM Msc) and am able to pick the fundamental stuff quickly (at least to a basic level).
I consider myself a risk-averse individual, and given the reputation of MMs to go through analysts/PMs like Pete Davidson does with newly single celebs, I am a bit worried about the likelihood of getting fired soon after starting FT , or getting stuck into this niche strategy (for which I haven't developed a particular interest yet).
My goals are:
- To learn as much about public markets as possible early on in my career, in order to identify which asset class suits me best.
- To be in a position where I'm able to use my quant skills, and have responsibility for my performance (e.g.
trading derivatives either
on
buyside or sell side
)
- Don't care too much about the money tbh, I'm young and I'll know it'll come once I become good at something.
What would you recommend for someone with my goals:
- Get the return offer for the
MM
, and stick it out for as long as possible before getting fired (or make $$$ in best case scenario)
- Recruit for a quanty S&T seats (not sure how this will go since I've never interned at a bank). Could be good since those usually offer rotational programs from what I know.
- Recruit for a smaller
HF
with a graduate rotational program in diff asset classes (think places like Capula, Capstone, etc … have those)
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