I’ll join Bloomberg soon as new grad software engineer (Didn’t get Google return). But actually from very beginning I’m super inclined to join BBG because this opportunity to open door to finance/Wall St for me, and I like quantitative a lot. I’ll try my best be great financial software engineer. But for tech roles in finance, pure SWE seems always be supporting/second class citizen; while quantitative/math+ financial domain seems more like core role, right? Plus I like both engineering and mathematics, my career goal would be quant /data scientist/ quant developer, etc. Questions: 1. What teams within BBG could be fit if my goal is to learn engineer + quantitative + finance? 2. How can I further my education in finance and math? (Already have CS master). The best I could think if those part-time financial math master offered by NYU or Columbia? But is this necessary ( Or Would internal training be enough?) Do you guys have friend around in BBG who enrolled in such program? 3. I guess those real quant at top institution (like citadel) will still need PhD in math? So my CS background + BBG experience + finmath degree still not enough? If this is not working well for me, I’ll plan to back to pute tech. But I’m always into some domain, general tech role is less fun for me. Many thanks.
No you don't need a PhD for most quant roles. Your dev skills are going to be very valuable and will get your foot in the door in a lot of places, where you can eventually transition to full-time research. I suggest studying stats on your own, and try to pick up finance by osmosis. Talk to colleagues about finance topics and understand how veteran quants think about things.
Thanks s I much. So it seems you provide an alternative way. First build solid coding skill, and self-study stat/math, accumulate finance knowledge, then seek for internal transfer from dev to quant role within the same company like investment bank or hedge fund?
But even for “internal transfer” path, guess another part-time finmath degree would make me more competitive?
An interesting post showed up recently that may cover some of your questions. Check out "Bloomberg team related to financial application". I'm in a similar position, also joining Bloomberg soon, good luck!
Thx! I just start to use this app. Yes obviously people have raised similar question! So seems new comer to BBG all have similar confusion lol
I personally plan to ask these questions once I join, at the beginning of my FSD training. I believe it's also in their interest to place you on a team where you will fit in, right?
TC please?
If you were at Google then you're gonna have a hard time adapting to BBG. It's a whole different world here 🤣🤣
How different? Can you elaborate?
see the other thread about BBG on blind.
If you didn't get a Google return offer, you probably have room for improvement.
To be honest, it’s because il graduating this summer while google policy requires we should be back to school in order to be considered return.
1. One team that comes to mind is derivatives. They have some quant people working from them. I am sure there are other teams but I don’t have any knowledge of that. 2. BB pays for CFA. 3. No idea of quants but I am getting many emails from hedge funds, asset management funds and other financial institutions for dev roles. If nothing works for you, you can always go back to FAANG. Google is notorious for hiring BB people. I get calls from recruiters from Google and Amazon so I assume you can switch whenever you want.
^ can confirm everything in this comment
Yea derivatives desks tend to be PhD heavy and are more involved with price modelling. That said, being good at stochastic calculus is I think pretty useless on the buy side and in big tech...Better to be a portfolio optimization or ML expert.
If you’re looking to get into a quant firm as a dev you’re already set on the education side. If you’re looking to get into a quant then you’re probably short on the education side. If you’re looking to get in as a trader then it’ll be a coin toss. But trading roles are fewer and farther in between and the number of openings is generally shrinking.
Thx! I do need more education