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Total Posts: 8
Joined: Oct 2007
Posted: 2008-04-18 20:00
I am about to start as a junior trader on a good sell-side fixed-income desk (my first finance gig). I was wondering how difficult it would be to transfer to another asset class after 2-3 years, either at the same bank or in another shop. Are the skill sets transferable between different desks, or are you pretty much pigeonholed from day one in the asset class you happen to have started in?

Intuitively, I'd guess that jumping between somewhat related asset class (swaptions to IR exotics, equity options to FX options, ...) should be feasible, but not if the gap is too wide (e.g., structured credit to rates) - but I have no clue if that's the way these things plays out in practice. I'd love to get some insights on this from experienced traders or headhunters!



Total Posts: 1009
Joined: Jun 2004
Posted: 2008-04-19 03:47

the generalized career path for those that make the cut is to find an area and build a career there. this is because the market for different asset classes has cycles. so you spend your time earning positive carry until your market goes bonkers and then you hopefully make a fortune. then become manager, start hedge fund, retire.

of course, that's generalized. my career looks nothing like that. nor would i recommend my career path to pretty much anyone.

Too many people make decisions based on outcomes rather than process. -- Paul DePodesta


Total Posts: 152
Joined: Mar 2018
Posted: 2018-09-21 20:05
also interested in OPs question
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