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Corey


Total Posts: 166
Joined: Feb 2008
 
Posted: 2009-08-19 20:32
Hey all,

I am about to start my first week in my computational finance degree and they are already beginning to press us to get our resumes in shape and start the internship hunt for next summer. My biggest problem is that I don't know what sort of internships to begin looking for!

Ideally, I would like to develop a career in researching quantitative investment models and dynamic portfolio management. However, my interests also lie in systematic trading (and I am especially intrigued by the high frequency space and stat arb).

I am currently looking into internships in trading or quantitative research in systematic trading. I am looking into firms like D.E. Shaw, Wolverine, and DRW Trading.

First, I am wondering if anyone who is more knowledgeable with career trajectories in finance could lay some knowledge on me as to what sorts of internships may be more beneficial to my long term career goals.

Secondly, I am looking to work either in the Chicago, NYC, or London areas for the summer. Can anybody recommend any firms that might fit with my interests? I am looking for smaller firms where I could make a bigger impact, but also firms that have a strong tradition of success in their area so I can learn from the best.

Any thoughts?

Thanks!

"Then there was the man who drowned crossing a stream with an average depth of six inches." W. I. E. Gates

sasquatch
Certified Headhunter

Total Posts: 242
Joined: Aug 2006
 
Posted: 2009-08-19 21:01
I would suggest that you look at any of the firms that are known for their quantitative approach:

Banks -

Goldman Sachs
Morgan Stanley (PDT or ETL are the primary groups that come to mind for you)
Barclays
Deutsche
JP Morgan

Hedge Funds -

Two Sigma
Millennium / World Quant
Renaissance (tough to get into and I don't know that they offer internships)
HBK
Citadel
IV Capital
Tower Research
Knight
Blue Crest
Winton Capital
GSA Capital
Etc.

Prop -

CTC (Chicago Trading Company)
Fox River Partners
Jump Trading
Spot Trading
GETCO
Sun Trading
Matlock Capital
Ronin Capital
Allston Trading
Chopper Trading
Tradelink
Etc.

In regard to your future career trajectory: any quant job (other than perhaps quant risk or quant development) should be your aim. Experience is experience...

Ping me off-phorum for further details. Note - as a recruiter, I've never been paid to place an intern. Perhaps some of my brethren here have, but I have not. I'll point you in some directions, but you're going to need to do the leg work.

Sas
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