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Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-05-12 11:57
So I thought I'd come here for some advice.

Due to a merger, I've been told my desk that I'm working for is going to be closed. Most of the workforce will be let go but I've been asked if I can take part of the unwinding of the desk which will prob be 3 months.

So i guess I really want to know what are my options going forward and is it wise taking part in the unwinding and what should I ask for from them (in terms of comp for this period)

From a career perspective I guess my a generalist rather than a specialist which is good or bad depending on your perspective. I've worked at a bank, a HF shop (responsible for starting it up in London) and a MM. Technically, I'm python, SQL and Linux proficient to some degree but not a developer with a Maths PhD with some practical stats, machine learning/AI experience in terms of strategies/data handling. I only want to be working in London/UK going forward.

I'm happy to hear all thought on this tbh

Shyguy


Total Posts: 3
Joined: Dec 2016
 
Posted: 2017-05-13 13:39
I feel sorry for your situation, but your question is not actually very clear. One thing is certain - you need to start looking for a new job, the sooner the better. And if I am guessing right about the merger that affected you, there's currently a lot of interest from headhunters in employees of your company, so try to take advantage of that. Whether it's worth participating in the desk unwinding? I'm not sure what your alternatives are. I would view it as an opportunity to still keep a place while you keep looking for a move, which could be a valuable option by itself. You could check the arrangements about potential redundancy, non-compete, but it's hard for me to see why you'd want to leave voluntarily without securing a new job first.

HitmanH


Total Posts: 443
Joined: Apr 2005
 
Posted: 2017-05-13 16:24
Not really 100pc on what role you've been doing in the roles? Quant PM - general research - or more on a business side?

Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-05-15 11:21
Roles I've done, Quant research,delta one/ Market Making trader, Production Trader/Risk Manager

katastrofa


Total Posts: 369
Joined: Jul 2008
 
Posted: 2017-05-15 16:41
What asset class?

Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-05-17 10:21
traded etfs, cash and futures ( across all classes)

Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-05-24 22:33
Bouncing at some ideas in my head, I'm thinking of doing a Msc in AI so wondering what ppl thoughts are on this? My reasoning is that while I'm quite interested in this stuff my overall knowledge in this is so so and would like to develop it to a decent enough standard so that I can go for some of the more lucrative jobs where I'm super comfortable playing around with data, be it finance or elsewhere. I guess my real question is

1) Is it worth it from a career aspect pov. On completion will I be able to target jobs with a decent payout either in finance or elsewhere?

2) Since I want to do it in London, which courses are the main ones to target?

My overall CV reads as PhD in Maths coupled with 10 years experience in trading. As always thought more than welcome

darkmatters


Total Posts: 69
Joined: Nov 2010
 
Posted: 2017-05-24 23:37
In general, if you have a Ph.D. you shouldn't need to go to any more school. Someone with a doctorate in a scientific field should be able to learn any new field to at least masters level with only minimal guidance (not more than a few review articles or textbooks, maybe poking around for syllabi).

If I see any other academic degrees after a Ph. D., that is usually a red flag for me that the Ph. D. is not what it should be advertising. Others may disagree.

Omega


Total Posts: 426
Joined: Jul 2006
 
Posted: 2017-05-25 06:52
Fair point. Thanks

katastrofa


Total Posts: 369
Joined: Jul 2008
 
Posted: 2017-05-29 13:20
Not all PhD's are born equal :) A PhD from Oxford carries more weight than from e.g. Lodz University in Poland.

darkmatters


Total Posts: 69
Joined: Nov 2010
 
Posted: 2017-05-29 21:53
For a slight thread jack, what does Ph.D. on a CV mean to you?

For me, they are decently intelligent, but also capable of formulating their own research program and executing it (What I was getting at in my earlier post). They are also confident in diving into the details and making sure there are no unanswered questions in an area, i.e. they are finishers. Finishers are hard to find in my limited experience.
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