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poorengineer


Total Posts: 6
Joined: Jul 2008
 
Posted: 2010-02-07 20:27
Guys,

What are your thoughts on the Bloomberg Financial Software Developer program?

I'm interested in training to become a quantitative trader but right now it isn't feasible for me to get a PhD/MFE since I hold a Masters in another engineering discipline.

Do you think it's possible to use this position as a possible stepping stone to move into quantitative trading?

FDAXHunter
Founding Member

Total Posts: 8372
Joined: Mar 2004
 
Posted: 2010-02-07 21:05
Bloomberg employees do not have a good reputation in the market place, period (I find it difficult to conjur up a situation where I'd say: "This guy worked for Bloomberg on their charting tool/volatility surface tool/yield curve tool.... we should hire him!"). It's just not going to happen.
And mind you, you could end up working on utterly useless crap like "Boot-Strapped Analysis of Security Sector Dividend Implied Cost Kalkulator : BS ASS DICK <GO> ".
There are some good people at Bloomberg, but they made their name OUTSIDE of Bloomberg, never at Bloomberg.

Having said that, one can always quote Adidas (or Alexey Vayner) on these things: Impossible is Nothing.

The Figs Protocol.

quantz


Total Posts: 237
Joined: Jan 2009
 
Posted: 2010-02-08 04:14
fwiw i have a friend who worked there who said they have a handful of elite groups mixed with a lot of crap ones

poorengineer


Total Posts: 6
Joined: Jul 2008
 
Posted: 2010-02-09 03:40
Thanks for the input--if my end goal is to sit on a quantitative trading/strategy desk, what would be a better avenue to investigate?

Finrec
Banned

Total Posts: 3
Joined: Feb 2010
 
Posted: 2010-02-09 16:25
Bloomberg is OK if you want to stay there a while and not transfer to a hedge fund. As commented before, it will be difficult to transition to a pure hedge fund or prop shop. Look at my site in my profile for more info. Feel free to contact me with any questions on your search. Thanks.

baghead


Total Posts: 868
Joined: Sep 2004
 
Posted: 2010-02-09 16:52
finrec = quantrec (which has been banned)

Blendertime

credit hubris trading... uhm... hybrids....

Cheng


Total Posts: 2870
Joined: Feb 2005
 
Posted: 2010-02-09 16:55
Recruiting via a blog... Puke

Blendertime

"My pain is constant and sharp / And I do not hope for a better world for anyone / In fact, I want my pain to be inflicted on others"

baghead


Total Posts: 868
Joined: Sep 2004
 
Posted: 2010-02-09 17:04
I was just thinking maybe it was just a bad start and the guy should read the phorum guidelines and contact SIP. then I saw this pic

On the phone, baby... very classy

credit hubris trading... uhm... hybrids....

Ice Viking


Total Posts: 239
Joined: Aug 2007
 
Posted: 2010-02-09 17:29
"on the phone " playa playa whud...I'm diggin the shades in the office. Says, yes I am sophisticated but I also know how to party which is why I'm hungover today.
Quantrec, finrec, trainwreck..coincidence?
Blendertime

"i am a shark, the ground is my ocean and most people can't even swim"

FDAXHunter
Founding Member

Total Posts: 8372
Joined: Mar 2004
 
Posted: 2010-02-09 23:21
Why do we not have a douchebag emoticon? I mean we really should have one?

The Figs Protocol.

Cheng


Total Posts: 2870
Joined: Feb 2005
 
Posted: 2010-02-10 08:36
Good idea FDax. We should contact Ser Ilyn Payne on that one.

Baghead, it's the glasses. The glasses make the difference...

"My pain is constant and sharp / And I do not hope for a better world for anyone / In fact, I want my pain to be inflicted on others"

Finrec
Banned

Total Posts: 3
Joined: Feb 2010
 
Posted: 2010-02-10 15:52
Feel free to private message me for more advice to your particular situation.

nycrecruiter


Total Posts: 3
Joined: Dec 2007
 
Posted: 2010-02-11 01:07
I have worked with a number of people from BLP and my success rate in placing them at hedge funds is very poor -- and I have tried NYC, Chicago, Philly, etc.

In my experience, the two best paths to quant trading are PhD OR C++ software development.

Since the PhD route is blocked, the development route would appear to be the best bet.

Question -- how good of a C++ developer are you? Are you an EE guy who's more of a C developer (that's my deduction based on the "another engineering discipline" + BLP which is very open to C programmers).

I've had success in placing folks from telecom, security, software, even back office groups who were incredible C++ folks, knew the language very well. Then, after a year or two building infrastructure at a high frequency shop, they naturally migrated to quant trading.

http://itrecruiternyc.blogspot.com/

Nikkei


Total Posts: 7
Joined: Mar 2010
 
Posted: 2010-03-24 07:31
Why did they ban FinRec/QuantRec?

Cheng


Total Posts: 2870
Joined: Feb 2005
 
Posted: 2010-03-24 07:50
Search a little and you will find other threads featuring him.

"No trade with death / No trade with arms / Dispense the war / Learn from the past"

Deve10per


Total Posts: 11
Joined: Feb 2008
 
Posted: 2010-03-24 11:51
I'd recommend developing to Thomson Reuters.
But then I would as I manage the Developer Community !

Are you setting up on your own, as an Independent Software Vendor or as part of a financail institution?

Reason is, there are different programs and services for different entities. More here: www.reuters.com/developer

Any questions give me a shout
:T

granchio


Total Posts: 1541
Joined: Apr 2004
 
Posted: 2010-04-08 18:18
Deve10per,
i'd have some questions for you but cannot give you a shout, as there is not email in your profile. could you possibly email me?
thanks

"Deserve got nothing to do with it" - Clint

sasquatch
Certified Headhunter

Total Posts: 330
Joined: Aug 2006
 
Posted: 2010-04-08 18:45
Perhaps we can insert this pic?

http://i578.photobucket.com/albums/ss225/autumnsorroze/memes/Bag_of_douche.jpg


Jurassic


Total Posts: 373
Joined: Mar 2018
 
Posted: 2020-09-27 16:31
"Bloomberg employees do not have a good reputation in the market place, period"

What is the problem with Bloomberg developers? I thought that Bloomberg was viewed as one of the top places for financial technology. A number of people have from there to Google I noticed as well.

tomgailey
Banned

Total Posts: 13
Joined: Oct 2020
 
Posted: 2020-10-02 11:35
gripping)
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