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Nov 2007:30 AM PST
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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
23 Apr 2010, 10:06
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gkumar
gkumar, I'm not sure exactly the process for getting into these roles. I think you need to be a bit lucky in terms of timing as to when a position on one of these teams open up. The reason, quite simply is that there just aren't too many. Just using the strategists at my bank as a proxy...we have investment grade strategy, high yield strategy, and structured credit strategy. The dude running IG runs a team of 4 people, he was recruited on the team from cbs a few years ago, another associate recruited undergrad from yale. There is one chick running high yield, she was recuited out of undergrad onto the IG team like 5yrs ago, last year became HY strat...structured credit run by another guy from columbia with comp sci background, again runs team of 4. There is also an "analytics" team. Analyze paper in IG, HY, and distressed...run by a chick from HBS, i know there is an associate recruited undergrad from gtown a few yrs ago. Group of like 8 or 9.
Again, I don't really know how you get on these...just using what I know as a proxy. I think I recall seeing some posts on the cfa job board for a position on one of the other banks desks. But as you can see, it is not like ibanking where they recruit a whole slew of associates. My guess is that you would get on the trading desks, then transition to this role...unless you are really lucky and get recruited when they are in need of another person. but i don't know for sure and this is just a hunch.
23 Apr 2010, 10:07
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msbroker
oh yea this is just for US...we have euro and asia pacific strategists, but don't know them.
23 Apr 2010, 10:10
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msbroker
msbroker, thanks for the follow up. I wasn't sure myself on what the entry points would be. It looks like it's a mix: cfa, ugrad, mbas, and transfers from trading. And after talking with some people from Stern and CBS, I agree with you that the supply of strategy/research roles are quite limited and hence adhoc/competitive.
