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What would the role names be for positions like this at an IB? Been interested in this type of work.
by AdamM12 7y ago
What would the role names be for positions like this at an IB? Been interested in this type of work.
- richardcrossley 7y agoSomething called "Desk Developer", "Deskdev", "Rapid Application Development" or "RAD". I was in the Deskdev team in an investment bank for 4 years, great fun and I learned a lot about Excel.
- AdamM12 7y agoOk cool. Thank you!
- clausok 7y agoThe desk-aligned dev spot is a tough one to land. If you’re not hailing from CalTech, MIT, et al, I suggest the highest-probability strategy is an indirect one: get a client-facing job at hedge fund administrator, get great at Excel+vba; over-deliver for the fund’s CFO and/or traders in all their post-trade questions (that’s why Excel+vba expertise is important: it’s easy to deploy to them as just an Excel file); get recruited. The right spot at a fund administrator is much less competitive, and you get an opportunity to impress the same people you would if you were hired directly onto a desk. Excel+vba is an odd beast because, nowadays, it's rarely seen as a differentiating skill -- it's not taken seriously -- and yet on almost any trading desk there is an infinite series of todo's where Excel+vba is just the right tool for the job.