I heard some Master of computational finance graduate is working at Murex as consultant. What is the growth potential of the job?
I had an interview with them once, but it was for a IT consultant position there.
CFAMaven, I am going to interview for a financial consultant position. I don’t know if it is a good career move given I am getting a MCF soon. Usually MCF works as structurer/quant/stategist in good market.
It is a software used be many Hedge Funds
Even though they got an office in Manhattan, they are a tech company first and formost, and not a wall street company. I would look for a position closer to what you studied.
Job description: The financial consulting activity encompasses working with our clients throughout the whole life cycle of the Murex solutions: Pre-sale, system presentation, installation, implementation, training, updates, hot line, assistance, etc. Micro-analysis, encompasses all front office and risk management issues related to interest rates, commodities, equities, credit and foreign exchange. Financial consultants in micro-analysis must have a good background in applied mathematics, finance or accounting and a strong interest for financial markets. They must be reasonably comfortable in a technical environment similar to those used by our systems. A good sense for client contact is of course essential. Does it sound like something that will help build a “real” finance career later?
“Does it sound like something that will help build a “real” finance career later?” This really depends on you and the perception others have of you. From the description, you’d likely be interacting regularly with traders, portfolio and risk managers, among a variety of other people within a financial (and non-financial) institution. This gives you great exposure and access to a database of contacts that a lot of others would envy and which you could use to maybe land you work in Finance in the future. Murex is an industry leading vendor of Equity and FX derivative software and is in use by many of the biggest trading floors, so having knowledge of the system and how it’s used can certainly help. In addition, it sounds like there is a sales component to this job, which should increase the upside of this job; however, what that really would be is unknown. That being said, if you have the time and luxury to wait to land a job directly in Finance than wait for it.
I am looking for a job too. Most people suggest me wait for a real job in finance. However, how long a wait is enough that I should cut loss and just take a job for the time being? a couple of months or 6 month or even a year? When it gets difficulty when I still don’t have a job?