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How to prepare for ASSET?

What jobs, outside of investment banking, could better prepare me for a role in sales and trading?

  • Hi I'm Karn, and I just got rejected from the final round interview at JPM Asset Management SG but still very interested in working in investment related fields, whether its in asset management firms or investment banks. With the nature of the investment banking industry, firms only hire once a year, usually with applications ending in November, leaving me to apply again next year. Having just finished my bachelors degree in JP and SG, I plan to work first and apply again for the graduate programs in 2015 and was wondering what would best prepare me for that path.  Although I realize they are totally different, another question on my mind is whether I should go for S&T, or Asset Management/ Private Banking; when considering difficulties in jumping in, career progression, and exit opportunities as both will definitely help me grow as a better investor.

  • Answer:

    Academic or private sector research/work in applied math, probability, statistics, or computer science will definitely help with sales and trading. Quantitative skills are in extremely high demand and your marketability goes up drastically if you come from an engineering background. If you have the opportunity, you should try to develop these skills.

Alex Song at Quora Visit the source

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You don't have necessarily have to be in a finance position to be a good at Sales and Trading. You can study finance on your own and also start trading. I highly recommend trading small amounts to learn about yourself. Trading exposes your faults, risk tolerance, and irrational thinking. My suggestion is the following. 1. Study finance      Coursera offers myriad of good finance courses, including one taught by the        Nobel laureate, Shiller.      There are also tons of good finance websites. I suggest reading:       http://zerohedge.comhttp://erohedge.com, disciplined investor, seekingalpha, market folly, valuewalk,       and wealthtrack 2. Start trading      If you don't trade with your money then you are missing out, all the emotional      part of trading, which is really important. Trading will not only discipline you          but will show your weaknesses and follies.           I suggest trading with a small amount about 400-1000 just to get a feel. I              recommend using low cost brokers such as tradeKing. However, all brokers        are ok. Best of luck!

Pureum Kim

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