<p>Hey everyone, I noticed a Ross to wall street thread and decided to make an LSA thread for LSA students interested in that route or for alumni who have taken that route. </p>
<p>I am pursuing a financial mathematics and Econ dual concentration at UMich and am a transfer student who starts in the fall as a junior. Decided to not go the Ross route as it would require a minimum of 3 years after applying and being accepted(which would take a year as well). I am also very seriously considering a financial engineering masters degree after graduation.</p>
<p>I know that Ross is a huge target school for top companies, but i am wondering what recruitment is like for LSA students who are looking for internships on wall street or other internships that Ross students will be competing for? Can LSA students use Ross for recruiting as well? </p>
<p>What are some good ways to go about looking for internships and competing with Ross students as an LSA student?
Any groups on campus that would be benneficial?</p>
<p>go dig up bearcats and giants92 posts because they are usually talking about it.
From what i’ve read, LSA kids have to network a lot harder to get their resumes noticed.</p>
<p>Square is right, giants and bearcats had some great posts about it. You can and can’t use Ross as a resource. You can go to the recruiting events, network with people, and try to get your name out there. However, you can’t use iMpact, which is Ross’s website for resume drops and stuff like that.</p>
<p>I’ve been told by some people on Wall Street that their firms are starting to recruit with half Ross and half LSA + CoE. It sounds like you’re going for s&t and they (along with consulting firms) love them some quant heavy people.</p>
<p>Network network network… it is definitely possible, it may be harder, but people from Bum**** State University have made it onto Wall Street so if you have it in you, you could too.</p>
<p>square is correct. Several LSA students obviously land jobs on Wall Street each year, but they have to work a lot harder (and be luckier) than their Ross bretheren! The primary reason for this is LSA’s relatively weak career office! If the University made a strong effort, LSA would become a major hunting ground for major companies. Let us hope an alum donates $50 million for the creation of a strong career office!</p>
<p>thanks for the responses everyone. I’ve looked at a ton of their conversations in the past 2 days and it was helpful.</p>
<p>I have not started at UMich yet, but i feel as if i shouldn’t be competing with many Ross students…The internships i would like to obtain would ideally be quant heavy positions…correct me if i’m wrong but Ross students wouldn’t really be classified as quant heavy applicants, correct? Maybe i have the wrong idea of Ross’ curriculum. or maybe quant heavy positions aren’t given to undergrads? </p>
<p>what sort of internships would top financial engineering programs look at as quality experience for students applying for admission? Would s&t be high on that list?</p>
<p>What someone told me about the jobs a lot of the MFEs from UMich do is act as an intermediary between quants and traders. So they can understand what the quants have done, and then they explain it to the traders so they can use it. Apparently there’s a very big gap between the quants and the traders in technical level. He said that the MFE program is too math-lite to adequately prepare someone to be a quant, but more technical than a trader would need so they fit in-between to fill that gap.</p>
<p>Real hardcore quants have Phds. People who graduate from MFE/MFin programs are really pseudo-quants. On the sell-side, they are essentially desk quants. There is a huge difference between what a real quant and a desk quant does, not saying one is better than the other. </p>
<p>On the buyside, HFs that deal with derivatives also need a number of real quants and a number of desk quants. For traditional long-onlys that don’t deal too much in derivatives, they use a bunch of quants for quant equity/FI research, asset allocation, and investment risk (not the same as sell side risk monitoring, more about using risk/factor exposure (Barra models for fundamental factors for instance) to explain/construct return)…MFE or even a strong undergraduate math background would suffice for these roles…</p>
<p>If you are interested in a career on sale side trading desk or a quant at a long-only, PM me. I can point you in the right direction.
I more or less do PMs these days as opposed to post my views because I have a tendency to cause unnecessary debates :p</p>
<p>bearcats, i PMed you a few minutes ago. I might eventually plan on getting involved with hedge funds dealing with derivatives, but for now(no PHD) i will not be able to go that route. I already PMed you so i guess i can ask more questions there, but thanks for the post and i am def looking forward to your advice and direction</p>