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- 3/10/13
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Hi,
I have worked for a model validation team in a bank which oversees dominantly BASEL Advanced IRB models for consumer banking. This involves mainly quantitative works (statistics), big data analysis and programming (SAS). There has been three career options avail for me:
(1) Specialize in this field with an option of expanding the experience in corporate banking IRB
(2) Jump to a consultancy firm specializing in risk management
(3) Jump to a market risk quantitative role
All seem equally interesting for me at the moment.
1. From your experience, how much would the $ be different between 3 career options? Is there any career option that would value my skills here.
2. Which higher education (PhD, MFE, MBA) would be crucial to climb to a senior roles within each options?
3. What kind of locations / countries would the job market be popular for these roles? I am flexible in terms of relocation.
4. Is there any similar roles of model validation in a "true" quant space? I am refering to those quant working on market pricing with traders
I have worked for a model validation team in a bank which oversees dominantly BASEL Advanced IRB models for consumer banking. This involves mainly quantitative works (statistics), big data analysis and programming (SAS). There has been three career options avail for me:
(1) Specialize in this field with an option of expanding the experience in corporate banking IRB
(2) Jump to a consultancy firm specializing in risk management
(3) Jump to a market risk quantitative role
All seem equally interesting for me at the moment.
1. From your experience, how much would the $ be different between 3 career options? Is there any career option that would value my skills here.
2. Which higher education (PhD, MFE, MBA) would be crucial to climb to a senior roles within each options?
3. What kind of locations / countries would the job market be popular for these roles? I am flexible in terms of relocation.
4. Is there any similar roles of model validation in a "true" quant space? I am refering to those quant working on market pricing with traders
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