I am currently working for a company which provides technical services to Government agencies.
I am interested in gaining IT experience in the Financial domain and looking for jobs in and around New York city. I did get an interview call for a Java Developer position with a Hedge Fund. The Hedge Fund was started in 2005, so they are new. I am not quite sure of what Hedge Funds are, or the kind of software development work they do.
So my question is, is it better to continue looking for a Java Developer position with some financial services company? Or should I try to pursue this opportunity as it might give me a break in the financial industry and maybe after gaining some experience, I can move on from there.
If any of the ranchers could advice me on what would be a better approach to get into the financial industry, it would be helpful.
Thanks Mark and Ali for the information. I did read up on some articles for Hedge Fund.
What my main concern however is the software development part in the financial industry. Most of the Java/J2EE jobs are for production support and extending the existing trading system the companies have already setup. I am not sure whether I should take up these opportunities or continue looking for firms which offer more than what I have mentioned above. If the IT market is good, I believe the ideal thing would be to continuing looking for jobs which offer work on the development front too.
Originally posted by Kailash Thiyagarajan: What my main concern however is the software development part in the financial industry. Most of the Java/J2EE jobs are for production support and extending the existing trading system the companies have already setup. I am not sure whether I should take up these opportunities or continue looking for firms which offer more than what I have mentioned above. If the IT market is good, I believe the ideal thing would be to continuing looking for jobs which offer work on the development front too.
I only partially agree with this. There *are* a ton of jobs related to maintanence, and updating existing systems.
However, there are also a lot of new development too. Some of the stuff, like risk management, program trading, analyst tools, are constantly in development -- and tend to developed in-house because they generally are considered IP.
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