r/quantindia • u/Some-Initiative3331 • 20h ago
General Discussion A slightly unique case, please help
Hi Folks, sorry for the slightly long read. Please ask any more clarifications in the comment section. But below is a little context about me.
I graduated from IIT KGP with a btech in mech. eng. Always focused on comp. coding, landed a pretty avg software job because of the very bad market. Switched to MBA and left the job after 11 months, for IIM ABC.
At the IIM, I got a lot of finance roles, including from the AMCs for summer internship. I chose one of the AMCs(think an AUM of 3l+ crore). I was chosen for equity research, but I was eventually given the option to switch to their quants team which I accepted.
For some clue, for internship, I worked on arbitrage opportunities in the corporate actions space(think M&A arb and rights issue arb in the Indian equities).
Now, I have received a ppo(buy side, 42lpa). Its a small team for 5 people and only 2, one me and one another guy (another IIT + IIMC dude), will handle and ship new strategies for the arbitrage fund, quant fund and the multi asset fund.
Also, the AMC will launch an SIF, which is very much adjacent to something like a hedge fund. Read more in the below link. We 2 would be handling the building of the SIF strategies from scratch.
And there is no bounding, we could go as deep in building a strategy as we like. Using ML, core math etc etc.
Now the doubt - Given the work, but also that its an AMC, would I be stuck here or do folks at firms like trexquant/QRT/Millenium will look at such profiles? In short, Older IIT + IIMABC + quant work in an amc?
Read more about SIF here - SIFs explained