re: The Wall Street Admissions Test (WSAT)

quote:

---

Best of luck in your job hunt.

---

Thanks.

I think I'm done for now though. I'm not sure how much you know about my situation, but I got hit with a pretty devastating blow a few months back when I learned that the private bank that was my quant master thesis sponsor would not be providing me with enough funds for living expenses abroad. So I packed up and moved to Houston to find a better job than what is available in Louisiana, and had to get one ASAP.

I took a job dealing with analyzing and reporting on syndicated bank CLOs, and was planning to still look for other jobs on the side, but as of Friday, I think I will already be moved to a better position than where I started, so now I'm thinking I'm going to just stay put at my current place for a while and try to save up enough money to get my arse back to Europe.

quote:

---

I'd definitely be interested to hear what kind of feedback you hear on the value of this test.

---

Not much. I don't think it's really caught on yet. I took it as part of my application for Firefly Value Partners, because they make all applicants take it. Still, I was impressed by the setup, the nature of the test, and all the information on the website.

I am thinking that maybe the WSAT will catch on and become more common practice in future years, but it certainly isn't there yet. Nonetheless, I got a pretty good score in my opinion--at least for someone from a non-accounting background competing against other hedge fund applicants, and it's always good to have your name and score in the system, because maybe at some point in the future hedge funds will look at my info stored there and contact me out of the blue. Then again, maybe not, but you never know.

Anyway, I enjoyed studying and taking the exam, and I think the rules say that you can retake the exam every 90 days if you don't like your current score, which stays active for a few years I think.

quote:

---

I'm taking L2 in June

---

So am I!

But, man, I really need to get my arse in gear about studying for it...