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One man's neat, elegant and mathematically compelling solution for getting a top job in a bank or hedge fund

It's also time consuming and involves lots of work. But still.

The great idea comes via David Biello, an author for Scientific American, who yesterday tweeted that:

"embedded at the end of this interview is the secret to landing a job at goldman sachs or trading house of your choice..."

The idea, expounded by the statistical physicist H. Eugene Stanley of Boston University, is communicated as follows:

Let me tell you a story: two to the power of 10 is 1,024. One way to predict the market is to call up 1,024 trading places and tell half of them by week's end the market will be up and the other half that the market will be down. At the end of the week, forget about the half that knows you were wrong. Keep doing that for 10 weeks and, at the end, you will have called the market correctly for one person who will think you are a genius.

Obviously, this approach depends upon there being 1,024 people who will listen to your predictions. It also depends upon your predictions being one dimensional, which may detract from your perceived wisdom. But Biello has a point: persuading someone to hire you is a numbers game. The more people you approach, the higher your chances.

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AUTHORSarah Butcher Global Editor
  • sm
    smells of cats
    19 August 2011

    1 person with no friends thinks you're a genius - great.
    However 1023 people think you're a fool.

    Besides that reputational issue, the one place you'll possibly impress is completely random. It cannot be a trading house of *your* choice. It'll probably end up being some diabolical Belgian-Korean hedge fund where trade validation is done by fax and your boss smells of cats.

  • Ni
    Nikhil
    18 August 2011

    Novel approach. Enjoyed reading the article.

  • Ad
    Adrian
    18 August 2011

    Rooney missing people's point: "the chances of the candidate's foolish strategem being the subject of peer to peer gossip"

  • Ro
    Rooney
    18 August 2011

    People missing the point: "persuading someone to hire you is a numbers game. The more people you approach, the higher your chances."

  • XX
    XX
    18 August 2011

    Getting a job yes... staying in that job, no.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.