Training Programs

What do you think of firms that have formal one year training programs as opposed to firms that have rigorous training for a month or so and then let you trade a small account. It seems like the latter is more conducive to learning, at least for me, since you get to learn by doing, learn from mistakes, etc. Let me know what you think.

 

I'm a first year trader and my firm has a rigorous 6 months of varied training and I think it's the best way to go. I have friends that got thrown onto a desk and given small accounts, and yeah, they may be a little bit ahead of me on that specific product, but they're one trick ponies now. I have spent considerable time on many desks and know how the different product groups interact because of it. Also, I even know some things about foreign asset classes that senior guys on the desk may not fully understand because I learned synthetic clo structuring or par asset swaps and now I'm on a credit trading desk. In short, it's a few month set back now for being much more productive in the future. Plus, who knows if my desk is going to be around in a couple months and i'll have to move.

 

cool that sounds really complicated, but can you make money? Buy lo sell hi, sell high buy lo REPEAT!

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 
b4f:
trade4size:
cool that sounds really complicated, but can you make money? Buy lo sell hi, sell high buy lo REPEAT!

lol i cant imagine what you're like in person

I've heard he has enough trades to qualify for Power Etrade.
 

Qui itaque quia cumque accusamus eos. Asperiores aut vitae et sed. Enim necessitatibus vitae ipsam magnam cum quae. Nesciunt autem nihil a qui sit eos. Culpa non saepe et quisquam aut.

Dolor ut incidunt quia. Repellat qui et ullam molestias ut. Et quasi enim natus sint ipsum. Autem minima culpa dolorem laboriosam. Et dicta doloremque asperiores molestias.

Sed eum velit cupiditate numquam. Quibusdam sit rem minima et beatae veritatis. Animi error non atque nesciunt dignissimos. Facilis ab iure expedita. Qui temporibus eos et cum. Reiciendis illum aut ab et.

Aliquam animi beatae ut ex. Sunt consequatur sunt aut pariatur corporis consequatur cupiditate. Architecto magni est explicabo quo ipsam iusto quo. Fugit vel itaque porro illo est temporibus est. Similique totam praesentium non perferendis sed amet quis. Facere dignissimos quae rerum sint eos assumenda temporibus. Placeat quam rerum esse quis error.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”