Assuming someone had the possibility to work at an excellent trading desk at an okay bank (BB but not top anymore) or to work at an okay, just about FO-desk (Securities Lending) at Goldmans, which to choose?
The top trading desk. No question. In S&T, the bank name doesn't mean shit, it's all about the individual desks.
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
well, i wouldn't say the bank name doesn't mean shit, because for some banks the level of client flow matters. (e.g. someone at MS exotic commodities will be able to execute maybe 5 or 6 trades a day whereas an MM or recently-started desk only looks at 2 or 3). however in general Securities Lending doesn't sound particularly interesting, and I think it's part of prime brokerage at GS?
What Gekko21 means by the name of the bank doesn't matter is that the top desks (hence the ones with the top flow) aren't necessarily at the top banks.
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"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
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The top trading desk. No question. In S&T, the bank name doesn't mean shit, it's all about the individual desks.
well, i wouldn't say the bank name doesn't mean shit, because for some banks the level of client flow matters. (e.g. someone at MS exotic commodities will be able to execute maybe 5 or 6 trades a day whereas an MM or recently-started desk only looks at 2 or 3). however in general Securities Lending doesn't sound particularly interesting, and I think it's part of prime brokerage at GS?
What Gekko21 means by the name of the bank doesn't matter is that the top desks (hence the ones with the top flow) aren't necessarily at the top banks.
agrees 100% with Gekko21. More importantly, if I were in that position I will choose a desk/bank that I think I can succeed as a trader.
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Praesentium sunt omnis id sit. Laborum aut et autem velit deserunt tenetur doloremque.
Dolore sit ex cupiditate sed eos. Architecto repellat consequatur exercitationem consequatur. Reiciendis dignissimos quis quisquam sit. Placeat in alias quidem.
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