Group One trading, risk management, help getting into S&T?
I have an interview coming with Group One trading, for their risk management division. This is the only position open that I can apply to. However, my goal is to get into trading. I am only a sophomore right now, will getting this position help me get a S&T internship this summer?
Has any one ever heard of Group One? How good is it? though it says it's one of the largest proprietary options trading firms, it seems like its primary role is an options market maker. Does it mean the internship will not be challenging, because it mostly just makes markets?
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WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
55%
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45%
Total votes: 80
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I will send this post to my
I will send this post to my friend. He will be able to answer your questions.
...
I just got an interview with them for FT as an equity derivatives trader trainee, so if anyone has anything to add about Group One then please chime in.
Thanks trade4size. I
Thanks trade4size. I appreciate your help!
me too
They contacted me last week to set up a phone interview for the equity derivatives trader trainee, but didn't see the 2010 graduation date on my resume, and said they'd contact me in a week or two for an internship interview for the same position.
I don't know a whole lot about it, though...
cdw38, the internship, do
cdw38, the internship, do you think it's just for the summer. On their website, they said they have a structured internship over the summer. I'm actually not really sure if they hire people to work part time in the school year...
yeah its for the summer
Or that's what I'm looking for. Maybe they do part-time interns from NYU or Columbia or something but I don't think that's very common...
I would strongly reconsider
I would strongly reconsider working for Group One. I received an offer there, and they (Chicago office) are definitely one of the most unprofessional shops I've visited. Lisa Saliano (the HR manager) definitely exaggerates the figures on how much their traders make just to attract talented kids, and I've had personal conversations with many of the traders there that aren't exactly too happy. PM me if you guys want more info.
why?
I was wondering ... what kind of interview questions do they ask?
are definitely one of the most unprofessional shops I've visited. Lisa Saliano (the HR manager) definitely exaggerates the figures on how much their traders make just to attract talented kids, and I've had personal conversations with many of the traders there that aren't exactly too happy. PM me if you guys want more info.
why unprofessional? do you know the actual figures/comp? -you can PM me it be great. im thinking of sending my CV all next week.
Can anyone tell me what type
Can anyone tell me what type of questions they asked for their phone interview? I have one coming up. Thanks!
Group 1
Much more quant/brainteaser focused than personality fit. Not sure what you mean by market making being "easier" and less challenging, but you are pretty off there. Good luck.
starting pay is low, like
starting pay is low, like most prop shops (~40K)
then, you eat what you kill yourself.
G1 Sucks
I worked for Group one for seven years. Started at the bottom and worked my way up to trader. All they do is make markets in mostly equity options. The reason for this is that their style of trading is not conducive to making money in the indecies. They very much over state the compensation their traders make and anyone below that level is makeing crap. The one good thing about them is that they are very selective in their hiring process and if they make you an offer then you pretty much could get a job anywhere.Internships are for the summer only and you are treated like a whipping boy. I would highly recommend interviewing with them for the practice but you should seek employment elsewhere. Their interview process is second-to-none but, as I have said, working for them is horrible.