Question about trading internships
Hello everybody,
I am going to be a junior this coming year. I go to a top 100 university in the Midwest and make good grades. I am interested in packing it up and moving out to NYC next summer to try to make a name for myself in that crazy jungle known as lower Manhattan/ Wall Street. I have worked at an investment management company while in college for 1+ years and have quite a bit of relevant trading/ money management experience and also have a series seven certification, if that even matters.
My question is, can anybody give me some advice as to how I should proceed in finding a job in the city? I know that Susquehanna is a well respected market making firm that, from the looks of their website, seems to run a nice summer internship program for juniors. Can anyone provide me with any information on any other places that offer solid junior trader/ trader assistant summer internship programs that I could keep in mind for next summer? I don't have the luxury of going to an Ivy League school where the opportunities are brought right to me, so any help or advice would be appreciated. I figure its never too early to learn and start educating myself on what's out there.
Thanks.
-shep
It's going to be very difficult, try Houston or regional offices, Dallas.
Even with a 4.0 GPA, U of Tulsa is simply not recognized.
Yea....top 100 is somewhat meaningless (no offense, but they call those schools non-targets for a reason). But even so, there's probably a handful of alums that have made it into financial services that could probably help you out, try that regardless of whatever school you're at because often alumni from smaller or non-target schools are more willing to help kids with this kind of ambition. also if you've got a good relationship with your current boss, ask him if he can give you any insight or see if he has any connections (Also...going to an ivy league school isn't really fairly characterized as a luxury)
alright well now that two people have completely disregarded the point of my post, which was to ask which places in the city have solid trading intership programs that i could apply for, can anyone get back on track here and help me out?
i'm sick of hearing everyone tell me how my school sucks. forget you all. anyone out there who would like to give me some information that i can run with then i would appreciate it. i completely understand that self-promotion is the name of the game when you come from a non-target; all i'm looking for is the name of some good market making/trading firms to put on my list of places to follow up with this fall when i'm considering where to apply to.
thanks!
I clearly sense some insecurity; nobody said that you're school sucked. They said that going to a top 100 school is meaningless when investment banks "target" most of their recruiting at a handful of schools. At that point, it doesn't matter if your school is ranked #57 or #1,057. You will need to network to get in. Contact some alumni that are in the fields you are interested in.
And try not to be so defensive in your interviews. The question "Why Tulsa?" WILL be asked.
disregard your post? "My question is, can anybody give me some advice as to how I should proceed in finding a job in the city?" I suggested you take advantage of whatever alums you can get hold of because they'll likely be willing to help, give advice, or even get you an interview or slide your resume into the right hands. Also many people don't take advantage of their bosses/coworkers at internships and these people often have great connections as well. That's legitimate advice for anyone. You simply listed you go to a top 100 school, never really acknowledged that you're a non-target and will face a barrier (unfair as it may or may not be). I was just pointing that out, without being rude or condescending because some people actually aren't aware that many firms recruit heavily from just a few schools and ignore the vast majority. Further I never said your school sucked and I don't have any reason to believe it does. As far as specific places, why not check out some job boards and search for threads on this site. There's one that lists a ton of regional/MM/boutique firms. Maybe you could consider interning outside of New York. Regional banks are likely to be more receptive and if you get some more relevant experience, a big New York firm is more likely to take you seriously.
they definitely will ask "why Tulsa" and what they mean is "why not harvard or standford or columbia or michigan?"...meaning why should we hire you over a kid that got into harvard when you couldn't get in there they don't (usually) think you're stupid or uneducated because you went to a non-target, but they expect you to have some compelling answers that convince them you have something to offer that the hyps kids dont
alright well again back to the original question.
names of places similar to susquehanna in nyc and dallas, houston etc. that would be good to apply to for trading interships?
you F-ing idiot, they are trying to help you by shedding some light on the fact that you are completely misguided. we can give you a thousand names of firms to "apply to," but "applying to" firms is not how people like you get in; it's how people like you get rejected. network with alumni.
sure why dont you pm me, and ill send you the list of firms i spent hours putting together.... or ill let you learn how to use a great tool, called google. i like it because you can search multiple things at once, like "dallas trading goldman" or "energy trading houston." with a little luck you may get the hang of it. your problem solving and ingenuity will be favorable traits during interviews.
capital iq does all of this for you (if you have access to it).
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