What do you do as: Equity Sales Summer Analyst?
(Monkey, 43
Points)
on 12/12/10 at 8:25pm
As a Equity Sales Summer Analyst what exactly do they have you do? What are your daily roles/tasks, what are the hours like etc.
I would appreciate advice from anyone with experience as a Summer Analyst in Equity Sales.
Thank you-





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A lot of people do certain things to add days to their life. I do things to add life to my days.
I'm surprised no one has
I'm surprised no one has answered this. Is everyone on this forum just people looking to be SA?
I will probably do a larger
I will probably do a larger post about this earlier in 2011 as people start to get offers, but some of the basics.
get breakfast, lunch, coffee, pinkberry
sit with traders and sales asking questions talking about life and getting to know everyone
getting assigned some project or presentation that is due at the end of the summer
create daily reports for sales guys, print things out, put them on traders desks before they get into work, ect
send emails and meet with other traders in sales at other groups
of to presentations by upper management at the bank with the other interns--CEO.CFO, head of equities, ect
if you good with excel, you will probably be asked to create a spreadsheet to pull data or make some sort of calculator.
Random assignements--pull this data, format this spread sheet.
A lot of the intership is you bullshitting around and/or finding your own work to do and impress everyone.
"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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A lot of people do certain things to add days to their life. I do things to add life to my days.
spent 4 weeks on an equity
spent 4 weeks on an equity salestrading desk:
Duties:
Coffee/water/breakfast/lunch runs
daily sales calls when they werent that busy (generally around 10/11ish)
main project: get to know everyone on the floor
Even tho i didnt want to do salestrading, it was a brilliant first rotation because they really stressed networking, and I was able to go and talk to everyone my first couple weeks as opposed to other interns who were bogged down with excel. Through this i was able to get on the desk i really wanted later on.
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Interesting. What kind of
Interesting. What kind of technical work do they have you do?
Could be anything. Pull
Could be anything. Pull industry data, price data, make a vol calculator (this is more for you then them), compile a list of available securities to send out to other sales guys, compile a list of clients, there is no limit on the number of things you could do. It just depends on what they need done and want to assign you.
"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."
Gekko21 wrote: Could be
Could be anything. Pull industry data, price data, make a vol calculator (this is more for you then them), compile a list of available securities to send out to other sales guys, compile a list of clients, there is no limit on the number of things you could do. It just depends on what they need done and want to assign you.
So do you actually learn much, and does it prepare you for when they give you a full time offer? Sounds like it's pretty mindless work that any kid who knows how to use a computer could do...
You should also learn and be
You should also learn and be tasked with giving a stock pitch. Key to learn during summer internship - networking, salescalls, sales pitches. Understanding and reading daily research. Understanding different types of clients and what their needs are. Listening/attending different research/trading calls that are internal - writing them up and distributing them to your team
I am a 1st year analyst on a
I am a 1st year analyst on a equity event driven desk. Have prior experience with prop trading however.
here is a typical day for me
5:30AM - Morning call note highlighting key events from overnight in world markets. Basically just getting an overview of what happened in Asia/Aussie/Europe/commodity/currency/IR futures levels. Look at key data/earnings/speakers etc for the current day. Scan all event driven stocks for news/new deals since yesterdays close. In particular I read WSJ Main & Markets Section, FT, Reuters, tradethenews, dealbook.
6:15AM - Morning call briefing the traders I cover with the highlights. This is really key because their time is valuable being able to summarize what happened and pick out the most important things is important.
6:15AM-9:30AM - Keep eye on event driven names watching pre market trading. Keep close tab on news feeds for news/new deals. Alert traders to whats trading in pre market.
9:30AM - 12PM - Continue to monitor event names for news along with any important general market news. Lots of alerts set for names we are trading in.
12PM - 2:30PM - Project stuff, usually working on some sort of project to automate tasks. Volume is typically light during this period so dont have to watch market as closely but still need to monitor the names we are trading.
2:30PM - 4:00PM - Work on end of day summary
4:00PM - 5:30PM - Update logs, proprietary databases we maintain and wrap up any project work get to stopping point.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
trade4size - Have a SA
trade4size - Have a SA position at a BB for next year, hoping to join an equity event driven desk like yourself but no prior prop trading experience. What skill sets are important and what are they looking for?
I am going to be vague and if
I am going to be vague and if there is anything you would like more clarification on I will be happy to elaborate.
Communicate quickly with team members regarding what is driving the action in the space
Understand the types of deals
Able to use excel to set up deals so you are able to monitor them
Understanding of deal process so you are able to follow a deal
Understand how to evaluate risks associated with a deal
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.