So after the whole greg smith thing, Blankfein said that there are about 12,000 VPs at Goldman. (http://online.wsj.com/article/BT-CO-20120314-71072...)

The number seems crazy to me considering a SA class (IBD, Securities, IMD combined) shouldn't exceed 300 in the US (or 1000 worldwide).

Considering less than half make it to VP. And they stay VP for 5 years, there should be no more than 2,500 VPs in FO worldwide. So does this mean there are almost 10,000 "Vice President" in BO?

Any one here knows the real number please share.

I done a search about this but I haven't find useful information.
For example this topic: http://www.wallstreetoasis.com/forums/path-to-glob... is not very useful for the event driven route.

So I wanna know what do you think will be a good path to get in event driven.
ER or IBD or else ?

Regards,

I had already read book like "You can be a Stock market Genius" o"r Risk Arbitrage" by Wysser-Pratte

Tomorrow I have a call with an ED at MS: I found his email on my prev employer's alumni website.

I am seeking advice on the questions to ask during the conversation as it will be the first of this nature. The way I would structure the chat is:

- Greetings (Thanks for taking the time to talk to me, etc.)
- My background (BSc MSc Economics, MBA, MBB)
- Why I am reaching you out (I'd love banking for the challenges and possibility of being on the newspaper, MS has a great culture, MS dealflow is great, etc.)
- I have some questions for you prince (how did you become ED, who are you looking for in an application, any recommendation on how I should begin the formal process?)

Guys, any suggestion?

If Bank A has just longed X number of 3M eurodollar futures and if it wants to hedge away its positions by shorting Y number of 30-day fed funds futures, what would be the technical points that the bank would have to consider?

Here are a couple issues/pionts that I have come up with so far:

- eurodollar futures roll-over
Would it be better off to buy futures contracts just one time (that expire after 3 months), or would it be better to buy the closest maturity contracts and roll them over 3 times?

-date mismatch(FF futures roll-over)
FF futures expires every month whereas ED futures (if chosen correctly) would expire only once, meaning that FF futures MUST be rolled over or all bought in advance.

-meeting sensitivities