SPOTLIGHT: Trader's Train Rules and FAQs

The goal of Wall Street Oasis’ Trader's Train is to give our users the best possible snapshot of life in sales & trading, from internships and recruiting to compensation and career progression. Working towards that goal, we’ve created a Frequently Asked Questions page for Wall Street in general, as well as a page for the Best Discussions from each industry.

To familiarize yourself with Wall Street, check out our Frequently Asked Questions page, or navigate using one of the links below:

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Junior at macro HF learning opportunities?

Hello Wall Street Oasis,

My career progression needs some sorting out. I welcome any comments for those experienced in the industry to guide me along.

I am a junior analyst at a macro hedge fund (800 mil AUM). Not a well known mega fund but still pretty reputable. I get along very well with my bosses. This seems to have translate to the flexibility I have in my job which in short is ... "learn as much you can from us and paper trade to see whether your ideas work". A lot of free play, maybe too much. I have no banking or trading experience prior.

My question to this forum is how beneficial is this flexible job scope and how does it compare to other funds. Specifically ...

1. Do other funds have a more structured development program for their analysts?

Final Round Interview with Global Macro Hedge Fund

Hey Guys,

I have a final round interview with 2 directors at a Global Macro Hedge Fund for a position on their Corporate Credit & Equities Desk. Although it may sound redundant, how should I go about preparing? I plan on laying a foundation with understanding the current economic climate, having an opinion on the markets, and preparing 2 stocks pitches (both a long and a short). Given that I am interviewing with two senior professionals, should I prepare for more behaviorals, economics, financial markets, accounting & valuation, etc.?

Among the plethora of trolls, I know that there are experienced guys on here that can really help paint a better picture for me in terms of what to expect. I have worked extremely hard to have gotten this far and want to seize this opportunity.

Networking while employed

Hello fellow Chimps

I'm an analyst with a major commodities house in Europe (think BP, Shell, Cargill). I'm doing Risk right now, which is a standard entry-level position and potentially a stepping stone to the trading side.

I'm trying to figure out how to network in this environment. I'm not really looking for a job right now, just to form relationships that have an upside potential for later (either job or business opportunities)

It's ok to contact anyone when you're still at school because you're supposed to be looking for a job soon and you don't know much about the industry. However I don't think you can just use that when you're already employed, here's what you would get

Advice / Tips On Preparing For FT Fixed Income / Equity Sales (S&T) Recruitment Over Summer

Didn't manage to land an SA gig in S&T...

Gonna bust my ass in preparing for the FT round over summer. I understand that it's a lot more difficult to land an FT gig with no prior experience, but I won't let these statistics stop me from trying.

Could any insiders shed some light on how I should prepare for FT recruitment for Fixed Income / Equity Sales? Or which group would you recommend me looking into? FYI, I don't have a finance background, but I have a lot of experiences in sales / client-facing roles. Really appreciate any advice / tips!

Whether I'll make it or not in the end, I'll share with the community the recruitment process because I strongly believe that it's important to give back (or try to give back)!!

Thanks a lot in advance.

Transmarket Group Interview Process

Have managed to secure an interview with Transmarket, I've got the general specifics, but just thought I would ask around here to see if anyone knew of any specific topics it would be helpful to look into.

In particular, looks like the first round will be math heavy, stats, probability, algebra, calc. It's been a while since I was in calc, so that's what I"m most concerned with at this point. Definitely need to brush up. Any specific topics that a junior derivatives trader should be well-versed in?

Switching from Finance to Computer Science at a Non-Target-- Should I do it?

I'm currently a Sophomore Finance and economics double major at Baylor University (Semi-target for the Texas area, I suppose). Recently I've been considering changing my major to computer science since it's a bit more versatile. Overall, my career interests are very scattered, but I've been leaning Finance, particularly in roles dealing with global markets. My other interests include political economics/philosophy, entrepreneurial activities, science, law (at the urging of my mother), writing, and music. Ultimately I want to do something creative, but I'm not sure exactly what yet.

CMU MSCF vs. LSE MFin for BB trading position

Hi,

I got into these two gradaute programs: CMU MSCF, LSE MFin and have a hard time to decide for one.

I am an European engineering undergrad with internship experiences in consulting, risk, structuring and M&A. No full-time experience so far (full-time defined as entry level analyst position, not internship).

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