Proprietary Trading Firm Interview Tips

I've seen a lot of posts and private messages asking about proprietary trading firm interviews. So I figured I'd just make it easier for everyone and post what I think are some...

Ethics in Finance: Illegal, Permissible, or Right?

I've been meaning to write this post for a while, and the timing is pretty good now because Eddie posted this article in last week's Bonus Bananas: Here's why Wall Street has a...

Relationships in Finance - Maintaining vs. Initiating

Almost exactly three years ago, when I was considering banking as a career (a career that never happened), an alumnus from my school gave me some pretty interesting advice:

"If you care for a relationship, you should consider investment banking if you already have a girlfriend when you graduate and other fields fields if you're single, because you have time to maintain a relationship in investment banking but no time to initiate."

5 Things About "The Real World" That Surprised Me

This one's mainly for the monkeys still in school, but the rest of you can feel free to contribute to the discussion.

I'm only a couple of years out of college (this...

Do I need ____ math for finance?

I'm tired of seeing posts (especially in the trading forums) asking whether or not "I should study XYZ quantitative major" to have a shot in finance, and I'm guessing I'm not...

Programming/Technical Skills for Finance: SQL and Python

I find that there are a lot of skeptics on WSO as to whether or not programming abilities are useful in finance. Believe it or not, it's more than just for developers and...

How I Work - peyo212 Edition

Here's my contribution to the "How I Work" posts since I can't think of anything else interesting this week. And no, I don't care if you don't care.

Current gig:...

WebMD's Tender Offer: Odd Lot Arbitrage for Free Money

How often these days does there come along a great trading opportunity for us small investors? We always tend to get the short end of the stick due to high fees, bad execution...

How I Broke into Finance: BB S&T

Many prospective monkeys on WSO find value in learning what one must do to "break into Wall Street" because as many of you know, getting your foot in the door is probably the most important single event for a career in finance. Then once you're in, with some networking, hard work, and natural talent, you can more or less choose your own path in the industry. However, the truth is that the process is rarely formulaic; more luck determines our fate than we would like, as is shown in my story. So without further ado...

This is the story of how I got my BB S&T summer internship in college.

"Why Do You Want to Be a Trader?"

As I've mentioned in my AMA , I've interned at a BB in fixed income S&T, worked full time at a BB in equities S&T, and am now a prop trader. During my career, I've encountered this particular question in almost all of my interviews, and a good answer was required for me to move forward in the hiring process. My answer has changed as my view on the trading industry has changed, and even now it's changing everyday as I learn about how diverse the business is.

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