Interview: Former Stockbroker and Bond Trader Turned IB Analyst

Mod Note (Andy): very happy to introduce our newest blogger SquaredFractals

What is your current job title and a one sentence description of your primary job responsibility? Summer Investment Banking Analyst. I spend most of the day finding comps , creating financial models , making executive summaries or decks.

What are previous positions you have held and how many years of experience do you have? I have a year as stock broker, a year as a municipal bond trader at a "hedge fund" (there was no hedging involved) and as a spring intern as an IB analyst.

What was the most useful thing you learned in ugrad that you apply in your current position? I was social chair of my fraternity. It involved talking to Fortune 500 companies to sponsor parties, I spoke to Presidents of Marketing and even CEOs of companies. Learning how to talk to people in business has been the most useful thing that helps me in my current position.

What was the most useful thing you learned in ugrad that helped you get where you are now? That a lot of people will just sit back and expect other people to do something and they will want to partake in that person's success. People need to learn to contribute if they want to take.

What was your most useful class and why?
Mod Note (Andy): very happy to introduce our newest blogger SquaredFractals

What is your current job title and a one sentence description of your primary job responsibility? Summer Investment Banking Analyst. I spend most of the day finding comps , creating financial models, making executive summaries or decks.

What are previous positions you have held and how many years of experience do you have? I have a year as stock broker, a year as a municipal bond trader at a "hedge fund" (there was no hedging involved) and as a spring intern as an IB analyst.

What was the most useful thing you learned in ugrad that you apply in your current position? I was social chair of my fraternity. It involved talking to Fortune 500 companies to sponsor parties, I spoke to Presidents of Marketing and even CEOs of companies. Learning how to talk to people in business has been the most useful thing that helps me in my current position.

What was the most useful thing you learned in ugrad that helped you get where you are now? That a lot of people will just sit back and expect other people to do something and they will want to partake in that person's success. People need to learn to contribute if they want to take.

What was your most useful class and why?

An Intro to MLPs, Part one

A master limited partnership (MLP) is a pass through structure much like a REIT . The limited partnerships are traded on exchanges as shares. Because they are structured as a partnership instead of a normal corporation they do not pay corporate level taxes. Rather, they are deferred to the limited partners who are taxed at their individual rate of their share of the partnership's income. This tax structure avoids the double taxation of dividends resulting in a much lower required cost of capital.

The BRICs Are No Longer Leading The World's Growth

The emerging markets are no longer the lead contributors to growth to the world's GDP, they have been replaced by the developed nations. Japan, the U.S. and the rest of the developed markets are contributing roughly 60% of the $2.4T in new economic growth according to Bridgewater Associates .

Bridgewater says that Japan has finally pulled themselves out of stagnation. The U.S. economy has steadily grown but at a lukewarm pace. Lastly, they forecast that the economy of Europe has already started to improve and that the economic reports released tomorrow will confirm this.

China Changing It's One Child Policy?

China's new leaders, President Xi and Premier Li, are rumored to be removing the one child policy by as early as the end of this year according to BoA economist, Ting Lu. If one parent comes from a one child family, that parent will be able to have two children. By as soon as 2015, it might be possible for all families to have two children. Lu is saying that is will be done to help improve China's slowing economy.