Junior Broker
I recently got invited to meet with a BB for a junior broker position. They email me stating that they received my resume and wanted to invite me to a career seminar for the position. Has anyone else gone experienced anything like this. I'm not really sure what to expect. I currently work in PWM so this will be a big change for me. I have tried to read up on brokers as much as possible but still don't know what I'm getting myself into. Most of what I come up with I posted here http://wallstreetutopia.com/inter-dealer-broker/
If anyone has anything thing else to input I would greatly appreciate it.
lol i applied for ICAP and didn't get the internship lol. I just know that with inter dealer brokers generally focuses on providing services to large scale buy side firms, such as hedge funds. Also, IDB benefit from price volatility in the markets, and do not provide any valuation services. But, that's all I know. Good luck with your seminar.
What about compensation? Also, what are they looking for in candidates?
Expect 40-50k+commissions..
they are looking for someone who can bullshit with clients all day, not fuck up any trades (you buy instead of sell on one trade and you could cost someone a lot of money), and someone who doesn't mind staying out late with clients on weekdays.
Sounds like I might actually enjoy this job :)
It is a tough gig - a lot of my friends are in this, and it is high stress and you go out nearly 4 days a week
Yes.. you're expected to entertain clients, sometimes till the wee hours of the morning and then be in @ 7:30AM with WSJ read and ready to go again. It takes a special kind of person who is the definition of 'work hard play hard'.
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