25 Comments
 

I worked at a trading place as a junior trader. One of the juniors forgot to update something with the futures and the big boss got so mad he threw all of us off the desk in a snow storm to walk around for like an hour before we came back at like 9:15 before market open lol. Everyday was explosive and a different wild time but thats trading for ya. I look back and laugh about it.

 
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I was at a MM boutique as an Analyst. Once every 2 months the CEO met with the Associates and Analysts to catch up with them. This meeting was for him to tell us how much we’re appreciated, despite the shit pay and expendable view of junior staff.

A new staffing system had been brought in where people reported on a weekly basis their workload out of 10. Issue was different teams had a very different view as to what a 8 or a 9 was, i.e. “busy”. To some an 8 or 9 was consistently working till 10pm and some light weekend work, for others it was early hours of the morning and 12-16 hours over weekend. We asked the CEO to help define what busy should be viewed as so we could more equitably split the workload going forward. He told us to check the DLJ busy memo and ended the meeting. https://www.wallstreetoasis.com/files/DLJ%20Too%20Busy.pdf

 

That group out of Toronto is brutal. Have heard some disturbing anecdotes about how the FT IB analysts and summer analysts are treated

 

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