WTF do trading interns actually do?
Question is straightforward. Was talking with a buddy who’s interning as a trader and he just shadows people every day? You don’t actually do anything? Any other data points? Seems ludicrously boring.
I am interning at a major for crude trading. I built a dashboard with r to compare different global s&d models, then made a deck and wrote a memo analyzing the different models overtime - basically backtesting their accuracy. Honestly it was just basic data analysis and I wish I was exposed to more trading.
Same. I used python to backtest.
Also mapped historical future prices to see if the marker was pricing in dividend tax or not. They weren't, allowing my desk to save a couple mil per year. They had the hypothesis, and I found whether it was true or not.
How much do ppl in your group make? Do you know
highly variable based on position and experience. i'd estimate 85-350k and a small bonus. these are career analysts, aren't looking to be traders. wlb is great, gotta be up early for meetings w/ ppl in europe/asia, but you will never actually WORK more than 10 hours a day, need to be around computer around 12hrs a day for FT positions but head down, working averages 8 hours a day. weekend work extremely rare, maybe light analysis. as for traders, maybe 85k base but its all PnL. know a natural gas trader who hit 50mm bonus last year with freeze in texas
It's a FINRA / regulatory thing - not allowed to trade without having all of the licenses, so hard to give them any actual work... typically interns get a lot of backend work / mock projects to keep you busy / shadowing.
An unfortunate consequence of regulatory stuff, although understandable as BBs wouldn't want interns doing actual trades
Interesting. Thanks for the insight.
They’re a bit like expensive, in-house Uber Eats that you don’t need to tip.
Well what does a banking intern do? Cause all my friends in banking say they have to retrain everyone once they start FT.
What does a hedge fund intern do?
What does the summer kid at google do?
If you think a trading intern’s job is more boring than a banking summer analyst…
Dicta ipsum quis in nostrum deleniti. Molestiae dolorum rem sed et quisquam. Eaque occaecati nostrum maiores magnam vel ipsum.
Sequi debitis velit aut ut rerum aliquam. Quisquam nihil nihil placeat error assumenda rem. Quaerat quas iste accusantium aut. Dicta odit earum optio in consequuntur deleniti aut. Dolores qui ut similique est hic.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...