Interning on the trading desk for a BB AM division. Are the traders in this role support staff or are they classed as FO? Any idea on if the comp is the same as the "traditional" trading side of the business?
Wasn't even aware AM divisions had 'traders' - are you one of the guys who takes orders from PMs and then chops it up to the various equity houses to execute? Or do you actually execute some of the trades in-house? Do you have discretion to make prop trades?
Wasn't even aware AM divisions had 'traders' - are you one of the guys who takes orders from PMs and then chops it up to the various equity houses to execute? Or do you actually execute some of the trades in-house? Do you have discretion to make prop trades?
We perform both of the tasks you mentioned, some trades are chopped up and sent to other banks to be executed, we then trade most of the single stocks in-house.
it depends on the desk. There are MD level 'traders' in AM groups that also double up as portfolio managers, then have VP or associate level assistant traders that are more execution based and do not really come up with their own strategy. Some BBAM groups completely separate the PM and trader function and have no overlap.
But to directly answer the OPs question, all traders in BBAM groups are on the FO side.
it depends on the desk. There are MD level 'traders' in AM groups that also double up as portfolio managers, then have VP or associate level assistant traders that are more execution based and do not really come up with their own strategy. Some BBAM groups completely separate the PM and trader function and have no overlap.
But to directly answer the OPs question, all traders in BBAM groups are on the FO side.
Thanks for your reply Trailmix, from what I have witnessed there is not much overlap between PM and the trader's, the traders however do have a fair amount of input when informing the PM's of the right time to buy but as a general rule stick to the limits imposed by the PM.
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Wasn't even aware AM divisions had 'traders' - are you one of the guys who takes orders from PMs and then chops it up to the various equity houses to execute? Or do you actually execute some of the trades in-house? Do you have discretion to make prop trades?
We perform both of the tasks you mentioned, some trades are chopped up and sent to other banks to be executed, we then trade most of the single stocks in-house.
sounds like FO to me, but it really depends on the strategy. Still BB AM is awesome and trading is quite cool.
it depends on the desk. There are MD level 'traders' in AM groups that also double up as portfolio managers, then have VP or associate level assistant traders that are more execution based and do not really come up with their own strategy. Some BB AM groups completely separate the PM and trader function and have no overlap.
But to directly answer the OPs question, all traders in BB AM groups are on the FO side.
Thanks for your reply Trailmix, from what I have witnessed there is not much overlap between PM and the trader's, the traders however do have a fair amount of input when informing the PM's of the right time to buy but as a general rule stick to the limits imposed by the PM.
Have you got any idea on what the comp would be?
Tenetur nihil eveniet ipsum laudantium sed voluptatibus. Aperiam veniam vitae molestiae. Et laborum dolorum aut esse ut. Error amet repellendus impedit cupiditate sed impedit modi.
Quasi ipsa aut accusamus rerum est beatae optio. Laborum tempora provident dolorum voluptate. Qui facere eos dolor dolor. Tempore omnis reiciendis facere in minus est doloribus. Sed molestias veniam dicta cum voluptatibus hic aliquam.
Quibusdam facilis tenetur delectus fuga. Velit quia necessitatibus voluptatum velit ea. Provident occaecati minima omnis officia voluptas adipisci.
Unde aliquid qui tenetur et aut quibusdam labore. Corporis quaerat aperiam commodi dignissimos facilis autem. Deleniti suscipit tempora repellat et rerum. Non quos consequatur quos similique. Debitis commodi velit placeat similique asperiores odio.
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