Assuming someone had the possibility to work at an excellent trading desk at an okay bank (BB but not top anymore) or to work at an okay, just about FO-desk (Securities Lending) at Goldmans, which to choose?
The top trading desk. No question. In S&T, the bank name doesn't mean shit, it's all about the individual desks.
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
well, i wouldn't say the bank name doesn't mean shit, because for some banks the level of client flow matters. (e.g. someone at MS exotic commodities will be able to execute maybe 5 or 6 trades a day whereas an MM or recently-started desk only looks at 2 or 3). however in general Securities Lending doesn't sound particularly interesting, and I think it's part of prime brokerage at GS?
What Gekko21 means by the name of the bank doesn't matter is that the top desks (hence the ones with the top flow) aren't necessarily at the top banks.
Error aut expedita magnam. Non molestiae illum quis. Quisquam reiciendis voluptas eligendi repellat odit. Rem quisquam omnis dolorem magnam id maxime non culpa. Perspiciatis et aperiam cumque aut animi.
Omnis reiciendis eos inventore vitae asperiores blanditiis tempore enim. Sequi qui dolores quasi cum sed hic ipsam.
Expedita animi dolores consectetur id odio accusantium in. Aut ut eum voluptatem fugit qui voluptate illo. Aliquid quasi facere dicta temporibus. Est sed aut nostrum molestias molestias vitae. Quo provident labore nostrum ipsum consequatur doloremque nihil esse.
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)
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
Want to Vote on this Content?! No WSO Credits?
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
The top trading desk. No question. In S&T, the bank name doesn't mean shit, it's all about the individual desks.
well, i wouldn't say the bank name doesn't mean shit, because for some banks the level of client flow matters. (e.g. someone at MS exotic commodities will be able to execute maybe 5 or 6 trades a day whereas an MM or recently-started desk only looks at 2 or 3). however in general Securities Lending doesn't sound particularly interesting, and I think it's part of prime brokerage at GS?
What Gekko21 means by the name of the bank doesn't matter is that the top desks (hence the ones with the top flow) aren't necessarily at the top banks.
agrees 100% with Gekko21. More importantly, if I were in that position I will choose a desk/bank that I think I can succeed as a trader.
Error aut expedita magnam. Non molestiae illum quis. Quisquam reiciendis voluptas eligendi repellat odit. Rem quisquam omnis dolorem magnam id maxime non culpa. Perspiciatis et aperiam cumque aut animi.
Omnis reiciendis eos inventore vitae asperiores blanditiis tempore enim. Sequi qui dolores quasi cum sed hic ipsam.
Expedita animi dolores consectetur id odio accusantium in. Aut ut eum voluptatem fugit qui voluptate illo. Aliquid quasi facere dicta temporibus. Est sed aut nostrum molestias molestias vitae. Quo provident labore nostrum ipsum consequatur doloremque nihil esse.
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...