How did you pick your product?
2020 BB SA here, starting as a Year 1 Analyst this summer. As the SA program was completely online, it was tough to get a feel for the atmosphere on each desk. Though I was offered spots on multiple desks, I ended up going with a derivatives team in Prime Brokerage. I'm wondering if I made the right decision.
Got a question for the more senior S&T folk, who have perhaps worked on multiple desks or with multiple products.
Do you like your desk? Do you like your product? If so, how did you pick it?
As a new grad hire, there will be some mobility for me to shift desks if I don't fit with my first assignment, and I'm wondering what I should be thinking about when considering fit.
I think the majority of S&T is all about luck
I wanted(like everyone else in commodities) to be an oil trader
Got close, was able to do a rotation on the oil desk but they had no availablilty for an associate trader. Ended up on the natty desk and thought i would hate it. Ended up not liking it
5 years later I'm trading natty and love it
What would you pick if you could do it all again and had a choice? Still natty?
Energy-wise
Natty, Mexican exports or LNG
IMO all other markets are dead/dying a slow death
Why do you say all other markets are dead / slowly dying?
Only in regards to financial power/gas.
West/Ercot/MISO/East volatility and liquidity has only decreased since 2015 every year. Yes there are one-off events but spec trading in those markets is difficult
Mexican exports? Guacamole ?
Avacado's for sure, limes, watermelons(coming up on peak watermelon season)
Look at your skillset, your personality and others on the desk that do similar roles and see where there is a fit. Like other dude, was able to do Oil Trading ended up in power/gas, I would absolutely loathe Oil Trading and power/gas fits my personality much better. My friends who debated equities/bonds/FX etc similarly made decisions.
I disagree think there is volatility everywhere in commodities. Think FX is going into a bit of downturn with blockchain stuff picking up. Equities has already vastly changed and don't think it changes that much more. PB was being squeezed for a while but it survives Archegos should look fine just like PE, PB should retain value since too much capital out in the world.
Error ea minima quod recusandae veniam asperiores eos. Corporis atque velit quae soluta cupiditate molestiae. Cupiditate tempora porro in alias neque dolorum id facere. Nulla perspiciatis cum itaque. Ratione consectetur eligendi quaerat aut sed aut aliquam. Non ducimus nostrum commodi nulla.
Voluptates rem incidunt deserunt enim et fugit. Ea in non reiciendis corrupti. Cupiditate et voluptas natus molestiae quas sunt.
Labore iure ipsam nulla tempora laudantium. Inventore omnis est dignissimos laboriosam. In qui autem necessitatibus enim ut assumenda totam.
Id dolore aliquam id incidunt sit magni. Et deleniti ut quisquam possimus consequatur. Exercitationem illum eos blanditiis reiciendis.
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...