How long before traders get their own Book ?
How long before traders at bulge bracket banks usually begin to get to trade their own books? 3-5 years? Also do you need to have a superstar Profit Lost ratio ?
Quite often, it`s circumstantial and depends on the structure of your desk
For example, in cash equities, If all the major sectors your desk makes markets in are currently being managed by existing employees... you'll get to help one of the senior guys when he's away for a few days ... but normally someone has to leave the desk permanently for you to be next in line.
But if your a math whiz on the equity derivatives desk, then in a year or 2 they may move someone off of a particular book and put it in your hands. Case in point, Jason Strasser at Morgan Stanley. Poker whiz. Started managing his single stock options book even before he became an associate.
Just prove your worth when they make you grab coffee/lunch... and dont mess up when your asked to do simple tasks like close a book at the end of the day and calculate your greeks (delta, gamma, vega, etc.). It'll cut down your wait time tremendously.
CD~
certainly if an analyst cant even get lunch orders right then he cant trade. When you are asked to order lunch do it and take it seriously. Back in the day my lunch ordering skills were absolutely unmatched....a perfectly executed large lunch order is a thing of beauty.
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