Internship in Sales for Str. Products
Hi,
I graduated in Economics, currently Master student and looking for an Internship in Sales (structural products).
I have an M&A Background but I have to say corporate finance and Accounting stuff is not what I am looking for.
I have an Interview on Wednesday at a boutique and try to prepare myself properly.
What kind of questions can arise? Technical questions?
Which topics I have to be good in and which are less important?
Through M&A I know a lot about valuation, accounting and that kind of stuff, but I guess this will be not that much helpfull for an Sales position?
Need some handy hints.
Learn as much as you can about derivatives and how to value and price them.
Please don't listen to Maximus. You will be having an internship at a boutique firm in SALES. Meaning the only thing that matters to that boutique B/D is how much you produce gross per month. They really do not care HOW you do it or where the trades come from they just want to see those dollar signs.
So brush up on your cold calling skills and use the bloomberg PEOP function to search Fixed Income people/accounts in whatever city you happen to be in. Get good at introducing yourself over bloomberg to potential trade partners aka accounts.
You monkeys really have no clue. Get good at inputing trade tickets and allocating those trades into the accounts for the Senior Broker. You may also have to set up accounts which isn't too taxing just tedious.
Again if you could identify an account for the Senior Broker and help him open it then you will become a star and get looked at. Other than that no one really gives a fuck.
FYI. I assume you mean a boutique broker dealer because I can't think of anything else that would be an internship pertaining to sales in structured products AKA CMBS/ABS/MBS/SLARS etc
I interpreted the latter, so maybe he can clarify. Yes, to do sales you need to sell, but I thought that was obvious and I think that being familiar with what you're selling will probably help....
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