Jump to another desk or bank as a BB sales and trading analyst
So I am starting this fall in a BB fixed income strategy desk. I am in the sales and trading graudate program, however the desk is not what I want at all. I want to do trading not strategy. In my bank traders don't listen to strategists at all so we exist only for publication reasons. How can I jump to another desk or another bank? headhunters, resources, suggestions, any info would be highly appreciated. Thanks to all!
Network with the traders is the easiest way.
You can talk a lot to the traders and use that option every chance you get. Find some that are receptive and helpful and ask them question on what they are seeing etc. and if you are intelligent and they like you when a space opens up your name should pop up
How common is it to switch desks at a junior level? Say you wanted to go from spot fx to forwards?
how to move to a trading desk in another bank?
With in the same group, like spot to forwards, it would be easy. Between different groups, like commods and credit. not so much.
I definitely agree with this, I had to go through hoops of fire to move from my cross-asset group onto the FX Desk.
I have also seen options traders switch products. I know a guy who left swaptions back in '05-'06 when the vols were completely dead and "never coming back" and he became an FX options trader. He had to switch banks and move to one that was trying to expand into FX options business.....at the end of the day, need is your biggest obstacle.
I think its a little bit easier in options because you are trading vol, so its more similar for someone to jump from oil options to fx options than it is for someone to move from oil trading to fx trading.
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