Moving Desks Internally (Trading)

To navigate an internal desk transfer in trading effectively, here’s what you need to know based on the most helpful WSO content:

1. Assess Your Current Situation:

   • Before making any moves, ensure you’ve given your current desk enough time to evaluate its potential. While a few months might feel like a long time, it’s still early in your career. Use this time to build skills, network, and demonstrate value, even if the environment isn’t ideal.

2. Build Relationships and Network Internally:

   • Networking is key. Start connecting with people on the desk you’re interested in. This doesn’t mean abandoning your current responsibilities but rather finding opportunities to engage with other teams. For example, if you’re on a flow derivatives desk, try to spend time with traders on related desks like index vol or single stock vol during downtime.

3. Prove Your Value:

   • Even if you feel underutilized, find ways to add value. Automate reports, collect data, or provide insights that can help the team. This will not only build your reputation but also make it easier to justify a transfer when the time comes.

4. Communicate Strategically:

   • When approaching your manager or HR about a transfer, timing and framing are critical. Highlight your desire to grow within the firm and how the move aligns with your career goals. Avoid framing it as dissatisfaction with your current team, as this could create friction.

5. Understand the Risks:

   • Internal transfers can be tricky. If your current manager feels slighted, it could impact your reputation. Be tactful and ensure you’ve built a strong case for why the move benefits both you and the firm.

6. Leverage Mentors:

   • If you have a mentor or someone senior who supports you, seek their advice. They can provide guidance on how to approach the situation and may even advocate for you.

7. Be Patient and Persistent:

   • Internal mobility often takes time. Keep performing well in your current role while exploring opportunities. Demonstrating patience and professionalism will work in your favor.

8. Consider External Options:

   • If internal mobility proves challenging, don’t rule out external opportunities. Sometimes, a fresh start at another firm can provide the growth and environment you’re seeking.

Remember, the key is to balance your desire for a transfer with maintaining professionalism and relationships within your current team.

Sources: Converting an S&T Internship, How To Pull Off An Internal Transfer, How To Pull Off An Internal Transfer, Advice I give to my incoming analysts