Need to Choose - Trading, Structuring, Sales, Research, Quant
Hi Guys,
I'm new to all of this. I have studied a masters in Engineering, but have had an interest in trading so have had a go at it myself for the past few years. I have managed to finally get a summer internship in S&T in an investment bank and now have to rank preferences: Trading, Structuring, Sales, Research, Quant.
I would like to pick trading and then sales, however I'm going to be completely honest and admit I dont really know what the others entail. This has probably been posted before, but can't find a post that answers this directly and concisely. Please link me to the post or share your knowledge.
Thanks.
If you know how to code you may enjoy being a quant.
I don't know how to code - so quant is my last choice. If I end up being a quant, do they teach you the basics on the job??
Doesn't matter, you're going to end up choosing trading.
I work on a structuring desk and I agree - not too many people understand what we do. Structuring is a very analytical role and a comfort with complex pricing systems and derivatives coming in helps a lot, but you can learn all of it on the job. I would say given your background stick to Trading or Structuring - if you are ok with the stress/pressure of trading go for it. If you like a slower, analytical and "brain-teaser" type environment, structuring is great.
Thanks a lot for the info! Is there anything you recommend I do between now and summer to get me prepared for trading/structuring I.e certain books to read, certain things to try before I start the internship to get ahead of the game?
Might be better for a PM, but reading Natenberg, Hull, and some of Howard Corb's work on Swaps is a great place to start. Will you be working in equities or the fixed income/rates side?
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