Hi all,
I have an upcoming interview with a derivatives sales/structuring desk. It is at the satellite office of a MM/BB with about a dozen people total. I previously recruited there, and was offered an internship, but I decided to take a fixed income trading job with a BB instead (they were chill about it, it was in NY and was a better name/group).
I have an interview with them coming up (mainly with the people I didn't interview with yet). I'm interviewing there because a) it's my hometown, and cheaper than NY with the same pay b) they deal with a lot of exotics and unique products that other banks in the area don't deal with (very entrepreneurial culture) c) my current internship is on a desk that is blowing up, so won't be hiring back and has bad politics within the bank. The s&t program im at will have a 25-40% offer rate as a whole so my manager has been supportive of me networking elsewhere.
Any advice on how to prep for the interview? How should I spin my story, particularly why I'm not returning to my current shop?
On resume I think I am a strong candidate (top of class, great finance extracurriculars, strong brand name bank). In the SA interview I aced some simple Blackscholes questions, did well in some scenario questions "a client thinks deflation will start in the US, name as many trades you can that you'd recommend", or "How would you hedge a CDS on Rio Tinto?", "Whats the difference between an FX swap and a cross currency basis swap?". The desk is pretty universal, structuring and selling equity and FICC derivatives. I don't know too much in depth about the technicals of either.
