Current comp sci junior with no real knowledge of sell-side trading. Have a choice between joining either the Delta One Desk at RBC Capital Markets vs the Global Collateral Finance Desk at CIBC Capital Markets this cycle (both Toronto). What would general outlook be regarding profitability, interesting work, and exit opps from either bank? Seems I mostly made it through interview processes for coding background if that makes any difference regarding tasks I'd be given (teams spoke lots about automation and data analysis being applied though I'm not sure how relevant that will be). Enjoyed speaking with members from both teams so not too picky about that or salary/wlb (80k at RBC vs 90k at CIBC)
Trending Content - Sales and Trading Forum
Career Resources
bump
I don’t know anyone at CIBC but if Delta One at RBC would get the chance to work with Matt and Julien, I’d take that any day of the week. They’re both super great guys that explain things very well and would be great mentors to start a career under. Good connection to New York on that desk too if that matters to you.
Source: Used to work on the desk directly adjacent to them ;)
Thank you for the advice! Really appreciate it and yeah I'd be working under them along with another associate from my school. Looking over products and chance for impact I was already leaning towards RBC especially since I was a bit more interested in public markets and it seems the work would be more technical and quantitative - but knowing they're great mentors really sealed it. Thank you!
What about teams focusing on trading sides, without computer sci knowledge. Is there any Delta teams for junior traders only?
Sry just to clarify is your 80k RBC and 90k CIBC thé base for analyst roles? Is your start date 2023 Aug post graduation? Thanks
This is for a 4 month winter internship. I doubt base would matter too much for FT since bonuses are an important part too.
As someone who used to do S&T go for the desk where you are passionate about the product and two where you are going to have good mentors. So much of this business is learned by people you sit beside. Personally would not worry too much on starting base if you perform well you will be compensated (i.e. higher bonuses and faster promotions).
Thank you very much for the advice - really appreciate it! Yeah I'm mostly just trying to see which product area I'm more interested in and who will be mentoring me, salary is not very important for me especially since I know bonuses are an important aspect which interns don't have access to.
can someone just talk more about delta one in general pls
Non ab natus nihil quos labore. Deserunt qui esse aspernatur odio. Sit nobis praesentium sint dolore dolorum sequi explicabo animi. Nihil recusandae maiores repellendus ab ratione fugit. Sed ullam doloribus fuga facilis accusantium velit autem consequuntur. Alias accusamus nam itaque. Officiis ea rerum est a quis.
Qui aliquam et culpa aut consequuntur aspernatur magni. Minima illo perspiciatis voluptatem illum ut nulla eum non. Perferendis et quibusdam eos ipsa et tenetur impedit. Voluptate qui quibusdam animi illum natus ipsa provident.
Et atque inventore itaque distinctio et fuga. Illo maiores fugit omnis et. Aliquid expedita mollitia deleniti voluptatem.
Totam quas deleniti animi ullam aliquam. Quo maxime enim magni et voluptas rerum error. Eveniet voluptas facere et in laboriosam delectus. Sunt aut harum et laborum vero omnis saepe. Expedita id et atque perferendis tempore fugit accusamus nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...