Silver BananaTopicReplies
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Anyone interested in a comprehensive guide for trading?ActuarialQuant here. I've posted a few anecdotal posts here and there but was wondering if there was any interest if I posted more educational/informational content regarding interview processes for trading. Needless to say, when I was a senior in school, I referenced this material : https://www.w...
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BNP Paribas - Interview - Sales and TradingThe most unexpected question was: Do you like money? Additionally coding questions related to VBA were asked, some coding questions related to dictionaries, questions related to interactions within a group. Another set of challenging...
Cargill - Review - ConsultingThere was a lot of great training on the job. They really try to get you to understand the fundamentals of that industry.. They had a lot of business development that you had to go through. Good in small amounts, but not huge quantities....
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Career in trading and relevant degrees, CS skills?Hello all, I'm currently pursuing a master in management in a top 3 European business school, with the aim to specialize in Finance and pursue a career in Trading or PM in HF. However, I'm a bit lost as I've made the mistake not to study engineering when offered the possibility, so I have several q...
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Target Schools S&T vs IBAre any schools considered Targets for S&T but not IB? How is the size of the recruiting class compared to Ib...
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Flow traders aptitude testI recently took the flow traders mental math test (75Q in 10 mins). I passed through that math test and I have an aptitude test scheduled for this Friday. The mail I received says this test will contain mental math test, sequences, verbal analogies, syllogisms. Anyone has taken this test and can sha...
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RBC Capital Markets - Review - Global MarketsThey hire really great people. The culture is really important and is what makes RBC and this is true. Ability to move laterally.. Because of “RBC” nice, sometimes not the most ambitious culture out there however you can work to be somewhere that may be a better fit. ...
Spot Trading LLC - Review - GeneralistGreat tech, been around the business forever. Interesting perks. Nice benefits. Great office space.. Politics. Infighting, Back stabbing. Outdated tech in some regards. Compensation is way off base....
Credit Suisse - Review - Foreign Exchange FX- learned a lot - good people, smart people - good pay - very good name to throw around - enjoyed my time. - very competitive - desks are all in competition with one another for talent - not a whole lot of synergy between desks either - not a lot of balance sheet to work with...
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2019 BAML Global Markets First Round Interview Questions Has anyone received the first round yet? What questions you get for the Global Markets? I could trade MS for BAML. ...
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What are the on-job trade conversations in fixed income S&T?Hi guys, I've got a quick question to the guys on the fixed income sales desk (or trading). I wanted to know what are the conversations between the clients and sales (or sales -> traders) are when doing a trade. (I used to work as a FX sales, so let's say a lifer would come in and say 'buy 50 usd...
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Bank of America Merrill Lynch - Review - SalesExposed to every kind of trade and investment strategy. It is given much more exposure than any other place.. Lot of operational work. Sometimes, just monkey work. lots of bureaucracy that takes half of a day to complete....
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Interview questions for Entry level trading position/internHi everyone, I've always been interested in prop trading and have been doing my research for the past couple of months. I'm more interested in trading at a lower tier firm like Trillium, FNY, Group One Trading than the more competitive ones, since I don't have the traditional quant background nor ...
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CME Group - Review - FinanceWork life balance is great you almost always work 9-5, extremely good benefits, interesting side of the industry.. There are a lot of people who shouldn't be in the roles they are in but got them because of family members or the are legacy employees and management won't remove them....
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imc first round assessmenttitle says it all, this is for graduate quant trader. What is the test like? Any tips? Any comments or help are much appreciated...
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IMC Video InterviewHappy Friday guys! I recently received an online video interview from IMC for their Quant Trading role, after their diagrammatic test. What should I expect for this interview, and how should I prepare? Thanks!...
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JP Morgan Securities - Interview - Sales and Trading1. What are the most important aspects to being a good salesman or trader? Why do you think so? 2.Talk about a time you failed, and what did you learn from the experience? How do you take failure? 3. If you were to evaluate the value of a business that you own because you want to sell it, what wou...
Nomura Holdings - Review - Sales and TradingOvertime pay was great, weekend double pay, get into the office early so technically we could work out at night. Difficult, very quantitative internship, lots of shadowing and little desk work, little structure, high intensity and very few hired back to the desk they want...
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Trader in Asset ManagementHello all, I have been wondering what the difference is between a trader in Asset Management and securities division. For example GSAM or JPM AM, both have trading positions in Fixed Income Trading. What´s the difference between a "normal trader" and a trader in Asset Management? Thank you ...
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RBC Royal Bank of Canada - Review - Sales and Trading- people are very welcoming and just want to get to know you - interviewers will tailor questions to fit what you know . - Some management very pretentious - Very fast timeline and will give you too quick of turnaround time to do interviews...
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Flow Traders' IQ and Personality TestHi!! I've a Flow Traders' IQ and Personality Test coming up in a few days. Can anyone please help me out as to how should i prepare for this test ? Any help like what is the format, resources to prepare from or tips to keep in mind will be highly appreciated. Thanks ...
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Corporate FX trader ?Hi, Could someone explain me what is a corporate FX trader ? Is it a rewarding job or just an FX execution where you input numbers into a software? The company is *global reach partner*. thanks ! FS...
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Flow Traders Technical and Personal InterviewI've cleared the maths and IQ test of flowtraders. For the next step they would conduct 2 technical and 1 personal interview at the campus. Can anyone share what to expect in them. ? I have heard they ask case studies, can someone share how to prepare for them too? Any help is appreciated....
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ABN AMRO Group - Review - Brokerage- Private Banking and Private Wealth groups are important parts of the group. Brokerage is considered an essential part of the business and treated as such - Very extensive platform - After many years, all securities groups are being centralized in Amsterdam, making cooperation with other divisions ...
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From poker to prop-tradingA little bit about myself: I'm 21 years old and a rising senior at a small (yet selective) liberal arts college, though certainly not considered in the realm of a 'target school' for prop-trading. I'm also returning from taking my spring semester off of college in which I played live poker full tim...
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Flow Traders - Interview - GeneralistWhy Trading? What are ETFs? Regarding personality Why Flow Traders Why not something in Mechanical, since you have bachelors in that? Why not something in Maths field, since you have masters in that? Can you please describe yourself, after describing themselves. Tell me once, when you handled press...
Goldman Sachs - Interview - SecuritiesThe questions weren't difficult so much as unexpected on the whole. I was prepared to answer technicals but what was asked were more general scenarios and how I would go about considering a situation or addressing a given incident. Was told the interview was standardized for the first time so this m...
Citadel Investment Group - Interview - TradingWhen I was initially contacted about the interview, I was told that anything could be asked in the following categories: previous projects, math and stats, and brainteasers. From looking online at previous interviews I had focused much of my studying on the projects and brainteasers but then I got s...
Akuna Capital LLC - Review - Derivatives1. High first year comp, especially for chicago 2. Decent tech stack 3. Smart colleagues 4. Interesting to learn about a new space with no previous finance experience 5. great office space. 1. too many mouths to feed, lots and lots of traders 2. sometimes hard to get new tech into production...
UBS AG - Review - GeneralistRotational Program exposes you to a large number of different desks across the floor. All people are great and willing to teach. . The hours are tough, morning meeting at 6:30am every day. Throw you into the internship and only give offers to a desk not to the bank in general. ...
Oppenheimer - Review - Fixed IncomeGreat Culture and people. The learning experience was absolutely spectacular. Everyone makes time to speak with you.. The Pay for their internship is really not anywhere near to what is competitive across wall street. ...
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Entry Level Stock Trading Bootcamps?I have completed a financial valuation and modeling class (comps analysis, discounted cash flow, excel skills, accounting, etc) through the [IB Institute] and I am looking to get into stock investing actively. My goal is to earn as an independent investor to fund college, and hopefully keep sharpeni...
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American Realty Advisors - Interview - Real EstateHow to calculate a cap rate, what that would mean from an investment perspective, what the return was on cash given a specific debt rating. How would I look at two buildings the same way and what would make them have different investment time horizons, different investment maturities, what could dif...
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What is Equity & Fund Structured Markets (EFS) Trading?Can someone give me some insights about this desk.? I read the description of the desk, but I still don't feel enlightened about what this desk does.. "The Equities EFS Trading group handles the trading and the risk management of all structured products and exotic options on equity. We interact wi...
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Flow Traders IQ testCould anybody give me a little heads up about what the test is about && how to prepare for it? like a website or sth? Thx soooooo much...
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Citi S&T or BAML S&TJust gauging what people seem to think would be the better decision. Haven't heard back but looking for some feedback on the programs. ...
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Brain teaser bookCan anyone recommend a good book covering brainteaser interview questions?...
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Morgan Stanley - Review - Fixed IncomeGreat culture, people very willing to help and cool. Good benefits, great cafeteria/gym, hours not too bad.. Boring work sometimes, antiquated systems that need to be replaced, very rigid hierarchy although there is some flexibility regarding horizontal movement....
Citigroup - Interview - Sales and TradingA thing or two about options and options pricing What is your greatest failure? Why are you not a part of the intern class year? Probability Questions ...
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Physical Coal TradingDoes anybody on here have experience with physical coal trading? Not seeing any recent info on the forums. Currently interviewing for an trading analyst spot with one of the bigger global players--headhunter reached out via LinkedIn, so sort of random. Background: 2 yrs economic consulting experien...
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Performance Trust Capital Partners in Chicago Drug Test?I'm in the late stages of interviewing at performance trust capital partners and i'm wondering if they drug test?...
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Akuna Capital LLC - Review - N/ABenefits of the internship were learning about options and playing around in simulated markets. Also working on projects helped to learn more about trading and the company.. Nothing really bad to say. Only down side was to have couple hours a day down time where you didn't have much to do if you had...
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JPMorgan Markets Superday SA2019Hey everyone, Just received a JPM Markets SA 2019 Superday in NYC. Date is very soon. Any idea of what to expect/does anyone want to share their experiences from previous years? Phone screen was heavy on behaviorals and only had general markets related quations. Thanks in advance for any advice!...
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Jane Street Capital - Interview - Sales and TradingI had no previous VBA experience so completing the assignment took some time. The problem was rather simple and was just a largest mover calculation but the syntax of VBA took me some time to figure out. However, if you have previous experience with VBA the problem should not be difficult. They also...
Wells Fargo and Company - Interview - DerivativesThe questions were pretty standard. They want to know your who, why, and what. One really difficult aspect of the interview that people overlook is the need to come of as genuine. I think a lot of people read liars poker and think that's what S&T is like. There are some desks that are like that I'm ...
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An unconventional pathway into trading: my adventures as an undergraduateFor personal reasons, decided to remove the contents of this post. Mods, please delete the entirety of this thread if possible or simply allow it to subside quietly. Will still be happy to answer questions. If I haven't replied back to you on PM, it's because I've a. been swamped with lot of messa...
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TD Securities - Review - DerivativesGreat team, had a system where if you wanted more you just ask and people were always there to help out and give you more opportunities to learn and get involved. . Given that it is one of the largest banks in Canada and a leader in derivatives it felt like I was a number at times. Within the team, ...
Optiver - Interview - TradingCoding interview questions - one was to find the number of days between two given dates. The dates were given in a string format so they had to be parsed properly to be workable. Another question was to find the whether adjacent tiles in a 2D matrix of integer values summed to a given target number....
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AMA: Former BB Rates Trader - Now a prop traderI've enjoyed this forum, and i see lots of people without a clue asking questions about trading, so i thought i'd do an AMA... My path was non-standard, but i've seen others with a similar path to my own. My Path --> Non-Target state school --> Job in BB IT (programming) --> BB Rates Trading Desk ...
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TD Securities - Interview - N/AOne unexpected question I got was pricing a couple of different kinds of bonds. i hadn't prepared for this but i did the best i could to come up with something close. I don't think i got it right but im not sure if it was that big of a deal. other than that question, most of what i was asked was wha...
TD Securities - Review - Debt Capital MarketsFlat structure since the company's trying to grow. Makes it easy for me to communicate and learn from senior management (and these people are great people at that). I like the culture and the people.. I really can't think of anything...maybe if the fleece vest with the logo looks a bit better that w...
Jane Street Capital - Interview - TradingNothing unexpected. Hardest out of what they asked me is: you have 2 10-sided die numbered from 1 to 10. What's the probability that rolling both and summing the results gives a multiple of 3? Now, what if the die were numbered from 0 to 9? What causes that change? Another question was, what is the ...
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Merchant Cash Advance Securitization? Reading about securitization and read an article on merchant cash advance securitization. Does anyone know how this area is doing? ...
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Wells Fargo 2019 InterviewGot an email for a 45 minute phone interview with 2 guys for Wells Fargo Securities Markets Summer Analyst Program. Has anyone had experience with this? What should I expect? ...
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Prime Brokerage/Electronic Trading (S&T) vs Structured Finance (IBD/WM) exit opps?I am starting at a BB as a s&t graduate analyst and I want to hear out your opinions on the team that I will be joining. Apparently, my team does a hybrid role of prime brokerage and electronic trading, which could be interesting and meaningful, but one thing that I am concerned about is pigeonholin...
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Flow Traders' Math test Hey !! So I've my Flow Traders' Math test coming up in a few days and wanted to know a substitute for tradertest since its no longer active. I have tried arithmetic zetamac and getting decent enough speeds at it but it doesnt involve decimals and i fear that may be my undoing. I request anyone wh...
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Choosing a Minor To Go With a Finance MajorI am interested in trading, not really sure what type of trading though. I have just started reading a few basic trading books. I am a finance major at a non target and I have time to pursue a minor. I have narrowed my choices down to a minor in agribusiness and management, a minor in agricultura...
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TD Securities - Review - Sales and TradingGood culture and good group of guys to work with. Fast paced work meant that no day was boring for the most part. Work was very autonomous and boring after a while. Also had to go on quite a few coffee and lunch runs...
Susquehanna International Group - Review - Prop TradingGreat company, super smart people and invest a lot in the education of both interns and graduates. Everybody willing to teach and learn from others. Some people might prefer a small firm where they feel they are making more of an impact, but the larger firm with developed technology and processes ca...
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Run me through a typical physical crude/products/gas/ base metals trade.Hi all. I'm a university student looking to breaking into physical commodity trading. Hoping some current or former traders would be happy to chronologically run me through a typical "trade" or "deal," covering pricing, logistics, finance etc. Would also be interesting to hear, seperatley, how off...
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How much travel and relocation is required of physical commodity tradersWas wondering how extensive travel would be for a junior physical commodity trader at a supermajor or at a house such as Vitol, Glencore, Trafi. Also, what are the chances of being relocated for an oversees assignment....
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Barclays Capital - Review - EquitiesVery happy, people are great and always willing to help/teach me new parts of business. Lot of responsibility for junior. Work is long, sometimes the work isn't as rewarding or intellectually stimulating as I would like it to be...
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I'm currently an equity derivatives/vol trader: AMA!Hey guys, I still remember my humble beginnings when I was an undergrad and had no idea what the fuck I was doing. Luckily, I was able to get a lot of great insight from WSO (reading in between the lines of troll posts), and well, rest is history and here I am. A quick summary about me: I graduate...
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Citigroup - Review - Sales and TradingMost of the people were great. You get set up with both formal and informal mentorships which can be very helpful.. Getting stuck on a rotation where you don't fit in well with the culture can be a drag. But, it is rotational so it'd be worse if you were stuck on a bad desk and you didn't rotate....
Barclays Capital - Review - Investment ResearchDecent work hours, largely driven by what's going on the markets and demands from sales and trading colleagues. Barcap was the last shop on the street for standard salary bumps when I was there, which was widespread across competitors...
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Execution Trader BooksHi All, I'm looking to join the buy side, probably doing execution trading. I know, it's not very sexy. I've worked at several sell side trading desk and got recently laid off and now I'm stuck at a major bulge bracket in NYC, as a TA, on their cash equities desk, support their program, electronic,...
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Société Générale - Interview - TradingBehavorial questions were standard. Walk me through your resume, why applying for this position, why our company etc. Second interview, technical one, included number of probability questions, brainteasers, options theory (BS model, greeks, put/call parity), market related questions - where is SP500...
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Weekly TradingHey guys, I'm a new member here. I just wanted to ask a question about becoming a trader at a small or large firm. I am not currently at a Top Ivy League university because i slacked off in high school, but i am doing well in college atm working on getting a business major in finance and computer sc...
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15 Career StepsLongtime reader here, left the biz in 2012. I thought I'd give back and post some good advice that was shared with me by an older mentor when I was younger. Learn it. Use it. Live it. Hope you find it helpful. 15 CAREER STEPS 1.) Perception is everything...act as if. 2.) Never give them a reaso...
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Compensation at supermajors and physical houses for traffic and tradersWas wondering what one would expect to be paid on the traffic desk at a supermajor oil firm and at a physical trading house such as Vitol, Glencore, Trafi on any product desk. Also, I know it varies quite a bit but what would a junior trader earn in salary and bonus at either the supermajors or phy...
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Changing Bloomberg ColorsI've been on a few trading floors recently and seen a very nifty bloomberg theme with a blue background and red accents. However, the help desk tells me that my only color scheme available is the default black background theme. Is this a firm-specific setting? I have seen it in person at ICAP, BNP...
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