Silver BananaTopicReplies
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How to prepare for FT Market Risk interview?Any tips on how to prepare for a FT Market Risk interview? What kind of technical questions should I expect?...
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ABN AMRO Group - Interview - GeneralistWith HR: Very basic stuff What is your ideal working environment What is your ideal manager like What is your availability for the summer How did you find out about us With directors: Similar stuff as with HR Tell me about yourself Resume specific questions (i.e. past experiences, involvement on ca...
ABN AMRO Group - Review - OperationsGood name to have on resume, pretty good pay for a freshman/sophomore internship, good hours, potentially good experience if you want to do S&T. No form of training/mentorship whatsoever, skills not really transferable to banking, kind of a dying industry...
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What's the outlook like for external wholesaling at bulge brackets in the next few years?Will it be tough to make 300k+, which I've been told is the minimum for externals in nyc? Is it still a pretty good life?...
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Belvedere Trading - Interview - N/ASuppose Bob and Alice play the following game with a standard deck of 52 cards. Each turn, a player has the option to draw between 1 and 5 cards from the deck. The player who draws the last card wins. If Bob draws first, how many cards should he draw? My answer is three, but it was just a random gu...
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Citadel Securities Trading InterviewDoes anyone have any insight on the interview process for Citadel for a new grad trading role? I have a superday coming up with them soon and there doesn't seem to be much information online about the content that they ask....
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Thomson Reuters - Review - Financial ServicesIts a great company if you want to learn, pay is better than the industry average and you can move up. Management can be stubborn (not really supportive), there is no sense of direction right now since there is an acquisition ...
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ACT Commodities Does anyone have any insight on ACT commodities sales trader position? Shop seems kind of sketchy would love some insight from anyone who's worked there or interviewed.d...
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How Prestigious is Jane Street Capital?What are they exactly? I don't understand what kind of shop they are, what kind of pay guys there get, how prestigious it is, etc... There was a thread on them a couple months ago but I read it and still didn't know what they did. Jane Street Capital Overview Jane Street Capital is a proprietary t...
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What was the Biggest Reason you Landed your First S&T Interview?I'm looking into S&T internship opportunities for next summer, and I want to know the one reason that folks who have interned or worked full time in S&T got their first interview....
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Akuna Capital LLC - Interview - N/AThe mental math is wuite tricky, needs practice. Sequences aswell, needs fair bit of practice. The personaility test, I just answered how i would regularly, didnt not try to skew my answers a certain way. For the hirevue, i found the interface confusing, the first behavioral was just about your outs...
Scotiabank - Interview - Sales and TradingDescribe market trends in the past 6 months. Choose a security to long and short right now. What is the difference between debt and equity? What is the credit spread? The hardest part of the interviews was that they ask a very broad range of questions from Fixed Income to Equities. Need to have soli...
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Seeking a Proprietary Trading company in NY w/ high margin Does anyone know a reliable Proprietary trading company that we can use to intraday trade? are are looking for high multiples ... 20 or 30 to one on our money...
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Belvedere Trading InfoI have an interview for a Trader Trainee summer internship with Belvedere next week and am just trying to gather a bit more about the company. I've looked at all the information this site has about the firm (which is not too much, but still helpful) and was curious as to whether or not anyone might...
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Standard Chartered Bank - Review - GeneralistIf you are the type of person who enjoys coming to work in a 9-5 environment, then this is the place for you.. Below market pay. A lot of politics with managers hiring from their own background/ethnicity. Very conservative and low quality of people compared to bulge bracket banks....
Citi - Review - MarketsGreat place to work, relaxed culture, not a competitive process, emphasis on junior talent and learning. Lots of bureaucracy, many desks, difficult to navigate multiple placement processes as analyst and associate...
Wells Fargo and Company - Interview - Sales and TradingSell me something non-financial, was something pretty difficult/unexpected as we came in with stock pitches and bond pitches all prepared but then we had to come up with something on the spot that was completely different. It's best to pitch something very very unique, don't even think about doing a...
Two Sigma Investments - Review - N/Aemployees are always kind, work is in an excellent location and the free food/gym is a big plus for me.. hours are long and the work is not always interesting - everybody seems to come from the same kind of background...
Optiver - Interview - Prop TradingThe most difficult questions were definitely the brain teaser questions. There's a reason that they're called brain teasers! With that being said, from everything that I've heard and my experience, it didn't seem necessary to get the right answer as long as you were able to explain your though proce...
Northwestern Mutual - Review - InsuranceFreedom. Nobody on your ass all the time but even the freedom doesn’t outweigh the bs job it is. Don’t do it lol. Lack of guidance and fake leadership. They will say something to your face and do the absolute opposite ...
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What is a good time to take the series exams for an undergraduate studentHey all, I am a sophomore in college aspiring to be an investment banker. I was reading up on the series exams, and was wondering when should I start thinking about taking these exams. I know I am required to have a sponsor for the series exams, so when would be an ideal time to take them? I plan o...
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DRW Trading Group - Review - N/AFree breakfast and lunch Good work environment Given leadership early on in career Good hours compared to banking. Impossible to become a partner. Very little communication between other desks because they want to protect IP...
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Future of Securities Lending Sales and Trading at I-BanksDoes anybody have any insight on the future of Securities Lending Sales and Trading at major Investment Banks? Any information on compensation vs. traditional trading desks would be appreciated as well. ...
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How important is some level of a Comp Sci Background for S&T?Hey all, With the financial landscape turning more and more toward algorithms, machine learning, AI, etc., I'm wondering what level of computer science people think is necessary to get into and ultimately perform well within S&T. I recently spoke with a programmer at a BB who told me that Python (...
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Belvedere Trading Hirevue?? technical ?'sWhat's up WSO. I got an invite for a 20-25 minute technical hirevue for a Junior Trader Trainee Intern, what type of questions should I expect? I'm assuming a few "why xyz firm," but what type of technicals and mental math should I expect? Are the questions presented and it records me doing the prob...
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Belveder Trading LLC?Belvedere Trading recruits from my semi-target public school and I just received an invite to do a Hirevue. Does anyone have any insight into the firm and its recruiting process that can't be found on its website? I applied blindly as I am more interested in an IB role; I really don't know what to e...
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Akuna Capital LLC - Interview - Prop TradingStarts out with easy probability questions (rolling dice expected pay, etc) Then starts to grind out with math/technicals: How much length of rope would you need to circle the earth at an altitude of 5m Rolling 100 marbles down stairs, half drop for each stair, how much left on 4th stair. Optio...
Deutsche Bank - Review - OtherLove what I do. Independence at my current role. Getting to trade the full book at my current age, usually people have to wait a bit. . Not sure if the bank is interested in the business. This impacts the pays and not sure about the future growth. ...
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Structured Credit TradingWhat exactly is structured credit trading? I know some banks have a correlation structuring desk, correlation trading desk, a special situations group, and a structured credit trading desk. I am getting these all confused. Would someone be able to definite their roles more precisely? Thanks!...
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What is the actual GPA needed to break into S&T?I recently got the chance to speak with a VP at a BB, and one question that I asked was the minimum GPA that would be required for either a FT or SA role in S&T. He told me that if a candidate had somewhere in the 3.2/3.3 range, they would be fine. However, earlier this year, I spoke with the he...
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Desk software developer at prop trading Hi everyone, i have a friend who works in a well known prop trading company. He says he has two software developers working on his desk and they get part of PnL as well. He said they know business very well and could easily become traders if they wanted. Anyone knows, how true is that? What software...
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2019 BB Sales & Trading recruiting timeline?Just want to start a topic on 2019 BB S&T recruiting timeline. I heard several got offer to 2019 Citi S&T through minority program. JP is sending offers (the one I know is also minority). BAML did not start until July 1st. How about other BBs? Did anyone hear from them? Thanks. ...
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Imperial Capital LLC Internship interview Hello! I have an interview with Imperial Capital LLC's rotational program with S&T and institutional research. I am just curious what to expect. I cannot find much online and I don't know if I should email the recruiter or not asking if I should prepare a stock pitch. I am being interviewed with 4 ...
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Citigroup - Review - Debt Capital MarketsPretty good hours and relaxed culture. Working on the desk can be stressful, but you get a good dynamic view of markets and events. . Culture can be collegial of course, but very intense when it’s busy. There’s constant pressure to perform and be alert. ...
Jane Street Capital - Interview - TradingWhat is the probability of drawing 2 kings from a 52-card deck? If I flip 5 coins, what is the probability I will get more heads than tails? I play a game where I roll a dice and get to win the number shown. What is the value of this game if I am allowed one re-roll? What about two? You have a 30...
Citigroup - Review - Sales and TradingSome really great people there. It wasn’t cut throat with interns. It also wasn’t very elitist — good mix of state/private schools. . If you get a couple bad rotations (bad culture fits) it can really sink your chances for a full-time offer. ...
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2019 SA S&T recruitingSeems like most of the SA recruiting discussion on here is for IBD, so I figured there should be a thread for S&T. Anybody have any insight on who is still interviewing? I'm interning at a small asset management firm this summer working pretty closely with traders but my school (non-target) has al...
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BNP Paribas - Review - Equity Capital Marketsgood culture, smart people................................................................................... no..........................................................................................................
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Series 3 Exam Compared to FINRA ExamsHas anyone taken the Series 3 exam lately? If so, how did you find it? Years ago, I passed the 7 and 63. Within the last year, I passed the 57 and 4. I thought the 4 was harder than I thought it would be. How does the 3 compare to these other exams? Thanks. ...
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Has anyone worked for/had experience with Tradelink LLC?Keen to know more about the way they trade and the history/standing of the firm? Seems like a quant trading firm but there is little info on their site/web. Thanks in advance x...
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Susquehanna International Group - Review - Prop TradingThe perks are pretty nice. Benefits package is pretty thorough. Decent free food. Gym is open 24/7 and quite large.. Pay is a little low for industry, though understandable as it's good for the area. Can't help but feel like devs are second banana to traders....
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Bloomberg Terminal - CMBS/CRE CLO search questionCan anyone please help me out here? I am looking for CRE loan/property level data via Bloomberg terminal. I have had great success accessing CMBS data tapes and being able to sort through info on the property-level collateral. I would like to look at mortgage maturity dates in CRE bridge loan CLOs...
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Barclays Capital - Review - GeneralistGreat rotational program to see all desks throughout equities, credit, FICC. Also supportive mentors. Training program was not very helpful. The trading floors lacked coordination and any cohesiveness. Minimal team events...
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BB S&T SA First Round Advice?I have an upcoming phone interview first round at a BB for Sales and trading. I've read online that I can expect mostly fit questions. However, I know very little about S&T and do not have much time to prepare. While I follow the stock market fairly well, I know very little about Credit Default Swap...
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AMA: Managing Partner at a Options Trading FirmMorning guys and Happy Friday! I'm currently the managing partner at a Chicago based options trading firm. I've been here for five years. Prior to this I was a Trading Analyst and then Trader at a large Chicago based prop firm. Ask me anything! The weirder the question, the better!...
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Anyone selling their Series 7 Knopman books?Badly in need of this. I have the STC right now and fully aware knopman is better. Please let me know if you have any friends selling it (preference for anything not older than 5 years - unless they’re all essentially the same?) ...
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Wells Fargo S&T internship offer 2019 I got a SA Sales and Trading offer from Wells Fargo for the New York office for summer 2019. I like the firm a lot but some of the other firms I've been looking at (BAML, JP, CS) haven't even opened applications for S&T yet. Any advice? The offer explodes soon ...
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Deutsche Bank - Review - MarketsGood compensation. Flat mgmt structure. Great healthcare plan; plenty of opportunity to travel and expose oneself to different cultures and environments. Challenging living in frontier markets; lack of vision or clarity; relatively too much bureaucracy for such a small organisation; too many irrelev...
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Edge protector machine manufacturersBasic Info Model NO.: ZHJ-120A Sheet Former Type: Pressing Automation: Automatic Customized: Customized Brand: YALIAN Place of Origin: Wuxi,China Power: 25kw Cutting: Servo Motor Control Thickness: 1.2mm-10mm Trademark: YALIAN Origin: Wuxi Type: Paperboard Paper Thickness: Normal Specification Paper...
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Goldman Sachs - Interview - GeneralistHow would you price an insurance? I was helped by looking at it from a purely probability problem. What would you tell me to catch up on the news after not having seen me for three years? This was meant to catch-up on the financial news and being able to mention the biggest events and the impact on...
BNP Paribas - Interview - GeneralistBrainteaser: You have two opaque jars and 50 blue marbles and 50 red marbles. You can choose how to divide the marbles into each jar. You must maximize the probability of picking a single blue marble assuming you can't see/don't know which marbles are in which jar. They gave me plenty of time to thi...
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Recruiting for Prop TradingI'm currently an undergrad attending a target public school and have been seeing lots of trading opportunities being posted on our job boards (DE Shaw, SIG, Jane Street, etc). I'm currently majoring in mathematics and information systems with around a 3.7 GPA and am seeking a full time role. By back...
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Physical Trading - Energy Commodity PreferencesSaw some threads on this but most were a few years old. Wanted to revisit which energy commodities are the preferred commodities to trade among the experts here. There seemed to be a strong preference for NGL / LPGs relative to others such as crude or refined products. Do you still feel the same way...
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Optiver - Interview - TradingIt wasn't a technical question, but more of a question that was difficult for me to answer as I am still uncertain about my future. I don't remember exactly word to word but it sounded something like -> If we hire you how long do you plan to work here? there were also several personality test quest...
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Cash Equities Trading at Morgan StanleyHello I will soon start as Cash Equities trader Analyst at Morgan Stanley. In your view, what is the best book/material to prepare? My past experiences were all related to credit/rates so equities is all new for me. Thanks!...
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Optiver - Interview - N/AI would definitely say that the most difficult interview questions were the math problems in the third stage of the interview process, where the traders asked me math questions that covered market sizing, finding square roots of large non-perfect squares, and AIME-like questions. The problems weren'...
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How do these Instagram/Youtube trading communities/day traders work?So I've seen so many ads for these day traders on youtube and instagram who "recruit followers" to join their "team" and seem to post pictures of how they're clearly living the life (flash stuff). Clear, it's some sort of scam - but how does it all work? Some of these guys have 100k+ followers etc....
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How does the Carry Trade Work?I'm working my way through Hull right now and am becoming more familiar with discounting and forward pricing. However, the existence of interest rate parity and the carry trade seem to contradict each other. How does the carry trade work if it is in theory eliminated by forward pricing based on inte...
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Optiver - Interview - N/AAs I mentioned, there were 80 questions in 8 minutes. These consisted of decimal and fractional multiplication, division, addition and subtraction. Each question attempted gave +1 while each question wrong gave an additional -2 (overall -1). For example, if you attempted 60Qs and got 5 wrong, your s...
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QUESTION TO PHYSICAL OIL TRADERS/ COMMODITY TRADERSJust a question fellas. Why exactly does a physical oil trader exist and how do they capture profit in the grand chain ? I noticed that crude oil -> refinery -> refinery sells to commodity traders (Glencore, Trafigura, Gunvor, Vitol, etc). -> trader sell to someone else How exactly does a Gle...
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Akuna Capital LLC - Interview - MarketsHaven't done the video interview yet, but here are some possible behavioral questions: what's the biggest risk you have ever taken? What qualities does a market maker need to have? Do you have these qualities? Why are you interested in trading? Tell us about one extracurricular activity you do. Th...
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Taking sophomore summer off to play poker full time: big mistake?Hello everyone, a little background on me first. I am a sophomore majoring in economics at a top 10 national university. Academically, I have a 3.5 GPA but no real work experience or noteworthy extracurricular activities. In the future, I would like to work in trading at a prop shop such as SIG o...
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INVESCO Asset Management - Interview - Sales and TradingWill ETFs or Mutual Funds survive? How would you build a portfolio with $1 MM right now? Tell me about passive vs. active investing - pros and cons of each. Are retail investors becoming more apprehensive to products? If advisors are cautious of fees going forward, how can we optimize affordability ...
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Why Forex but not any other marketsDo you think Forex is great? Do you love trading this market? If you have picked the Forex market over any other markets, you would gain a lot of benefits. This is one of the markets that helps the trader to create a good position. The trade would be able to run trading as a career itself. In fact, ...
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Trader Documentary - Paul Tudor Jones (Must See)Below is a link to the Paul Tudor Jones documentary video that shows him predicting the 1987 Crash (he tripled his money during it). This is a must see for any trader and shows the legendary trader in action before he became a billionaire. Although the video was shown on public television in Novem...
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Optiver - Interview - Prop TradingThree behaviour questions. 1. Since I am during a master program in Eidgenössische Technische Hochschule Zürich, the HR recruiter asked me why not chose to apply for a full-time job locally since the pay is competitive, but go back to mainland China instead? 2. Have you ever applied for the US-bas...
VTB Group - Review - Sales and TradingLeading local bank with strong brand. Great talent spiced from the whole market. Relatively young bank with a lot of room for growth.. A lot of bureaucracy, a lot of processes can take a very long time. Small market with focus on Russia and CIS. ...
JP Morgan Securities - Review - GeneralistCompany cares a lot about the development of summer interns and finding a good "fit" for full-time placements. . The work-life balance, as most people would agree and expect, is definitely not a selling point for the internship....
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Inter-dealer Broking or Wealth Management Career?Hi, I recently graduated uni and am at junior level. I was recently offered a position at a large IDB in London and was subsequently offered a position at one of the UK's largest wealth management firms - also in London. I am looking for any advice or opinion on which path to take for anyone with...
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RBC Capital Markets - Review - Quantitative ResearchExtremely smart people who cared about your career progression, very good technology, lots of resources to access. Bureaucratic nature of processes inside bank can slow things down too much, need a better decision making process...
Morgan Stanley - Interview - Quantitative ResearchI would say the most difficult interview question was the probability question. This questions was multi-variate (2 variables) and had multiple edge cases. I struggled at times but managed to make progress through it. Now, I would say the most unexpected question was the first statistical question, ...
Trafigura - Interview - Risk ManagementThey asked questions about the application I submitted so I had to dig back into my memory to remember what I had written. They also asked me to tell a joke, so that was awkward. Other than that, it was a lot of questions about hard situations, risk-management, commodity specific risks. How would ...

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