Silver BananaTopic
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Investment booksWhich have you enjoyed? I'm talking more personal finance books than textbooks. I've enjoyed most of the bio of buffett stuff. Also Poor Charlie's Almanack, Greenblatt's books......
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Ranked near top of analyst class, include on resume?If one was looking to move to another bank after their first year, would it look stupid to put your review/ranking on the resume? I.e. if you have been ranked in the top bucket across all categories, would it be worth your time to put it as a bullet? It is something that will come up in the intervi...
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MS Fixed Income QuestionDoes anyone have any insight as to which group in MS Fixed is a good group to join? I would prefer to stay in NYC so commodities might be out of the question. Any advice would help. Thanks....
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Enrty-level BB Proprietary TradingIs it possible to enter a BB as an equity options prop trading assistant rather than a traditional flow assistant?...
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Product Control TransitionI am seriously considering accepting a position as a product controller at a Bulge bracket bank. My background is in accounting but I want to transition my career to S&T (difficult if not impossible I know). I am wondering if pursuing product control is a good idea, and wanted to get some feedback o...
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ML London: best desks for Markets (had mistakenly put this in I-Banking discussion)Anyone know what the best desks at Merrill are in capital markets in London (eg. fixed income, structured products, equity derivatives, forex...)? ...
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New Products?Lot of discussion on which is better, FI or Equity. What are latest and greatest products out there? Any thoughts on how long they will last? ...
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Structured EM tradingHi, can anyone give me background on this product? I summered in Structured Credit, and loved it, but would hopefully like to get into EM since spreads appear more mispriced. Is this a fast growing product? thx...
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Credit Suisse FISO AwardsAnyone heard of Credit Suisse's Fit In, Stand Out (FISO) Awards for undergraduate students? Just want to know how popular is within the I-banking community. Anyone here applied for the awards?...
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Minorities in S&TAs an Indian American (NOT American Indian) thinking of Sales and Trading after MBA (at Cornell), what are some firms that you see more minorities on the floor? And sorry, when I say minority, I don't mean Black or Female. I ask because at the Bank I am right now, most of the people I see on the flo...
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Need some advice for interview, etc.I've posted on this site before, I have been trying to get a job in trading for the past few months, with little avail. I graduated from college about 7 months ago, applied to a lot of places with little luck. I was wondering how bad this is, and how bad is it to an interviewer. One good thing is ...
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Need Help - Seeking info about interest rate sales groups I am solely seeking information about interest rate sales groups. Can someone who knows from experience please direct me to league tables or let me know roughly how different banks rank on prestige? Also, could you refer specifically to Lehman, Morgan Stanley, Goldman, BofA, and Wachovia?...
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A few good men'I eat breakfast three hundred yards away from four thousand hedge funds who are trained to pick me off. So don't think for one second that you can come down here, flash a client relationship, and make me nervous. Son, we live in a world that has risks, and those risks have to be avoided by men wi...
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Hottest desk(s)Just wondering what people in Equities think is the hottest trading desk at the moment. Which products have the highest margins? Where can you make the most money?...
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S&T for Energy Rankingshow do the firms stack up for S&T, couldn't find a good list anywhere. I have heard there is a signficant drop off after GS/MS, is this true, and how would the rest of the bulges compare? Thinking about doing something with energy, either equities or commodities....
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Just HOW MUCH MATH does a trader need?Hey everyone, So, I want to become a derivatives trader; I major in Economics at a top 5 school, interned at Goldman (FICC division) last summer and will intern at JPM (Credit Derivates Marketing for Germany) this summer. My question to you is: Just how quantitatively able does one have to be to be...
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Do you like your job???Hey, I hear many bad things about ibanking. People working corporate finance just seem to hate their lives (not all of them, but way too many of them) I just wanted to get a feel of how many of you working in S&T actually enjoy your job? Post how do you feel...Do you absolutely LOVE your job? kind...
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UBS Russian equitiesI have an interest in them and they seem to have an interest with me. They said that they don't have official summer intern programs, but they will make a spot for me. Has anyone heard anything about them? They are based in New York....
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Opportunities after 2 yearsI will be working on a fixed income trading desk next year (dealing with either govt. bonds or credit) at a top 4 bank and I was wondering what your experiences have been regarding opportunities to move desks after putting in 2 years as an analyst. Is this a common path? If you start in inerest ra...
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which is brockerage is best for beginnersHey I was just wondering, for someone who plans to begin investing in the sotck market whats the best online brokerage to use and with the lowest fees......
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bill grosswatching him now, i'm still not used to the lack of 'stache...
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Moving from MO to FOWhat do you think is an adequate time spend in MO to start looking for a FO position? Is there an unwritten industry rule in regards to time one needs to spend in MO before looking for a job in FO? All this in ref to trading. Thx, L...
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S&T Analysts and Their ContractsIn IBD, it's pretty unusual for banks to keep their analysts after the two-year contract. What happens in S&T? When I signed, I was told that most analysts stayed. This made sense to me since it'd be around this time that you'd have your own book and be able to start 'adding value'. If they just...
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Totally Shut Out of 1st Round InterviewsAny clues on why this would be? I got plenty of interviews junior year and for FT recruiting in the fall (i'm class of '07) I then decided to get a MS degree in finance and graduate in dec. 07. I applied for trading internships and haven't gotten a single interview, even for goldman (which literal...
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Prop Desk - Thoughts on prestige/experience/comp any thoughts on prestige/experience/compensation vs a hedge fund. thanks...
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Rejected From Lehman Summer START Pre-InterviewI'm really at a loss here on what to do. There's only a few summer S&T programs left that recruit at my school (one of HYPS btw). I really don't understand why I didn't get at least an interview (checked my resume again, still can't find any errors). This sucks, I think I'm going to get completely s...
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Trading job post-law school?I go to a good law school and have a strong math/econ background. I know a number of people who are doing i-banking after they graduate, but I wondered if anyone knows of law school grads going straight into trading. Will I just be wasting three years becoming obsessively risk adverse and be a les...
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GS EquitiesI am interviewing with both GS Equities and FICC. If I can't get into FICC, should I take equity? People say it's dead, but I would like to hear from people who are actually in Trading. What is your advice? If FICC doesn't work out, should I just go for i-banking or is there still some potential in ...
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Lehman's Energy GroupAnyone heard about this new group and how they are doing vs Goldman J Aron, Morgan, and Merrill?...
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From ER to S&TDoes anybody know the process of transitioning from Equity Research to S&T, particularly to the trading floor. I know the two go hand-in-hand in terms of ER getting the information across, but how would one go about trying to transition into it. I am currently doing an ER internship at a BB, just ho...
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Move to trading from quantFor someone with 1-2 years of experience as a quant on a prop desk in a BB bank, is it easy to get a prop trading job in most BB banks and hedge funds?...
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Get into energy trading now? job prospects, salary, etc.Hey all, I was wondering what your opinions were about getting into energy trading now? I have an opportunity to work for an established hedge fund (>$20bn) in their energy trading desk right out of undergrad and am strongly considering it. Still, I have the impression that the energy market in par...
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List of good trading/structuring internship programs?So far I'm applying to: -GS -MS -ML (structuring) -Bear Stearns (structuring) -JPM -CS (structuring i think) -KBC (trading/structuring) Any other good firms out there? ...
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Master's Program in Quantitative FinanceI go to Georgia Tech where I am studying Mechanical Engineering...which I found out is not for me. I have one year left in that and I am considering a Master's program also offered at Georgia Tech called Quantitative and Computational Finance. It is one of the few Master's programs that focuses excl...
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lehman brothers s&T- best deski recently accepted an analyst position with lehman s&T starting in summer 07 i want to go into some sort of credit trading but was wondering what peoples opinions are about what the best desks are at lehman thanks for the help...
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Daily trading volume of Equities, Fixed Income, ForexI'm quoting below from a Wikipedia article [quote]The forex market is a cash inter-bank or inter-dealer market, which was established in 1971 [citation needed] when floating exchange rates began to appear. The foreign exchange market is huge in comparison to other markets. For example, the average ...
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mfe for getting on a bb trading deskfrom the alumni profiles of Berkeley, CMU, Chicago, it seems that the masters in financial engineering/fin math does a good job in placing people onto the trading desks. Is that true? I don't want to spend a year and 60k to get a quant job. ...
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Your take on stock pricesHey, I know there's many metrics to figure out if a stock is a good buy, such as P/E, PEG, fundamentals.... but I can't figure out how the stock price in relation to it's 52wk high or low can help my decission. If a stock is very near it's 52wk high, is it good b/c it's growing or bad because it mig...
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S&T Program Interview AssistanceThere are a handful of questions that are commonly asked during ibanking interviews; most of us know them and have the appropriate yet truthful responses. The answers to these questions differ depending on which section of ibanking you are looking to join and since I'm posting in the traders section...
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Interview Help - Been actively trading I have been actively trading the FX market through a retail broker for about 2 yrs now with good results. Is it beneficial to mention these results in an interview or on a resume? And if so, how much clout would you say interviewers ascribe to these kind of achievements?...
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2006 Stub BonusesWho has heard word yet on stub bonuses for new assocites (finished b-school May of 06). I've heard 45k from GS, MS, and Lehman........
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Institutional Equities Sales InterviewHi, I have an interview next week for a sales position at the Institutional Equities desk at RBC in Toronto. Does anyone have any experience with these interviews? Any suggestions on how to prepare and what to expect would be greatly appreciated. Thanks...
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Internships in trading?Earlier this year I sent my resume out to some contacts in the banking world. After a lot of thought and research I realize that investment banking simply is not for me. In just about everyway I can imagine (personality, relative strengths and weaknesses, interests, etc.) I feel that trading would...
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a few newb questionsive been very interested in finance, trading, economics ect. for quite some time. I know a decent amount, but have a few questions. when you all refer to private equity, prop shops ect, what exactly is the definition of that. would it be a hedge fund of sorts? please explain. also, when i go off to ...
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What should I doI have always wanted to be a salesperson. I interned at Lehman in the finance support group for their Equity sales force. I now works as an IB analyst for a MM canadian bank. I have 1 year of IB experience. I really want to know how I can jump ship to a sales position. would my IB expereince be any ...
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52 week % vs YTD %quick and probably dumb question but what's the difference between the 52 week % change in a stock price vs the YTD % change, isn't 52 weeks a year? so why isn't it the same?...
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good booksany good EDUCATIONAL books related to S&T, not so much about cool anecdotes and stories but something that will teach me stuff I can use in S&T? thanks...
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Computer Science advantageous for S&T?I'm a finance major but have space for a minor or a double major in another business field. I like computer programming so I was thinking a CS minor would be good for S&T, do you agree?...
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SUSQ versus CITIBetween Citigroup and Susquehanna, I was just wondering which company would be the best to work at for an entry level trading position? On one hand I can imagine there's more mobility around a giant financial services conglom like CITI, but I've heard much praise about Susquehanna's maths and statis...
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Importance of FirmOne of the reasons I chose trading is because it seemed to be more of a meritocracy than any other kind of job. If you're good, you're good; it doesn't matter that you don't work at a BB or a Tier 1. It seems like a majority of the bankers are extremely concerned with the firm/group in which they ...
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MBAs in S+T?Are there many MBAs working in S+T? I guess it's not an obvious choice for MBAs (compared to Banking), but do many people do this after a career change via an MBA? Cheers, Rody ...
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typical career path for a traderif i am going to be S&T at an equities desk next year, what is the typical career path? for the sake of the argument lets assume that i am not phenomenal and have avg. abilities. what will I be doing until I transition into a trading assistant? how long does it usually take before they let you tra...
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Trading assistant salaryHi, I've recently applied for a TA position (I am almost done with my undergraduate degree) and would like to know what kind of salary to expect. This position is in Canada so it probably will be lower than in the US, but I would like to get as much info as possible. Thanks for your help!...
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How much math is involved?I've been browsing through the Traders Train forum and it seems like everyone agrees that you need a solid background in maths to work in fixed income trading. I was wondering how much math is involved and what kind of math level you need to have in order to land a job in FI trading (assuming you h...
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What is most exciting about it?What is it of Sales and Trading that excites you the most? (not the money please) Why did you decide to go into S&T over other branches of IB and over other type of carreers? I'm interviewing for a S&T internship soon and I want to get some answers to these questions to see if I can relate to that o...
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Derivative Marketer ?hi Jimbo - could you pls explain it here cheers, Gordon ...
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Fixed Income vs. Currencies vs. Commodities at GS FICCWhich division generates the highest revenue among the three?...
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Do many move from IB to trading?Do many move from IB to trading?...
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Prop trading vs Flow/Market MakingI assume most traders at banks are engaged in flow trading rather than prop trading (although I guess all traders must have some proprietary component to their work). Do most flow traders aspire to become prop traders? Or do people stick to flow trading their entire career? Are exit opportunities fo...
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Fixed-Income Trader or Structurer?Alright, I just got an offer from RBS in its fixed income department. Given my quantitative background, I was given the option of doing either trading of structuring. I would like to know what people think about it and what the exit opportunities are for each. Salary wise? Thanks in advance....
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Putting up your own capitalTo enter a trading firm. I know some of them aren't legit, but if you know the guys running it, can it be a good idea? I am straight out of college, I was really looking for a salary position, but unfortunately this might be all I can find. Is it worth it?...
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Using Crystal Ball for Monte CarloAnyone ever use the Crystal Ball program for pricing path-dependent options? Having trouble with an assignment due tomorrow, and if anyone is familiar with it, I'd like to pick your brain. Thanks....
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Undergrad DegreeI know everyone must be sick of the undergrad degree talk....but what degree is best suited to break into trading. I'm getting an accounting degree and could get a finance degree as well but I would have to stay an extra semester in school. Should i just drop accoutning and focus on finance if tradi...
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Some things you can brush up to help for S&TFirst, read Liar's poker. Second, especially if you have interest in derivatives, learn about the main pricing models, and the various risks associated with derivatives. Read the Hull book. Third, if you can't back it up, don't put it on your resume....
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Equity Derivatives - How does pay compare? Everybody on this board keeps on saying FI is where to be and to stay away from Equities. Does this apply to Equity Derivatives? Is Equity Derivatives a good place to be? How does the pay compare to FI?...
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Which would be more advantageousI know it depends on many circumstances, but what would you think would be better for someone looking into trading: Getting a job as a trader/trader assistant with a new hedge fund that is starting up, or working for one of the big banks going for an analyst position. I am leaning towards the hed...
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Any UM grads here?Hey! I'm new to the forum. I'm a sophomore at the University of Miami. Trying really hard to intern at a bb in S&T. Anybody from Miami also?...
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Which Undergraduate Education option?In your opinion, which do you think is better for attaining a Sales & Trading job in London and New York respectively? (Please explain your answer) London School of Economics for a BSc Econometrics and Mathematical Economics or Columbia University for a BS Operations Research: Financial Engineering...
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Structured Credit vs. Prop TradingI need to make a decision between two offers. Both offers are at BB banks; one is in structured credit focusing on synthetic CDOs; the other is under proprietary trading focusing primarily on the commodities sector. The names for the banks are about equal so no difference in terms of name recogni...
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Wachovia S&T First RoundFrom a blind resume submission on their resume, I secured a first round telephone interview. Who knew that those resumes were actually reviewed! What will I be asked? What's the culture like? Where will I be based (Charlotte or NYC)? What do they excel at? Or where could I find the answers to the...
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derivatives deskhow much of a math background is necessary for derivatives structuring? how difficult is it to get a position at a derivatives desk?...
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Credit TradingSpecifically structured products. Anyone know more about payscale, exit opps, entry requirements, interview tips, etc?...
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The Hottest DeskWhich trading desk/product is the hottest -the most stressful, choatic, and high bonus market around....
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Microtrading at GS?Does anyone know the function of the microtrading desk at GS? I have a third round interview with them, but I've yet to find someone who knows what instruments they deal in. Thanks....
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Banking to TradingHas anyone here successfully made the transition from banking to trading? If so how did you go about it as a lateral hire?...
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Buy SideI'm a 25 year old buy side execution trader for a global bank. does anyone have any experience/suggestions as to where people in my position have gone to from my current position? It seems like the job I'm in now would be a great job to have when I'm 45 and have nothing to prove and just want to c...
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Questions for SA '07 S&TI will be interviewing for a S&T Summer Analyst position in a few weeks and I was wondering what to expect. How many interviews? How long for each interview? I would like to get into credit derivatives, should I indicate that during the interview?...
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BEAR STEARNS FASTClearly Bear is a great fixed income shop. Is going through Bear fast a good option? What kinda stuff do you do, how much do you get paid, how long to move onto the trading desk? ...
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Equity DesksAre equities truly dead? I feel as though Fixed Income's popularity is merely cyclical right now. For an individual exploring s&t offers at the BB's and other trading firms, would it be best to go into Fixed Income or into Equities? Discuss......
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Prop desk - Best ways to get into such a position I really want to work in a bank and on a prop desk. How can i go about this, what are my best ways to get into such a position. Do prop desks take on Junior/trainee traders...
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From banking to trading - 3 years of banking Does 3 years of banking experience help at all if I were to try to enter trading or a hedge fund? How much do the skill sets require overlap?...
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Are we seeing a vol regime change?VIX index has spiked and dropped. Where is it gonna settle?...
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DRW Business Analyst InterviewI was wondering if anyone knew how the interview for DRW's Summer business analyst position was? Is it as technical/quant as the trading DRW interviews?...
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Capital Asset Exchange and Trading, LLC Any insights about this firm is appreciated. Thanks. http://www.caeonline.com/ ...

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