Silver BananaTopicReplies
Northwestern Mutual - Review - Financial Planning and AnalysisHours worked were not too bad. Interns started at 7:00am or 7:30am and worked only when meetings were on the book.. The work culture and supportiveness of coworkers is good. Usually management is competent and knows how to train....
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what's the best/cheapest online trading platform to trade stocks?say I had 1000 bucks and wanted to buy some stocks, what's the cheapest online trading platform that I could use - buy and hold strategy, I'd probably put 500 into 1 stock and 500 into another and sit on my hands for a year....
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Ask Me Any Question You Have About Prime BrokerageI realized that there really isn't much information on prime brokerage on this site, even though it has been a significant source of revenue at bulge bracket banks under the S&T umbrella. I currently work in this industry (one of the big players GS/MS/JPM/DB) and am here to answer any question you h...
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Credit Suisse - Interview - Generalistsome unexpected questions, but most of them were simple and it was more of a conversation than an interview. Also got asked several questions about my strengths and weaknesses and your basic behavioral questions. Be sure to know how to answer the why questions like why the company why that role what...
Jump Trading - Review - FinanceCompany is very good. I learn from people every day, and get significantly better at coding and data analysis.. Not much here. Maybe more vacation would be nice, but it's an amazing company to work for. Nothing else to say....
BNP Paribas - Review - Global MarketsAmazing culture and people are very supportive. The teams made a real effort to incorporate interns and new analysts in everything.. No real cons to speak of. The only thing I had an issue with is that the building isn't very glamorous....
Morgan Stanley - Interview - Equity Capital MarketsFrom the in-person interview these were the two questions that stood out the most: - Given 2 nodes in a tree, find lowest common ancestor. (Specifically use recursion to solve the answer. After this process is done, use an iterative approach to give an equivalent answer) - Explain your understanding...
Jane Street Capital - Review - Generalist- Really smart people - Close knit company culture - Plenty of outings for interns to bond - Offered intern housing. - Some people can be blunt/rude Besides that, I am not really sure—I very much enjoyed my experience....
BNP Paribas - Review - Sales and TradingThe people are very sweet and friendly and there is ample opportunity to learn. The culture is lenient. Not a lot of deal exposure since BNP is not that big in the US but no other complaints apart from that...
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Fixed Income: How to Calculate PnL and WhyHi, having some job interviews: why is notional*DV01*bps = PnL on a corporate? How do you calc for UST? Can you just do I buy 100 bonds, the price goes from 99-25 to 99-26 so i make 1/32 * 100?...
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Anyone heard of this "millionaire" trader: Umar Arashaf? He appears to have some rather interesting approach to investing, is not yet 25 and I guess for someone of a working class background to have landed himself into a conformable financial position without the institutional branding of elite schooling. Is there more to him than he lets out; what could ...
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Wells Fargo and Company - Review - EquitiesAnalyst program newly created so not many layers to the organization and ability to take on significant responsibility early on in career.. Not a fully developed analyst program with very little support and resources once you are actually on the desk....
Optiver - Interview - Prop TradingMost difficult part of early stage is passing mental math test, especially the in person version that is sat after the online version, need to be very quick with a variety of different questions that appear in an unusual format (fill in blank etc). In phone interview wanted to know largest exchange ...
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Canadian Big 5 Banks - Sales & Trading Summer 2019 InterviewsHas anyone heard back on if they have gotten interviews for any of the big 5 canadian banks (Rbc, td, scotiabank, cibc, bmo) for s&t summer 2019? Apparently they should come out this week....
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Akuna Capital LLC - Review - Trading- Everyone seemed competent and friendly - Dedicated trainer to teach the interns - Seems like the firm was pretty good (at least for options market making) . To be honest, not much. Their compensation for traders might be below average, but I'm not sure. When I was given an offer they were vague...
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High yield/Leveraged Loan/Distressed DebtHi, Looking for someone with experience trading leveraged loans/high yield/distressed debt that could give some insight in to the role. Specifically- - What a typical day looks like on the desk - Strategies (Total noob here) - Best books to help learn - Outlook for the industry - Exits Thanks, T...
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Citigroup - Review - Sales and TradingGreat culture, great educational opportunities, and the path to offer is made very clear. Overall great experience. The only critique that I would have of the summer program is the nature of the work. Much of it was very unstructured, but this seems to be the case in many summer programs...
Citigroup - Review - Sales and TradingGreat culture, seamless credits, education and networking oriented internship. Ability to hear from senior leaders.. Three rotation format is helpful for interns if they are placed in areas by someone within that department rather than HR....
Optiver - Interview - TradingAdding and subtracting decimal based mental math was difficult. The sequences test also consisted of some probability questions that required a little bit of out of box thinking. Behavioral phone interview was quite simple but required you to respond quickly and coherently. Probably most difficult t...
Société Générale - Interview - Sales and TradingNothing out of the ordinary................................ I was asked what I did in my free time. Also asked what quantitative easing was. During my on-site mostly all behavioral questions with people from different divisions. Everybody was very friendly................................ Probably b...
Citigroup - Interview - Sales and TradingTwo phone interviews, followed by a Superday at the NYC office which consisted of one case interview and 3 other one-on-one interviews. Phone interviews are easier, asked mostly general fit/resume based questions. Superday interviews were tougher. One seemed to be a stress interview. One was a marke...
Société Générale - Review - Sales and TradingGreat team, people are friendly. Great opportunity to break in to the industry. Not a ton expected of you so easy to shine.. My buddies at other firms make more money than i do here. Some of the analysts are difficult to work with but most are perfectly agreeable. ...
Peak6 Investments - Interview - TradingQuestion on horse racing outcomes and betting. If you have 5 horses and you are the owner of the race track, how do you go about determining the betting amounts for a specific horse? If horse 1 has a chance of winning 70% of the time, and the bet pays out $5, how much would you charge for the bet? W...
Scotiabank - Review - FICC - Fixed Income Currency and CommoditiesA lot of emphasis on "face-time". Can be reduced if working for certain groups, but the old-school mentality is still there. Secular trends putting trends on the group as a whole.. long hour. anagement level lack cares for stduents, in fact they think co-ops are free labors and don;t even train them...
Optiver - Interview - Prop TradingThere were many aspects that were difficult, although I wouldn't say there were too many that were strictly unexpected. Make sure to really drill your mental math components and really know your sequences, and also don't be afraid to use quite a bit of mental math to reach the solution to your seque...
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Does my spouse 401k account need to be disclosed?I've recently passed my Series 57 and completed my application at a proprietary trading firm. I was told I needed to disclose my spouse's accounts in addition to mine. He does not have a brokerage trading account, only an IRA and a 401k account. Do both of them need to be disclosed? I don't have...
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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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IMC Financial Markets - Interview - TradingIt was all an online timed test. It was just a lot of data analyzing/pattern recognition related questions. I didn't really think it would be too hard so just did late in the middle of the night, which looking back was not a good idea. Hardest questions were probably ones where there was a random gr...
DRW Trading Group - Review - Prop TradingI havent start working there yet, but from what I heard, most of the people are really happy about the company. . I really cant say at this point, but I heard the bonus is really low for a first year. Again, I can only give some info but not as a whole. ...
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Oil vs Nat Gas TradingI was recently offered a summer internship at an oil major at a certain location, my home town, in their natural gas trading program and accepted it. I am extremely excited about the opportunity! But, I have always been interested in crude oil. Maybe I am a little biased; as I took a certificate pro...
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Index swap market makingHas anyone got any colour on (equity) index swap market making? What sort of people work on this desk?...
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Akuna Capital LLC - Interview - N/AFirst, I was sent a math test. Then I was sent a pattern recognition test. After passing both of these, I was sent an online, one-sided, webcam interview which consists of both behaviorals, such as why trading, why firm, and also simple math questions - probability, brain teasers, mental math, etc. ...
Scotiabank - Review - DerivativesFast paced. I am never bored at work and am given more rewarding projects. Culture is good in terms of friendly co workers. . I went through 3 weeks of training at Scotia Bank and found that unlike what everybody thinks this organization lacks transparency and guidelines as to how trainees are suppo...
BNP Paribas - Review - Investment Bankinggood mgmt. structure. salary is good. People are what make the firm, never found such a supportive environment across all my years . A key issue for me was the fact that itsnot in canary wharf. Building your network is hard when everyone else is miles away...
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BB FICC Trading Analyst Exit OppsI'm a well-performing trading analyst on the FICC desk of a US BB for 6 months now (fresh out undergrad), and am trying to navigate the job market in case I do want to leave a few months down the line (I plan on staying in my role for at least 1-2 years). My experience with recruiting in S&T mainl...
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RBC Capital Markets - Review - Sales and TradingGood experience in the electronic trading space Good brand name on the resume some colleagues were friendly. Management doesn't care bout employee wellbeing low pay compared to competitors systems were not good...
Bank of America Merrill Lynch - Review - GeneralistIt was very casual. people can wear jeans on Friday. nobody wears ties unless they are going to meet with clients. mostly 40+ men. have been with the firm for very long, so interns and entry levels are not given enough attention...
IMC Chicago - Interview - Quantitative Researchdescribe two algorithms that elevators use in real life. on each floor, the elevator has two buttons, upward and downward. Algorithm A: the elevator picks people in the order they press the botton, one person each, and repeat this process, Algorithm B: the elevator goes to the nearest floor and pick...
Flow Traders - Interview - N/AA timed simple arithmetic test followed by a bunch of basic questions about trading. Questions mostly about your fit, interests how you handle competition etc. The key that they said they were looking for was how you recovered from the stressful arithmetic exam to calmly and amiably answer the behav...
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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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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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Citigroup - Review - Sales and TradingGreat upper management, gives a lot of opportunity and work but that means there is higher upside to bonus pay.. Can be very intense - work hours are less than investment banking but more than a typical banking career....
JP Morgan Securities - Interview - N/Ai didn't expect them to ask about when i was fced with an ethical dilemma and i really had o idea how to answer it since i've never actually had an ethical dilemma before. i ended up talking about a time at work when i had to decide whether or not to do something when everyone was being super vague ...
Optiver - Interview - Prop TradingI found the hardest questions to be finding the next number in a series given what seemed like a random sequence of numbers. Another question asked: How many times in a day do the hour hand and the minute hand form a 90 degree angle. Lastly there was a puzzle where I was asked to look at a set of sh...
Morgan Stanley - Review - FICC - Fixed Income Currency and Commodities-Very nice and open managers -Tons of intern networking events across group and division (most had an open bar) -Solid base pay with 1/2 time for OT -Really sweet gym set up in the office if you ever have time to go . -They say they "want to hire everyone" but unless your boss says he specifically w...
Société Générale - Review - Equity Capital MarketsI would say the IT system is a plus. All the applications are built in house, so you will definitely learn a lot on that.. The company does not train their juniors seriously. And there's few chance to deal with the key business....
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My Experience at Trillium Trading - 1st Year NYCIn an effort to describe my experience working at Trillium Trading - 1 year in -- I hope to explain starting out, the first few months, and how everything has progressed to date. I truly believe working at Trillium provides a very unique experience. After a short 1-week training course to learn ou...
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London Stock Exchange - Interview - Business DevelopmentWhat would you recommend for the strategy of the Group? They give you a file of data that you have to analyze ot's very big so being able to summarize the information fast is essential I wouldn't recommend preparing for it though because it changes each time and the information they provide is not n...
Cantor Fitzgerald - Review - Equity Capital MarketsThe full-time employees were great and always willing to help. Some of the more senior workers were a bit challenging to approach but still willing to help if they had time. The summer analyst program is still new and it is fairly apparent. There were no mid-point reviews or any real methods of rece...
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Paper Trading at National Oil and Gas Company: Exit Opportunity into Bank/ CFA advisable ?Hey, I recently started as a paper trader at the trading arm of a National Oil and Gas company in London. I would be interested in switching positions into a bank/hedge fund for paper trading in a couple of years time, in order to be internationally more flexible. My question would be if this is...
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UBS 2019 S&THas anyone completed video interview for S&T? I have one due this coming Sunday. Let me know if you can share q’s...
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Is there a stigma around retail traders....breaking into the trading floors in IB or prop firms (though in London prop firms seem to be few and far between). Would it be worthwhile doing economics/finance at the LSE to prove Im as good, if not better on account of trading experience, than some of their graduate interns? ...
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Jane Street Infrastructure Rotational Programhttps://www.janestreet.com/join-jane-street/apply/nyc/full-time/infrastructure-rotational-program/ Got an interview invitation from Jane Street on Infrastructure Rotational Program. (Link Above) Looks new Does anyone have any idea what this position is and what the interview questions will be like?...
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Credit Suisse - Review - Global MarketsYou work with genuinely good people who really take an interest to the interns. Additionally, if you are working late they will pay for dinner!. Hours can be long (to be expected), but generally not excessive. Being located in NYC comes with a lot of expenses and the housing stipend could be better....
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How to quickly get up to date with market trends, current events?*sigh* Sophomore here. Let's just say I thought I was applying to an IB internship, but it turns out it's more along the lines of S&T. I have an interview coming up and I know almost nothing about the state of the market and things like that. I've also never done any of my own investing or research ...
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Optiver - Interview - N/APlenty of application questions that really tested your problem solving skills. Also expect plenty of market simulations and games that test your quantitative skills and probability. Also very important to have a quick math skills, as that will help a lot during later stages of the interview. Very f...
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Got an offer at BB, Graduation May be PostponedHey everyone! Would like to ask someone who had a similar situation or would have an idea how to handle this: Got a S&T offer to start in 2019 at a BB, they love me a lot and I love the team, signed the contract and everything. Since I'm at a non-target school in Europe, it's much less flexible t...
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Series 7 STC Final Exam Q&A Scores Vs. Exam ResultsJune, 2018 Hi everyone, I joined this site to make this post, as this is what I was looking for and would have liked to see before the Series 7 exam. Hopefully it helps someone who is getting ready to take the exam. I used STC study materials to study, and did so for a little less than 2 mont...
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BNP Paribas - Review - N/AManageable hours, Nice location, Nice people Manageable hours, Nice location, Nice people a lot of activities. Not a top tier IB Signing bonus not high enough for associate level A lot of useless time spent in useless activities during the summer internship...
Capital One Financial - Review - Sales* Work life balance * Lots of vacation days * Management supports vacation * Housing stipend . * Culture can be very political * “Old school” bankers who are stuck in their ways * Not great reputation ...
Akuna Capital LLC - Interview - Prop Trading The interview was not that long maybe 15 minutes but was so hard. Lettered sequences (A,B,C,?) Two digit by two digit multiplication and division Simple addition and subtraction including fractions mental math Mutliplication that included decimals which was very hard. Pretty much know how to do ...
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Commision Question This is purely out of curiosity for an Intern who hasnt yet to be on a desk. What is the industry standard for commision that firms charge their instituitional clients for trades? I have heard 5 basis points. Not sure if that is correct or not? Also does it vary for equities vs fixed, vs derivatives...
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http://www.alphaprimeelitetry.com/vigenix/Omega side effects When correctly used, omega- does not have any significant side effects. If you get large doses, the omega- may have side effects such as itching, loose stools, nausea and heartburn. Best fish oil supplements Best Chris Oil Supplements Zinc What is zinc? The zinc mineral that can ...
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Snore B Gone VerditThe Snore B Gone is backed by conclusive, peer-reviewed clinical trials as well as has actually been shown to successfully and efficiently minimize both snoring and obstructive Sleep apnea. If you deal with snoring as well as are seeking an alternative to a CPAP machine, the Snore B Gone option is a...
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Cantor Fitzgerald - Review - Sales and TradingGood access to higher ups. Internship structured in a way that you got as much as you put in. Flexibility allowed for you to pursue and explore the topics you're most interested in, even if you're assigned to desks you're not so excited about. Good team culture, people seem to really enjoy the work ...
Rothschild - Review - Investment BankingGood hours, fun atmosphere, ability to take a big risk and make decisions. Not a lot of pushback from managment. . High Stress, sometimes the support staff is useless, back office does not understand some of our positions. ...
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Which bank asks the hardest technical questions?I am practicing brainteasers for my upcoming superdays, and I was wondering which firms are notorious for asking difficult, tricky questions. ...
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Morgan Stanley - Interview - Fixed IncomeLiterally nothing was unexpected. I was asked the following questions: 1. Tell me about yourself/walk me through your resume. 2. Why Fixed Income Sales & Trading 3. Tell me about a time you worked on a team 4. What interests you in the markets 5. Tell me something about you not on your resume I gues...

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