Silver BananaTopicReplies
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Are desk strats well paid?I will be going for an intern at a BB as a desk strat. I am wondering how well paid are entry level desk strats at a BB? (I am a STEM major, undergrad) Also, is it hard for a desk strat to move up to the management level?...
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Jane Street Capital - Interview - Prop TradingHow many iterations would it take one person to shake the hands of everyone in a group of n people. What if one person had ink on their hands, how many iterations would it take for 50% of the people to have ink on their hands, assume each person shakes a different person's hand each iteration. The...
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Wells Fargo and Company - Review - Sales and TradingGood work life balance, and culture. Senior people and management were very helpful in teaching junior folks. . Difficult for junior people to move up and take on more responsibility, often times path to advancement was not clear. ...
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Chicago Trading Company - Interview - Prop TradingThe mock trading was the most difficult. They simulated the trading floor and all the candidates had to trade against each other and against the two interviewers. During this time, the interviewers judged candidates based on speed, and aggressiveness. Overall, it was like a math test to see how fast...
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CME Group - Review - GeneralistYou just earned 3 banana points and now have 11 banana points in the Bananas category. Company Compensation intern has been created.You just earned 3 banana points and now have 11 banana points in the Bananas category. Company Compensation intern has been created.You just earned 3 banana points and ...
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Jane Street Capital - Interview - Business DevelopmentThe brain teasers in the first question consisted of: There is a bus that stops at three different stops, the first stop 7 people get off 11 more get on for three stops. What is the minimum number of people on the bus at the first stop. The second question is estimate the number of pennies in a c...
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Getting into Coffee TradingHi all, I'm a longtime lurker and first time poster. I'm currently a college sophomore. By the end of this summer I'll have two commodities internships under my belt (One in physical grain and the other in derivatives of a very niche commodity). This whole time I've been trying to get an internship...
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Old Mission Capital - Interview - Prop TradingThere are 5 pirates and they are trying to split 100 gold coins in a rational way. The most senior pirate will choose to split in a certain way and all the other pirates will vote to agree or disagree. The most senior pirate is always the one to propose the split and must get at least a majority of ...
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Citizens Financial Group - Review - Sales and TradingGreat. Not discontent or sad about the experience. Great colleagues and company to work for. Long hours.. No sadness to report. Ups and downs with the work environment. Times where workflow is very busy and then not so much...
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Credit Suisse - Review - GeneralistThe offices are very nice, particularly the conference room floor. The people in the sales/trading department are also helpful/ willing to work with young analysts.. Facetime is a bit of a sticking point here. Integration can be difficult as the group comprises individuals from a number of countries...
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Apexatropin Review for instance and discouragement**Apexatropin Review** for instance and discouragement. it's miles once more chargeable for attention. I don't know how strong the affirmation truly is but it appears to be especially practicable that it must have a positive final results says Johan Stender. it is Albert Gjedde to date concur. I mor...
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Front office change...........................................................................................................................
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Credit Suisse - Review - Sales and TradingGood franchise with good work life balance. Largely open work environment and good work is appreciated. . Pay has gone down. New management isn’t really helping improve things. Some clarity on future plans on how to address the issues affecting business would be helpful. ...
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Morgan Stanley - Interview - FICC - Fixed Income Currency and CommoditiesWho is the president of Morgan Stanley? - Colm Kelleher Tell me what you think is going to happen to the fed. funds rate in the December meeting - Need to do research before hand and back up your answer sufficiently Why Morgan Stanley? - Do research on the company Why Fixed Income over Equities? -...
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Jane Street Capital - Interview - TradingFor one of the in-person interviews, the interviewer handed me an excerpt from an academic paper that tried to determine whether some purported market effect actually existed. This contained the introduction, literature review, and conclusion. I was asked to read the excerpt and provide a critique. ...
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Quicken Loans - Interview - Debt Capital MarketsExplain your use of Excel's VBA weekly/ daily? If I were a random person, why would I want to pick you to be on a team with me at this moment? These two were the toughest questions. Why? (I'm writing this to fit inside of the limit) These were the toughest because of the follow-up questions. The,...
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Danske Bank - Interview - GeneralistWalk me through what happens on the 3 statements when there’s a writedown of $100 How do you decide when to capitalize rather than expense a purchase? How is the M&A and IPO market currently in Sweden - with follow-up questions about what my opinion was going forward. Explain what happened in ...
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Finance question problemSam Company has 20 million equity shares outstanding. The book value per share is Rs 40 and the market price per share is Rs 120. Sam Company has two debentures issues outstanding. The first issue has a face value of Rs 300 million, 12 percent coupon, and sells for 90 percent of its face value. It w...
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Shadowing experience on resume??I am extremely fortunate to have a family connection that has given me the opportunity to shadow a MD at a bank in NYC, who works in the sales and trading department. I will be starting my freshman year this September and would like to transfer to a target after first year. Would a shadowing exper...
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Forex strategy - Advantages to the retail FX trader Among the advantages to the retail fx trader in trading off fundamental data is that the information is readily accessible through sources such as Bloomberg and Reuters, and that the retail trader can actually act faster than the banks and hedge funds. Forex Signal...
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Citigroup - Interview - Sales and TradingQuestions about the market. Must know what is going on in the market. Know which aspect of sales and trading you want to be a part of, EM, fixed income, equities, etc. Know what's going on with the fed. Know why Citi, why sales and trading. Know how to pitch a stock. What would you do with a million...
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Prime Brokerage OpinionsHi everyone, I am curious on people opinion of the Prime Brokerage desk. I landed a BB S&T internship and Prime seems somewhat interesting to me. I am curious of others experiences with it. Thanks Monkeys! ...
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A newbie seeking for advice/guidance on how to break into Wall StreetAs a recent graduate and a current equity options trader, I am having a difficult time to land a FT role at a BB, MM, and etc. After networking with many traders on Linkedin and crashing into networking sessions at target schools, most of them including recruiters told me that their FT positions are...
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Repo vs Securities LendingWhats the difference between an equity repo and securities lending as they seem to do a very similar function. I would like to understand the key differences....
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Credit Suisse - Review - SecuritizationThe group was good and really valued people who were self starters. The average person in the group was smart which was a nice change.. Pay seemed to be on the lower side and the work is less technical than I expected. Seems like many people didn't understand the underlying....
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From Contract Admin to TradingI have the opp to get a contract admin job at a top-tier trading firm. This position would technically be a step down for me but its the office that I would want to work at. Should I go for it? Anyone ever heard of people going from contract admin to trading?...
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Citadel Investment Group - Review - SecuritiesMost intelligent people i have worked for, competitive, detail oriented. Hours are as you wish, however most spend 80 plus.. Too competitive environment for most. Work life balance is none so not the ideal environment for most people...
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Susquehanna International Group - Interview - Prop TradingShe asked probability questions. One was how many ways can 5 different people sit down at a round table? There is a 91% chance of seeing a shooting star in the next hour, what is the probability of seeing a shooting star in the next half hour? I have 10 cards face-down numbered 1 through 10. We pl...
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Equity Financing Could anybody explain what Equity Financing desks do at a BB? Is it considered S and T? Thanks in advance. ...
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How interested are you in wearing hair extensions?I like to wear hair extensions, I want to try different hairstyles and various colors. Interesting thing is, when I have straight hair and want curly hair, and when I have curls, I want to straighten them out. So hair extensions can help me solve the problem and do not damage my own hair....
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FTR MARKET STRATEGY in PJMI am an intern and I want to know what are strategies used for trading FTR in PJM Market. As I know a bit about UTC and Virtuals , I want to know more about FTR'S and it's whole process. Can someone help me out with this???...
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BP - Review - EnergyQuestions are welcome across all departments. You get to interact with top traders across the trade shop.. a lot of information if you don't have the experience. You have to put in a lot of work before internship to be ready to keep up...
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Understanding the Yield Curve - pdfI have managed to pick up an old Salomon Bros report by a guy who used to manage money at Brevan Howard. It is quite good, and while I have parts 1-7, I keep reading that there may be parts 8-12. I have been looking for these, can't seem to find them, and am starting to wonder if they really exist...
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Anyone London based who know about this program?I got an interview invite from Audacity Capital in London for their Hidden Talent Program. According to them, they will train me for a month and then give me $10000 of their own money to trade while being coached by other traders. If the candidate does well then their account will be given another $...
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SunTrust Robinson Humphrey STRH - Review - Sales and TradingVery engaging environment, but still maintains a laid-back feel. Lots of opportunities to learn and grow.. Not much of a crash course at my level. More or less got thrown into the weeds and am learning as I go....
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Male Liberator to reach the ones desires**Male Liberator** to reach the ones desires in particular whilst there are such a lot of to select from. In this newsletter we are able to strive that will help you narrow down your desire. You ought to recognise that you can increase muscle without the usage of dietary supplements but the usage of...
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Société Générale - Review - TradingGreat name Resources/research Networking with senior management Good experience on the desk Good location. In Chicago less networking than New York Not a lot of constructive feedback Not as many resources as American banks...
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Junior Canadian STIR/FX trader -> Offer from Chicago Corp?Hi everyone, Any advice/comments are appreciated. I have to be a bit vague to avoid being recognized. Please PM if you'd like any details! I work in Toronto as in STIR/FX for a Canadian organization, say around 3 years in. I'm on a pretty solid team with upward potential. While I do get piled...
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Trafigura - Interview - Oil and GasHow many barrels of crude could fit in this room? Tell me about yourself? What comes out of a barrel of oil? If you were shrunk to the size of a pencil and put in a blender how would you get out? Tell me about a time you worked well in a group? Give us an example of a time you exhibited strong leade...
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Question regarding daily Pnl Computation.Hi, I have a question related to the computation of daily returns from Risk based haircut(RBH) and net Pnl values provided by a clearing broker. For example, let us say that the broker provides a net Pnl (after taking into account all fees) of 1000$ and Risk based haircut value of 1M. The follo...
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Akuna Capital LLC - Interview - N/AQ1: An ice cream shop needs to maximizes profit. They buy ice cream at price p per integer unit plus a fixed fee d for each delivery. They can store ice cream at a fee c per unit with max capacity m and have a demand array D, with each entry denoting unit demand for that day. Given these values, ou...
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Insight on CD Trading Desks?I'm currently in the process of transferring from a CC to a regional target as a sophomore and have a possible internship position on a CD trading desk. One of my interests is in S&T and was wondering if anyone had any insight on CD desks? While i'd assume CD desks are quite boring, the fact that i'...
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Shorting Auto Loans?What instrument would you guys use to bet against the auto loan market? I'm a RE undergrad, so a lot of the trading stuff is outside my realm of competence. I heard a speech at my school today from a former PE guy who went out into the subprime auto loan market. He essentially works hand-in-glov...
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Morgan Stanley - Interview - Sales and TradingAll questions were the common sales and trading interview questions. How are you following the market, how are you qualified for the position, where do you see yourself 5 years after graduation, teamwork experience, strengths and weaknesses, walk me through your resume, why are you interested in sal...
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JP Morgan Securities - Review - Sales and TradingI find the subject matter of the work to be interesting. The day to day work changes frequently and the hours are decent . The job is interesting but can be high stress. Lots of competition amoongst peers and a focus on bottom line...
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Queens for S&T?Hello just joined the forums, I currently attend a Canadian non-target aiming to end up in S&T. I am looking to transfer to a target and I was wondering which school places the best in S&T (Preferably trading). Searching "Sales and Trading" on LinkedIn, I found a lot of Alumni from Ivey (which is a...
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BMW Korea - Interview - Investment BankingTell a failure and how did you overcome it? Describe yourself in one word ? ...
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Emerging Markets Trading - QuestionsHello Guys, One q: Can somebody please explain what EM traders do? I know there will be some ppl who would point me in direction of another thread or would bash my question, but all I am trying to do is to learn. All I want is the description/ example of what they trade (e.g. product or range of pr...
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What do market makers do? Also, prop trading firms.Could you guys tell me a little bit about how market making works? To my knowledge, market makers basically make money off the spread between bid and offer. So when a market maker sees a bid that is slightly above an offer, does he buy the security, actually hold it for a short period of time (a few...
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Move timingGentlemen, play a guessing game with me. I've made it to round three for a job in S&T (associate/vp level) in London and I've been told by someone not involved in the interview process that they are down to 3 candidates including me. My advantage is my short notice period vs the two other candidates...
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How to stand out in a JP Morgan Iberia Sales Desk Assesment Center?Hi everyone, next week I have the AC for Iberia sales desk for JP Morgan in London and it is going to be my first AC ever. I have done my research in the department but I do not feel that will make me stand out from the rest as it is an standard preparation. Does anyone have any tips on how to tackl...
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JPMorgan Chase - Review - Prime BrokerageGreat networking opportunities, solid work-life balance. Ability to move laterally if unsatisfied with the desk you find yourself working on. Company culture seems more welcoming and vibrant than previous places I've interned.. Is not as fast-paced as a traditional S&T internship, but pay is good an...
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Goldman Sachs - Interview - GeneralistThere was really no difficult question that I was not expecting. It was for S&T so they asked which one I was leaning towards and I said trading. They then asked me what is a major trend/theme going in on in the market and what my thoughts on it were. ...
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Jump Trading - Interview - Quantitative ResearchSuppose you backtested a trading strategy, it did very well. But in live trading, you keep losing money, what would you do? Suppose you sit on the road side and observe cars driving by. Assume the distribution of cars driving by is according to an exponential distribution. Now you observe a first ca...
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DRW Trading Group - Interview - N/AQuestions about how much you would bet on x. Expected value questions. Some questions on how to approach playing a game. Also had a coding test which may or may not have been considered as part of interview process. Overall very quantitative, pretty difficult interview. Hard to prepare for. Not...
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ABN AMRO Group - Interview - Corporate Banking"Describe a time when you were under high pressure and needed to make quick decisions" "Describe a time when you dealt with an angry/disappointed client" "What do you know about trading?" "Name the top 4 market making firms" "What is clearing?" "What is securitiew borrow and lending and why doe...
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RBC Global Arbitrage & TradingIt's time someone at least attempted to shed some light on this group. This is RBC (Royal bank of Canada; Canadian equivalent of GS)'s prop trading desk. The group is apparently very impressive/profitable and even after the financial crisis, when banks were pressured to offload their prop desks, RBC...
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London Fixed-Income Trading Entry Level Grad Scheme - Final round interviews - Japanese BankDear WSO Gurus and colleagues, After a successful 1st round Fixed-Income ST phone interview with a Japanese bank I was invited to their London office for a final assessment for a Trading role. As I was informed that a competency based interview together with a case study and a technical interview...
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RBC Capital Markets - Review - EquitiesPlenty of access to upper-management- MD's have their doors open for interns to come in at any time and talk about anything, very friendly and welcoming. Difficult to figure out which desks have opening for Full-Time positions, thus hard to choose which desks to focus on networking with throughout t...
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Susquehanna International Group - Interview - Prop TradingDo you play any games competitively? There are 2 boys and unknown number of girls in a nursery. A new baby is just born inside the room. We pick randomly a baby from the room, it turns out that the baby is a boy. What is the probability that the new baby just born is a boy? Similar question to a...
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Bulge Bracket or Mid-Cap Bank Background Checks Hi everyone! I have just accepted an offer at a mid-size firm, particularly a bank, and was looking to see if anyone can provide any background or knowledge on what the background check is like Are transcripts requested??? (I've heard many banks do not check, and if they do, it would be in the be...
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TD Securities - Interview - N/ADidn't have many unexpected questions - very behavioral, what is an example of a time that you lead a team, how do you work on a team, why do you want this position, very standard behavioral/fit questions. Most of the interviews were people talking at me and telling me why they joined, the benefits ...
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Most Prestigious Product GroupsWhat's up WSO this is my first post here and I'm an incoming SA at a top-tier BB (JPM GS BAML). I still have a bit of time before placement day and was wondering what the community considers the best groups in S&T. Prestige of product, exit opportunities, work hours and any other details would be he...
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Five Rings Capital LLC - Interview - Equity ResearchWhat is one job you would never do regardless of pay? This question tested to see where your interests don't lie. I stated that I would never want to become a professor of humanities since I don't have a passion for literature or history. I said that I have a more STEM-oriented approach to solving ...
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Total Radiance Teeth Many congenital**Total Radiance Teeth** Many congenital disabilities are also notion to cause scalloped tongue either directly or in a roundabout way. Inflammatory and infiltrative conditions associated with scalloped tongue encompass Down syndrome lipoid proteinosis hypothyroidism sarcoidosis amyloidosis angioede...
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Jane Street Capital - Interview - Trading1) They asked some game theory, probability question about betting on the roll of dices. Without giving too much away, it is a standard game theory question that involves dice so that you might think it invovles probability, but in reality it just involves game theory. 2) standard number theory ty...
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Wells Fargo and Company - Review - TradingLove the people I work with and the energy on the floor. I'm learning a ton and there is always something going on. . The hours can be long, but that is probably about it. Stress needs to be managed, but the stress is what makes it exciting....
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MUFJ Morgan Stanley Securities - Interview - Equities1. How do you understand the risk neutral measures. 2. What is the project you have done so far. i.e. what is the back testing system you are building? could you tell me the building block of 3.Why under risk neutral measure it has to increase by risk free rate. For example, if I have a pay off ...
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Invited To Stay At The Trading Floor; How To Impress The Traders?I killed it so hard in an interview for a hybrid MO-FO role in Fixed Income Sales, that I got told by the VP for the area that I would get bored there, and that he wanted me in a more pure FO role. At first, I was disappointed that I didn't get a position there, but at the same time, this is an oppo...
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Cargill - Review - N/AGood job, really like it here. Get alot of responsibility very quickly if you perform. Key part being if you perform. . Too much useless administration work, compensation is lacking compared to overall industry. not bad overall tho...
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Société Générale - Review - Structured Products FSR-Good name in EQD, meaning it's easy to get interviews elsewhere. -Loads of friendly people in the company. (that's it). -absolutely no investment in junior staff -incompetent line managers -back-office (Bangalore in particular) is a DISASTER and junior Front Office staff will spend most of their t...
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Does anyone know anything about RBC's GELP (Global Equity Linked Products) Program?I was wondering if anyone knew anything about RBC's GELP program. I searched through the website and only found a post that didn't really have any information on the program - just people asking questions about it. Thanks...
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