Silver BananaTopicReplies
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S&T 2019 FT Recruiting Timeline?Just wanted to get some more info on when applications open and interview dates. I understand some jobs fill internally, just wanted to know if there's a chance to see postings. Thanks...
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JPM Markets 2019Hi All, Recently accepted an offer for JPM Markets (S&T) internship program. Anyone have insights into what to expect, how to prepare, how to get the return offer and which desks are the best? Also am curious as to exit opps from BB s&t in general....
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Wells Fargo 2019 InterviewGot an email for a 45 minute phone interview with 2 guys for Wells Fargo Securities Markets Summer Analyst Program. Has anyone had experience with this? What should I expect? ...
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Interview questions for Entry level trading position/internHi everyone, I've always been interested in prop trading and have been doing my research for the past couple of months. I'm more interested in trading at a lower tier firm like Trillium, FNY, Group One Trading than the more competitive ones, since I don't have the traditional quant background nor ...
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Interviewing at trading firms more than once for internships?Do trading firms like Jane Street, SIG, Optiver, Etc. have policies that people cannot interview there again after they did badly in an interview or coding challenge? So if I apply for a internship and don't make it past round one, will that hurt my chances for getting an interview for next year? ...
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JPMorgan Markets Superday SA2019Hey everyone, Just received a JPM Markets SA 2019 Superday in NYC. Date is very soon. Any idea of what to expect/does anyone want to share their experiences from previous years? Phone screen was heavy on behaviorals and only had general markets related quations. Thanks in advance for any advice!...
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Freshman Undergrad Looking to Break Into BB S&THello all... I am a freshman undergrad at a small college about an hour north of NYC. In short, I hope to get a job on a trading floor in a BB... I still am not sure between trading or sales, but I would mop the floor as long as it was the trading floor. It is a very general goal, so I lack specifi...
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Recent grad needs advice on breaking into tradingI'm in my mid-20s and I want to pursue a career in trading. I have been involved in the markets for 5 years and am mostly a fundamental trader (I look at cash flow statements, balance sheets, etc), although i do look at technicals to help with entry points and forming an opinion on the market's pe...
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Morgan Stanley Fixed Income Summer Analyst Superday 2018 Does anyone have any insight to how Morgan Stanley's FI superday is? Haven't found too much online about it n very curious. Thx!! :) Congrats to all who've received offers! ...
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I'm Trying to get into Prop-Trading From a Non-Target School**Warning Long Post Ahead** **Hello WallStreetOasis,** I am a recent graduate of Hofstra University with a bachelors of science in mathematical finance 3.4 GPA trying to get into prop trading even though I am aware that all odds are against me. This is my first post in WSO and it is going to be a l...
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Goldman Sachs SA 2019 Sales and TradingHi all, have a superday coming up for GS S&T. recommendations on things to prep? market knowledge, etc....
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Preparing for Sales and TradingThis coming summer I was fortunate enough to land an S&T summer internship. I was wondering, from your experience, what would be the best way to prepare for internship? Are there specific books that I should read? Being a physics and economics major, should I start reading books about finance? ...
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Getting an internship in Sales & Trading????About to graduate with my masters in finance & investment management(non-target school), wondering how you guys pursued getting in internship in S&T. ...
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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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Citi Sales & Trading Summer Analyst InterviewI have a one hour first round interview for a sales and trading summer analyst position. I was wondering if anyone has advice about what to expect during the interview. Thanks....
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Morgan Stanley Sales & Trading - What can you tell me about interview/quality/skill/comparisons?What can you tell me about entry level analyst positions w/in equities or fixed income at Morgan? How good are some desks vs. others? I have heard a lot about internal strife at the company. If I want to get into credit derivatives, options, or commodities what would be the path to get there? St...
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First Steps into Trading General Note: The purpose of this blog is to provide commentary on my simulated trading experience. It is mainly aimed to students and graduates interested in a career in trading and looking for ways to improve their knowledge of the field by providing them examples of the material I have found he...
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Prop trading interviewHey everyone, I have an phone interview and math test for Belvedere Trading coming up in a few days. I just got an email about it today and have to complete everything within 3 days. I have been practicing mental math pretty frequently on Trader Test and have done some probability, market making, br...
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Q&A: Sales And Trading Internship Hi everyone, I recently finished up a sophomore summer internship in S&T at a BB, got the return offer and plan on going back next summer to then be considered for FT. The point of this post is to answer any questions anyone might have about S&T (the process, internship, networking, etc) and try t...
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Sales and Trading - A Comprehensive GuideWhat is the difference between Sales and Sales Trading? I know what Sales and Trading is, but I don't understand the difference between the roles called sales and sales trading. Does sales only speak to the client to get the best market prices or does sales trading do that? Can't tell the difference...
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Citi Superday Sales and Trading Advice So I went through an accelerated process with Citi and will automatically go to a superday with them next month. Any tips for this? Never had a superday before so don't really know what the whole process is going to be like. Is mental math a really big factor? I am not the best at this, quite fran...
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Commodities Graduate ProgramHey guys, I just finished up an internship as a scheduler in commodities this past summer after I graduated in May and am now looking for a full time position. While I know the graduate programs are extremely competitive, I still want to put my application out there and give it a shot. Does anybody ...
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Anyone on the Analytics Side of Energy Trading?Hello, I'm interested in pursuing an internship on the Analytics side of trading at somewhere like BP or Phillips 66. Does anyone have any experience in Analytics at an energy company? Can you please explain what the work is like and how similar/different it is from trading? Thanks...
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Wheeling Power within PJMWhat are the steps involved with wheeling power from one location/counterparty/source to another location/ctpy/sink within PJM? For this example, let's assume it's all DA settle, either next day or next month, etc Theory is I would buy power from one ctpy at their injection/source point and sink i...
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Jane Street 2nd Round PhoneAnyone experienced it or heard about it? What can I expect? ...
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Trading Interview QuestionsHey! What types of finance technicals are you expected to know as a summer intern interviewee? ...
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Lloyds Banking Group - Review - Commercial BankingLaid back with a lot of vacation days. Genuinely nice people. Pay is ok for the work, but can get boring.. Small presence in the US so business flow may not be consistent. Business model is relatively simple so not a lot of resources....
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Competing Offers: Structured Products Sales or CLO Structuring?!?!Ok fellow Monkeys, need your help here! By a series of random events, tireless networking and sheer grit I've landed competing offers: Structured/Securitized Products Sales and CLO Structuring. Both are analyst roles at the same BB foreign bank. Please provide insights to weigh and compare; Compe...
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Securities Lending/Equity Finance Desk - Hot or Not?Pay, prestige, exit opps, and any other relevant info? Good place to start as a grad? Proper “trader” role? Thank you!...
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BlackRock - Review - Debt Capital MarketsGood vibe, Dynamics, top talent. My boss used to be a navy pilot, the other one astrophysicist. Great benefits. Not very corporate.. Long hours. Performance comp dependent on he entire division and not just your own book. Hard to move up....
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How hard to make 10$ every day from crypto currency trading on Binance?Hello Guys. I'm thinking to start crypto currency trading on binance. I would like to know if it is possible to make at least 10$ everyday by trading on binance for the beginner in this whole thing with very basic amount of knowledge in crypto. Thanks!...
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Jane Street Capital - Review - SoftwareGood culture, smartest people in the industry, competitive comp and exit options, good benefits and chill hours.. Very systems oriented compared to other internships. Large distance from the financial side of things....
IMC Chicago - Interview - Sales and TradingThe interviewer hands in a picture of a city and asked me to guess the number of inhabitants. Question was quite unusual but is actually pretty close to Fermi's estimates and others of the kind The correct thinking process is still to do it in separate steps, in order to have your guess within one o...
RBC Royal Bank of Canada - Interview - Sales and TradingHow are the markets currently? How many times do you think the Fed will raise Fed Funds Rates this year, why? Do you think the Fed should raise rates? Walk me through what you would do if your variables are highly correlated when building a model? What if the variables are important? Why don't you t...
Goldman Sachs - Review - SecuritiesSmart people, good benefits, nice offices, good opportunities for people who can self drive themselves. Tough environment sometimes, not good for people who need a lot of guidance. Going through a lot of change lately. ...
Morgan Stanley - Review - Sales and TradingWork life balance seems better than competitors, although still a fair amount of work, but guess that is to be expected in trading. Not many complaints; guess still a little dissapointed to be doing grunt work as a second year analyst...
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Time to Accept OfferSuppose you have onsites with Optiver and SIG for trading internships. You'll probably interview with them in the next two weeks. You have first round phone interviews with DRW and DE Shaw next week. There are companies you're interested in and haven't heard back from, but you're probably more inter...
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Macquarie Group Limited ABN - Review - Securities UnderwritingSmart people, reasonable hours, interesting deals, decent exit opportunities, high visibility within company. Slow deal flow, slow career progression, pay is below street for most people unless boss really likes you...
Barclays Capital - Review - Sales and TradingLots of respnsiblities for junior traders. Short stuffed in general, so get to trade materially very quickly . Not a lot of depths in terms of talent. Mostly depend on your seat, very little room for risk taking ...
Citigroup - Interview - Quantitative ResearchI was asked about the stochastic calculus. They gave me a equation and asked me to do the derivative using stochastic calculus. They also asked me to find the integral of e^(x^2) over [0,infinity). After that I got the question on an algorithm asking me what would I do to find a missing number, supp...
Citigroup - Interview - FinanceNot really, the phone interview was more focused on the market insights and the personal experience. They asked some questions regarding my professional experience on my resume. And one of the interviewer (cash equity sales) asked me to do a stock pitch but he did not challenge very deeply. For the...
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Transfer to International office after NY BB SA StintI'm an incoming summer analyst at a BB (Citi/BAML/MS/GS) in S&T in NYC for summer of 2019. I was wondering if it would be possible (if I receive the return offer obviously) to transfer to an international office (HK/SG) for my FT analyst position? Has this been done at all in the past? Would greatl...
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Citigroup - Interview - N/Ainterview questions - a lot about my cv, why did i carry out work experience and what i learnt from them. asking me about my school and what i did at university. the interviewers both continued to talk about their roles and how they ended up in banking, which was helpful. they were both really nice ...
JP Morgan Securities - Review - Structured ProductsGreat structured analyst program, top of the tier training, number #1 league tables for this desk. Large analyst class . Long hours menial work. Not really cross asset as advertised big focus on equity derivatives. High pressure very not mentally stimulating ...
Desjardins - Review - Structured ProductsGreat place to work at overall. Liked the culture in Montreal and overall work environment. Apply!!!!. Could of been better hours and no access to benefits does hurt sometimes (especially when you see the benefits at other banks) ...
Trafigura - Review - Quantitative Researchit was really fun and i met a lot of great intellectual minds who i consider to be friends for life!!. it was really fun and i met a lot of great intellectual minds who i consider to be friends for life!!...
Citigroup - Review - Distressed DebtIt was a great learning experience, mostly from a personal stance than professional. Believe there is no better training than being on a trading desk.. Senior management not very interested in growing talent, more focused on profitability (which is fair)....
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Physical Trading (Part 1): What it is and What it isn’tI’ve been getting quite a few questions on what a typical day in the life is like at a physical trading shop. Other members of this website were very helpful in giving me an idea of what the field is like so now that I’ve “broken in,” I’d like to pay some of that forward. Part of the diff...
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Rates Trading Interview Question - How would you answer?Hi, I have recently attended an interview for a "Junior Trader" position in a Tier I IB in Ldn. It was an unusual structure as I was asked only 1 question and the rest developed from there. But, in case there are rates traders around here, how would you answer it? **You are looking at your risk po...
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Sent resume to MD with formatting error?So I was cold emailing alumni, and I accidentally sent my resume that has a formatting error: one of the bullet points is extremely small compared to the others...what should I do? This is for S&T so not sure if it really makes a difference lol...
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DBS Group - Review - Fixed IncomeThere is a lot of meaningful work to learn, good for students just out of college Besides, the benefit package is relatively good. promotion is relatively slow, also the work life balance is pretty lacking not a lot of interaction between teams...
Morgan Stanley - Review - FICC - Fixed Income Currency and CommoditiesOverall, culture is great. Good environment for trading where risk limits are much higher than those of competitors. Small compared to other banks meaning traders cover a wide range of products over a wide range of geographic region.. Culture is still dependent on the desk MD and some of the senior ...
Spot Trading LLC - Review - Generalistfree breakfast free lunch free snacks free soda free coffee private office free parking personal secretary. bad free breakfast bad free lunch bad free snacks bad free soda bad free coffee small private office no free parking or personal secretary...
Citigroup - Review - Prime BrokerageDesks were relatively flight and didn't have a very rigid structure - everyone is pretty approachable. . Hours were long, but within range of industry average. Overtime compensation was not very clear. Certain rotations should have more structure....
Credit Suisse - Review - Generalistgood workplace, helpful coworkers. frequently company sponsored lunches. a small firm but good opportunities. a small firm so not very dominant in the sales and trading field. i recommend making sure you sit on a good desk at CS such as mortgages...
JP Morgan Securities - Review - N/A-Great Team -Questions encouraged -Great office, clean all around -Great location -Food nearby and inside is alright. -Long hours -Standard low quality* coffee -Can be a tense environment -Bar stools for interns -Didn't get the rotations as requested...
Flow Traders - Interview - GeneralistThe mental math test needs a lot of preparation. It was OK but needs strategy to score high. For the personality test, I highly recommend you to find a decent free online test to check if you are a INTJ or ENTJ type of guy. One of my friend failed because of personality test. As for the IQ test it...
Tower Research Capital - Interview - TradingGiven a biased coin with probability p, how would you replicate n independent tosses of a fair coin? How many tosses do you expect to make to achieve it? Can you give a lower bound on how many tosses you need to do it? A lower bound better than n? What are the differences between Lasso and Ridge? W...
JP Morgan Securities - Interview - Sales and TradingQuestion 1 : Pitch me a stock. Question 2 : The Monty Hall Problem (Suppose you're on a game show, and you're given the choice of three doors: Behind one door is a car; behind the others, goats. You pick a door, say No. 1, and the host, who knows what's behind the doors, opens another door, say No....
Bank of America Merrill Lynch - Interview - Sales and TradingMost unexpected interview question was about a time when I had made a major mistake in a professional ( academic /workplace environment). Additionally, in my final interview during the superday itself I got asked about one of my weaknesses and then once again got asked the same question after I alre...
Bank of Canada - Review - Sales and TradingShort hours, good benefits, and variety of development programs. The work place atmosphere is, I believe, much better than most other financial institutions.. Less communication with other institutions, kind of stranded. But seems there will be other conferences and opportunities....
Susquehanna International Group - Review - Operationsfree food, free gym, discount on health insurance, free pension contribution, smart people and very keen on improving technology. Some of the work can be very mundane and there is not much time away from day to day to focus on longer term stuff...
Jane Street Capital - Interview - Equity Capital MarketsSuppose you have a dart board with two different dart colors: red and blue. Red darts that hit the board are worth 4 points, blue darts are worth 2 points. Suppose you throw 50 of each kind of dart at the board. Darts have a 40% chance of hitting the board regardless of color. 1. What is the expecte...
Opus Trading Fund - Interview - Prop TradingThere were no difficult technical questions. As i mentioned before they are confident that they will teach you the technicals. However they dug deep to make sure you will be able to be a great fit for the firm and handle the behavioral aspects of trading. The most unexpected part of the interview wa...
Jane Street Capital - Interview - Technology1) designing classes for a video games (think atari breakout), i was asked to design classes and struct for a game in c++. also asked few systems related question for it. I told interviewer I had no background in systems :( but that had no affect. It just ended up being most awkward 30 minutes of m...
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What are the on-job trade conversations in fixed income S&T?Hi guys, I've got a quick question to the guys on the fixed income sales desk (or trading). I wanted to know what are the conversations between the clients and sales (or sales -> traders) are when doing a trade. (I used to work as a FX sales, so let's say a lifer would come in and say 'buy 50 us...
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JPMorgan Chase - Review - Sales and TradingMiddle bucket in a fixed income trading role. Promoted to associate with 125 base. Deferred stock comp starts at associate level. . Stress. Given lots of responsibility early. Manage many small trades. Little mentor ship - learned much through books and talking with research. ...
Barclays Capital - Interview - Sales and TradingThe most difficult interview question was: if a person rolls two dice and receives the amount that is shown, what should they pay to play the game (what is the expected value)? Then they asked what would happen if the person had the opportunity to re-roll the dice. The question is basic probability ...

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