BAML-S&T, advice on choosing desk

maltodextrin's picture
Rank: Chimp | 7

Hi everyone, I've got an internship coming up for S&T with BAML in the London office. I'm going to an event where all the interns get to meet the various desk managers and then list their desk preferences for the internship.

They sent me a pdf giving a brief description of each desk and wow there is a lot to choose from! (for example within the credit sector alone they have 'structured credit trading, credit sales and trading, emerging markets credit trading, flow credit sales'). I'm hoping to narrow it down to a couple of sectors to focus on before I go to this event (and not worry about all the sub-sectors within each sector for now).

Does anyone know BAML's strongest asset classes are at the London office? I keep hearing that they are strong at rates but I would imagine this is referring to the NY office.

Also, would it be advisable to opt for a desk that has more traders? Just since this would tend to hint that they would have more room for hiring (for example the Inflation trading desk has just 3 traders whereas the FX desk has over 20)

Any help would be much appreciated!

Comments (10)

Apr 6, 2011

go for the product that most interests you instead of one which you perceive to be the best at a bank. What is bank is good at is WAY more cyclical than what your interests are.

Apr 6, 2011

Right I see, thanks for your advice. I figured that whilst the most 'in-fashion' asset class is hugely cyclical, the performance of a particular bank relative to other banks in an asset class remains fairly constant. But this isn't the case? I think I've narrowed it down to EMEA rates, inflation trading and possibly mortgages. Could anyone give a comparison of how varied and interesting the days are working on these desks?

Apr 6, 2011

Anyone have an idea for FI side?

Apr 6, 2011

equity derivs

Learn More

Boost your resume and land a finance job by passing the FINRA SIE. 264 pages & 1981 smart flashcards written by a former 8X top Fidelity instructor. Try it for 0 bananas here.

Apr 6, 2011

Curious as well to hear input from other posters- I get the sense that BAML is strong in equities and credit, but would like to hear more specifics

Apr 6, 2011

BAML is very strong across EM FICC products

Apr 6, 2011

You might enjoy the Rates desk if you like following macro level economics on a global scale. I know BAML has a good Equity Research team not sure how that directly affects the deriv team though. BAML use to let you know what 2 of your rotations were before the summer started then you had to network during the summer to land your 3rd rotation. So always talk to as many people as you can and try to make connections so you don't end up doing your 3rd rotation on a desk that you're not interested in.

Apr 6, 2011