Hi,
As I am preparing for my 2020 SA application for Trading division I wanted to ask if there are any programming languages and IT skills required to do the internship? I've read a lot about VBA. Is it something one should know how to use before applying? Also, what is the technical knowledge I could be asked about? Is it anything from valuing a company as IBD kids learn?
Lastly, what choice do I have regarding which desk I work at? Or maybe during the internship I learn a bit about every single of them?
ozajasz, way too quiet in here. What about these resources:
Fingers crossed that one of those helps you.
I'm also applying for 2020 so I'm not exactly sure but I think I have a little more knowledge than you so I'll try to help. VBA should be used practically everywhere in IBs together with R. Technical knowledge should be mainly about risk management, and I guess most BBs do a rotating program.
what specific content do you mean by "risk management". I feel like knowing what knowledge you need for IBD is way easier cause there are so many sources of information on the Internet.
you should absolutely be fluent in VBA. Try to build something in excel, and then use VBA to extend and automate everything. Getting data from a variety of sources (web scraping, SQL database, XML files), using loops and if/then statements to implement some kind of business logic (you can make up the logic)...you just want practice so that when somebody gives you a project, you can respond "sure, i know how to do that".
you won't be able to learn this stuff on the job...there won't be enough time...you should be learning this now...it takes time. Having these skills will be a +1 on your candidacy. You need all the other things also (fit, intelligent, etc..) but its a dog eat dog world and you should be doing everything you can to be #1. Then, learn Python and be able to do the same things, but in ython rather than VBA. Why both? Because you don't know which platform the desk you wind up on will prefer.
Alright, thanks. These are the IT skills, but do I need any knowledge of how to trade etc?
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