Comments (13)

Jun 16, 2013

It fluctuates.

Jun 16, 2013

They like quantitatively inclined people, preferably those who've attended a french engineering school. Equity derivs at SocGen have historically been top notch.

Jun 16, 2013

BNP does well in derivatives and structured products. I would say their European footprint is larger than in the U.S.

Jun 16, 2013

There was an article the other day i believe in WSJ or bloomberg saying that BNP was planning on adding 100-200 IB jobs this year in the US

"If you survive to my age and you rack up a CV like mine, you can look at HR and say, "Fuck you. I don't try out."- Eddie

Jun 17, 2013

Very well respected in the equity derivs arena, two of the top players. Problem is they arent known for paying welll, they are under the finger of the french government and are considered to be two of the more sketchy banks when it comes to their holdings.

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jun 17, 2013

They're fine... Active in most products and very decent in a few of them.

Jun 16, 2013
derivstrading:

considered to be two of the more sketchy banks when it comes to their holdings.

Yeah, at the peak of the euro sov. crisis, things were looking pretty grim for them.

Jun 17, 2013

They are also quite good in some niches in FI, but overall they are good shops at least in Europe. They do have a reputation for not paying well and pulling some not very nice shit with juniors though.

Jun 17, 2013

Top notch in Equity derivs.
Garbage to decent in other areas.

You could find it very hard to adapt to the heavy french culture/management.
People are all from the same schools(Ecole polytechnique, Centrale Paris...), and have the same mindset, not as international as a big US bank can be for example.

Jun 17, 2013
Zafrynex:

Top notch in Equity derivs.

Garbage to decent in other areas.

You could find it very hard to adapt to the heavy french culture/management.

People are all from the same schools(Ecole polytechnique, Centrale Paris...), and have the same mindset, not as international as a big US bank can be for example.

Do not underestimate this last point. It is VERY difficult to fit in if you arent from that background.

The junior system at these places is mainly composed of hiring long term interns and making them do all the junior work. Cheaper for the bank as they arent full time workers officially, dont have to pay a bonus/pension etc etc.

Jun 17, 2013
derivstrading:
Zafrynex:

Top notch in Equity derivs.

Garbage to decent in other areas.

You could find it very hard to adapt to the heavy french culture/management.

People are all from the same schools(Ecole polytechnique, Centrale Paris...), and have the same mindset, not as international as a big US bank can be for example.

Do not underestimate this last point. It is VERY difficult to fit in if you arent from that background.

The junior system at these places is mainly composed of hiring long term interns and making them do all the junior work. Cheaper for the bank as they arent full time workers officially, dont have to pay a bonus/pension etc etc.

That's what I was referring to. The fact that you're an intern for 1 year or 1,5 years means you are getting paid a lot less than your peers at other firms. Plus it's quite risky, since they might not renew your contract or promote you to full time, and you can find yourself out of a job and 1 year or 1,5 years out of uni with only internships, which can make it quite hard to lateral...

Jun 18, 2013

thanks a lot, very helpful comments. Yes, I can imagine they have quite a unique culture. I hope I do not offend anyone on this forum who happens to be French, but I think it is fair to say that the French are especially proud of their way of handling things/ management culture.

Jun 18, 2013
Comment

"so i herd u liek mudkipz" - sum kid
"I'd watergun the **** outta that." - Kassad