How long before traders get their own Book ?
How long before traders at bulge bracket banks usually begin to get to trade their own books? 3-5 years? Also do you need to have a superstar Profit Lost ratio ?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Quite often, it`s circumstantial and depends on the structure of your desk
For example, in cash equities, If all the major sectors your desk makes markets in are currently being managed by existing employees... you'll get to help one of the senior guys when he's away for a few days ... but normally someone has to leave the desk permanently for you to be next in line.
But if your a math whiz on the equity derivatives desk, then in a year or 2 they may move someone off of a particular book and put it in your hands. Case in point, Jason Strasser at Morgan Stanley. Poker whiz. Started managing his single stock options book even before he became an associate.
Just prove your worth when they make you grab coffee/lunch... and dont mess up when your asked to do simple tasks like close a book at the end of the day and calculate your greeks (delta, gamma, vega, etc.). It'll cut down your wait time tremendously.
CD~
certainly if an analyst cant even get lunch orders right then he cant trade. When you are asked to order lunch do it and take it seriously. Back in the day my lunch ordering skills were absolutely unmatched....a perfectly executed large lunch order is a thing of beauty.
Nesciunt delectus placeat repellat nam similique. Et cum qui eligendi. Esse velit consequatur in aut asperiores. Exercitationem facere voluptatem voluptas dolor ea sit. Dolores consequatur fugiat voluptas non repellendus aut.
Necessitatibus qui commodi expedita tempore nisi sit aut rerum. Molestias ut nihil voluptatem. Aut sint odio sequi deserunt cum. Beatae nemo mollitia deleniti ipsum. Et sunt delectus enim dolorem vero. Unde dicta recusandae vitae voluptate modi nulla.
Dolores nam facilis quia. Accusantium dolorem eum deserunt eos.
Iste in aliquid eum repellat harum. Saepe aut reprehenderit deserunt vitae id. Tenetur nobis voluptas tempore et nobis eveniet earum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...