Junior Trader being assigned a New Analyst

Hi,

I am a junior trader (associate level) on a fixed income desk three years out of undergrad. I help manage a book shared by 3 people total.

I've been assigned a new junior to report directly to me full time. He has 4 months of FT experience directly related to the desk, and 8 months of middle office xp supporting a trading desk. He's two years older than me. I was on a committee that selected him.

He was assigned to me for several reasons, mostly because I'm doing ~2/3 peoples worth of work and have been recognized as doing a good job in training a few other senior team members on how certain roles of the desk are done. I'm key man risk and my MD wants me to train him how to do my role.

I'm getting him set up on systems access and have given him a few good fixed income text books and spreadsheets to go through while he's on his current rotation. He joins in a month.

My plan is to get him to work on the ticketing, spreadsheets, mkt commentary etc before giving him a small portion of my risk limit after a few months before taking on larger positions at the ~1yr mark.

I would appreciate any advice anyone has on any of this, such as how to be a good manager or on any tips on how to leverage this experience down the road.

Thanks!

 

Hi futuretrader1, the silence is deafening, sorry about that.... Any of the threads below helpful?

  • Preparing for a Jr. Trader/Desk Assistant Role With that being said if you can highlight what junior analysts do on you desk and how build a knowledge ... management systems ^^^ This is obviously a generalization (Trying to be brief not naive) My questions is: For ... base in that area would be awesome. I am primarily interested in fixed income (all types, mmkt to corps ...
  • If No FT Offer After Jr. Year Internship, Am I Doomed? imagine the no-offer after junior year would be quite stigmatizing... how do you overcome this? no offers ... Seeing how crucial the junior year internship is, and how that typically leads to a FT offer... ... what if you DON'T get an offer after your junior year internship? How crippling is that to your ...
  • Akuna Capital Jr. Trader Phone Interview phone interview with Akuna capital for Jr. Trader role, your insight would be of great help. Also, let ... interview with trader (may be technical round) next week. What should I be expecting? Anyone who had their ... me know where can I prepare for Jr. trader interview and what are the concepts /topics/skills ...
  • Associate in a new risk reporting team that is being built from scratch within a BB or Junior researcher at a HF? analyst in systematic + discretionary HF? The team in JPM is being built from scratch and I will have ... If my final end goal is to eventually be a portfolio manager in an AM firm or in venture capital ... or private equity, would it benefit me more to start my career off as a part of a new risk reporting ...
  • Details on Goldman's New Analyst Policy vacations * Vacations will be tracked and reported on a quarterly basis * All analysts, including new first ... BUL/BUM know if you have staffing needs that require your junior banker(s) to be in the office from Friday ... mornings. * All analysts and associates are required to be out of the office from 9pm on Friday until 9am on ...
  • Sales- debunking 8 MYTHS (From a veteran) a few idiots, most traders are decent human beings (unless you are a junior, but you need to learn the ... accounts No they don't- if there is the slightest whiff of a junior on-boarding a new client, some ... Myth 6- Sales peoples are trader's bitches Yea at a junior level you are everybody's bitch ...
  • AMA: Former hedge fund junior trader/analyst investment banking ama junior ...
  • More suggestions...

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Perferendis nemo quis dolorem tempore. Suscipit eos facilis quos necessitatibus. Consequatur quia sint eveniet quod perspiciatis est dignissimos. Vel omnis ut sapiente exercitationem officia excepturi itaque. Sit saepe quibusdam dolores doloremque consectetur at ipsam.

Possimus aliquam quia culpa est quos. Exercitationem ab iure qui dolor soluta ipsam. Qui aut molestiae placeat esse animi id.

just google it...you're welcome

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”