Need to Choose - Trading, Structuring, Sales, Research, Quant

engineer999's picture
Rank: Monkey | 45

Hi Guys,

I'm new to all of this. I have studied a masters in Engineering, but have had an interest in trading so have had a go at it myself for the past few years. I have managed to finally get a summer internship in S&T in an investment bank and now have to rank preferences: Trading, Structuring, Sales, Research, Quant.

I would like to pick trading and then sales, however I'm going to be completely honest and admit I dont really know what the others entail. This has probably been posted before, but can't find a post that answers this directly and concisely. Please link me to the post or share your knowledge.

Thanks.

Comments (7)

Jan 29, 2017

If you know how to code you may enjoy being a quant.

Jan 31, 2017

I don't know how to code - so quant is my last choice. If I end up being a quant, do they teach you the basics on the job??

Jan 29, 2017

Doesn't matter, you're going to end up choosing trading.

    • 1
Jan 29, 2017

I work on a structuring desk and I agree - not too many people understand what we do. Structuring is a very analytical role and a comfort with complex pricing systems and derivatives coming in helps a lot, but you can learn all of it on the job. I would say given your background stick to Trading or Structuring - if you are ok with the stress/pressure of trading go for it. If you like a slower, analytical and "brain-teaser" type environment, structuring is great.

Jan 31, 2017

Thanks a lot for the info! Is there anything you recommend I do between now and summer to get me prepared for trading/structuring I.e certain books to read, certain things to try before I start the internship to get ahead of the game?

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Feb 7, 2017

Might be better for a PM, but reading Natenberg, Hull, and some of Howard Corb's work on Swaps is a great place to start. Will you be working in equities or the fixed income/rates side?

Feb 8, 2017
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