1. Search Results

  2. AMA: Options Trader at Top Prop Firm

    About I knew nothing about finance, below 3.0 GPA from UIUC, and had no connections. But I made it. I found my way on to the trading floors in Chicago and eventually got hired at a top firm as a trader. I managed the European session for one of the larges ...

    19 comments - 7 silver bananas - Aug 15 2019 - 11:46am -

  3. Why UBS Will Die

    One common criticism I hear on the street is UBS, the U've Been Sacked bank, or Ultra Bullshit Shit bank has a poor reputation. Either through routinely failing institutional clients by wiring money incorrectly to a counter-party while they're i ...

    53 comments - 2 silver bananas - Mar 21 2017 - 8:38pm -

  4. AMA: Recent Quitter from Fixed Income S&T to Startups

    Hello. I am new to the WSO blogger community; this is my first post. I went to a semi-target and interviewed during the crisis, when company presentations & on-campus workshops pretty much dried up. WSO was a crucial source for me when I started finan ...

    37 comments - 4 silver bananas - Oct 13 2014 - 12:12pm -

  5. Good Fixed-Income investing book?

    What are some good fixed-income investing books? I have the CFA curriculum, which provides a wealth of information, but I'm looking for something a little less academic. Topic of interest include: distressed debt investing, ABS and other structured p ...

    69 comments - 1 silver bananas - Oct 10 2016 - 4:42pm -

  6. AMA: Non-target to Fixed Income S&T Analyst

    Hey WSO, happy to answer your questions today and tomorrow. I can answer any questions regarding: networking application process interviewing/interview prep process recruiting process school courses to take how to take advantage of linkedin cold emailing ...

    30 comments - 4 silver bananas - Apr 25 2015 - 9:01am -

  7. Q&A with a Fixed Income Trader at a Major Bank

    mod note: this was originally posted on 9/4/12 I thought I'd switch things up a bit today. Rather than delve into a note-worthy news item or another Facebook discussion, I'd like to welcome everyone back from Labor Day Weekend with an awesome in ...

    26 comments - 12 silver bananas - Jul 22 2014 - 12:16pm -

  8. Alternative Lenders & the End of Risk Taking for Banks- Opportunity or Risk?

    Many of you may not know it's conference season, where guys like me get flown to exotic places listening to firms this forum salivates over (BX, KKR, Oaktree, PIMCO, GSAM, etc.) pitch investment ideas to us and blow tons of money to try to earn our b ...

    19 comments - 3 silver bananas - Nov 13 2016 - 11:00am -

  9. How do you come up with trading ideas for FICC more specifically for corporate debt or rates? Explain like I'm 5 please

    I have never come up with any trade ideas outside of equities, so I don't actually understand how it works really. I know what FI products are and the basics of FI but what does a FI trading idea entail within the realm of S&T? If someone could h ...

    11 comments - 2 silver bananas - Jan 10 2019 - 2:01am -

  10. Fixed Income Credit Research Analyst- Interview help

    Hey all, So i have an interview on monday for a Credit Research Analyst in a Fixed Income department that works with Corporate bonds and some lev. finance portfolios. The role involves some fundamental credit and relative value analysis on the debt securi ...

    34 comments - 0 silver bananas - Oct 6 2016 - 6:14pm -

  11. FI Traders > Equity Traders?

    The Big Short, what an awesome book that was! It gave insights into the crash that I have never realized before, and would have never came to learn in school either. The book informed me that equity traders are looked down upon compared to fixed income tr ...

    35 comments - 0 silver bananas - Jan 6 2013 - 1:21pm -

  12. Difference Between Strategy Desks and Trading Desks in Fixed Income

    I have previously been to a BB's fixed-income trading floor and was able to have a very quick glimpse into the majority of desks. One that really interested me was a strategy desk that seemed to have a smaller team than most of the other desks. Since ...

    10 comments - 4 silver bananas - Nov 19 2018 - 11:00am -

  13. fixed income career

    Hi everyone, you all have helped me before and I would like some advice now. I am currently working in trading right now in New York, but I have come to realize that trading is not for me. I want to be more on the investment side. I have been offered a po ...

    26 comments - 0 silver bananas - Nov 16 2016 - 9:55am -

  14. Hedge Fund Compensation in a Banner Year

    The question of the day is this.... I work for a relatively small fixed income relative value hedge fund that has had great returns. I've been here for several years and am now in charge of all trading (but we don't trade that much). We all cont ...

    40 comments - 2 silver bananas - Jul 9 2012 - 12:13pm -

  15. FI Arb

    Hi, wanted more color on fixed income arbitrage as a career in this environment. Have only traded money markets for under a year, trying to figure out how far I should pursue this aspect of RV. Thanks in advance. ...

    23 comments - 0 silver bananas - May 27 2014 - 11:22pm -

  16. Bond Market and Fixed Income Job Market

    Just wanted to gather you guys' opinion as it pertains to the current state of the bond market trend (higher yields/bond market selloff) and future job market within the fixed income investment management industry in the next 2 to 15 years from now. ...

    12 comments - 2 silver bananas - Jan 9 2018 - 5:09pm -

  17. how to get exposure to bonds getting destroyed in coming months?

    Any thoughts? Its kinda obvious rates are going to rise soon what is your opinion? fixed income ...

    33 comments - 0 silver bananas - Sep 29 2010 - 3:08pm -

  18. Jefferies Fixed Income

    Can anyone provide info on Jefferies ' Fixed Income department? I'm currently a junior and through some connections I think that I may have a good shot at an internship there, but I wanna know how it compares to BBs. Is it comparable to Morgan S ...

    25 comments - 0 silver bananas - Jan 16 2013 - 3:19am -

  19. Institutional Sales Analyst Job Description and Overview

    For many, institutional sales offers the best of all worlds: great pay, fewer hours than in corporate finance or research, less stress than in trading, and a nice blend of travel and office work. Like traders, the hours typically follow the market, with a ...

    11 comments - 7 silver bananas - Mar 14 2018 - 4:53pm -

  20. Do All Debt Securities Fall Under Fixed-Income? Does Fixed-Income Only Encompass Bonds?

    Hey guys, basically the title. I'm trying to map out all the major kinds of financial securities to learn/know about to increase my financial knowledge. ie. I have "Financial Securities" split into "Debt Securities", "Equity ...

    10 comments - 1 silver bananas - Jul 16 2018 - 9:47pm -

  21. Finance Interview questions

    Hi all, I am a CFA level 3 candidate. Masters in Economics. Currently working as a Macroeconomic research Analyst. 3 years of exp. I want to change to a role that is closely aligned with Capital markets. Equity, Fixed Income, Derivatives and IB are my pri ...

    20 comments - 0 silver bananas - Jul 21 2014 - 12:18pm -

  22. HELP!! URGENT!!

    I woke up this morning to a voicemail from a friend in fixed income trading at a BB in NYC. Think GS /MS/ JPM...anyways he said that he passed my resume around his firm and landed me a phone interview with an executive director in S&T. I am a rising j ...

    25 comments - 0 silver bananas - Aug 4 2011 - 9:51am -

  23. Anyone else shorting Treasuries?

    Interesting post on mean street about the inflation vs. deflation debate and the recent flight to quality from equities and currencies into US govt bonds. From what I have seen, I think inflation is unavoidable within a 1-2 year horizon, though i understa ...

    27 comments - 0 silver bananas - May 26 2010 - 3:48pm -

  24. GSAM Fixed Income Product Management

    I have an interview with GS for Product management Analyst position and have no clue what this position is about.The interview is telephonic.This is the JD the HR lady sent me: The Global Fixed Income Product Management Team is focused on the strategic de ...

    17 comments - 0 silver bananas - Feb 21 2017 - 11:12am -

  25. Credit Suisse Fixed Income Desks

    I received an offer for a Summer Analyst with Credit Suisse Fixed Income. The program is rotational in nature, and they actually let us have a say in which desks we are assigned to. I am aware that CS is generally regarded to have one of if not the best H ...

    26 comments - 0 silver bananas - Feb 9 2010 - 8:59pm -

  26. Fixed Income Trade Ideas

    In preparation of S&T interviews, I've seen many examples of equity trade ideas that are commonly asked in interviews. If I am interested in Fixed Income, is it probable that they could ask for a FI only trade idea? If so, can you provide an exam ...

    23 comments - 0 silver bananas - Sep 20 2010 - 2:09pm -

  27. Fixed Income Sales and Trading 101

    Fixed Income (FI)- What Is It? Fixed income is a type of trading that falls under the sales and trading umbrella. Traditionally, fixed income trading meant trading investments that had a fixed income. This means that the borrower paid a fixed amount of mo ...

    15 comments - 7 silver bananas - Sep 14 2017 - 2:10pm -

  28. Fixed Income Resources

    I was hoping you smart folks could recommend me some solid fixed-income resources. Basically, I know very little about fixed income valuation/analysis, but I'd like to change that. By resources, I mainly mean books (textbooks or otherwise), but I ...

    21 comments - 0 silver bananas - Apr 2 2010 - 4:06pm -

  29. hedge fund prop trader vs portfolio manager

    I am curious to know the pros and cons of these two very attractive alternatives: 1. Hedge fund prop trader- this would be a small team managing a small pool of money on a more or less discretionary basis without extremely sophisticated support. 2. Buy si ...

    14 comments - 0 silver bananas - Aug 8 2016 - 2:36pm -

  30. Convexity of bonds

    Hello Folks, I am reading on convexity of bonds and I am confused on a few of the concepts. A bond with greater convexity is less affected by interest rates than a bond with less convexity. Also, bonds with greater convexity will have a higher price than ...

    15 comments - 1 silver bananas - Mar 10 2017 - 5:51pm -

  31. Prop-shop to BB S&T or HF?

    I work at a prop shop in fixed income and am looking to make the jump. This is non-algo, non-quant discretionary trading. A few reasons:- The prop trading approach (day-trading/scalping only) is getting tedious, and there's not enough depth. No expos ...

    17 comments - 0 silver bananas - Mar 6 2013 - 9:12pm -

  32. VP FI Trader Willing to answer questions

    Hey Guys, ...

    20 comments - 2 silver bananas - Jul 11 2010 - 6:41pm -

  33. Credit Opportunities

    Can anyone speak to the work that pre-MBA associates do at so called credit opportunities funds? I'm thinking places like Golden Gate, Angelo Gordon, TPG, Blackstone, etc. that have PE practices but also invest in credit through separate funds. What ...

    18 comments - 0 silver bananas - Mar 9 2012 - 12:21am -

  34. Interview s&t suspect conflict of interest

    So I had an interview last Friday at a BB sales and trading fixed income and equities. This was for summer analyst. 3 interviewers 1 went ok, but I could tell the woman had something against me...she wen't to Wharton and maybe he thought I wasn' ...

    19 comments - 0 silver bananas - Feb 23 2011 - 3:45pm -

  35. Derivatives vs. Fixed Income vs. Equities Trading

    So, typically derivatives > FI > equities in terms of quantitative skills demanded. But what about in terms of median comp (roughly). Is one generally more lucrative than the other? trading equities derivatives fixed income ...

    14 comments - 0 silver bananas - Dec 13 2016 - 2:04pm -

  36. How To Analyze What A Company Might Issue Debt At

    How does a company determine how much and at what rate to issue debt at? I'm looking at a company that will likely refinance and issue bonds to pay off bank debt as well as refinance other maturities. fixed income ...

    13 comments - 0 silver bananas - Jan 28 2015 - 9:24am -

  37. Learning skills to move to long/short equity funds

    I am about to start as an analyst at a fixed income hedge fund focused on relative value strategies. Its unclear to what extent I will get experience doing fundamental research, but it seems like I won't be doing a lot of it. I have a few months of f ...

    9 comments - 1 silver bananas - May 18 2017 - 4:00am -

  38. Is Bond Arbitrage Still Around?

    So I just started When Genius Failed (really liking it) and it speaks quite a bit about bond arb, one of the main strategies used by LTCM. Obviously, bond markets are much more efficient now than they were when LTCM was starting up and when Salomon had a ...

    15 comments - 0 silver bananas - Jul 31 2012 - 9:45pm -

  39. The Great Pension Hedge

    I have written before about my worries and fears regarding the future of American pensions. I am neither unique, nor first to the party with said sentiment. Everybody is watching the Titanic cruise towards the iceberg and nobody can do a damn thing to sto ...

    12 comments - 0 silver bananas - Jul 5 2011 - 12:45pm -

  40. Convertibles Bonds.

    Hey guys, I have a question. Are convertibles securities (i.e. convertible bonds) rated like normal corporate bonds? Thanks for all the replies. fixed income Bond Ratings ...

    15 comments - 0 silver bananas - May 2 2010 - 7:47pm -

  41. R or Python for FI Analyst?

    Hi all, I'm a senior with 3 months left in university. I'm taking two programming courses with the same prof. The prof offered to combine the courses and bootcamp me in one language. I'll basically be building yield curves and backtesting t ...

    10 comments - 0 silver bananas - Feb 9 2016 - 9:04pm -

  42. Fundamentals of Bonds

    Hi you all, I need to get something straight in my mind that has gone back and forward. If I invest 100 million USD in a 30 Y bond, how much approximately do I need to invest in a 10 Y bond to have the same yield. That is giving me the same amount of mone ...

    11 comments - 0 silver bananas - Dec 2 2014 - 7:26am -

  43. Basic Primer on Bond Duration and Management

    Duration. Bonds. Boring. Most people I know hit the snooze button about ten extra times and then going back to sleep before fixed income class. I mean really, how could you not? Bonds are a snooze fest much of the time and require all kinds of weird math ...

    10 comments - 0 silver bananas - Oct 5 2012 - 12:03pm -

  44. On Greg Smith, Goldman Sachs, and a Perp Walk Down Memory Lane

    I'm changing things up a bit today by posting a new piece written by Ledgerdemath author Omer Rosen. It's running concurrently on the Huffington Post, but Omer not only gave me permission to run it on WSO, he's also going to field any quest ...

    10 comments - 3 silver bananas - Mar 23 2012 - 6:45am -

  45. What is your favorite, non-obvious, Bloomberg function?

    Bloomberg has some insane capabilities, not all of which are widely known. Maybe that's just because I'm new into my buy-side role (Fixed Income). My favorite function: "SPLC"...shows you a company's entire supply chain (vendors / ...

    5 comments - 2 silver bananas - Jul 11 2019 - 11:45am -

  46. Fixed Income Pitch

    Hi, I have an upcoming interview for sales and trading within the fixed income division at a BB. While I am familiar with doing equity stock pitches, I'm not really sure about how to do a fixed income pitch (on bonds, currencies, etc). What type of i ...

    10 comments - 0 silver bananas - Aug 18 2016 - 1:19pm -

  47. Buy-side FI Trading Tips

    In a couple months I will be starting buy-side trading role in FI (think fairly illiquid HY /muni-type debt). The role is purely execution for the PM and Senior Analysts. My background is a several years of experience in PWM, some discretionary equity and ...

    11 comments - 0 silver bananas - Jun 7 2012 - 2:07am -

  48. Please Review My Resume- Primarily looking for S&T positions

    Please give me some feedback on my resume, I'm primarily looking at S&T positions but also applying to some places as an analyst. It's got me some interviews so far but I'm hoping I can tune it up and make it more effective as I continu ...

    9 comments - 0 silver bananas - Mar 16 2016 - 10:59am -

  49. JP Morgan S&T Summer Analyst- Can Anyone Offer Help Choosing Asset Class?

    Hey everyone. I recently accepted an offer at J.P. Morgan for the S&T Summer Analyst program. The program is not rotational; we rank our choices and they rank us. I have recently seen seen the FICC Citi Survey (can't link to it as I am a new memb ...

    9 comments - 0 silver bananas - Oct 26 2013 - 7:50am -

  50. Fundamental Fixed Income Analysis Techniques?

    Hi all, I've recently wanted to learn how to invest in fixed income and was wondering what models, etc. are used to evaluate these types of securities. For example, in valuing equities from a bottoms-up perspective, we use either comps or DCF analysi ...

    9 comments - 0 silver bananas - Jun 19 2013 - 3:41pm -

  51. Prudential Capital Group Investment Analyst: private fixed income investment management

    i have an interview coming up with Prudential Capital Group in their corporate finance group They do "private fixed income investment management"...private placements..mez...etc, all things private as in not listed on exchanges How is it differe ...

    9 comments - 0 silver bananas - May 18 2015 - 2:05pm -

  52. Please delete!

    Answered. Thanks. fixed income junior traders boutique investment bank ...

    8 comments - 0 silver bananas - Aug 27 2014 - 1:39pm -

  53. Securitization- Good online resources

    Hi everyone I'm looking for educational resources to brush up on securitisation (within fixed income). If anyone knows good online resources or textbooks etc. Please list them here. Thanks Securitization fixed income education ...

    8 comments - 0 silver bananas - Apr 24 2016 - 2:03am -

  54. Hedging treasuries with futures rather than with treasuries?

    Why would a trader who wants to hedge against interest rate moves do so in futures rather than underlying treasuries? Similarly, why would a speculator do the same (i.e. how is it any different for a speculator)? Is it just because they provide the exposu ...

    8 comments - 0 silver bananas - Mar 25 2014 - 3:51pm -

  55. Buy Side FI Research- How competitive are these positions?

    What would entry level FI research be like at a buyside firm, ie mutual funds, etc.? How competitive are these positions? What would one expect in an interview? research fixed income buy side ...

    8 comments - 0 silver bananas - Apr 19 2016 - 12:55pm -

  56. Entry-level Fixed Income Research Associate interview

    I've got an upcoming fixed income research analyst position coming up, I'm in college so this will be an entry level position. It is with Fidelity. The dilemma is, I don't have any background or work experience in fixed income. This is the ...

    6 comments - 0 silver bananas - Oct 5 2017 - 12:20am -

  57. Fixed Income to Equity Buy-Side Career Switch

    I've been working in FI at a large pension for 1.5 years now after graduating from undergrad and would like to transition back into equities. I work in securitized products, which is more specialized and less relevant to an equity role than a corpora ...

    7 comments - 1 silver bananas - Oct 6 2015 - 11:51pm -

  58. Repo/Securities Lending Trader, what's their Profit Pattern?

    Hi All, More than happy to join you! I am a new member of this awesome forum, currently working as a Trade Support since graduated master study in 2014. Before coming to US in 2013, I worked in Asia on a FX Spot desk. Regarding to the subject: As far as I ...

    7 comments - 0 silver bananas - Sep 19 2015 - 4:40pm -

  59. Credit/Fixed income/debt investing fund interview

    Any thoughts/advice on debt specific interview questions? Would love any that you have. thanks! hedge fund credit fixed income debt High Yield ...

    8 comments - 0 silver bananas - Dec 12 2012 - 11:30pm -

  60. Blackrock Fixed Income Trader

    Hi guys, I am currently a structurer on the sell side non BB. I do get to trade but mainly for hedging and execution. I do not run my own P&L, though I expect that to change in a year or two. Recently, an opportunity to join BlackRock at their Trading ...

    6 comments - 1 silver bananas - May 23 2017 - 8:37am -

  61. Should I follow my heart or chase money?

    For those of you in equities, I'm curious why you chose equities as I am interested in being an Institutional Equity Salesman. I really like equities and I also like equity derivatives. I personally like analyzing companies and getting behind the num ...

    8 comments - 0 silver bananas - Jan 30 2012 - 8:29pm -

  62. How quantitative is Fixed Income?

    Talkiing about Fixed Income as a whole, how quantitative is it? I know there are more quantitative products within it (cds, cdo) and less quantitative (high yielding), but on average, how much quantitative knowledge would a trader need? And on a daily bas ...

    8 comments - 0 silver bananas - Feb 1 2011 - 11:36am -

  63. MS Mid-Market Fixed Income Sales- Looking for info

    So, out of the blue, a good friend of mine, who is currently an associate at MS in mid-market institutional FI sales, told me they're leaving for a different job and is in charge of hiring their replacement. They want me to take their place. So, they ...

    7 comments - 0 silver bananas - Sep 10 2014 - 7:57pm -

  64. Starting Out In Fixed Income: Buy Side vs Sell Side

    I just landed an entry-level position today in Asset Management (Fixed Income Analyst). Salary is lower than BB entry level salary. What are the differences between this and something similar on the sell-side (Credit Structuring, Credit Risk, etc) in term ...

    8 comments - 0 silver bananas - Jun 28 2010 - 10:31am -

  65. FI trading at "the private bank"??

    Does anyone here know anything about fixed income trading at the 'private bank' division of a top BB? How different would this be from a more traditional institutional trading job? Are the private wealth advisors the 'sales-people' who ...

    8 comments - 0 silver bananas - May 10 2010 - 5:57pm -

  66. Best area to focus on in trading...

    If I would eventually like to transition to a hedge fund (from a bank), would being in equities or fixed income be better? I know it depends on the nature/strategies of the firm, but do trading-focused HFs usually have both equity and FI traders? kind of ...

    8 comments - 0 silver bananas - Apr 16 2010 - 12:56pm -

  67. Mock Trading Session

    Hello, I have a mock trading session upcoming as part of the interview process a fixed income job. The hiring manager sent me a few documents to help me prepare, but does anyone have any idea what this would generally entail? Thanks! trading MBS fixed inc ...

    6 comments - 0 silver bananas - Feb 18 2015 - 1:46am -

  68. Prepering for an Internship on a Prop Interest Rate Desk

    Hi everyone. I'm looking for advice on how to prepare for a BB S&T internship this summer in NY. I'll be on a bit of a weird desk that trades short term interest rates, partially to hedge the bank, but also to generate P&L at discretion ...

    6 comments - 0 silver bananas - Feb 10 2015 - 10:56pm -

  69. Switching Jobs too Early?

    Graduated from a non-target with a lowish (~3.1) GPA last May. Messed up my first two years of school but really improved and got a 3.5 my last two years. Took a job at a major fin-tech company in a client-facing role after getting dinged at all buy-side ...

    5 comments - 1 silver bananas - Jun 19 2017 - 11:03pm -

  70. Buyside Analyst Development Program Salary

    What is the expected salary for an analyst development program coming out of undergrad? This would be a program developing you to be a FI trader for a decent sized ($300-$400 bn AUM) AM firm. I am pretty far into the interviews and salary came up during d ...

    6 comments - 0 silver bananas - Oct 19 2014 - 2:01pm -

  71. Bloomberg article on bond trading today

    http://www.bloomberg.com/news/2014-09-22/shrinking... Thoughts? fixed income ...

    6 comments - 0 silver bananas - Sep 23 2014 - 2:20pm -

  72. Pimco Portfolio manager position in Newport CA

    I am being offered a VP Portfolio Manager position at PIMCO. Pay is competitive and other benifits are allright too. But i have been doign soem research and i have see nothing but negative reviews about the company, the 10 to 12 hr shifts each day, the &# ...

    6 comments - 0 silver bananas - Sep 21 2014 - 12:42pm -

  73. Fixed Income Research vs Jr. Fixed Income Portfolio Manager

    In the final running for 2 diff roles- I want to take company/location out of the picture. I am having hard time making a decision because the pros for one role do not necessarily translate into a con for the other role Which one would give me better exit ...

    5 comments - 1 silver bananas - Apr 12 2017 - 12:28pm -

  74. Fixed Income Internship Preparation Advice

    I accepted an offer for a fixed income, rotational program over the summer. I'm looking to hit the ground running once I start, so I would like to build up my knowledge of the asset class. What will be most helpful to read or watch? I'd like to ...

    5 comments - 0 silver bananas - Nov 6 2016 - 1:05am -

  75. options are tight...looking for advice

    Looking for some insight. I just graduated from a non-target in California, a middle of the road Cal State school, with a 3.0 in bus. admin. (I realize that many of you are from great schools). The job market is pretty tough even for b2b, medical device o ...

    6 comments - 0 silver bananas - Aug 16 2012 - 3:00am -

  76. Changing from Energy Trading to IM/Research

    I'm in my early thirties and have been an energy trader for almost five years now. Purely spec trading. I also trade interest rate futures in my own account, among other commodities. Love macroeconomics and fundamental analysis. I've always had ...

    6 comments - 0 silver bananas - Feb 22 2011 - 7:21pm -

  77. equity vs FI revenues at BBs?

    Looking across major banks, what contributes to a larger proportion of the revenue, fixed income or equities? Also, which tends to do better during market upturns and which tend to do better during downturns? Specific numbers would be awesome but general ...

    6 comments - 0 silver bananas - Feb 15 2011 - 3:11pm -

  78. Signed offer at BB, contact MD about switiching divisions?

    Hello Folks. So after my summer in Ops at a BB, I landed a full time offer in deriv ops as a Traders Assistant I accepted in October, however over the past 2 months I have grown restless.. and I am trying to figure out how to move to a FO Fixed Income gro ...

    6 comments - 0 silver bananas - Dec 7 2010 - 12:38pm -

  79. Best Grad Degree(s) For Fixed Income Research

    If someone wanted to be a fixed income research/financial analyst, and eventually a portfolio/money manager within fixed income, which grad degree(s) are best? I ask, because I recently found out that fixed income research is more technical than equity re ...

    6 comments - 0 silver bananas - Mar 31 2010 - 12:31am -

  80. Chose the wrong summer internship, what options do I still have for FT recruitment? (credit to equity?)

    My background:-undergrad going into my senior year at a top Canadian business school (think Ivey, Queen's)-fairly average GPA-interested in investing, although deal teams are good too Basic situation: This summer I'm working at a multinational i ...

    5 comments - 0 silver bananas - Jul 2 2015 - 10:49am -

  81. Freshman decision between unpaid search fund internship and paid MM fixed income risk management summer internship

    I'm having a really tough time deciding between continuing with my unpaid search fund internship or pursuing a paid fixed-income risk management internship in LA. The partner I'm working for at my search fund told me I need to think about the lo ...

    4 comments - 1 silver bananas - Mar 16 2018 - 3:07pm -

  82. How can you value a company from a debt standpoint?

    I have a fixed income interview tomorrow and in the first round they asked me something like this. I wasn't entirely sure and I would like to be this time. Valuation fixed income bonds 2nd round interview ...

    5 comments - 0 silver bananas - Feb 27 2014 - 8:34pm -

  83. From DM to EM investment?

    Hi guys, I've spend a few years doing FI investing (junior PM role) at a big AM firm (think PIMCO, BlackRock, GSAM, etc), focusing on low-risk US-only investments, but have recently started to think more about EM debt as it's definitely one of t ...

    5 comments - 0 silver bananas - Jun 16 2013 - 4:11pm -

  84. CreditSights Fixed Income Research

    Hey guys, A friend of mine just got an offer from here for the summer. Does anyone now about the firm and how an internship at this company would help for FT recruiting? Thanks, fixed income ...

    5 comments - 0 silver bananas - Apr 24 2013 - 2:06pm -

  85. Fixed Income Department

    What does the fixed income department actually do and why has it been so unprofitable? Do they just trade bonds? Curious why UBS has to resort to winding down the business and why other banks don't have that problem. I have an interview with a rival ...

    5 comments - 0 silver bananas - Jan 22 2013 - 1:48pm -

  86. Calling all Corp Bond Analysts...

    I have a case study in which I am supposed to provide a credit analysis on a private bond placement. I am given the yield spread as well as all the financial information for tha company in question including all the quantitative analysis (ratios, cash flo ...

    5 comments - 0 silver bananas - Nov 28 2012 - 9:11am -

  87. Most lucrative financial sales sector

    Hello fellow Monkeys, To kick this off, let me begin by mentioning that it took me about 6 months to land my current role. I started off right out of school in financial consulting-- It was easy to get at the time (obvious reasons), with some pretty crazy ...

    5 comments - 0 silver bananas - Aug 23 2012 - 8:02am -

  88. What qualifies as hands on Fixed Income technical skills?

    What are the skills that this position is asking exactly and how do I develop them? fixed income ...

    5 comments - 0 silver bananas - Jan 14 2012 - 5:54pm -

  89. Investment Grade Bonds analyst exit opps

    Hi Monkeys, I can't tell you guys how much I've learned from everyone. I wanted to reach out to see if anyone could prove some suggestion on my career path choice. My background is a postgraduate in HK and now receives one offer from leading ins ...

    3 comments - 2 silver bananas - May 27 2019 - 5:17am -

  90. Decline of Fixed Income Sales and Trading: What it Means?

    Phenomena like this seem to have becoming standard all across the street: "... Bank of America 's investment banking fees of $1.5 billion increased 24% in the first quarter of 2011 from a year earlier. However, the unit revenue saw a $1.8 billio ...

    5 comments - 0 silver bananas - Apr 21 2011 - 8:36am -

  91. Low on summer options what to do advice?

    I am a junior at W.P. Carey School of Business and I am currently low on options for the summer. I interviewed at BB for S &T and I have 2 more BB leads...and 1 strong networked boutique lead. I got rejected from the super-day I had for BB S&T and ...

    5 comments - 0 silver bananas - Feb 24 2011 - 5:00pm -

  92. E-commerce desk?

    Hi all, I have an interview with a BB for fixed income trading e-commerce desk. But I have little idea on what the e-commerce desk is and what are they doing everyday.... Could anyone give me some insightful idea on what exactly it is? Really appeciate fo ...

    5 comments - 0 silver bananas - Nov 16 2010 - 4:27pm -

  93. Leaving ibanking for FI trading at BB?

    I currently am an analyst in a boutique investment bank that offers plenty of great exit opps. However, I recently just received an offer in FI trading at a top-tier BB. I've always leaned towards trading but I accepted the ibanking offer feeling it ...

    5 comments - 0 silver bananas - Feb 23 2010 - 12:46pm -

  94. Muni Trader Interview

    I have a 1st round phone interview tomorrow for an entry level muni bond trader position. I was wondering what kind of questions I might expect outside the standard S&T interview questions, as I'm not quite as familiar with munis as I am with oth ...

    5 comments - 0 silver bananas - Jan 25 2010 - 9:43am -

  95. TOP desk for Sales

    Solely from a compensation point of view, what desks would be the more interesting to work on? Type of product: How would you rank the following? Fixed Income / Equity / Fx / Commos Clients: Also what kind of client is it more profitable to work with? Ins ...

    5 comments - 0 silver bananas - Jul 21 2009 - 6:11am -

  96. Is anyone here a Credit Analyst at a PIMCO-esque shop? IWTL how to properly model corporate debt.

    Bit of context: I'm in fixed income manager research and I've got a decent-ish grasp of the markets but where I want to build knowledge is within individual security analysis (plan is to eventually go buy-side as an analyst) I'm curious as ...

    3 comments - 1 silver bananas - Mar 13 2019 - 9:34pm -

  97. Just In Case You Fell Asleep in Fixed Income

    I hated fixed income in school. In fact I'm pretty sure I fell asleep more than once during a lecture on the effects of roll down on total return and the difference between G and Z spreads. The only G spread I cared about had nothing to do with bonds ...

    4 comments - 0 silver bananas - Sep 21 2012 - 4:45pm -

  98. Fixed Income Strategy Analyst at BB- will this class be useful?

    Hi everyone, college junior who will intern within Fixed Income Strategy (Research) at a BB in 2019. (My team is within markets; not asset management. Please excuse if this is not the right forum for this.) They haven't told me which exact desk I ...

    3 comments - 1 silver bananas - Dec 28 2018 - 1:34pm -

  99. Best Fixed Income Book to Read

    I'm looking for a fixed income book to read over winter break from college. I started studying fixed income this semester and really want to deepen my knowledge in the subject. I'm looking for something that will give me a concise yet thorough u ...

    3 comments - 1 silver bananas - Nov 28 2018 - 1:59pm -

  100. Sophomore Internship Advancement Ops (BB AM vs. FI)

    I'm a sophomore currently in the process of interviewing at a BB in their AM division, and also an AM firm with a pretty prestigious Fixed Income division. Could anyone shed some light on what the different opportunities that would be available for j ...

    4 comments - 0 silver bananas - Dec 15 2014 - 2:03pm -

  101. Any High Yield or Bank/Leverage Loan Traders here?

    I had a few questions about current market and liquidity and wondering whether there are any sell-side traders here who wouldn't mind answering a few macro-type questions. Please PM. Thanks. trading fixed income High Yield Bank Loan Leveraged Loan ...

    4 comments - 0 silver bananas - Dec 12 2014 - 2:49pm -

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