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Ambitious Japanese Boy
Hi, I'm an ambitious japanese boy in Tokyo, currently in a third year of top private university in Tokyo. I want get some advises on my career path to be a partner of BBs or Private Equity for NYC or LDN in th future. For my options I have 1) Sales in JPM or CS 2) IBD in BofA, 3) Point72 academy...
Current Sales Analyst in a BB, but plans to go to a prop shop as a trader
Hi Fellow Monkeys, Pretty stressed and confused right now so any advice is appreciated! I am currently a first-year sales analyst at a BB (GS/MS/JP, return offer) in APAC areas (HK/SG). But sales is not my first choice, assigned to this role because of department restructuring sort of staff....
IBD desks most similar to S&T
I have landed a summer internship at a BB in IBD, and was wondering which IBD teams are most similar to S&T, as that is my ideal job. For now have heard that ECM and DCM are the closest, but want to hear more thoughts on this.
Goldman Sachs Principal Funding & Investments (PFI) Group
Can someone provide a little more info on this group? Is it a part of SSG (Special Situations Group) or in some way related to merchant banking? What does a trader in PFI do? There seems to be little info out there
Credit Suisse S&T 2022 SA
Haven't seen a thread for CS 2022 S&T yet so thought I'd start one here. Drop any questions or answers below.
S&T Global Mobility
Hi, I am a recent graduate who has been working for a year. I always want to do Sales and Trading. I had internship in Sales and Trading but for some reason I was not able to break in with a full time offer immediately. Now I have a very good opportunity to be back on the trading floor. I want to...
Considering quitting sales&trading
I am currently in a tough situation, and I am sure many of you guys went through it so I hope to get some advice and hear opinions. I've been in my fx sales role for about 6 months, and during this time I constantly felt stressed out and even got fear of the job itself, was told I am slow (speed is...
Energy trading at top BB - good place to be?
Hi everyone, I'm currently going through the placement process for a S&T SA program at a top BB. I'm really interested in Energy Derivatives desk due to the fact the product is very macro, I vibe'd well with the team and that they are super lean ( lots of associates, few vps) so that could be good...
Retail trading and its implications on professional trading?
WSB and GME are everywhere right now. Retail trading accounted for 20%+ of market activity in 2020. For comparison, in 2019, retail trading accounted for only about 10% of market activity. Market makers, prop shops, and exchanges are all excited about this influx of activity because there is more...
Traders vs. Quants: Is the Gap Closing?
Seems like, after talking with lots of folks around S&T and Quant divisions, that Traders and Quants are converging towards a single role. A lot of BBs now allow S&T Interns to rotate on Quant desks, and vice versa. Also seems like coding and modeling is an advantageous skill for traders. Do you...
Gathering information before market and for research
People from sales & trading how do you gather information or generate investment ideas for client pitches? Do you rely on the news or is it usually in-house research calls or is it a healthy mix of both?
Strategist to Trading?
Hi All, I'm a strategist at a research/advisory shop specializing in Macro and FX (but I don't typically publish specific trade ideas). I have a two-part question: 1) Would you all agree that if I want to move into an analyst / junior pm role at a macro fund, it would make sense to get some...
Morgan Stanley SA 2021 Hirevue
I just have one question about the application process for MS SA 2021 for S&T division. Does Morgan Stanley requires all applicants to do their hirevue interview? Or do they screen out some applications before they request a hirevue interview? I was heard that they require all applicants to do it...
Feedback on Backtest Results
Hey Fellow Monkeys, I developed a new strategy recently and hired a software engineer to put it into code and I just got some preliminary results I was hoping you all could help me interpret. Please bear in mind this strategy is designed to trade commodity futures as one of the biggest edges to this...
Q&A: Sales & Trading to Big Tech
I've been asked by friends in finance about breaking into tech numerous times over the past year, so thought I'd do a Q&A to share more about the experience, do comparisons, and answer any questions that you might have Brief background: - Bachelor's in Accountancy - Started in Hong Kong on Trading...
IS IB even the move anymore?
I will be as honest as I can and will love hate or advice regardless what it is. I transferred to a target school a year ago as a junior, if you look at my post history it will explain everything. And after being there for a year I've slowly re-evaluated everything. IB was the most promising career...
[HELP REQUEST] How to prepare for the markets for S&T Interview?
Hi, Questions: How would you go about "following the markets" for S&T / trading internships ? S&T interviewers, what do you ask and what are you looking for in the markets portion of an interview? Also please critique my preparation methods: 1) Prepare for the classics * cheat sheet table of indices...
Rising Junior Seeking Help/Advice/Mentorship - How to Prepare for 2021 SA?
Hi all, I'm a rising junior and am currently applying to 2021 SA programs in S&T . This summer I do not have a real internship so I have doubled down on coding and following the markets everyday and formulating my thoughts on the macro picture. I got rejected from Citi back in late April so have...
Q&A: The Future/Current State of S&T - BB VP Macro Trader
I feel like I've been answering a lot of questions regarding the state of S&T going forward as well as what a S&T trader does (and trading in general) so I figured it might be helpful to do Q&A. I remember as a freshman in college I used this site extensively to help me eventually land my...
International Students - Sponsoring Banks SA 2021 Cycle
Hi fellow F-1 Visa students . Can we get a list of banks that won't even take a look at our resume for this SA 2021 cycle going? This topic has come up in the past but now with the new Exec Order the list just grows longer so it's ripe for an update. Personal experience: JPM , William Blair : this...
J.P. Morgan Markets (Sales, Trading, Orig.+Structuring) Summer Analyst 2021 Question
Hi guys. I am interested in getting exposure to Sales and Trading in my Summer 2021 role. Apps just came out few days ago....Should I apply to all 3 of these "Market" roles? Are JPM 's programs rotational? Like would I be able to try out both a sales desk and a trading desk (i.e. like a traditional...
This site has become so pessimistic
I have frequented this site for years and come to realize that many of the members are very pessimistic on the future of Wall Street. Obviously most members are obsessed with IB and PE and I agree that those are probably the most stable places to be long term, but what about other areas of finance?...
Best Post-MBA Markets Job
As the title says I am a MBA candidate and love the markets. What is the best role post-mba that involves the markets? Is it ER , S&t or possibly capital markets? I am interning in IB if that matters.
Morgan Stanley 2021 SA HireVue for Fixed Income/IED S&T or Prime Brokerage
Hi guys/gals. Anyone who did the HireVue for Morgan Stanley 2021 SA S&T in either FI /IED S&T or PBCS yet? If so, would you mind sharing the questions? It almost seems eerie that I can easily find IB questions in the most 3 recent years - which appears to be unchanged - without even a single post...
IB vs S&T in 2020
Been set on IB for a little while now, but have had great convos with people in S&T and it sounds more interesting (esp for a math/econ major) and obviously the hours are better. Is S&T still a good career path for the future? Are there any exit-ops besides hedge-funds? Do people ever jump from S&T...
Market Risk at Commercial Bank VS Ops Risk at MM
Hi folks, I am choosing two spring part-time internships and will need to make a decision in a few days since both roles are starting soon anyway. Any feedback would be appreciated. Offer 1: Market Risk role at a large regional commercial bank. However, it is non-traded and I'll be working mostly on...
Recruiting for S&t and IB hurt my odds?
I am in my first year of the mba and recruiting for IB . While IB is my target, I was thinking of applying for S&t as well at the few firms that hire out of mba . My question is, will applying for both roles hurt my chances?
Concerned about 2020 Summer Analyst Recruiting - 2.7 GPA, Non-Target
Hello, I have a 2.7 GPA at a non-target school, and am a sophomore. I am heading into a BB PWM internship for this summer, and I am concerned I will be completely blown off by firms when applying for Summer Analyst 2020 positions due to my low GPA and unimpressive university. I have an explanation...
Q&A: BB Flow rates trader
Hi, I feel like WSO was an invaluable resource to me when I was a bit younger, and I'd like to give something back. I thought I would do a Q&A from a flow rates trader's perspective. The industry is probably a bit different than it was even 5 years ago and it might help to have a refreshed view on...
Macquarie CGM
I’m curious if anyone knows which teams and desks within Macquarie’s Commodities and Global Merkets group are performing well right now. Or if anyone has any recommendations for someone with an upcoming rotational internship on which functions/teams to request. Thank you!
Seeking advice - S&T intern in Derivatives and FX
I am an incoming intern in S&T and I would like to know if there some golden educational materials could be shared with me and possibly other interns who will have a similar role as mine in the future. Nothing too complicated, just the basics as I am only halfway through my bachelors. This post is...
Barclays vs Citi vs RBC S&T
Want to know the pros and cons of S&T at any of those places assuming I don't know specifically where I want to go into (FICC, Equities, etc)
Morgan Stanley HK vs UBS London Sales and Trading Summer Analyst
I have received an offer from UBS and a superday invitation from Morgan Stanley. I am quite unsure whether I should go to the superday (given the long journey to Hongkong) The UBS S&T internship allows you to rotate across different desks and it is located in London. On the other hand, the full name...
1 year after graduation, need life and banking advice
I graduated from a target last year (2017) with a 3.7 GPA + and interned in a real estate banking group at a top BB in my junior to senior summer. I did not get a return offer and couldn't nail down a full time banking gig. To be honest i didn't have my technicals. I ended up getting a MO/ BO role...
AM Sales to S&T?
I’m curious how possible this move is. I have 2 years of AM Sales and would love to jump to a sales desk in almost any product but preferably FICC. Does this jump seem doable without business school?
Belvedere Trading Hirevue?? technical ?'s
What's up WSO . I got an invite for a 20-25 minute technical hirevue for a Junior Trader Trainee Intern, what type of questions should I expect? I'm assuming a few "why xyz firm," but what type of technicals and mental math should I expect? Are the questions presented and it records me doing the...
Q&A: From non-target to BB S&T internship to jobless after graduation to HF to unemployed...but happy.
I am using a throw-away account for this post. I have been meaning to do a post to tell my story for a couple of years now, and finally am following through with it. It is my hope that fellow students and analysts will gain some insight and perspective from my experience. Background: I had always...
Internal Wholesaler to S&T
I am currently an internal wholesaler and wasn't to get into sales in S&T . Has anyone ever seen this done? or would I need an MBA to make the jump?
Top 20 B Schools who care less about GMAT
I plan on applying to schools where my GMAT fits in the 80th percentile range. I know schools like NYU and Wharton stress a high gmat but curious what top 20 schools are more lenient on GMAT.
Switching from Equity to FICC and vice-versa!
Hey all, I was wondering how often can a person switch from Equity to FICC in S&T-and vice-versa? Or are you stuck in one area and you just have to switch to different roles? Any input would be appreciated! Thanks!
What song(s) went through your head as you received notice of your offer?
Hi all. Simple and sweet. New York New York? Mozart's Laudate Dominum? What songs went through your head as you received the good news? I remember Frank Sinatra's "Bewitched" came to my mind as I hung up the phone and smiled. Let's hear yours.. Torero
help me with your advice!
I am studying in Hong Kong and my expected graduation Gpa is 3.1/4.3 (second up honor:>2.85, first honor:>3.45) My Gpa is too low to get any investment bank internship or grad job offer. I am now considering to work for one year and then apply for Northwestern University /IE university Master of...
capital cost of stating a trading desk
Hey Monkeys, Hope everyone is enjoying the holiday season. I am curious as to the expenses a bank incurs to start a desk. I guess an example of what I am looking for is something like this: cash equities desk: flow trading initial set up cost for 3 trader operation + sales + ops = $5 million total...
Sales & Trading Interview Guide - Gekko's Guidance Part 2
In Part 2 of Gekko’s Guidance, I’m going to cover S&T interview prep (also can be used for Research). Part 1 of Gekko’s Guidance . This guide is meant to cover all the “How do I prepare for XXX interview in XXX product group”. The simple truth is that 99% of preparation is the same,...
CIBC World Markets vs TD Securities S&T intern offers
Hello guys, I have a dilemma right now. I have been offered both summer internships at CIBC and TD in sales & trading. I know it's a good dilemma to have, but I just want to make sure to take the best decision. The first one is in Montreal and is solely in sales, but I would touch every desks while...
BB Commercial Banking internship vs Sales & Trading (in NY) at an international firm with a small US presence
Hello. I have two outstanding offers for internships and am conflicted on which position to take. I am coming from a semi target and could not get an IB internship at a BB so I casted a wide net. I now have these two exploding offers. Both would not be traditional routes to PE , and I understand...
Is a S&T internship at JPM relevant to IB?
I'm doing an internship with the M&A arm of a Big 4 company. Ideally, I would want to work IBD at a BB bank. JPM has a S&T internship (not closed in my region yet) and I'm planning to submit the application but not sure how this will help me move to IBD . On the other hand, I could do a SA stint...
Interview for Evercore S&T ER Sales Summer analyst 2018 Please Help
I just got a interview for Evercore ISI equity research sales, can someone shed some light on it. What should I expect at the interview?
Does my S&T offer fit into my end goal?
Hi guys, I have an offer in S&T from a BB but I am skeptical in taking it. Here's why: As I have just graduated, I believe that in this point of time I should be focussing on skills development/opening doors rather than salary, as this will come eventually with the former. I have an engineering...
2017 S&T bonuses
Let's share bonus numbers you've heard on the street. Please list bank, level, and bonus figure (in USD). wall street sales and trading bonuses 2017 Mod Note: You can find the Ib and ER bonuses forms below. IB Bonuses ER Bonuses The following are some highlighted examples of compensation from the...
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