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Summer 2025 SA Role - BB S&T or MM IB
Recently got an IB SA offer from a pretty good MM. I also got a BB offer for Trading and now I don't know what to do. I had been considering/applying to both, I think that I'd like the work in IB more but I also like some of the work they do in trading. Same prorated salaries, similar signing...
Energy trading event
Hi, Through a networking event with my uni I managed to convince the head of trading at a small energy trading shop to let me spend some days at the differents desks in the spring, like a spring insight event. With hopes of being fast-tracked to a summer internship next summer. They have four areas...
Power/Energy trading
Hi, I have had the opportunity to participate in an insight event at an energy trading firm in one of the Nordic countries. They have four areas that I will alternate between. Trading of financial products (electricity futures), Trading of electricity with physical delivery, Data analysis and...
FX Forward Trader please? Contradicting forward point equations question
Hello Monkeys, I have one questions related to calculating the forward. My knowledge: Let us assumer CCY1/CCY2 is 1. If CCY 1 is 5% in interest rate while CCY2 is flat. The 1y forward should be 1(1+0.05)/(1+0.0) = 1.05 and the swap point should be +5 interest rate parity: Forward =...
Repo trading desk
Hi all, I am due to start as an analyst on a repo (aka fixed income financing) trading desk at a BB bank. I am really interested in quantitative stuff (come from a very quantitively orientated STEM undergrad) and macro, so I'm overall happy with the desk. However, I understand that repo is quite a...
thoughts on commodities trading as a career.. have a couple questions
Looking at commodities trading as a future career.. just getting out of college. Have a couple of questions. Does flow trading still have a future or will it likely be replaced by electronic trading? Do you have to be a comp sci/quant to succeed in this career? Do you find the work intellectually...
Trading / Buy-side with Finance and Accounting degree
Hello everyone, I got recently admitted to the Master in Finance and Accounting at Imperial College London. I applied for a different degree there that suits better to my career aspirations in trading and asset management, but they put me into the one with a focus on accounting and corporate...
Investing advice for 20 year old looking to learn?
I got a thousand dollars from my grandmother for Christmas and have been sitting on it, planning to invest it but waiting to pull the trigger until I have a concrete plan. My parents have a Schwab account for me with about 75k that their person manages and I considered just depositing the check, but...
LPG trading
Hello there, do we have any LPG traders here? How much money are you making? Have anyone moved from LPG to LNG or vice-verse? Please drop a few liners here to discuss LPG market.
Energy Trading Career Path
Hi, so I graduated in 2018 and have been working S&T since. I joined a startup that hedged on behalf of different companies (producers, small refiners, PE) and managed everything for the trade, except for wiring the payments and traded with all of the IB/BB/MM companies. I started in back office,...
Hedge Fund vs F100 Corporate Finance FT Offer
Hey WSO Community, I'm facing a tough decision and could use some advice. I secured a full-time offer from a reputable F100 company for their finance rotation program, where I'd have the chance to explore roles in corporate development, capital markets, treasury, FP&A, etc. With recent announcements...
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Why is trading in Europe so localised?
Hello everybody, I am a European and I am looking for trading or quant positions in Europe. I know that in general there are two kind of firms that offer these kind of careers, buy-side(hedge funds/prop shops/HFTs) and sell-side (banks). Buy-side is in general a niche field, thus it is reasonable...
?Move for a Quant Trading role or apply again?
Hi guys, I'm in a bit of a difficult situation and I hope someone here can give some word of advice. I graduated from a good uni last summer and am from London and hold an offer for a Quant Trader job in Amsterdam. The place is ok, good enough to learn and start a career, but not my dream company....
Kai Volatility Advisors
Thinking about applying for a vol trading role at this firm. Anyone heard of it? They're based out of Chicago and trade volatility. https://www.kaivolatility.com/
Why are traders divided into different sectors? Trading is just math...
Why do firms have people specializing in being different types of "traders"? People who are "energy" traders, people who are "commodity" traders and etc. Trading is just math (buy low and sell high) to make a profit. It's all just math. So why does someone "choose" to specialize to be a "metal" or...
Reading list for incoming QR role at top trading firm
Hi, I will be joining a top trading firm for a graduate QR role next summer and was wondering what kind of books/topics are most effective to look into as preparation. Note I have a CS background and it is not decided yet which desk I will be joining (however, the firm is not one of the very...
Crypto Market Manipulation is Overhyped...
Good day; everyone seems (and has seemed for a long time) fairly obsessed with all of the manipulation, crazy wash trading, spoofing, etc in crypto. It's way less prevalent than people think. Goes without saying that you have your everyday pedestrian scammers organizing pump and dumps and using a...
Global Markets Structuring at local bank v.s. Commodity Trading at trading house
hi guys, as what the title suggests, debating between two offers. i've seen people say "choose the industry, not the job/role/etc" and i'm using that as a basis to make the decision. list of considerations to choose between offers: brand name & comp: the commodity trading offer is at one of the big...
Sales guys - what would you make of this?
Earlier in the year, i was speaking to a client on the bloomie group chat based in another region about some quick market questions - where do u see rates bla bla. This client has never done much business with the firm or speaks much, and my teammates who cover him in that region do not have a close...
How did Goldman Sachs commodities head Emerson made $100M in last three years?
I've always been curious to know how is the payout structure/bonuses of traders at IB get? How did Goldman's Emerson earned more than it's CEO? At JPMorgan, the associate level traders have a base pay of $100K+, but I've never found how much bonuses do they get? According to bloomberg's recent news,...
How to Break into Commodities
Hello champs, I'm studying a BBA with major in Finance and minor in Computer Science at a non target school (ICADE) in a non target country (Spain). I'm currently in my penultimate year and I wanted to get into commodities but for what I've found, there are only a few summer internships from the...
Trader Pay at AM/LO?
Just wondering if someone can share some insight around Equity Trader comps at large AMs or LO funds. I’m thinking along lines of Cap Grp, Wellington, FMR/FIL, Amundi, RBC etc etc. HF trader comps take all the spotlight but seems not much out there for the AMs. Thinking of making move from...
Path from Summer Analyst in S&T to Hedge Fund
Hi everyone, I would like to ask for your experience on the paths to work in a Hedge Fund. Next summer I will join a BB as a summer analyst in S&T (think GS/JPM/MS) in London. I'm trying to figure out the best moves to make. Which desks should I be eyeing? What skills or knowledge should I be...
Equity Research analyst IMC Trading vs US Global bank
Dear all, I am currently working at a leading US bank as an equity research associate. I've recently received an offer from a competitor of Optiver which is just setting up their office in the country. Ultimately if I want to move into buy side roles which should i choose ? a) stick to current role...
SIG vs Jump Trading
I have offers from both Jump and SIG and am wondering how these 2 firms compare. Does anyone have any thoughts on one versus the other? E.g. some thoughts on career & comp progression/growth, working environment/culture, etc. Any input would be highly appreciated. Note I am based in Europe and am...
Renewed Interest in Finance Late in Undergrad -- Advice Needed
Hello all, I am currently a junior majoring in quantitative economics with a 4.0 -- basically economics with some advanced stats, graduate level econ, and advanced math. Two years ago, I transferred from a target school to my state's flagship (a non-target) due to personal family reasons that have...
How to position myself for an S&T role from a non-target
Hello chimps, I'm a senior graduating this December majoring in Math and Econ. I'll be concise, so here are the pros and cons of my CV: Pros: - Lots of quantitative classes pertinent to trading (Regression Analysis, Stat. Inference, Financial Engineering, Python) - Taking the CFA Level 1 Feb '24 -...
Why is Sales and Trading less popular than IB?
I am a BBA student at Ross and there seems to be an overwhelming preference towards IB over S and T and I was confused as to why this was the case. Is this a Ross specific thing or am I missing something? Why does everyone seem to be funneled into IB?
How to stand out at networking events?
I've been invited to an invite only networking event at a Bank's HQ to network and learn some more about the firm, from my understanding the invite list is around 20-30 people. What can I do to make myself stand out and improve my chances of success at a graduate role? I have been preparing some...
Optiver Institutional Trader Interview
Has anyone ever interviewed for the Institutional Trader position at Optiver, heard the interview with the desk is largely numerical puzzles rather than the usual probability challenges from these MM/Prop shops. If anyone has any resources for practicing these types of questions or advice for the...
Trading & Shipping technical interview
Hi, does anyone know what kind of questions are usually asked at a technical interview for trading & shipping at firms like Bp, Shell, etc. Also, what resources can I use to prepare. Thank you!
🔥Trading like a sniper---emotion management
When you start trading, there is stress for fear to lose money. however, we can learn to manage the stress by control our breath. Breathing is a unique hybrid to the brain and body. It is simultaneously autonomic and volitional. Due to its autonomic character, you are able to breathe without...
S&T at BB vs. Prop Shop
Is the following is correct and an accurate outline of the industry: First year analyst doing S&T at BB is more stable, lower chance of getting fired (typically), but comes with lower overall comp + salary. Also requires practically no technical skills or prior knowledge with regards to...
USC VS HAAS?
I'm currently a freshmen in a California Community College, I so far have great stats, and if continued, am confident I could be accepted into both of the schools. That being said USC is much more incoming sophomore friendly, while Berkeley only accepts juniors for the most part, I know that the...
How to become a (institutional) trader after age 30?
I'm curious about the path to work as an institutional trader trading on behalf of the big banks, funds, prop funds, etc. Could you use an MBA to pivot into this career field? Are there traders on the institutional side that aren't quantitative? I've seen job postings for traders but a lot of those...
Highest Commodities Trading Comp
Where can you maximize comp for commodities trading? Is it going to be at trading houses, supermajors, banks, hedge funds, or refiners? Could someone rank these in terms of comp - thanks!
Fundamental Trading Internships?
I am a college sophomore and I am very interested in HF/Trading. I am looking to work as a trader/analyst, but I am a finance major so I do not really possess the academic characteristics (or smartness) for quant. However as I scour for internships the majority of these HF internships seem to be...
Corporate Derivatives Trading
I’m starting a role as an equity corporate derivatives trader and am very excited. I’m curious what the ”exit opportunities” are? Thanks
Sucden?
Hi all, Any insights on Sucden Financial, the FX trading team more specifically. Gracias!
Exits for MBS/CMBS/Securitized trader
Obviously staying on the sell-side and being the head of the desk is, in some eyes, the exit. Though, I'm wondering about juniors who learn the products on the sell-side and then go to the buy-side after a few years. Do many hedge funds hire from MBS desks? Is working at a money manager still a good...
Is every single stock market trade done by everyone public information?
Almost like how you can track crypto transactions using a public ledger database. Is every single stock market trade; whether done by big institutions or by poor private individuals documented in a public ledger so everyone can access and see it? Where can you see this aggregate database of every...
Is trading with artificial intelligence (AI) a scam or a reality?
It's evident that most platforms promising earnings through artificial intelligence are scams, such as http://traderinvest.io (which is likely one too). A question from a newcomer in this field: purely in theory, are there any reputable platforms that can help make money using artificial...
Trading licenses for multi strat PM
As a PM or sub PM at a hedge fund in the UK who would be trading equity index futures, maybe some listed equity index options and some OTC derivatives and executing all trades himself, do you need any trading licenses? I suppose you need to be registered with the FCA, but do you also need to pass...
Do You Need to be the Second Coming of Jesus Christ to be a Quant Trader?
The short answer is yes. Background, there are plenty of jobs in the Quant Trading Realm. This is because banks, MM, and prop shops plan to give about anyone or every one the chance to interview in hopes of finding the .001%. While Quant Trading is in the Finance Realm, they are against hiring those...
Great & Successful Traders
Which traders do you know who have successfully built up a fortune or their own fund through trading? I'm not talking about Warren Buffet, Ray Dalio or Kenneth Griffin, but rather about people who became successful with a strong track record through their own analyses and trades. I'm tired of the...
Where to learn trading & to build a good track record for a HF
I am wondering where and how to learn professional trading with the goal of having a strong track record, being seen by investors as an emerging talent, and working as a trader at a HF or setting up your own. Additionally I want to use this knowledge for my own asset and wealth management structure....
Quant Derivatives Trading
I'm currently in a rotational program doing equities derivatives trading with a quantitative focus at a bank (one of Big 3). I was wondering what career trajectories and overall outlook/exit opportunities might look for these different product types within derivatives: 1. Index/Variance/Vol Trading...
XM pros and cons
XM is a trading platform that offers online trading services in various financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. Here are some aspects to consider regarding XM trading: Pros of XM Trading: Regulated and reputable: XM is operated by Trading Point...
2024 Bank of America Quantitative Analyst (Global Risk) legitimacy, exit ops, pay, etc.
Got an offer for a Quantitative Analyst in Risk but am not quite sure what the job entails. Mainly want to know what the salaries are like for the entry level QMAP program in NY, what type of work is actually done, and the exit ops for something like this. Is this an internship worth holding onto or...
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