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How Do the Pros Go Long?
OK, so you've done your homework and you know AT&T is going to pop 10% over the next week. I know that the magnitude and timing of the increase will dictate your strategy here so just go with this assumption. I'm on the sell side, so haven't had much exposure to this. How do the pros go long? I...
Poker Player - Trading Novice
I graduated in May 2009 w/ an engineering degree, and since then I've been playing online poker professionally for about a year while I've been figuring things out. In 2009, I made a shade over $100k in cash games in ~700 hours of play. I am beginning my job search and I am very interested in...
Credit Portfolio Trading. How is it?
I am going to be an SA at a big bank this summer. I just learned I am going to be at the credit portfolio trading desk... To be honest, I don't really know anything about that desk.. How is it comparing to a normal rates, FX, or commodities desk? If this desk is mainly trading or hedging the bank's...
Trillium Trading Salary
I know this is a hotly debated topic, but I'd like to ask a very specific question to see if we can nail down an answer. Also, when you post, can you please provide your source of information (e.g., first-hand experience, know a friend that works for them, etc.). The question is: What is the base...
Optiver/Tibra vs BB Mental Maths test
Was just wondering if someone could shed some light on this. For BB 's you hardly get tested on your mental math, maybe a couple 49x49 or 78x62 but thats it. Whereas for Optiver or Tibra they make you take one of those 80 questions in 8 minutes test with a high passing mark. The thing is, Optiver...
S&T Associate Promotion
Is it typical for top S&T analysts at BB firms to be promoted to associate after their second year or to do a third year and then get promoted?
Honest chances for S&T internship (I have read everything! Please advise)
Hey there everyone, First of all, let me say this is a fantastic site to stumble across. Even just scrolling through forum topics, there is a "oasis" of information that you'd never think of asking about in the first place...thanks to everyone who is actively involved. Anyways, I did a year at the...
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?
Preparation for Metals trading analyst
Hi everyone, Ive been a reader of this website for a while, and would like to offer a thanks for all the useful advice. Ive managed to get an SA role as a trading analyst on the metals desk at a BB , would like to know what preparation i would need to do before I start. Thanks
Working in San Francisco
Post college, I would really like to work in SF. Let's face it, CA>>>>>> NYC . My only concern is that the exposure to and quality of groups in SF are not as good as NYC , and as a result it may be a hindrance to my career. Are these fears justified? Please focus answers on trading. I understand...
Sim Account for Trading
hey chings, i am wondering if any of you know where i can get free Trading pathform?
Equity Research vs. Market Making - Best Route To Trading / Managing Money?
The title says it all - I met a contact and he could get me into equity research or trading (market making), both for BB 's. It has always been my dream to trade on the buy-side for a living so either one of these could be a good start. I feel that my personality is much better suited towards...
Best Trading Desks at Morgan Stanley?
What are the best trading desks at Morgan Stanley
Gaming the System – The Foundation of the U.S. Economy
The status quo not just incentivizes gaming the system, it has made it the primary way to get ahead in today's economy. Gaming the system is not just encouraged--it has become the foundation of the U.S. economy. Without it, the status quo will implode. Goldman Sachs gamed the system to package...
Consulting to trading
Hello, I'm a first year consultant at a large consulting firm (BCG, McKinsey, Bain,...) in Belgium. I have a masters degree in mathematical engineering, and i was wondering what my chances are to get into trading at a BB bank?
Baller trading groups at GS/MS
What are the likely most baller trading groups right now at Goldman and Morgan - in both equities and fixed income (but particularly in equities)? Baller meaning 1) most sought after skill-set to start fund/etc, 2) best opportunity to start a fund, 3) best exit opportunities into buy-side, or 4)...
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 a dumb question but i just wanted to have...
Best Trading Groups & Is this better in the long run than L/S equity stock picking as career?
This is a very broad question for someone just starting out: What trading groups on the street in the BB have the widest exit ops / most highly sought after/highest paying skill set down the road? In fixed income? In equities? (derivatives/options?) And just to compare this to the large long short...
Trillium Trading - Average trader salary?
I have an interview at Trillium coming up. Does anyone know what kind of questions to expect? Does anyone know how much the average trader makes (including bonus, I understand everyone is paid $25k salary) as both a first year and then a few years down the line? Thanks for any and all information...
Equity trading lingo
If someone says - "I'm 2 ways, 5million up on Citi " - what does this mean? I get the 2 ways part (there is a buyer and seller)... but what about 5m up?
Generally speaking, what do people pick?
Just out of curiosity, typically for S&T at a BB are people more interested in Sales or Trading or does it depend? I guess what I'm asking is ...is there a clear consensus or more evenly divided? Do girls typically go to sales? I heard that somewhere, just wanted to ask for opinions.
Goldman Sachs Research Vs Deutsche Bank's Global Markets
Hi Friends, I need a little career advice from you. Right now I have two entry level offers (Senior Analyst, as I have 1.8 yrs work-ex) from two investment banks out of which I have to choose one immediately: 1. Goldman Sachs: Role: Support New York based Options Research team (Part of Global...
Internship- MM Sales and Trading vs. BB Private Banking???
I am currently a junior undergraduate student at a Big Ten University in the Midwest and have received internship offers in two different areas of investment banking. One is for a bulge bracket firm in Private Client Services, and another from a middle-market bank in Fixed Income Sales and Trading....
Fixed Income: Trader to Financial Analyst or Portfolio Manager
I'm just curious how easy it is to move from trading into financial analysis or portfolio management (in fixed income)? If someone spends the first few years of their career in the FI trading department, can they generally move to FI analysis/research or portfolio management? If so, do they...
Trading to IB? Any transferable skills at all?
I was wondering if there are any transferable skills from an internship on a financial derivatives desk to investment banking? It would be nice to know what type of things to focus on this summer during a trading internship in order to develop a skill set relevant to banking also. Thanks a lot
Advice... Please give your input
Hey guys. So my bud is a Michigan grad with a double major in Finance and Econ, 3.5, UBS and Merrill Lynch experience (not IBD). He graduated in May 09. He's a die hard trader and wants to get in. What's the best bet? Go for CFA? Whats the best way to get into a firm where he can be on a desk? Get a...
What to expect this summer? Advice?
I am currently a freshman and recently obtained an internship within a financial derivatives department similar to a prop derivatives trading desk at a firm in China. What I was told is that this department does some data analysis, quantitative modeling, testing and executing trading strategies- not...
Carbon analyst with non-finance background interviewing for trading gig.
Any advice is helpful. I'm a carbon analyst that prices closing bi-lateral trades for the voluntary US carbon market and the compliant EU ETS. I have a degree in journalism and a minor in finance. I'm making the transition to trading and IB aspects of origination & commercialization of environment,...
Too late for an internship???
I am a Junior in college going to be a senior next year. Is it too late to get an internship?? I know majority of the recruiting is all done, but does anyone have any advice or ideas? I just returned from studying abroad and am behind in getting an internship for the summer.
NFL Trades
This is a trade, just not the kind some of us do: Not sure I get the logic on the possible McNabb trade, someone please explain: -How is it a good deal for an unproven college player (first round draft pick) to be traded for a guy like Donovan McNabb? Obviously there is a piece to the equation ($,...
Trading desk internship doubts
I am going to intern at the trading desk of a BB next month.. some doubts .. 1. I already have some trading experience already.. now How do i need to approach the internship?? should I start "showing off " from day one.. will it help me? or should make it up as if I am on a steep learning curve.. 2....
Quant Skills in S&T vs. IBD?
I want to know the level of quantitative skills needed for a career in Investment Banking vs. S&T . I've only taken introductory finance and accounting classes, and I haven't focused much on quant skills, with my Economics (mostly qualitative) and Rhetoric degrees. In that vein, what classes/ books...
Deciding Between Sales and Trading....
So I've accepted a SA offer from a top BB firm for their sales and trading position, and soon I will need to send my position preferences to them (they're using my feedback, combined with interviewer feedback to place me between the two functions). Problem is, I'm having trouble deciding between...
How beneficial is CFA® for traders?
Consensus seems to be that the CFA is not a substitute for an MBA and that it's pretty useless for bankers. I would like to hear people's thoughts on the value of a CFA for traders. If you work at a small fund and want to move into S&T at a BB or a better hedge fund, will a CFA be of any help? Or is...
Any chance from city schools
So let me cut to the point, I have a high GPA(3.9) from New York school(think St. John's) and my only relevant finance experience is my internship with the SEC and being part of my school's student managed investment fund . What are possible ways to get into trading this late into the year? I will...
Execution trading at a top hedge fund
How tough is it to get a job as an execution trader at a top hedge fund? I'm sure it's not as selective as becoming a portfolio manager or a trader with your own book. I recently came across a linkedin profile of a guy who used to work as a floor trader at the CBOT before becoming an execution...
GS Prop Interview yet no rotational
So basically had a final round for GS securities SA almost 4 weeks ago now for LND. 2 weeks after the final round, I get a call that they want me to interview with one of GS prop desks (and this would be on top of the regular rotational program), that was about a week ago. However, I still haven't...
Long Term Career Advice: Going Independent and living overseas?
(If you read the elitetrader forums, I've posted a similar discussion there..) Although I'm trading for a hedge fund at the moment, my long term career goal is to go independent and trade my own capital once I've saved my salaires from over the years and gained valuable experience. I enjoy Finance...
MSc from LSE?
I'm a recent graduate interested in a career in trading. I graduated last year with a BBA in finance from a top 5 undergrad. b-school in the US (along the lines of UVA or Notre Dame), and have been travelling/working temporary jobs since. My GPA was around a 3.7 and I have always been very...
Which path for MSc Finance
I am looking at two different paths for my final year of university Some background: Economics at UK university (non target), in second year of three SA offer at BB in S&T (London) 0 (think BOA/UBS/Citi/BRC) - ultimate goal is to be in S&T The two paths are: a) pursue a term time unpaid internship...
Sports Arbitrage Betting
Anyone involved in sports arbitrage betting? What are your thoughts on it... Seems pretty easy to make $ just done a little reading..I definitely want to pick up a few books before getting involved. Any comments appreciated
Anyone need resume critic?
Hello Everyone, I've done very well in terms of landing interviews this year (Practically every OCR that I applied for) and a total of 15ish first round interviews. I recently landed a S&T SA at a BB so now that I have more free time on my hands and less stress, I'll be more than happy to help look...
S&T in Hong Kong (aussie) - Directly hired into HK
I am an Australian citizen who wants to start (and keep) his trading career in HK . How do I achieve this? How hard is it to get directly hired into HK? Is doing a year in Sydney then pushing for an internal transfer a realistic strategy? If so, is it really nessary to do a year? Can I start pushing...
looking for education/career advice
Hello everyone I am 21 years old and currently in my junior year of college, earning a bachelors in Finance. I go to a University in the CSU system (California State University) so my school is not going to open any doors for me. I currently have a GPA of 3.5. I did a year long internship with...
What are the trending and dying professions?
What sectors will see a higher demand for employees and vice versa over the next ten years? For example, many have been speculating that traders are a thing of the past due to a higher amount of automation and high-frequency trading. What is going to be the "hot" area of the next decade and what...
Doing a MS but maybe won't graduate
Hi there, I have already a MS in computer science. Now I am doing a MS in Quantitative finance. Unfortunately, because of personal big personal problems, I think I will not graduate from this MS... I still have some exams but I have so many things to manage besides that I am almost sure I won't do...
How did you guys do when you first started trading?
How did you guys do when you first started trading ? *i meant when you started trading your own money, probably not the right section but anyways...
Battle of The Online Brokerages !!!!
So this is just a forum to help decide which online broker is the best, i've done some research have personally decided TradeKing is the way to go, but I'm looking for some insight into your opinions and your reasons, any horror stories? amazing successes? which ones offer the best software and...
Stock Market Now?
What do you guys think of the stock market currently? I have some money invested and I'm up about 5% since September. Wondering if I should cash out now before another dip? Any interesting thoughts or articles? If anyone else invests, what names/positions do you have?
Are BB trading desks hiring?
Aside from the obvious campus recruiting at undergrad and MBA schools, are BB trading desks hiring people who've been out of school and have a few years of work experience? I've heard very different opinions on this. It would be helpful to hear from people who work as traders at BB banks.
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