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Going back to school after wall street internship
What was the experience like for you guys going back to college after 80+ hour weeks all summer?
BB Sales and Trading
I just started a job as a credit trader at a middle market investment bank. Solid name, but not bb . It is quite clear how much the job has changed from the last 5 years just from my understanding of this. I am curious though.. This sales and trading is a lot of fun, but since there is so little...
Why Inflation is important in an economy
Wondering if someone can explain why inflation is important in an economy. I know in the US, we have a target rate of 2% and in Canada they have a target range between 1-3%, with the ideal being 2%... but my question is... why do you even need inflation? What purpose does it serve in the economy....
First day / First week etiquette
Hi All, Hope you're doing great! I started my Associate Sales (fixed income) position in S&T today. I wanted to find out from you guys what you think are proper first day / first-week etiquettes. For example, today I tried to go around to introduce myself to the Sales (of course since I work in this...
Will the next Banking Purge be in 2016-2017?
I've been noticing that a lot of the banks have been mentioned in the press for their plans to cut jobs in several different FO groups. Will there be another bear market and banking purge akin to 2008 soon?
Canadian ALM Trading Intern - Advice?
Hi, I'm currently interning on an ALM desk with one of the big five Canadian banks. My desk consists of traders managing a fixed income portfolio for liquidity management, BASEL III HQLA compliance, issuance, and cash management. I'd say there's a 60-40 split between focus on pnl and focus on the...
Senior Year S&T Regional Boutique Internship - Then What?
I'm a recent grad with a Sales and Trading internship lined up. My first two summers in college, I worked at a Fortune 500 company (in marketing), but the company itself was in financial services. Additionally, I spent a quarter at a BB in PWM and have done an internship with a small private equity...
Trader Dates a Banker
What is the life like when a banker dates a trader?
Corporate Sales vs Investor Sales
Hi Monkeys Is Corporate Sales more preferred than Investor Sales, vice versa or both are pretty much equal wrt to exit opps, comp, etc? Thanks so much.
Do people make the switch to consulting from Sales and Trading?
There's often stories floating around of people looking to do, or having done, the move from finance to consulting. But it always seems to be from IBD . It's understandable that this would be more common due to more relevant transferable skills, but I never seem to see any stories about people...
Preparing for Sales and Trading
This coming summer I was fortunate enough to land an S&T summer internship. I was wondering, from your experience, what would be the best way to prepare for internship? Are there specific books that I should read? Being a physics and economics major, should I start reading books about finance? Due...
Imperial Capital LLC Internship interview
Hello! I have an interview with Imperial Capital LLC's rotational program with S&T and institutional research. I am just curious what to expect. I cannot find much online and I don't know if I should email the recruiter or not asking if I should prepare a stock pitch. I am being interviewed with 4...
Scotiabank S&T 2/22/16 Super Day. Anyone hear back?
Like the title says, did anyone hear back from Scotiabank ? Sales and trading superday yesterday, 2/22/16 at their office. Rejections or acceptances?
Paulson Investment Co?
So I have an interview coming up with a small boutique out of Portland Oregon called Paulson Investment Company. The job is called "Sales Associate - Private Equity," and I can't seem to find any good information on this firm online on Glassdoor or here on WSO . Anyone heard of Paulson Investment...
League Tables/Rankings for Fixed Income, Commodities and Currencies
Wondering if there's anything that ranks FICC divisions by profitability with further breakdowns on business areas - I guess something like IBD Thomson Reuters League Tables for the trading world?
Corp Fin Interview without a Bachelors
I'm sure this topic has been beat to death around here but it came up at lunch the other day. My friend sat in on a few interviews for an analyst position and he said most of them were younger guys from top schools with an internship or two but one guy stuck out. He was around 27, looked...
What does it mean to work on a "desk"
Often times at the business school here at my university, students say they worked at a _______ desk. I've heard things like interest rate options, fixed income sales and even stuff like equities. What does it mean to be a "trader" on these desks? On a side note, if you work on an equities desk,...
Poor GPA- How can I Pass Resume Screens
Hey All, Whats the best way for me to present my GPA so I can get passed resume screens? I currently have a 3.41 GPA (5 Semesters). This is due to my Freshman year GPA being a 2.70 (2 semesters). My GPA from Sophomore Year and after is 3.78 (3 semesters). I know that a 3.4 GPA isn't terrible, but it...
Sales and Trading Sophomore Program Interview Help!
Hey guys! I am sophomore at a non-target school majoring in Physics and Economics. I have an interview with a BB for the sophomore sales and trading summer program . The only previous experience I've had is that I interned for a real estate brokerage firm last summer. With that, this is going to be...
BB Sales and Trading vs. Real Estate Advisory
WSO , I have an offer from S&T at a BB (JP, GS ,MS) and I have an offer from Real Estate Advisory (PwC, Deloitte) Which one is better if I want to do IBD or Consulting full time. These internships are for my Junior year. The S&T gig is in NYC , while the Consulting gig is in Boston. Can anyone help...
BAML Sales and Trading Superday
Just had superday in NY on November 3rd for Bank of America Sales and Trading. Has anyone heard back yet?
Should I add this to my Sales and Trading SA Resume
Hello fellow monkeys! I haven't posted a forum topic in a few years...mostly because I've been to reluctant to share any of my interests but over that period the site has grown substantially. I'm very impressed with the quality of responses and how helpful people are at WSO given that most users...
choosing a firm
Sophomore from a non-target school - given an internship offer from both GS Securities Division, JP Morgan Sales and Trading Division. Both offers are rotational. (Also have an interview with BofA ML Global Banking & Markets) Looking primarily to work on the sales-side, currently not that...
Citi Commodities
Anyone have any info on Citi commodities? They do OCR at my school and a lot of people I know have accepted offers from their commodity S&T desk in Houston. What is their reputation? Is their commodity desk a dying business like at most other firms? Or are they one of the few strong players left...
Webinar Rewind - A Look Across Industries - IB, S&T, AM or MBA vs. CFA?...which is right for you? + Q&A
In case you missed our October 14th webinar entitled A Look Across Industries - IB, S&T, AM or MBA vs. CFA® ?...which is right for you? , have no fear. The full recording of the webinar can be found below (free until Tuesday eve when it goes into our video library ). The powerpoint slides on this...
Questions about a Career in Trading
I'm a rising junior at an IB target school but I don't think banking is for me. I am looking at Trading because of the lifestyle, and since compensation is pretty similar to banking. Luckily, I landed an internship at a very small trading desk this summer. I've learned a lot about corporate bonds...
Derivatives Sales Support Analyst > > Derivatives Sales
Hi All, was just wondering if a derivatives support analyst is the same as a sales analyst with the career progression of eventually being given a book of clients after a certain period of time, or if it was an actual career. Any help would be appreciated. Thanks
Grad School for Trading from Big 5 Canadian Bank
I'm a fixed income trader at a big 5 canadian bank (1 year rotating, then 1.5 years on my current desk trading). It's always been a goal of mine to do some sort of grad school for personal reasons, but ideally it'd be something that would help advance my career as well. I'm pretty happy now but I...
Columbia SIPA MPA or Cambridge MFin?
Hi guys! I recently received offer from both program, but hope to hear some advises before I make a decision. My goal is to get into a BB Bank F/O right after graduation. My background: Asian 2 yrs working experience in industry, finance position have experiences on IPOs and Debt Offerings No...
Possible to break in to trading with no prior/relevant experience?
I live in Chicago and I'm curious if this is possible. 2+ years in FP&A type roles. If so, what type of comps would I be able to get in to and what could I expect to earn? I know Chicago is pretty good for this market... Please PM me if you have insight.
Barclays/RBC/JPM Summer Offers
Received offers for S&T at Barclays and RBC Capital Markets in NYC . Received a private banking offer from JP Morgan. Interested in hearing perspectives on each of these firms and their respective divisions. Much appreciated.
How does a recent grad with an unconventional background get into IB or S&T?
A little about me, I spent the last few years working as a commercial model (not waitress/etc, actual, legitimate modeling) to put myself through a fairly well-known business school, got my undergraduate last year, realized how questionable my job history looked and decided to take the December 2014...
Fixed Income S&T versus WM Analyst in New York
Hello world, I am a junior at a non-target school and am having trouble deciding where to intern this summer. I have an offer from a boutique Fixed Income Sales and Trading firm, and am waiting to hear back from final round interviews at Morgan Stanley and J.P. Morgan in their wealth management SA...
Super days for S&T positions
Are super days for S&T positions are BBs basically all over? If I don't have any first round interviews/ super days, am I kind of screwed at this point? Thanks
JP Morgan Investor Services
Hi I was wondering if someone could speak about investor services in terms of the actual work, career trajectory, compensation, prestige, etc. basically anything I should know. Having talked to someone who works in the division, it's not what I expected. It seems like a mix of investment banking...
Sales and Trading Best Desks
Hey Guys, Pretty standard thread... Incoming summer analyst at BB and am wondering the best desks, specifically for trading . I am aware that the answers may depend bank to bank, but I am specifically interested in trading and eventually moving to the buy-side. Generally speaking, what are the best...
Private Wealth Management or Sales and Trading - Goldman Sachs
I am looking for some advice regarding a career path choice. I am interested in both S&T and PWM . If anybody has any experience, knowledge, or opinions on the 2 different paths, I would greatly appreciate any advice. I have heard that S&T is becoming a smaller and smaller field due to increases in...
How exactly traders “provide liquidity” in the markets
I am reading “How the Trading Floor Really Works” by Terri Duhon and my question is in regards to the trading that goes on between a bank and their clients. According to the text, when a client of the bank (fund manager or whatever) wants to sell a large block of shares they will call the banks...
Applying to both IB and S&T at a bank?
Hi there, I am currently a junior in college looking at SA's and was wondering if one is able to apply to multiple functions (IB, S&T , AM , etc.) an Investment Bank (GS, MS, JPM , etc.)? Will it be looked down upon that you aren't really focusing towards picking just one you like? I talked to a...
Is trading in HF/prop shops the overall most profitable career, and if so, will it still be the case in the coming years?
Hi, I've been lurking this site for some time and there are some things that I'd like to clear up. Like most students here (presumably) I'm searching for the type of career in finance that can grant the highest potential earnings. After asking people and looking around, I came to the conclusion that...
End of 2014 SA Stint
Going into the final week of summer internships I'd be interested to hear about everyone's experiences. Feel free to share the best/worst times of the summer, has your opinion changed regarding IB / S&T / ER ,etc?, how does the summer come to a close (exit interview, final presentation, etc.)?, when...
Non-Target to Top 10 M.S. Financial Engineering?
I decided last fall that I don't want to be an accountant. I want to be a trader. It sounds cliche, but it's my passion. I love finance, mathematics, and money. Perfect fit. Anyways, I'm entering my fifth and final year of undergraduate studies at a non-target school (Syracuse University). I know...
Didnt receive dream internship
Hello, I did not get a bulge bracket S&T internship my junior summer (right now), but I did get a less formal S&T internship with a boutique back home that does not offer full-time positions to interns. I was wondering if I still have a chance at getting a full-time position at a bulge bracket. I go...
Introduction- Jeremy From NYC
Hey Guys, So i was told to do this intro, so I will! I am a recent graduate of the University of Maryland (2013). I have an Economics degree with a Business Management minor. I have spent the last year of my life heavily in Mortgage sales which has taught me a lot. I learned about sales, networking,...
BAML Commodities Trading or ForEx Origination/Trading?
What is their reputation? I know Comm desk based in NYC can be very small but my interest lies in Energy. I do love ForEx and the desk has an alum who is senior so maybe I can get closer mentorship? Besides, what are some strong equity desks at BAML to get in? Derivs is no doubt prestigious but how...
S&T firms worth applying to for a SA position if your goal is to do trading at a BB the next year?
Obviously the BB's are at the top: GS , BOA, MS, JPM , Citi, CS , DB , UBS, BarCap Other Firms: BMO , BNP Paribas, Baird, Nomura Who else is worth applying to for a summer internship if your goal is to land a trading analyst position (not sales) at a BB?
Sales and Trading Compensation ladder
I am interested in what the typical compensation ladder is like for a career in sales and trading in a top-tier BB bank like JPM , GS , and ect. Specifically, what can I expect for compensation as a fixed income trader. So an estimate of base + bonus for Analyst level and Associate level from...
Barclays S&T, MS FSE vs. JPM Equity Research
Hi all, I want to to get some suggestions in terms of choosing between these 3 options, all at their New York offices. I am personally fine with doing any, however I want to know which one might be better in terms of its relative strength, and how probable I can land a full time offer. Thanks!
People in Sales, do you think trading is overglorified?
Ok, so this Sales and Trading team came down to my campus for the usual recruitment talk and networking session. The traders were hounded by the eager undergrads who want to go into trading . The sales people had some people talking to them, asking more details about their life in sales, but when...
At what point in your life did you get interested in finance?
I've been active on this site for a few months now. It is clear that the demographic range is large in a myriad of senses. Ever so often there is a college freshman or the occasional high school student posting questions about recruiting, interviews, targets, etc. I always found those posts...
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