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Deciding Between Offers! Help!
I have two offers and need to decide fast! A bit about my background, I did S&T for my summer internship and now secured a Full Time Sales role in Fixed Income for a smaller bank comparable in size to RBS , RBC , Nomura, CIBC and etc. The other offer is for a BB in its Commodities Credit Risk group...
Wealth Management BB vs BB Sales and Trading (Regional Office)
I have offers from both these, pay is the same, interested in both, not sure if I would be good at S&T but fancy a shot at it. Was wondering peoples opinions on the choice. Also what can senior wealth managers get paid? and if I went into the investments side of the business doesnt that open my...
Will Algo Trading Take Over?
Was just talking with a few people from work, who have been in S&T for a fair amount of time. We seem to agree that algo trading is the way to go in the near future. Computerization appears to be the trend, since it's cheaper and faster. Banks already spend huge amount of money on building their...
Most Quantitative Trading Desks (At BB S&T)?
Not including "quant trading " Self-explanatory title. Also, how does equity derivatives compare with fixed income derivatives? Thanks!
Ideas for finding Junior Trader interns
After about five years in S+T at various banks and buyside shops, I am starting up a hedge fund based in NYC and focused on Asian markets. Most of the securities we trade are OTC equity and currency derivatives. We commenced trading with 10 million usd in partner capital and have a lot on our plate...
My IPO Rebellion
With Facebook filing to go public last week, I've been remembering a lot about what it was like to work in the IPO market in the early 90's. For those who don't know, I worked for a firm that was a dominant player in the IPO market at the time (ranked #2 in the US in 1993 by USA Today for an average...
Great Traders: Risk and Dopamine
What makes a great trader? Well, according to two neuroeconomists (whatever that means) at Claremont Graduate University , genetics makes the difference between a good and great trader. Specifically, the reward-driven neurotransmitter, dopamine, can play a key role in the medium traders seek between...
Energy Rodeo 2012: The Recap
This past weekend about 120 WSO monkeys descended upon Houston, Texas for the 2012 Energy Rodeo, an event characterized by much fun had, knowledge gained, and contacts made by all. The monkeys came by car, by plane, and by bus, but no private choppers (at least not yet…maybe by Energy Rodeo...
Sales -> Trading?
How easy is it to switch from sales to trading on a different desk at the same bank?
Rotational vs. FT Sales Program
Hey guys. I have a few interviews coming up and was wondering your thoughts. Obviously I will dig deeper into this once I get offers but Im just wondering for now. Would you rather do the Options Rotational Program and Raymond James at the Headquarters---- vs.------ Institutional Sales Assistant and...
GS Entrepreneurs
Should I enroll in GS 's entreprenuarial deposit series?
Resume review for Sales and Trading
Hey all, I am rising junior at Umich Ross who is planning on pursuing a career in Sales and Trading. I am primarily gunning for the HK office S&T due to my desire to work in the emerging markets Here is my resume and please just go at it! http://www.razume.com/documents/26788 Thanks in advance...
Would You Hire This Person?
You’re sitting in the head trader’s chair after the markets close, looking through resumes for the next (newest) member of your desk. The candidates all look good to you: excellent experience with strong track records, good stories about their determination and drive to be a great trader, plenty...
Sales and Trading Salary vs Investment Banking Salary
Sales and Trading Salary vs Investment Banking It seems like since the beginning of time, trading and investment banking have been the dream jobs of countless undergrads seeking big bucks. A lot changed when the financial crisis of 2008 came along, and trading was arguably the most affected...
Oil Trading vs FX
If you guys had to choose between interning on an oil trading desk at a BB that deals mostly in derivative contracts tied to various products or an FX options desk at a BB which would you pick? Assuming that in terms of cultural fit you would be indifferent, I'd love to hear your opinion, maybe...
How does HSBC Chief Investment Office intern look on a resume for summer between sophomore and junior year?
Hi, I am currently interning at a corporate finance division for a month at one of China SOE backed boutiques. However, I just went through a HSBC HK superday for Global Asset Management Chief Investment Office portfolio risk and analytics intern. If I am fortunate enough to receive this offer,...
How Does Electronic Bond-Trading Affect S&T?
Just read this article in the Wall Street Journal: http://online.wsj.com/article/SB10001424052702303… It says essentially that the banks are trying to develop an electronic bond trading platform that would reduce the need for Wall Street desks to take and fill orders from larger clients. How would...
The Ax Man Cometh to Wall Street
A new round of lay-offs is coming to the Street , and it looks like all the major banks will be hit. The cuts appear to be concentrated in the trading departments , no doubt a direct result of the financial reform bill's impact on proprietary trading. Estimates indicate the lay-offs may be in the...
Queen's versus LSE?
Howdy Monkeys, This is more for my cousin since I'm near graduation already. My cousin has just been admitted to Queen's Commerce and also the London School of Economics and has till the end of June to decide. QC has pretty good placement but its pretty clear that LSE is much highly regarded in...
How to reconnect with an MD/VP after not emailing them for months?
Hey Guys, I know this has probably been covered before, but I wanted some suggestions on how I can write an email to a VP who I didn't contact for a few months after I was rejected from a first round interview (I told him how the interview went, but never followed up). I was just not sure what to...
Sales Vs. Investment Banking
Hey guys, this is my first ever thread, so sorry if it could be in a more relevant forum or something. I'm an A level student in the UK, so if you're American and reading this, I'm still at high school. I'm hoping to study Politics at the LSE , or perhaps Warwick. For a couple of months now, I've...
BB Alternative Investments vs BB S&T for HF exit ops
Hi everyone, I have 2 exploding offers from 2 different BBs , one in the Alternative Investment arm and one in S&T . For the Alternative Investments one, I would be working in one of their direct investments group (not FOF ), while for the S&T will be rotational. Could you please help me choose...
SA?
What does the SA in sales & trading SA mean?
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25 Guys to Avoid on Wall Street!
I found this blog pretty funny so I figured i'd share, and see what other monkeys have to add or say. Feel free to add to the list lol. 25 Guys to Avoid on Wall Street
Nomura S&T Summer Analyst 2012
I will be working in Nomura 's Global Markets division this summer. I was wondering if anyone had advice on what I could do to prep for this internship in the months ahead of summer? Tips from any past SAs will be helpful (even if not in Nomura ) Did anyone intern at Nomura last summer? What was the...
The "Culture" of a bank
Since we are slowly migrating from the interview stages to the post offer stage, the threads are starting to move much more towards XYZ vs ABC. I wanted to take time to talk about the "culture" question that keeps coming up. In particular kids asking about the culture of the bank. My one piece of...
The End of S&T?
I was just reading the thread "Alternatives to Banking" on the front page, and Bernanke (the WSO user not Fed Chairman) argued that Sales and Trading is a better alternative to M&A in terms of avoiding some of the declines we have seen in banking in general. Do you guys think S&T is here to stay at...
Does the firm matter for S&T?
I know the firm's reputation matters a lot for IBD , but how much for S&T positions? I heard it's a lot more about the desk your on rather than the firm you work for. I have a SA offer with a smaller firm on the street, but I would likely be placed on a desk which is ranked #1-#2 on the street....
Institutional Salesmen in Atlanta Sound Off - Pay scale
I'm interested in hearing what the pay scale is for the first 10 years, beginning at junior salesman upwards from someone in Institutional Sales in Atlanta. I have heard what the numbers are in NY , but I'm not sure of Atlanta. Think SunTrust RH, Raymond James, Sterne Agee, etc. I'm very interested...
Deutsche Bank vs Barclays vs BAML S&T Internship
I have internship offers from all 3 of these firms in NYC ...I'm most interested in equities sales (I think...hard to tell as a college junior). Would love to hear any insight into the culture and prestige of these banks and feedback about the internship programs (including rehire rate, etc)
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Introductory Books for Metal Trading
Hey guys, I am trying to help a friend out who asked for some recommendations on introductory books for metals trading , specifically steel and aluminum. Most of my experience is banking oriented and I am unfamiliar with trading/commodities and thought someone here may have some good...
Network Relationship After Rejecting An Offer
What is the relationship with someone you've been networking with after you turn down an offer their firm gives you? Do people typically understand that you're just taking the opportunity most appealing to you or do people ofter get upset about it? In particular, summer analyst roles . Also, if you...
Whole Loan Trading- Take Internship?
I just interviewed for a small firm that deals with whole loan trading. I'm looking to land a summer analyst internship in S&T . What do you think about the relevance of this internship? Here's a link to what the company does to get a better idea. http://www.globalportfolio.net/services.html
Commodities Confuddled? Devious Disaster?
So what are your guys' opinions on what is going on the commodities markets? It seems like there has been a broad collapse of corn and wheat over the past week even though fundamentals seems strong. Is the market in general fundamentally weakened from the loss of BCM and MF Global? Is there still...
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Finance is NOT the major for a career in finance?
Easy...easy...put your proton blaster away and resume buyside fantasy of choice. All I want to say is that finance (perhaps) may no longer be the optimal major for breaking into...finance. Though the logic may counter conventional reason, so does an eternity of 0% interest rates and Monopoly...
Job outlook for trading
Recent reports by the NY state comptroller say that Wall Street will lose 10,000 jobs by the end of 2012 (http://money.cnn.com/2011/10/11/news/economy/fina…). Is this a death sentence for getting hired for a trading job in the near future? I am a junior undergrad and as much as I would love to...
Making Bacon with Chris and Louis
Making bacon...it used to mean getting paid. In the case of hedge fund manager Louis Bacon and top trader Chris Pia, it could mean something far less profitable. When Louis Bacon left Shearson Lehman Brothers in 1990 to launch Moore Capital Management , the world was a different place. The S&L...
Visual Basic; useful for an analyst?
This is my first post so forgive me for my sins! As part of my degree programme, I've the option to take an elective in Visual Basic. I'm aware that programming skills are particularly useful in analyst roles within IB and S&T . However, with so many programming languages in use, how relevant is VB...
How to leverage PT-MBA at Booth into Sales & Trading?
This is not a question of if, but how. With 4 years Regulation/Risk background, 2 years Big 4 Advisory (so basically zero experience, relative). Basically I have a pretty sweet gig and I'm about to attend Chicago Booth part-time but would like to eventually move into S&T I'm looking for some/any...
Sophomore internships in Hong Kong
Hi, I am currently a rising sophomore who is studying at a Umich Ross. Although my primary residence is in Hong Kong, I only have a regular ID card instead of the permanent one. My gpa is around 3.6 as of now, hoping to get it higher. Besides that, the only thing noteworthy is that I am bilingual...
BB S&T 2012 HELP!
I’m in a bit of a situation and could really use some advice. I really want to make it to superday for S&T in equities or FI . I will be a junior this fall semester and I have no finance related work experience on my resume, but have recently landed a Morgan Stanley paid PWM internship, so I...
Non BB Sales and Trading in NYC
Hi, I remember seeing several long lists of all the boutiques, MM , and BBs that have investment banking in the New York area. Clearly, some of these do not have Sales and Trading which is my preferred focus. Is there a list of banks with S&T or could someone post some of the non BBs that still have...
ST love the product not the people
For my ST summer, I have 3 rotations. My first rotation is on a very profitable desk with a product that I find really interesting. However, the guys on the desk are awkward and I would probably get along with the people in my second two rotations better. Any suggestions?
Do we need to know excel? Also, training week
Hi all, About to start a BB S&T internship next week and am starting to get a little worried, primarily about what I'm expected to know. Of course, other than following the markets/news, do they assume any technical knowledge on our part? I know that for IBD , excel is the backbone to analyst work,...
Converting an S&T Internship
Alright, so about a month ago I posted on tips on prepping for the S&T internship, with the promise of providing some additional tips on what to do during the internship to maximize your chances of an offer. These are some general tips I would consider the most important, and hopefully other users...
Need an SA
Alright guys, here is my situation: Have a FT offer for S&T with a BB , but I just got accepted to Oxford for a two-year master's program and I have decided it is best to go. I ultimately want to work in S&T , but I think in the long run going to Oxford will pay dividends and it will be a fantastic...
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