我给我来的分析师的建议
Posted this in another thread, but I thought others could benefit from a broader topic standpoint. I am a hiring manager for our analyst pool and run aFIproducttrading book.
Here is my advice to you.
交易仍然是一场大型的学校游戏。如果您想继承一半的战斗，那就是在每个人的每个牢房中都能实现这一概念。我不能强调这一点。如果您取得成功，则不能衡量您的经理。这取决于整个桌子。您必须建立声誉，最好的方法是在工作时保持整个桌子的张口并释放整个桌子的交易时间IBhours as needed.
Be assertive. Take on as many projects as you can handle to provide value. I care about few things more than my P&L. Every second that I have to focus on something besides trading is costing the firm, and me, money. You're going to have the lowest hourly rate to the firm on the desk - understand this and find ways to free up time for everyone senior to you so they can produce. Be assertive.
Ask questions - traders are always busy and I will gladly tell you if it isn't the right time. I won't go out of my way to carry you across developmental stepping stones though - I want you to prove to me that if I'm amortizing P&L on you it's +EV对于桌子。
Write everything down. If I have to teach you something twice I'm going to spend less effort teaching you. If I don't and you take my prior advice I will give you everything I have towards your development, because strong support networks are the lifeblood of a strong desk. Of course, you will encounter pricks that don't understand this - you must still support them. Many will test you solely on your ability to know your role. Even the best analysts will get buried and feel worthless. This is part of the evolution, LEARN FROM IT.
坚持不懈或死亡。如果您做到了，请始终向前付款。尽管有多少人会采取行动，但没有好的导师就可以做到这一点。成为刺会将您送往买入方面。
Of course, the obligatory excel advice already given is relevant. You have to be as efficient as you can possibly be to thrive on a desk in any role. You also must buy a hard copy of Fabozzi and treat it as your bible. Read every single word and write down everything you don't understand and research it or ask your mentor(s). Keep it on your desk and research any topic that comes up for your peers. You will learn most aspects of your product in the trenches, but having a grasp of Fabozzi will significantly flatten your learning curve and ability to grasp complex concepts. Be assertive.
没有什么比networki(甚至损益表)更重要ng. Use your on-boarding program to connect with everyone you can across the org at every level and especially on other trading desks. If you can get on other associates etc calendars without pissing off yours it will massively pay off 10 years down the road. You want everyone to know who you are, but not necessarily for any reason if that makes sense.
Best of luck. Nobody on your desk wants anything other than for you to succeed, because then we all get better. My DMs are always open.
Comments (38)
Thank you for the great write up. Sounds like a dying industry!
says "prospect - other".
Ouch
伟大的工作选择可以说是金融中最糟糕的子行业作为职业道路
Clocking out @ 5 everyday on a prop/uw desk is still a pretty good gig. But we send our failed analysts who can't hack it in trading to research. Maybe you should take some advice...
Literally have never known any research analysts who came from trading in my experience....no offense (traders have a different skillset which is valuable) but most are on average 30 IQ points below your average research person. Most traders could not hack it in research.
More likely than not, you're really just sending people to research who did not have the right skillset/fit for trading just like most people who would be good traders probably couldn't hack it in research.
delet
因此，您认为金融中最好的子集类别是什么？我想知道
PE
That's a relative question that everyone should answer themselves. There's pockets of each sector that have positives and negatives that you should weigh based on your personality traits and life goals. My goal is not to push you towards a certain path or to pitch a trading career, it's to help when you get there.
这个尖叫的语气MM副总裁谁渴望认为他的工作仍然是不真实的
这个家伙给出了宝贵，周到的建议，这个论坛上的人仍然设法成为混蛋。难怪在这里行业帖子中实际上没有多少人。和新闻快讯：有些人对中央银行政策等诸如中央银行政策等的东西感兴趣，并且为了“声望”和冒险冒险，直到每天午夜都在随机发电点上工作。
Array
hey im not interested in trading but wanted to thank you regardless. ppl like yourself make this forum what it is and some of the commenters above would likely do well to remember that. though perhaps they take issue with the tone in which you tried to convey your msg.
无论如何，我必须问，您是否认为目前的工作非常缓慢和/或自然而然地比其余的改进速度慢的人有可能？那本书您会推荐帮助吗？
These depressedIBvirgins crack me up haha!
Thanks for the advice.
我的男人！很棒的阅读，很棒的写作。祝你好运。希望这里的一些孩子沉迷于此并接受此建议。我会强调成为一个好人，交流并保持井井有条。在我看来，这是简单的事情，但是那天就在一天之内。
sage advice. fuck the trolls
"They say money can't buy happiness? Look at the fuckin' smile on my face. Ear to ear, baby!" - Boiler Room
Thanks for the write up.
My best friend went into trading (started off in clearing trades) and for a period of time his personality changed from being pretty chill to him becoming more irritable and aggressive towards me in social settings. I believe the way he was treated at work both internally and with counterparties really hardened him, to the point it spilled over outside work.
That was a long time ago and things are a lot better, but I noticed this scenario play out indirectly and OP's message reminded me of those times when he was starting out.
非常感谢您的建议。
Can I ask if the book you mentioned is "The Handbook of Fixed Income Securities" by Fabozzi?
Yes, I'd start with this one. There are also more topical ones that are product related should you land on one of those desks, but the handbook will give you a great Arsenal to thrive anywhere.
Thanks, I will be starting at rates trading desk as an intern. What would be some of the more relevant chapters of the book that I should read first? Thank you very much!
Which Fabozzi book?
"I want you to prove to me that if I'm amortizing P&L on you it's +EV为桌子
Do people actually talk like this? Cringe.
Maybe you missed the part where i said I couldn't succeed without developing successful analysts. I welcome your input, we all do, but if you're going to act like you're actually inPEand you've never shit on analysts then you don't belong here. The point is to give real advice to those that need it. Not to act like an associate bitch that's never actually hired anyone or managed any real risk outside of creating aPowerPoint.
“如果您要像在PE中一样行事，而您从不对分析师感到不安，那么您就不属于这里”
准广谱评论将团队的专业发展描述为“桌子的+EV”，这对我的“无混蛋”规则犯规。老实说，在把我的狗屎做出了相当大的份额之后，我指出了不对下一代做的。
1st year Trader on a desk, every word you said is 100% true.
How are you liking S&T?
What's with all the IB cucks here dropping their venom out of despair after their boss ruined their night.
Your wife's boyfriend would NOT be proud of this behaviour.
Hi guys, sorry a little off topic here but I understand that working in S&T means we'll have to face certain restrictions on our personal trading accounts e.g. no shorting of stocks etc. Does anyone know whether we're allowed to hold actively-managedETFs(e.g. ARK ETFs)? Or are we only allowed to hold passive ETFs? Thanks in advance!
Varies by firm.ETFstend to be open season - individual names are relative to the firmsIBrelationship. This is only in my experience, others may have better insight here as I don't work at aBB.
I see, thank you!
At my place
主动和被动ETFsor mutual funds have no restriction. (Aside from declaring)
Single names usually need pre approval.
Derivatives need approval too and less easy to get it.
I see, thanks a lot!
Great post thanks for this! Do you have any knowledge about W.D Gann? Is he worth taking my time on learning about?
Thanks.
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