Sales & Trading Internships: The Top 9 Ways to Go from Internship to Full-Time Offer

32 Comments | Sales & Trading - On the Job

Sales & Trading Internships to Full-Time OffersThis is a guest post from “DerivsTrading,” who founded S&T Careers.com to teach you how to win bulge bracket trading interviews and offers and ace your assessment centers. He’s an experienced flow options trader currently working at a bulge bracket bank in London, and he defied the odds to break in coming from a non-target school.

Six years ago I had beaten the odds and managed to secure a trading internship at a bulge bracket bank in London coming out of a proper non-target.

I thought I was done: after all, the networking and interview prep to win the internship was the hard part, right?

Wrong.

An internship means nothing if you can’t convert it into a full-time offer, and it’s arguably even harder to do this in sales & trading than in investment banking.

You might be competing against 15-20 other interns who are just as qualified as you, if not more so.

And you cannot underestimate the importance of rocking your internship to win a full-time offer – in the “post-financial crisis economy” there are very few spots for graduates who were not previous interns.

Winning an offer doesn’t just get you a full-time job at the bank you interned at, but it also gives you an automatic reference for other places you want to apply to and a “Plan B” option.

There are already tons of articles on this site on how to succeed in your internship, but most of them are focused on investment banking or corporate finance roles – so I wanted to detail some of the smaller details that go into making a sales & trading internship successful.

We’re going to look at everything from your wardrobe (Brian’s favorite topic) to pre-internship preparation, food orders, networking, trading games, and more:

A Day in the Life of an Options Trader at a Bulge Bracket Bank: From Delta to Vega and Back Again

18 Comments | Sales & Trading - On the Job

A Day in the Life of an Options TraderThis is a guest post from “DerivsTrading,” who founded S&T Careers.com to teach you how to win bulge bracket trading interviews and offers and ace your assessment centers. He’s an experienced flow options trader currently working at a bulge bracket bank in London, and he defied the odds to break in coming from a non-target school.

We’ve covered a few days and 48-hour periods in the lives of sales & trading interns before, but what about when you start working full-time?

Even if the hours and stress levels are still brutal, do you at least get to do more “real work”?

Or are you stuck picking up lunch for everyone on your desk?

Let’s jump into this day-in-the-life account and see exactly what you do as a full-time options trader at a bulge bracket bank – and hey, you might even improve your knowledge of the Greek language in the process…

The Equities Trading Floor: What You Really Do Every Day, and Why You Don’t Even Have to Work in Dallas

29 Comments | Sales & Trading - Groups

Equities Trading FloorThis is a guest post from “DerivsTrading,” who founded S&T Careers.com to teach you how to win bulge bracket trading interviews and offers and ace your assessment centers. He’s an experienced flow options trader currently working at a bulge bracket bank in London, and he defied the odds to break in coming from a non-target school.

Traders often think of Equities as the ugly friend of the girl/guy you’re trying to hook up with – FICC (Fixed Income, Currency, and Commodities) is, of course, the hot friend.

And ever since Liar’s Poker, the “Equities in Dallas” label has haunted equities traders everywhere they go.

But what equities traders do in real life today has little in common with the stunts you saw in 80’s money novels.

Before we jump into what to expect and what each role on the equities trading floor entails, let’s bust a couple of myths that deserved to die a long time ago – and see which ones might just be true:

Myth #1: Equities Takes Less Intelligence than FICC