A Day in the Life of an Options Trader at a Bulge Bracket Bank: From Delta to Vega and Back Again
This 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
This 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
A Day in the Life of a S&T Intern at a Bulge Bracket Bank in New York: 5 AM Wake-ups and Glorified Lunch Delivery Service?
This is a guest post from a reader who broke into Sales & Trading (S&T) coming from a non-target school. He’s previously written about his own story of how he broke into sales & trading, from the recruiting process to networking to resumes to “fit” interviews and technical interview questions.
The following occurs between 5 AM and 10 PM on a bulge bracket investment bank’s trading floor in New York.
5:23 AM: That’s right – my first alarm is starting to go off…
5:24 AM: SNOOOOZE.
5:25 AM: Staying in bed one minute longer means being late to work, so it’s time to roll out of bed.
Morning Etiquette – What to Do Between 5:25 AM and 5:45 AM
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