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…

What to Do Before Friday, April 26th at 5 PM NY Time

Let’s take a break from my usual (long) posts and keep this one short and sweet: we’ve just added a brand new modeling course to the BIWS Premium package we offer, as well as a bunch of other upgrades.

The prices are going up on Friday, April 26th, 2013 (tomorrow) at 5 PM NY time.

If you want to save $150+ on the courses and/or sign up for bonuses and special package deals that are normally not available, you need to act quickly and sign up within the next 24 hours.

UPDATE: This promotion is now over. Thanks for your interest.

What’s Here?

Private Equity Funds of Funds: “PE Lite” or Equally Attractive Finance Job?

Few jobs cause as much confusion as those with “finance” or “fund” or “equity” somewhere in their titles.

We’ve already looked at the fun distinction between FIG vs. Financial Sponsors vs. DCM vs. Leveraged Finance in previous articles, so today we’ll turn our attention to the 2nd most confusing topic: what you do at a fund of funds – and how a private equity fund of funds differs from other types.

PE funds of funds sit somewhere between traditional private equity and asset / fund management roles, so the recruiting process and what you do on the job are also “in between” both of those.

And that means that these roles could be great for you, terrible for you, or… somewhere in between (a shocking conclusion, I know).

Our interviewee today will break it down for you, including how to get in, what the recruiting process is like and how technical questions and case studies differ, what you actually do at PE funds of funds, and the types of candidates they’re looking for.

Then, in Part 2, we’ll dive into what you do on the job in more detail and all the juicy details on pay, deals, exit opps, and more. Let’s go:

From Commercial Banking to PE Fund of Funds: The Path Not Taken?