An informative article on the career opportunities at proprietary trading houses was published at eFinancialCareers today. Drawing on information gleaned from contact with senior executives at houses like TCA Futures and Met Traders, the author describes the pros and cons, training and development opportunities, and of course, the financial benefits from going on such a career track.

However, more interesting to me was the first comment on the article: (more…)

One way to learn about trading (any sort of vanilla financial instrument), and of course, win some prizes, is to participate in virtual trading competitions. They may not be the most realistic of systems, particularly given that most allow you to trade as if each instrument had almost unlimited volume, but the fundamentals are still real enough to learn about.
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Ahhh… the inevitable interview. Right before an interview, there are usually two differing responses. One of confidence from the interviewee who has prepared intensively for the 30 minutes of grilling he/she is about to undergo, the other of sheer nervousness (and perhaps even fea) from the interviewee who thought you could spout bullshit to an investment banker who could be spending his/her valuable time elsewhere.

If you want to be in the shoes of the former interviewee, then make sure you check out the various IB interview resources below. More will be added as they are discovered and evaluated.
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There are several transcripts of discussions on investment banking career paths for graduates, primarily PhDs, just lying around the web unread. So, to give these useful resources a bit more exposure, I’ve pointed to some of them in this post.
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