in the credit default swap terminology, what is NAV?

Wow, you got in all those places? From what I've seen banks like to place MBAs primarily in sales type roles. You should talk to career placement at each and gauge where people go (and thus see who recruits for what).

Yes sold at par

<t>I wonder if anyone on this board can answer this:You are guaranteed a return of 2%on top of this you get a return of (X)*(amount by whichS&P 500 Return including dividends exceeds 2%)S&P 500 Vol is 20%Risk free rate is 5%Dividend yield is 1.5%What is a fair "X" to offer to clients...........

<t>I wonder if anyone on this board can answer this:You are guaranteed a return of 2%on top of this you get a return of (X)*(amount by whichS&P 500 Return including dividends exceeds 2%)S&P 500 Vol is 20%Risk free rate is 5%Dividend yield is 1.5%What is a fair "X" to offer to clients...........

<t>What I've decidedGraduateTake 2 weeks offGo for the M&A job in the foreign country / foreign language for a couple months - learn how to rip through financial statements as well as speak the languageTake 1 week offStart my graduate trainee program in derivatives trading, where I hope the bank...

Don't know London. I would expect Citigroup to have a presence there nevertheless.

New York or London?I know a few of the traders, researchers but no one in sales.

How does one hedge a total return swap?

Congrats! What product will yoiu be trading?

<t>I was planning on traveling to where the job would be located, even if I was not working there (it is an emerging martkets investment banking position), but my main concern is burning out at a temp job before I start what I really care about - trading derivatives. However, there is also a trainin...

<t>Nice, I said the same thing at my job interview. There really is nothing else I want to do at this point. Looking forward to starting in July. Let us know how the interview goes!Also, some advice please: I have an offer to work in international investment banking (in another language setting) for...

Thanks you John, good advice.

<t>Hello,I will be joining a credit derivatives trading desk in July at a New York bank.Seeking advice from all of you experienced in the industry.1. How best may I prepare for this job before I get there in July (I am presently in university, final year of a Bachelor's)2. How should I transition to...

Is this just the variance of individual stocks and the covariances between them?