June 16th, 2006, 12:39 pm
Thanks all for the advice. I think you are right. I just hate suits and look awful in them (probably from lack of practice in wearing them). And so, I will wear a suit, and be uncomfortable, and probably screw up the interview. I went for a job at Morgan Stanley once dressed like a roadie (I'm not exaggerating, I wouldn't have let me into the building) but I was so relaxed and chill that I did a great interview and was offered the job. (Quants! Ignore my example. DCFC is the guide to follow). Sirrain,It's not really a comparable situation. I have many years' trading experience in banks and hedge funds. If I were in your shoes (and I was once) I would follow all the time-honoured advice you'll find all over the place on the Wimott fora. Basically: polish your resume so that it highlights "core skills" that traders like (applied numeracy, doesn't have to be academic; programming that sounds quick-and-dirty-and-nunerical, so VBA or even FORTRAN over say, anything to do with perl or databases), read the news obsessively (you won't impress anyone with your deep understanding but you can stand out by being informed and thoughtful about politics and economics, it's mad how dumb the average graduate is); try try try and get internships on trading desks and describe any internships you have as very generic so people don't expect you to be able to answer questions they'd ask experienced candidates; try and understand a small number of products really well (I recommend basic stock options, not from a modelling point of view but from a punting point of view, so you can steer the conversation to that product and show that you can think on your feet if someone asks you, say "What would you do if a Fed governor gave a hawkish speech. Ooh, interesting. How would you hedge that if a later speech was dovish but you still liked the basic trade?"); get the books that prepare you for brainteasers that people typically ask, and think about the puzzles because anyone worth working for will use a variant if they even use these silly brainteasers (my bias showing); read DCFC's FAQ; find out when graduate recruiters are going to be on your campus; harass HR departments (the only time HR are useful in the hiring stage is when you are a graduate looking to break in to the markets; ask them "What stage are you at in the sales and trading analyst programme recruitment process for 2007 entry?" - this is a low delta option but it is also a brief email or phone call). And *definitely* wear a suit. DCFC, have I missed anything?