Abhishek Agarwal

Financial Markets
MARKETS (ROLES)
Desks
Research Sales Structuring Trading
ACROSS DESKS
RESEARCH
Bonus percentage 20-60%
Working hours Min 12-14 hours
Skills Writing commentary, good
writing skills
SALES
Bonus percentage 100-200%
Working hours 11-12 hours
Skills Excellent
communication/articulation skills
STRUCTURING
Bonus percentage 80-200%
Working hours 11-12 hours
Skills Analytically strong, low
communication skills acceptable
TRADING
Bonus percentage Performance dependent
Working hours 10-12 hours
Skills Quick decision making, sharp with
calculation, strong analytically
Internship expectations Working on excel, learning strategies,
refining presentations, bringing food for the traders
Key - TALK TO AS MANY PEOPLE AS POSSIBLE
Starting Salary same Starting Salary same Starting Salary same Starting Salary same
Equity
D1 Trading
Sales
Trading
Program
Trading
FICC
Credit
Rates
FX
Commodity
MARKETS (ASSET CLASSES)
HIERARCHY
ANALYST
2-3 years
ASSOCIATE
3 years
VICE PRESIDENT
3 years
MANAGING DIRECTOR
1-5 years
MD PARTNER
Your guess is as good as mine
THINGS YOU SHOULD KNOW
Homework
EVERYTHING ON
RESUME
No matter whether
youve done it or not!
Demonstrate fit via
anecdotes
Should be able to
explain why you made
certain choices
ABOUT THE
FIRM
Research each firm you
are talking
News stories over the
past few months
Know enough to have a
general conversation
about the firm
GENERAL MARKET
KNOWLEDGE
Puzzles Heard on the Street
Subprime crisis
Eurozone crisis
Rupee depreciation
Trading scams (LIBOR, JPM Chase
etc)
Basic derivatives
Basic Macroeconomics
Term 1 courses Fin Acc, QM
???
THANK YOU