Financial Markets

Rahul Ghosh
Romil Johri

MARKETS (ROLES)

Desks
Research

Sales

Structuring

Trading

ACROSS DESKS
Starting Salary same

RESEARCH

SALES

Bonus percentage 20-60%

Working hours Min 12-14 hours
Skills Writing commentary, good
writing skills

Bonus percentage 100-200%

Working hours 11-12 hours
Skills Excellent
communication/articulation skills

STRUCTURING

TRADING

Bonus percentage 80-200%

Working hours 11-12 hours
Skills Analytically strong, low
communication skills acceptable

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

MARKETS (ASSET CLASSES)

Equity
D1 Trading

Sales
Trading

FICC
Credit

Rates

FX
Program
Trading
Commodity

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

GENERAL MARKET
KNOWLEDGE

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

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