2014 s&t overview and advice
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Transcript of 2014 s&t overview and advice
S&T 2014 – Overview
Summary Stats 22 Interns
17 Universities Nationwide
8 Partner Firms
BofA-ML, Citi, GS, Jef, JPM, MS, RBC,
UBS
Rotations in Both Sales & Trading:
Equities, Fixed Income, Derivatives
Foreign Exchange, Commodities,
Prime Services
S&T Training Highlights
Morning Market Talks
FitchLearning Trading Simulations
Trade Idea Presentations
NYSE Trading Floor Visit
S&T 2013-14 Timeline
1STASSESSMENT DAY (Dec. 12th)
(Jan. 23rd)ASSESSMENT DAY (Jan. 23rd)
Oct
• Application Period Open• Skype Screens Begin
Nov
• S&T First Deadline (Nov. 1st)• In-Person Interviews Begin
Dec• S&T Final Deadline (DEC. 15th)
1ST ASSESSMENT DAY (Wed, Dec 4th or 11th)
2nd ASSESSMENT DAY (Wed, Jan 22th or 29th)
• Interns Arrive for NYC Training• Interns Begin Internship
• Interns Complete their Internship
May
Aug
(Jan. 23rd)ASSESSMENT DAY (Jan. 23rd)2-Weeks of SEO & ST Training (Late May)
Trading Simulations & NYSE Trading Floor Visit!
S&T Rotation Roles & Desks
Fixed Income,
Commodities,
Currencies
EquitiesStructured Products
(Derivatives)
Sales Sales/Trader Trader Structurer Prime Svcs.
Client Facing/Calls
Sells Trader’s Ideas
Sell Trade Ideas &
Execute the Trade
Execute Trades
Market Color
Customize Trades
Builds Models
Service HF Clients
Price/Lend Securities
Prime Brokerage
Corporate Rates Trading
EM Bond Sales/Trading
EM Credit Sales
EM Rates Trading
FX Corporate Sales
FX Risk Mgmt.
FX Sales & Trading
Int'l FX Sales
Mortgages Trading
Munis Sales/Trading
Cash Sales Trading
Cash Trading - Industry Coverage
Equities Sales Trading
Institutional Equity Sales
Retail Trading
CDO/SIV Trading
EM Equity Deriv. TradingDelta One Trading
Prime Brokerage
Prime Services
Securities Lending
Transistion MgmtFX Options Trading
Int’l & Dom. Research Sales
Sales & Trading: Life on the Floor
Insert
Intern
MD
Analyst
D
VP
Intern CharacteristicsRelationshipManagement
-Prepared/Researched
-Polish/Presence
Passion for theMarkets
-
Proactive/Assertive-
Salesmanship/Quick Thinker
Communication:Succinctly Update your Line managers, HR/HCM, mentors, etc. Ask for Feedback & Opinions
Interpersonal:Always positive, level & flexible. Relate to people (sports, tech, music, whatever wks)
Judgment:Be Assertive in becoming relevant. Adjust to your Environment
Team Player:Be Diligent and Don’t make easy mistakes. Identify & create Add-Value wk
Network:Ask for, schedule and follow-up on conversations with professionals
Communication:Succinctly Articulate your opinion, findings & analysis in an email and/or verbally
Technical:Master Excel / PPT & any Market related programs
Quantitative:Know key ratios / formulas of your product. Do the math, %s, ratios
Analytical:Understand your product, market trends and general financial concepts
Judgment:Filter the most important points to your team from 2, 3 & 4
Training: Skills to Refine
1
2
4
5
3
HARD SKILLS SOFT SKILLS
a
b
d
e
c
TIPS FOR SUCCESS
1. Stay in the know Dissect corporate news, follow the markets, set-
up email alerts– European debt crisis – Fiscal cliff – Unemployment– FOMC announcements – Consumer confidence– US & Global 10-year note yields – ISM– Bellwether earnings announcements – Other recent market news
2. Have an opinion What is your Opinion on business, market, and
company news How would you make money? TRADE IDEA
3. Get involved & step up to leadership roles Investment Club, Industry Association, Case
Competitions, Mock Portfolio
Market & Industry Knowledge
SEO Orientation (Full Day)
Introduction to the “SEO way”
Meet the SEO Staff/Program Managers
Peer Networking
Seminars (AM or PM)
Professional, Alumni & Peer Networking
Learn more about our Partner Firms
Receive invaluable advice
Soft Skills (Full Day)
Sharpen your Relationship Mgmt Skills
Learn more about our Partner Firms
Peer Networking
Week 1 – Monday & Tuesday
You
NYC SEO & ST Training
YouYou
YouYou
Market Talks (Every AM)
Prepare your own Macro & Micro market summaries verbally
Take a position on selected major company and industry events
- Interactive Training
Trading Simulations (Every Day)
Feel the excitement of making a trade
Fixed Income (Full Day)
Characteristics of a Debt Security
Monetary Policy (FOMC & ECB)
Equities & Derivatives (Full Day)
Characteristics of a Equity Security
Market Structures, Exchanges, Indices
Daily Interactive Exercises
http://www.7citysimulations.com/portfolio-index-st.html
NYC ST TrainingWeek 1 – Wednesday - Friday
You
You
You
You
You
S&T Advice & Resources
Manage relationships
Follow-up | Make Calls | Ask Informed Questions
Follow current events around the world
Have an opinion on the markets
Have a stock pitch
Use the below resources to get smart!