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Tag: Equity Sales
Sectors explained – Sales, Trading and Research
Every day, millions of financial products are bought and sold in the secondary markets where traders, salespeople and researchers trade for clients after a security’s initial issue. In the secondary markets, salespeople advise clients on investment opportunities, while traders buy and sell securities. The secondary markets are divided into equities (stocks and shares) and fixed [...]
Late Lunchtime Links: Banks’ presentations show people stay at Goldman Sachs for years and years, and confirm that hiring is in the emerging markets
Today is the day of the Bank of America Merrill Lynch Financial Services Conference. Goldman Sachs and Morgan Stanley and Bank of America all made presentations. From these, we conclude the following: 1) People stay at Goldman for an average of 5 years and the average tenure is increasing (see below, click to expand). Source: [...]
Carnage at Evolution and Unicredit, but somewhere else is still hiring
It’s been a bad weekend for people working in sales and trading at smaller players. Both Evolution Group and Unicredit are eviscerating their businesses. Around 300 jobs will go. The Telegraph reported yesterday that Investec has decided it can do without as many as 140 out of Evolution’s 190 broking staff. Meanwhile, following our intimations [...]
Equities staff are increasingly overworked and increasingly junior
Equities headhunters point to a new trend: culling expensive senior staff and promoting juniors, who then end up having an excessive amount of work to do. Search firm Sheffield Haworth issued a, ‘Viewpoint,’ document on the cash equities industry last week. Here, it said that: “Equity salesmen are forced to cover more accounts and analysts [...]
YOUR KILLER EQUITIES INTERVIEW QUESTIONS: What is the degree of a company’s operating leverage when there are no fixed costs?
Here’s the latest question sent in by site visitors who have attended equities interviews at investment banks. This question has allegedly been asked in equity sales interviews at Deutsche. The answer has been suggested by the person who submitted the question (and is not being advocated by us). If you disagree with the answer, or [...]
REVIEW MY CV: I keep interviewing for equity sales roles and not being hired. Why is this?
Hi everyone. I’m working in an equity sales/broking role for a boutique and want to make a change. I’m looking either for straight equity sales roles or for corporate broking roles at larger organisations where I can learn more. I’ve interviewed at a couple of places and the feedback has been excellent, but I haven’t [...]
GUEST COMMENT: If you want an aggressive bonus, join a brokerage house
Given the low levels of activity in the equities market this year, top tier investment banks aren’t increasing headcount in equity sales and trading – if anything they’re reducing it. This doesn’t mean, however, that there are no opportunities on offer in the market. While the big banks may not be hiring, the smaller European [...]
YOUR KILLER EQUITIES INTERVIEW QUESTIONS: Pitch me an equity trading idea that is purely based on macroeconomics
Here’s the latest question sent in by site visitors who have attended equities interviews at investment banks. This was allegedly asked in an equity sales interview at Deutsche. The answer has been suggested by the person who submitted the question (and is not being advocated by us). If you disagree with the answer, or have [...]
Lunchtime Links: Reasons to believe pay could shrink at RBS, BarCap and HSBC
George Osbourne’s comments supporting the ring-fencing of retail banking operations, as mooted during the interim recommendations by the Independent Banking Commission, in his Mansion House speech have been causing a lot of consternation. Firstly, there’s the concern that he’s supporting something which is still light on details and needs extensive consultation, then there’s the suggestion [...]
So you want to work in ETFs? You’ll, unfortunately, be lucky
ETFs are where it’s at. With a compound annual growth rate of 81% in Europe over the past decade and with growth of 31% in the past year, they are an increasingly rare example of unbridled expansion in the financial services sector. Unsurprisingly, expansion has led to signs of hiring. Hence, Citigroup announced last week [...]
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