Which rotations to pick?
Hi,
I have a S&T summer internship coming up and was wondering which 2/3 desks are the best/most easy to convert? Thanks
The options are:
MQA Commodities (London)
Commodities Managed Clients
Delta One Trading
Equity Flow Quants
Equity Sales
Cash Equities - Electronic Execution
FDC Product Team
Equity Finance Trading
High Touch Sales Trading
Strategic Equity Solutions
Equity Derivatives Trading - Single Stocks
Cash Equities - DM Trading
MQA Equities Prime and Delta One
MAG - Complex Structuring
FDC Futures Electronic Trading
Exotics Thematic Index
CIS Structuring - Client Solutions
Prime Intelligence
EMEA Digital FX Sales
FX Quantitative Development
Corporate FX Sales
FX Algo and Fixing Execution
UK Investor Sales
Commercial Real Estate Finance
IG Credit Trading
EMCT Flow
Asset Backed Securitization & Financing
Structured Credit Sales
High Yield credit trading
Leveraged Loan Trading
EMEA CLO Primary
EM Credit Sales
GSP EMEA Algorithmic Market Making
Credit Financing
Flow Credit Quantitative Analysis
MQA Strategic Equity Solutions
Equity Derivatives Quants (Exotics)
MQA Strategic Equity Solutions
MQA Flow and Structured Credit
GBP
Fixed Income Financing Sales & Trading
EM Local Market Rates
FX RMS and Structuring
Eur and Scandi swaps
Hotels & Leisure
Equity Research - Transport
Equity Resarch - Telecommunications
Equity research - Utilities
Global Macro Strategy Research
EM FX Research
CEEMEA Rates & FX Strategy
Equity Research - Metals & Mining, Building Materials
Choosing the right rotations during your S&T summer internship can significantly impact your chances of converting it into a full-time offer. Here are some considerations and recommendations based on the options you've listed:
Delta One Trading: This desk is known for its dynamic environment and involves trading derivatives that track an underlying asset. It's a great choice if you're interested in a fast-paced setting that requires quick decision-making and offers a deep dive into complex financial instruments.
Equity Derivatives Trading - Single Stocks: This rotation offers exposure to a specialized area of the market, focusing on derivatives based on single stocks. It's beneficial for understanding risk management and pricing in equity derivatives, which are critical skills on the trading floor.
FX Algo and Fixing Execution: With the increasing importance of technology in trading, this rotation could provide valuable insights into the technical side of forex trading. It's particularly useful if you're interested in algorithmic trading and how it's applied in the fast-paced FX market.
High Yield Credit Trading: This desk deals with bonds issued by companies with lower credit ratings, which involves a different set of strategies and risk assessments compared to high-grade credit trading. It's a good choice if you're interested in credit markets and the factors that influence bond pricing and trading.
Equity Finance Trading: This rotation involves strategies like securities lending and repo transactions. It's a niche but crucial part of the equity market that can provide a unique perspective on how different market participants manage liquidity and funding.
Each of these rotations offers a unique set of skills and exposure to different parts of the trading floor. When choosing, consider your career interests, the skills you want to develop, and the type of trading environment you thrive in. Additionally, during your rotations, make sure to network extensively, show initiative, and demonstrate your ability to learn quickly and contribute to the team. These factors are often just as important as the specific desk you choose in securing a full-time offer.
Sources: Converting an S&T Internship, How were S&T intern return rates at GS/MS/JPM?, S&T Summer Analyst Lateral to IB FT?, S&T interns: 3 things that got me hired
Wrong question to ask mate.. What are your strengths? (Quant/Engineering/Stem major >> can code/can't code >> good at math >> not awkward, etc) Do you like macro or micro? Filter it down from there
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