Friday, December 24, 2010

How To Become A Proprietary Trader - IV

A Day In The Life of A Trader
The daily work of all traders is similar. However there are variations according to the trades they do. Observing a trader at work, you may wonder if the job really warrants all those diplomas and other credentials. After all, it looks simple. Let’s take a look at the daily activities of a trader of any kind before we enter the world of a proprietary trader.

The basic trading job is driven by three factors: information, intuition and technical know-how. A trader keeps his eyes on the eight or nine screens in front of him, such as Reuters or Bloomberg, delivering world news continuously. Apart from the journalist himself, the trader is the second person in the world to get wind of breaking news. He will also observe a flow of scheduled company releases and economic statistics, among other news. There are also audio announcements, often unrelated to the text on the screen, from the trader's dealerboard, the system which connects him to brokers. Reading information takes up 45% of a trader's work day.

In order not to miss any breaking news, a trader seldom leaves his desk. He even minimises his visits to the toilet or Starbucks. As for lunch, he may ask the trading room interns to help buying.

Another time-consuming task involves watching the market and acting intuitively. The trader must make a subjective interpretation of the information they have. He forms an opinion on the market's direction by observing all the signs making up the price action, including price fluctuations and the liquidity of the orderbook. This is a matter of intuition, and it also takes up 45% of his time.

The remaining 10% is spent on market making as to issue quotes to his clients. The trader uses an Excel spreadsheet with the useful "pricer" functions invented for quantitative research, calibrates it to correspond to the market and then pushes the F9 key each time a client asks for a price. This may sound repetitive and boring.

All traders including market makers, plain vanilla securities traders, structured products traders and proprietary traders have similar daily activities. Then what is specific with a proprietary trader?

A Proprietary Trader (or prop trader) has carte blanche to speculate with the investment firm's funds on all markets. Unlike other traders, he does not provide quotes to clients. He also doesn’t need to share the profits with the structuring, sales and research teams. The prop trader only share his portfolio profits with the Bank.

In terms of working hours, a proprietary trader works typical 8 am to 5 pm. However, his work schedule depends mostly on the markets they trade. For example, a New York-based proprietary trader who focuses on Asian financial markets may have to work at night because of time differences. A trader in Hong Kong trading Australia market have to go to the office as early as 6am in order to pick up the latest market news and discuss investment strategies with his team. Nevertheless, be prepared to work long and flexible hours.

Want to become a proprietary trader? I'll talk about career path in my next post.

Download FREE eBook: "The Complete Guide To Day Trading"

If you are serious in a trader's role, better learn something about day trading now. Markus Heitkoetter, a professional day trading coach is offering his ebook for free and he promises to help you to become the trader you want to be.

Investment Banking Career

Wednesday, December 15, 2010

How to Become A Proprietary Trader - III

Why Does A Proprietary Trader Receive Fat Pay Check?

A prop trader's salary averaging around $68,000 doesn't sound extremely attractive. However when bonues are counted, the figure becomes completely different. Prop traders can take home as much as multi million $ per year. If his portfolios turned out to be profitable, his take-home money could be practically no ceiling. However I’ve seen star traders taking home millions of dollars and also traders who lost their jobs when their portfolios lose money.

Let's look into more details of how a proprietary trader make money for himself and the bank.

A proprietary trader (or prop trader) has carte blanche to speculate with the investment firm's funds on all markets. He doesn't need to provide quotes to clients. With a high-risk job, the prop trader is paid a percentage of the profits. When other traders have to share the profits with the structuring, sales and research teams, a prop trader doesn't.

For instance, a bank transfers $100 million at the beginning of the year to a trader's proprietary account. At the end of the year, if his portfolio grows to $300 million, he will then share a portion of the $200 million profit as his bonus. Hence prop traders are among the highest paid traders however have to be the most experienced kind of trader. They have usually put in ten years in the trading room before assuming this post.

Everything has a beginning. If you want to assume a role in proprietary trading, you usually begin as a market maker who works with basic products, such as spot (currency rates), cash equity and government bonds.

In my next post, I'm going to talk about a trader's job in a trading room.

Investment Banking Career - Proprietary Trading

Tuesday, December 7, 2010

How to Become A Proprietary Trader - II

Life In A Trading Room

OK, here is a 110+ seats trading room in the real world. A trading room is a restricted area in any investment bank. Only authorized persons can access. I have the privilege to borrow this photo from one of my clients.

If you want to be a proprietary trader or any other kind of trader, consider two things first. These have to come before qualification and experience counts.

Working Environment - Looking at the photo, you’ll see it is a huge room with no partition. There is no privacy at all. What you say on the phone will be over heard by people around you; and what you say on the phone will be recorded. Some banks ban the use of mobile phones within the trading floor. Some encourage you not to use mobile phones.

You need to also consider the noise level. People shout on the phone, because they were excited about a deal or because they couldn’t hear what the other party said due to noisy environment. If you feel comfortable working in a noisy open area without privacy, you meet the first criteria to become a trader.

Taking Risk – Chinese has a proverb ‘create wealth from taking risk’. You need to make quick and important decisions everyday and take risk. If this describes your personality, you meet the second criteria to become a proprietary trader.

I don’t mean to scare you. This is just a beginning. Please make sure you meet these two criteria before submitting a resume targeting for a trader’s role. Want to know more about a proprietary trader’s life, come back to my next post.

Investment Banking Career - Proprietary Trader

Saturday, November 20, 2010

How To Become A Proprietary Trader

This is a high-risk job but one of the best paid in the world. See if I can lure you into this job.

You can’t be a prop trader direct from college. You need to spend about 10 years in the trading floor before you qualify for the job. But everything has a start, if you don’t start, you’ll never be there.

Let’s start with the trading room.

First of all, click the link here to gain an idea of a trading room set up.

OK, now you have an initial idea of how a trading room looks like. But those photos are only from a training trading room at Hofstra University. We shall look at a trading room in the real world in my next post.

No matter what kind of trade you are going to do, a trading room is where you need to spend most of your work hours. Do try to get a sense of feeling of working in such an environment.

I shall talk more about how to become a Proprietary Trader in my next post.

Investment Banking Career

Tuesday, November 2, 2010

IB Salary in Asia

My IB salary post has generated a lot of feedbacks. Let me talk more about the money making potential in Asia for investment bankers.

Beginning 2010, top bankers in Asia are taking home similar amount of money at the 2007 pre-crisis level, and in some cases exceeding it.

A shortage of talent combined with competition among rival banks in Asia prompted many institutions to make lucrative offers. I’m seeing more and more multi-million dollar deals plus the return of sign-on bonuses. Of course star bankers benefit the most.

For junior bankers, it’s time to set your feet in this fast-pace highly competitive market and prepare yourself to be a star of tomorrow.

Citigroup, Bank of America Merrill Lynch and UBS are actively seeking to build their staff bases in Asia. Banks need to bench-strengthen their teams. Don’t forget to watch out for their intern programs in Asia, especially China, Hong Kong and Australia, whose economies sailed through the downturn.

Investment Banking Salary

Friday, October 1, 2010

Warren Buffet and Bill Gates in Beijing

What’s in common between Warren Buffet and Bill Gates? First, they are both super rich; second, they have donated, and will continue to donate and are encouraging other billionaires to donate their fortune.

Do the Chinese billionaires welcome the tycoon duo? Well, this is quite personal.

Their recent effort in Philanthropy has drawn the world’s attention. Do you know when did the two rich men first met and for how long? Bill thought he had nothing in common with Warren and scheduled only 30 minutes to meet him. After all, the meeting went on for 10 hours.

Down the road when you are an investment banker, you may make as much money as Warren does. How would you spend your money? Is he your role model? How much do you know about him? How old was Warren when he first invested? What are his advices to young people?

I have a short presentation which is in fact a summary of an interview on CNBC with Warren Buffet. It’s all about some interesting aspects of his life and how he first met Bill Gates. This was from 2008 so their recent Philanthropy campaign wasn’t included. But I’m sure you’ll find it insightful.

Email me at ibankingresumes(at)yahoo(dot)com with a headline of 'Warren Buffet'
and I’ll email you a copy.

Warren Buffet Biography

Bill Gates Biography


Question: Does anyone know whether Warren’s family should spell with one t or two?

Brain Games - Lumosity

Saturday, September 18, 2010

How To Write An Effective Cover Letter

Writing an effective cover letter that generates interview is not easy. There are lots of skills and strategies in it.

When I do the resume critiques for my readers, I notice something in common. I can’t say these are errors, but things need improvements.

Repeat Experiences
Many tend to re-write their experiences which were mostly captured in their resumes. A better strategy is to summarise your USP (unique selling point), in other words, how your best strength would add value to the role you are applying. You may also include capabilities that were not stated in your resume, such as how your people skill contributed to your success; how you achieve results through team work.

Over Selling
Though cover letter is a sales tool, but we still don’t want to make it too aggressive, such as ‘hey, I’m here, hire me.’ An appropriate tone is very important.

Too Long
One of the most classic piece of work came from an undergraduate – perfect English, appropriate tone, excellent layout and good experiences – however one FULL page long. Actually the letter was so well written and there was nothing I could correct. I was thinking to refund the fee I was paid.

Listen! Remember my 20-second cover letter suggestion? 20 seconds does not only mean that the hiring manager is too busy and has only 20 seconds to read your letter. It is when a person read, what they read in the first 20 seconds will seed into their brain more firmly. If the phone rang when the hiring manager was reading your letter, and when he finished his long phone call, he may simply lost interest in continue reading your long letter. Your well written letter may go to the ‘no’ tray.

Bottom line: If you can’t write all you want to write in 20 seconds, set half page as a maximum.

More Writing Tips
If you are proactively approaching a bank, please include ‘3 WHYs’ on your cover letter: Why IB; Why HSBC (or name of the bank you are approaching), Why you. Show your passion in banking and don’t let the employer think that you only want a good-pay job.

Back to the question of how to write an effective cover letter.

If you enjoy writing – DIY – read guidelines from this blog. If you want some more reference tools, the
Amazing Cover Letters is very popular among my readers. If you want a pair of professional eyes to go through your resume, hire my critique service. See details on the right hand side of this blog.

If you don’t enjoy writing – hire a former investment banker to write it for you.
DreamResume who specialized in financial services resume writing, offers 10% discount to my readers. Read this post.

Investment Banking Cover Letter

Tuesday, August 24, 2010

Royal Bank of Canada (RBC)

A reader ask me what kind of roles are good for him to start a banking career. Well, it all depend on the person, such as interests and skill sets.

I have a link from the RBC. You simply answer three questions and it will help to find a right fit for you.
Anna Maria D'Souza's Thought Of The Day
Before you start any banking job search, ask yourself these questions. Do you really know what an ibanker does? Do you know how the life of an ibanker is? It would be good to speak to more people in the business. Get more insights before writing your investment banking resume.
Hire an IBanker to Write Your Resume

Investment Banking Career

Sunday, August 1, 2010

Ken Griffin Video

A reader left me a comment and suggested this interesting video about Ken Griffin.

Ken founded Citadel at the age of 22 with $4.2m. He started two funds from his dorm room at Harvard, and he claims that in between classes he would make trades. His first 'seeder' was Frank Meyer of Glenwood Capital who was amazed at Ken's success and his ROI. Frank provided $1m for Ken to invest while Ken was only 19, and the result exceeded his expectation.

Here is a video on in which Frank Meyer describes the keys of seeding new managers, as he did with Ken.

Anna's thought of the day:

It doesn't matter how old you are, as far as you are
good at investment and good at making money for yourself and others.
Download FREE eBook "The Complete Guide To Day Trading"
Ken Griffin started day trading when he was at Harvard. Obviously he started early and be successful early. If you want to start now, download this free ebook and become the trader you want to be.

Investment Banking Career

Monday, July 5, 2010

Follow Up Your Cover Letter With a Follow-Up!

I have just received this article from Jimmy Sweeney and could not wait to share with you. It should work well for investment banking jobs or any other jobs.

How would you like to double your job search odds? Is that a 'yes?' If so, please read carefully because I have a bit of magic to share with you that can make that possible.

The secret formula is this: Contact the company you want to work for not once but twice—first in your initial cover letter and then in a follow-up cover letter, giving you a chance to be noticed two times instead of one.

Make a GOOD First Impression TWICE!

Most job-hunters neglect this important step. They send out cover letters and then wait and hope. If no response arrives, they get discouraged, and some give up. But you don't have to be one of them.

Take It Easy and Keep It Simple

Ten days after your first cover letter write a short opening paragraph and add it to a copy of that letter and send it to the same person you contacted before. By adding the new opening you’re reminding the individual that he or she has heard from you before and now you're writing to advise that you're still interested and available to fill the position.


Dear Ms. Smith:

I contacted you a week or so ago and am following up here with a copy of my original letter in case it missed you the first time. I'm extremely interested in the position of (insert type of job) and would welcome meeting you for an in-person interview. (Continue with the original cover letter from that point on).

Think twice before you pass up this great opportunity to double your chance of landing an interview for the job you want. Follow through and follow up!

By Jimmy Sweeney
President of CareerJimmy and Author of the new, Amazing Cover Letter Creator

Investment Banking Resumes - Cover Letter Follow Up

Monday, June 7, 2010

Preparing for Popular IB Interview Questions

Are you preparing for an investment banking interview? Here are a couple of useful tools for you.

First, view this
Goldman Sachs interview skills video which provides valuable tips and hints.

Next, browse this list of
questions from Morgan Stanley and prepare your answers.

The questions you are being asked all depend on the interviewer. However some questions do come up more frequently than others. Here are the most popular questions which do worth your time preparing for. I have included some guidelines while preparing your answers.

Describe any of your personal achievements/extra curricular activities you are particularly proud of and why.
Your answer should include a situation where you demonstrated Leadership

Why did you choose to interview with us (Citi e.g.)?
Make sure you know the company and the position. Describe your motivation for wishing to work for Citi; the actions you have taken to learn about Citi and what key skills you possess that would make you a suitable candidate for the business area you have chosen. Make sure to have Clear Evidence of Motivation in your answer.

NOTE: Refer to my last post of May 14, 2010 - Bonus: The #1 Must Have

Describe a time when you have successfully solved a challenging problem or overcome a difficult situation.
Your answer should include a situation where you demonstrated Problem Solving Skills preferably with Commercial Judgement.

Describe a time when you have presented a persuasive argument to a group of people which resulted in a mutual outcome.
Your answer should demonstrate your skills of Influence & Persuasion. Make sure your situation ended up win-win.

Investment Banking Interview

Friday, May 14, 2010

Top 5 Interviewing Mistakes

I have the honour to have Mr. R. Scott Morris writing this guest post in my blog.

Scott is an author, financial engineer and quantitative consultant. He was the CEO of Boston Options Exchange (2006-08). He has also served as Managing Director of Goldman Sachs. Scott has conducted numerous finance interviews. He is going to talk about the top 5 mistakes that candidates make. To increase your success rate, please make sure to avoid any of these mistakes.

Top 5 Interviewing Mistakes
By R. Scott Morris

There are a number of mistakes that inexperienced (and experienced, for that matter) interviewees make. Listed below in no particular order are the top five that I have encountered while conducting first-round, on-campus recruiting. They have risen to the top because of their impact on my decision to place someone into the “no” pile and their frequency of occurrence.

1. Poorly Organized Resume
The first thing to keep in mind is that I am a busy person and that when I am entering the interviewing room, your information will probably not be fresh in my mind. Don’t make it hard for me to find the relevant information by having a poorly organized resume. Most resumes are full of useless words and irrelevant facts which hide the data you want me to see: your strengths, your character, and your intellectual capacity.

2. Bad Breath Effect
First impressions are key. If you are not well-dressed, have a weak handshake, don’t wear socks, show up late, are too casual, are rude or impolite, or, yes, have bad breath, you will make a bad first impression. I simply do not know you well enough to know whether this is a rarity or your normal character. I may very well assume it is the latter.

3. Not Answering the Question
If I am hiring you for an entry-level role in my firm, I need to know that you can follow instructions and do what you are told. Leadership skills and creative thought are important, but before you will ever get a chance to show me these traits, you will have to prove that you can do the little things well. How do I judge whether you can do this? The best way is to ask you a specific question, then see if you answer only what I ask. Beware: if I ask you what your greatest strength and greatest weakness are, I only want one of each. If you think you are impressing me by giving me three or four strengths, you have just shot yourself in the foot.

4. Rambling
You should practice answering short, fact-based responses to questions. A lot of times when people get nervous, they tend to drone on and on. Blabbers are poor team players and high maintenance employees. I will rarely ask a question that needs more than a one minute response. A question such as, “Tell me about your summer internship,” is not an opportunity to go into excruciating detail. It is a general question and should be met with a general response. I will ask a follow-up question if I want to drill down in a particular area.

5. Not Knowing Yourself Cold
You must be able to defend every word on your resume and every statement you say in your interview. Little loses my interest in a candidate faster than when she is not able to back up what she wrote on her resume. If you say you are fluent in Spanish, you better be prepared to conduct your interview in that language. If you mention a research project that you did during college, you better be able to articulate what you did and what your conclusions were. If you include a computer skill on your resume, you better be able to demonstrate some level of proficiency in it.

Bonus: The #1 Must Have
Here is the number one “must” that I look for in first-time job seekers when determining if I am willing to take a chance on them. This might seem obvious, but if you dismiss it as such, you will miss the point. Your resume, cover letter and responses during your interview should reinforce the following point:


How do you do this? It is quite simple: give me multiple examples of things you have done that show me that you are interested in the type of work that I do. Direct work experience is great, but related research or academic experience can be equally as good.

Happy job hunting! It is never too early to start adding a little shine to your interviewing skills.

R. Scott Morris

Author of Polished – Adding Shine to Your Resume, Cover Letter, and Interview Skills; GetHiredBlog

Investment Banking Interview
Recommended reading: Amazing Cover Letter

Tuesday, April 13, 2010

Who is the best person to write your resume?

Well, this is simple. You are the best person to write your own resume. You know yourself the best, your strengths, your skills, your qualifications…However not everybody enjoy writing. While I’m doing resume critiques for my readers, one of them really impressed me. Apart from straightly following my guidelines, his resume was completely flawless and there was nothing needed a change. And yet that was a resume from an undergraduate. On the contrary, I have come across some senior bankers who are extremely good in doing business but unable to write a one-page resume for himself.

Seek Help from iBankers
As investment banking is highly competitive, no matter how good your writing skills are, you need help from industry experts to raise your interview chance. My blog is here to help. If you feel more comfortable to have an expert to go through your resume before submitting, you may want to hire a resume critique service. Whatever you want, please make sure the service provider is a qualified person. Check their websites and study their sample resumes and see if you are convinced. Ask for the resume writer's bio if possible, check if they are members of professional organizations such as CPRW or PARWCC. But that’s not enough. Investment bankers with the appropriate writing skills are the rare bred we should look for.

To write a perfect investment banking resume, you need someone with ibanking experiences and someone who had involved in the hiring process is even better. If I were to recommend one resume writing service for my blog readers, here is They are formed by a team of former Wall Street bankers who will work with you hand-in-hand until you are completely satisfied. They are charging market rates and my blog readers can even enjoy 10% discount. Read more.

Investment Banking Resumes - Resume Writing Services

Tuesday, March 16, 2010

Investment Banking Salary 2010 – Asia Pacific

It’s bonus period again. So let’s talk about money and take a look at the outlook of investment banking salary 2010.

Investment banks have been moving their senior management into Asia, typically Hong Kong - HSBC, JPM and so on. The dynamic market of Asia offers great potential for people who want to make big money. If you are planning to move ahead to work in Asia, it’s time to take a look at the income potential here.

Analysts with three years of experience or less can expect to earn HK$500K-800K (US$64K-103K) for corporate finance and DCM, equity research could be slightly lower.

Among the financial hubs in Asia, which is your most preferred city to work in – Hong Kong, Singapore or Shanghai? In terms of income, Hong Kong is the most lucrative. In some cases, a position requiring similar experience, salary in Hong Kong might be up to 50% more than in Singapore.

Hudson has compiled a report comparing the income figures among the three cities - SALARY INFORMATION – ASIA – Banking & Financial Services – 2010. I have a copy of it. Email me at ibankingresumes(at)yahoo(dot)com with a headline ‘Investment Banking Salary 2010’, I’ll email you a copy.

NOTE: As of Q4 2010, I've closed this mailing service. We shall review IB salary early next year.

Try the scientific brain training program by Lumosity. It’s fun and it improves memory and attention. Get started for free.

Wednesday, March 3, 2010

Hire an I-Banker to Write Your Resume

I have a piece of good news for you to celebrate my blog’s three year anniversary in March.

Have you ever dreamt of having an investment banker craft your resume into a document that is both perfectly phrased and formatted? Sounds like an expensive, if not unlikely, proposition. Well, there's good news. can make your resume fantasy come true. They have a team of former bankers ready to provide resume writing services at market rates. I’ve even arranged for my readers to receive a 10% discount for a limited time. is founded by two former Wall Street investment bankers, John Zurbach and Grant Hosking. John and Grant read literally hundreds of prospective IB analyst and associate resumes during their banking tenure and have intimate knowledge of the hiring process. "A bulge bracket analyst or associate position has always been very competitive. In today's difficult employment environment, the competition is extreme. Forget typos, bankers are looking for any reason to disqualify prospective hires." says John. Perhaps your resume needs a second look?

The writing staff knows the exact dos and don’ts that will improve your interview odds. has helped candidates secure interviews and receive offers at firms such as Barclays, Goldman Sachs, KBW, Lazard, Morgan Stanley, and Stifel Nicolaus. They offer a money back guarantee and work with you one-on-one until you are completely satisfied – so there’s virtually no risk.

Investment Banking Professional Resume Writers - Click this link and use promocode IBS10PC to enjoy an exclusive 10% discount.

Investment Banking Resume Writing Services

Wednesday, February 24, 2010

Be a Private Banker in Asia

If you ever fancy private banking be your investment banking career, you might want to consider relocating to Hong Kong. One more senior banker has moved his desk here.

After moving its CEO to Hong Kong in January 2010, HSBC is in advanced discussions to move Chris Meares, the global head of its private bank, from London to Hong Kong.

Apart from HSBC’s senior moves, JPMorgan has just relocated its head of international private banking unit, Douglas Wurth, from New York to Hong Kong in February. “Asia is seeing greater growth in the ultra-high-net-worth space than any other region.” said Douglas.

There are more than 2.4m dollar millionaires in Asia Pacific with a combined wealth of $7,400bn, according to the latest data from Merrill Lynch and Capgemini. The region is forecast to overtake North America as the world’s largest pool of wealth by 2013.

You might want to review my previous post of ‘how to become a private banker’

Investment Banking Interview Guide
Amazing Cover Letter

Doug Wurth - Bio
JPMorgan Private Bank

Doug Wurth is a managing director of JPMorgan Securities Inc and global head of alternatives of JPMorgan Private Bank’s alternative investments group, which supervises over $33 billion in alternative investments including hedge funds, private equity and real estate. Doug is also a director and president of JPMorgan Private Investments Inc, which oversees private investment funds with $5 billion under management. Doug has been with JPMorgan since 1997, when he joined the Bank’s mergers and acquisitions group. He has helped lead the Private Bank’s global alternative investments business while based in San Francisco, London and New York. Prior to joining JPMorgan, he practiced law at the New York firm Skadden, Arps, Slate, Meagher, & Flom, and served as General Counsel to former Senator Robert Dole’s 1996 presidential campaign. Doug holds a B.A. from the University of Notre Dame and a J.D. from the University of Virginia School of Law.

Investment Bankin Career - How to become a private banker

Wednesday, January 27, 2010

HSBC CEO Makes Hong Kong Homecoming

Have you ever considered working in Hong Kong? The fast-growing Asian market has not only attracted top-notch bankers from the Wall Street, but also the HSBC CEO.

The 144-year-old HSBC has relocated its CEO Michael Geoghegan from London back to Hong Kong after 16 years. In a welcome ceremony today, Mike said he's going to enjoy a cup of Chinese tea as the first thing to do in his Hong Kong office.

Photo source: Reuters

Michael Geoghegan - Bio
Group chief executive, HSBC Holdings PLC
Mr Geoghegan is a career banker with over 35 years' international experience with HSBC. He has worked in the Americas, Asia, the Middle East and Europe. He established the Group's operations in Brazil in 1997 following the creation of Banco HSBC Bamerindus S.A and in 2003 he was honoured with a CBE in recognition of his contribution to British business interests in Brazil.

Investment Banking Resumes

Tuesday, January 5, 2010

Investment Banking Career Overview

My free ebook has generated encouraging responds. Some readers asked me for additional reading material.

Here is a link for you to access WetFeet’s Investment Banking Overview.

WetFeet has also published a book called Careers in Investment Banking. If you are keen to start an IB career, might get this book for more indepth reading.

Product Description from Amazon

Careers in Investment Banking - In this Insider Guide, you’ll find plenty of research from WetFeet's experts to help you launch your I-banking career. Turn to this popular WetFeet Insider Guide to explore what investment banks really do-forget all the corporate PR. Industry trends and what they mean for today's job seekers. Industry performance and how the major players have fared in recent rankings. Profiles of the leading firms, including financial highlights. Opportunities in corporate finance, public finance, M&A, sales and trading, and research... ...and what people working in each of these areas actually do everyday, in plain English. What insiders consider the pluses and the minuses of an investment banking career, from lifestyle and culture to travel and hours (oh, the hours!). Interviewing tips from industry insiders and recruiters.

Investment Banking Career Overview