I work in the City, ask me nothing

Yes it is basic knowledge & it is required
You can confirm it from Dr Yves Nosbusch, I guess he sits on 3rd floor in Old Building. He specializes in financial risk analysis

Networking

How exactly did you network?

I'm a summer intern. Mon-Fri for the duration of the summer holiday.



Networking



Begs the question.. how did a retard like me get one?

PS that post is *******s, people go in with less financial knowledge than the questions you've asked. I know at BAML, analysts get flown up to NY for finance classes/training session in the first week.

I used my mouth?

edit: In all seriousness, I applied for insight day events at various institutions, attended them, got developing relationships with analysts/VPs/SVPs, kept in touch, asked questions/advice, showed interest.. one thing led to another.

Thanks I'm considering IB but I don't know where to even begin networking. My brother goes to Eton so a lot of his friend's parents work in IB. Wasn't sure if that would be a good place to start or not.

Perfect, if you can get their contact info! Just ask for a small chat, I'm sure they'll be happy to speak to you.

I thought most banks have 6 week training programs for full time analysts, that true?

Also, how much do you expect to learn from this internship? Will you learn enough to add value to the team?

Awesome I should be able to nab them off my mum xD

Just make sure they know who you are..

Usually I'd start a conversation like

"Hey xxx, it's Abdul, do you remember we were speaking a couple days ago about xxxxx, I was wondering if you would be able to offer any advice on any material I could possibly read upon regarding what your role entails..."

*These guys love speaking about what they do lol, believe me.."

Then you can go on communicating via email.. and eventually something may develop.

There are millions of different ways you can go about networking. We as students don't really have nothing to offer these employees so it makes it much more difficult but even the smallest advice is greatly beneficial.

Yes, it is because I have worked as an IT technologist in IB thereforeI know the environment/procedure/patterns etc



Was it for risk?

I have done an internship in risk so it is definitely "yes".

NOTE: I have no doubt that OP is doing an internship, in fact I am happy for him because I like people when they are progressing in their fields. But certainly, he is very lucky because he has no prior elementary knowledge of risk and yet he's working in risk. I hate people when they claim/quote the technical/fancy terms like "fixed income securities" "options" "financial risk management" "asset pricing" "derivatives" etc whereas they don't know anything about them, and in reality they are doing some s*it jobs in IB.
Financial risk internships at IBs require solid background in university level maths especially abstract probability so that he/she can assist his/her team by using basic hedge techniques and point out arbitrage in portfolio.

Yes.

but it's not. /

That's the type of jargon I'm being taught

In short I'll give a brief description of what I know these to be:

Fixed income securities: Things such as CDs & Bonds in which you pay a principal and receive a coupon for a fixed amount of time.

Options: A risk management technique where you have the right to either utilise that option at a specified time for a premium.

Financial Risk Management: The various Risk Management techniques such as hedging, options, futures which are used to offset the chance of financial losses.

Asset pricing: Don't have a clue yet tbh

Derivative: A financial instrument which derives its value from the underlying assets.

What's the best bar in the City?

How **** is CW?

Roughly how many times have you visited Inferno's?

I don't know, I don't drink.. usually just go and chill on the bench at lunch because I'm so tired and meals are like £17 in the kitchens. I have £13 balance on my debit card.

I don't work in CW. I work in the Sq Mile, although I much prefer the atmosphere of CW.

A grand total of 0 times

Work in assisting my team. I work in Risk, so we essentially look at trades and the risks attached to certain investments traders make.

I used my mouth?

edit: In all seriousness, I applied for insight day events at various institutions, attended them, got developing relationships with analysts/VPs/SVPs, kept in touch, asked questions/advice, showed interest.. one thing led to another.

Ah sorry, didn't realise you were an intern. Surely you go to bars on intern socials? You don't have to drink to go for the networking, though they are generally in **** bars?

Seriously?! The place is dead, most people I know would work in Birmingham about as soon as CW.

You will on time, it's practically compulsory for young City boys, get down there in pastel coloured chinos and the white Ralph Lauren Oxford for full effect.

Given you're at a French IB have you got a stint at the Defense at all? See the mothership.

Favourite way to chill post work?

How fed up are you of hearing about paleo/Cross Fit? Seems everyone on the City's on it now.

Currently just learning more of the financial jargon and being taught to use the systems, as it's my 3rd day. I just work on trade monitoring atm.

That sounds so awesome, might look into it more once I'm done with my law work experience

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