Archive for the ‘Uncategorized’ Category

Your First Bonus – What to Expect

By Derek On September 8, 2011 No Comments

“If you don’t follow the stock market, you are missing some amazing drama.” Mark Cuban

As I have said in other posts, you should look at your first year in finance as a golden opportunity. It is an opportunity for you to learn not to earn. To be frank, in your first year you are basically a burden and wasting other people’s time. You are tolerated, and paid a pittance because of hope (“expectation” is too strong a word). It is “hoped” you will make a contribution to the team eventually.

If you are given a bonus at all consider yourself lucky. Your bonus will be tiny and more of a token bonus than anything else. Be thankful and say so. Don’t be shy. Your boss will pull you aside into a small, usually windowless room, and push a piece of paper across the table toward you. Typed on it will be

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What is the Difference Between Buy Side and Sell Side?

By Derek On September 7, 2011 No Comments

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” George Soros

What is the “Buy” side?

Easy: the guys who are buying the stocks, in other words, the clients! A person who works on the buy side may be a portfolio manager, an analyst or a trader. Either way, they are hugely important to the “Sell” side. Without them we don’t exist.

What is the “Sell” side?

Easy: the guys who are trying to “sell” ideas to the clients. I am a sell side guy and so are my sales traders and analysts.

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Do You Have the Right Personality for a Career in Finance?

By Derek On September 6, 2011 4 Comments

“What if there were no hypothetical questions?” – George Carlin

People outside of finance frequently ask me what it takes to work in this business. There is a lot of bad information out there, usually promulgated by jealous, misinformed, underpaid hacks (aka journalists). I can only speak from my experience – and that is the aim of this blog – on what type of people do well in the various roles in finance.

Are You “Front Office” Material?

This business is very competitive and very international. The most interesting jobs are to be found in …..

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