MET Traders?? Any info appreciated

This is a discussion on MET Traders?? Any info appreciated within the Home Trader forums, part of the Trading Career category; Its really hard to find info about MET on the internet so ill give my 2 cents. I applied online ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 13, 2012, 2:21pm   #31
 
2 Posts
Joined May 2012
Re: MET Traders?? Any info appreciated

Its really hard to find info about MET on the internet so ill give my 2 cents.

I applied online through a third party website which only required my CV. I got a phone call a few days later inviting me for a numerical test. The offices arent in central which is a bit annoying to travel to, but apparently they are opening new ones in canary wharf soon.

The offices are nice enough, everyone has about 6 six screens and it seems quite chilled.

Anyway the numerical test is just simple maths questions, 20qsns 10mins or 20 mins i forget, like 34x324 = ? Not like SHL in which they try and catch you out with graphs and crap like that. The pass mark is 80%.

After the numerical test I was given a financial test. Apparently this test doesnt impact your chances of getting an interview. they just want to see how much you know. The questions are qualitative and quite easy.

After i finished my tests i was notified of an interview. The interview was with the head of training programme. Seemed like a very clever guy. The interview is KILLER. prepare to die. I think they want to see how you perform under pressure. not so much how you answer the qsns. I recall being asked 3 questions at a time at one point, like 2 maths qsns and one personal qsn so your brain starts to hurt.

I was invited back for another interview with the founder of the firm, it was quite informal and grilling again. he was working while the interview was taking place so its quite odd.

I got an offer the next day. Any questions please dont hesitate to ask. I will be reluctant to answer any question that helps identify me, you know how it goes...

Apologies for any grammatical/spelling errors.
bobdiamond is offline   Reply With Quote
Old Aug 13, 2012, 5:58pm   #32
Joined Jan 2010
Re: MET Traders?? Any info appreciated

do you trade spreads or outrights? or both?

Thanks in advance
Pi3141 is offline   Reply With Quote
Old Aug 13, 2012, 6:01pm   #33
 
2 Posts
Joined Aug 2012
Re: MET Traders?? Any info appreciated

thanks for this very helpful,


now that your working there could you let me know what their reaction is to people coming in from non trading / finance backgrounds, and a degree that is not related to the finance world.

any guide would be helpful

thanks
edlast is offline   Reply With Quote
Old Aug 14, 2012, 3:29am   #34
 
2 Posts
Joined May 2012
Re: MET Traders?? Any info appreciated

Cant answer your qsn Pi3141 sorry.

Most people are from a finance background. I think it may be difficult to get the inital interview if not from such a background, only because of the number of applications received. I think they understand that being a successful trader isnt really dependent on your level of financial knowlege before joining the firm. There is an extensive training period to get everyone upto speed.
bobdiamond is offline   Reply With Quote
Old Aug 14, 2012, 11:45am   #35
 
2 Posts
Joined Aug 2012
Re: MET Traders?? Any info appreciated

thanks for the quick response,

what would your suggestion be i am eager to get into trading and i am happy to work on the basis of 100% commission what would you suggest would be the best way of entering the market place.
edlast is offline   Reply With Quote
Old Nov 13, 2012, 5:11pm   #36
 
2 Posts
Joined Nov 2012
Re: MET Traders?? Any info appreciated

Hi there,

I've recently been invited to test and interview with MET and was wondering if you could answer a few questions from your experience.

I'm assuming the numerical test is the generic 'trader test' - rapid mental maths style questions?

With regard to the interview, will I need to do some brushing up on futures/general technical aspects of the role, or is it focused on learning about me and how I cope with pressure?
lucianstone is offline   Reply With Quote
Old Nov 14, 2012, 5:14pm   #37
Joined Oct 2012
Re: MET Traders?? Any info appreciated

lucianstone, what is your academic background and what work experience do you have to date?
Hedge Fund Wizard is offline   Reply With Quote
Old Nov 14, 2012, 6:02pm   #38
 
2 Posts
Joined Nov 2012
Re: MET Traders?? Any info appreciated

BSc Mathematics and just finished an MSc Financial Management.

In terms of relevant work experience, none beyond a week in Private Equity Ops and some brief daytrading of my own.
lucianstone is offline   Reply With Quote
Old Nov 15, 2012, 7:21am   #39
Joined Nov 2012
Re: MET Traders?? Any info appreciated

I've never really met many traders except myself, but something tells me, they're awesome
Kinley14 is offline   Reply With Quote
Old Dec 20, 2012, 2:38pm   #40
Joined Mar 2006
Re: MET Traders?? Any info appreciated

Quote:
Originally Posted by Kinley14 View Post
I've never really met many traders except myself, but something tells me, they're awesome
They're not awesome by any stretch....just regular
guys and girls trying to make a living independently. Nothing separates them from a shop owner, stall holder, car salesman etc, other than the fact that it is sold as a glamorous job by the media. The fact is very few make a decent living out of it, and by that I mean making upwards of £75K. For the record, I didn't make it trading and feel no shame or bitterness in it. But does that make the ones that do awesome? I'd say not. Does it mean they've got great discipline and money management skills? Yes. To make it as a trader is an awesome accomplishment and I tip my hat to anybody that has, but as a person, all they are is a successful businessman/woman. No more, no less.
iel187 is offline   Reply With Quote
Old Sep 2, 2013, 7:04pm   #41
 
91kris's Avatar
 
1 Posts
Joined Aug 2013
I've had an test and interview with these firms, so would like to share my experience.

There was an initial 20 question mathematical test in 10mins (pass mark 75%); this has multiplication, division, addition and subtraction of numbers, fractions and decimals. This was followed by a general financial industry quiz (20 questions in 10mins). Both of these had no bearing on gaining an interview. The interviewer was a Economics graduate from Cambridge, who seemed to be a nice guy, although appear to "look down" at me (as I am a postgraduate student from the University of Surrey).

The position I applied for required 2 months of unpaid training, then if I were to be successful, then I would move onto a live trading account.

The live trading account would have a fee of £1000 per month, then this would increase to £2000 per month afterwards and continue increasing. It is expected that you aim to earn £5 a day per week, then move to £10, then £25, then £50 and so on until you become profitable. Also, during this live trading account time, you are on a 50:50 relationship, which can be negotiated to 70:30, then 80:20 as you progress.

It is expect that you become profitable (if at all) at around month 9 of live trading (9 months live account trading + 2 months of training = 11 months unpaid, with expenses going out!).

Overall, I feel that this is a last resort option to gaining experience in a real trading firm and only if you have deep pockets to sustain yourself and cover your fee's for around 11 months or more.
91kris is offline   Reply With Quote
Old Jan 14, 2014, 7:03pm   #42
 
3 Posts
Joined Jan 2014
interview

Hi 91kris,

Thanks for the insight you gave so far. it's very useful.
Could you share your experience of the interview at Met Trader (the 1st round of interview), what questions did they ask? do you need to talk about trading strategies, knowledge of trading that you have? Thanks

Tiggi
Tiggi is offline   Reply With Quote
Old Jan 15, 2014, 11:50pm   #43
Joined Jan 2013
So why not just trade your own account rather than pay thousands each month to sit in someone else's office to trade for yourself anyway?
Steakeater is offline   Reply With Quote
Old Jan 16, 2014, 12:06am   #44
Joined Jun 2012
Quote:
Originally Posted by Steakeater View Post
So why not just trade your own account rather than pay thousands each month to sit in someone else's office to trade for yourself anyway?
Steak - people want to feel "City" (Err even in West Hampstead. ), especially if young, you know that. Don't think it's entirely unhealthy even if they get screwed on early splits. Bulge bracket academic requirements are only going to make these places more popular, think there will be a prop resurgence after a long period of being down. Not in terms of money made off the markets mind. Just in terms of headcount.
random12345 is offline   Reply With Quote
Old Jan 16, 2014, 12:12am   #45
Joined Jan 2013
Quote:
Originally Posted by random12345 View Post
Steak - people want to feel "City" (Err even in West Hampstead. ), especially if young, you know that. Don't think it's entirely unhealthy even if they get screwed on early splits. Bulge bracket academic requirements are only going to make these places more popular, think there will be a prop resurgence after a long period of being down. Not in terms of money made off the markets mind. Just in terms of headcount.
Between the splits and the desk costs it must be very difficult to make money, if these guys were such good traders why would they bother with the hassle of training up loads of guys etc.?
Steakeater is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Info on Traders International wanted troyss1963 Trading Systems 101 Jan 20, 2013 10:51pm
Anyone have any info on Argo Traders teen_trader Trading Firms 1 Jul 14, 2007 8:27pm
Any help would be appreciated snuffy The Foyer 1 Dec 13, 2004 6:03am
SpecForum.com - new site/opinions appreciated spec Educational Resources 5 Nov 2, 2004 2:04pm
EOD FTSE Trading Strategy. Tweaking Ideas Appreciated! FetteredChinos Trading Systems 9 Jan 7, 2004 5:09pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)