What I can do after I quit as a market maker?

[ares9245]

I applied for junior derivatives trader position and I have passed the numerical test at optiver.
I'll have an interview morning in two weeks, with the recruiter and the directors.
I am wondering what kind of questions they will ask? To be honest, I don't know much about financial market.

Another questions is what other jobs I could do after I am tired of being a trader?
I am really unclear about it.

Last question, I have searched for quite a while, but I couldn't find an answer. What's the different between working as a trader in prop firms and IB?

Thank you so much guys.

All the best,

Lu

 

[options]

Another questions is what other jobs I could do after I am tired of being a trader?


Your kidding... right?

 

[ares9245]

Another questions is what other jobs I could do after I am tired of being a trader?


Your kidding... right?

No, I am not kidding. Why you think so?
I know it's hard to get in and it pays really well.
But I am just considering the possibilities, like market is not good, I am tired of starring at 6 or 8 screens and sitting there all day long.
Any inputs would be appreciated.
Thank you.

 

[Jack o'Clubs]

the only ex-traders I know either retired early with a mint, or are washed-up bums. A couple fit both categories, I guess.

 

[shadowninja]

From a mindset viewpoint, I would have thought going for a job with a focus on what to do when you can't stand it any more isn't a idea?

 

[Charlton]

I applied for junior derivatives trader position and I have passed the numerical test at optiver.
I'll have an interview morning in two weeks, with the recruiter and the directors.
I am wondering what kind of questions they will ask? To be honest, I don't know much about financial market.

Another questions is what other jobs I could do after I am tired of being a trader?
I am really unclear about it.

Last question, I have searched for quite a while, but I couldn't find an answer. What's the different between working as a trader in prop firms and IB?

Thank you so much guys.

All the best,

Lu

Quite frankly you need to pull yourself together.

Research like mad the company you are applying for and the market in general. You appear to have little enthusiasm for the position otherwise you would be making these obvious moves now.

I would suggest that you immediately get a book on interview technique and questions and show a lot more enthusiasm and get-up and go, otherwise you are bound to fail the interview.

This might sound harsh, but the interviewers will be far less kind than any of us will be on this forum.

Obvious questions are what do you kow about derivatives, why are you interested in this area, why do you want to join our company in particular. These are only the first of the most general questions. You have a lot of work to do.

Sorry

Charlton

 

[ares9245]

Quite frankly you need to pull yourself together.

Research like mad the company you are applying for and the market in general. You appear to have little enthusiasm for the position otherwise you would be making these obvious moves now.

I would suggest that you immediately get a book on interview technique and questions and show a lot more enthusiasm and get-up and go, otherwise you are bound to fail the interview.

This might sound harsh, but the interviewers will be far less kind than any of us will be on this forum.

Obvious questions are what do you kow about derivatives, why are you interested in this area, why do you want to join our company in particular. These are only the first of the most general questions. You have a lot of work to do.

Sorry

Charlton

Thank you for your advice. I'll do my homework before I go to the interview.
Have you got any suggustions about what book to read or which website to look for a crash course?

 

[Atilla]

I applied for junior derivatives trader position and I have passed the numerical test at optiver.
I'll have an interview morning in two weeks, with the recruiter and the directors.
I am wondering what kind of questions they will ask? To be honest, I don't know much about financial market.

Another questions is what other jobs I could do after I am tired of being a trader?
I am really unclear about it.

Last question, I have searched for quite a while, but I couldn't find an answer. What's the different between working as a trader in prop firms and IB?

Thank you so much guys.

All the best,

Lu

Why did you choose us?

Why did you choose this position?

What can you offer our company?

Where do you see your self in 5 years time?

Which sports do you play or are interested in? Are you a team player?

What was the high of your life?

What was a low in your life?

Which subjects did you study and why?

What do you do in your spare time?

Describe your self in three words?

What are your weaknesses? Tell us three things you don't like about your self!

If you could do anything in the world what would it be and why?

If you could go anywhere in the world where would it be and why?

What are the current issues in the derivative industry? And what are your views on it?

Do you know are chairman's name?

Do you know what we do and what are our specialist areas?

Why should we employ you?

Ask them who are their competitors and what is the company doing to take the lead in the industry? What is the company strategy? What is the company strengths and weaknesses. What are the targets and objectives? Read industry magazine headlines and pick a current market controversial subject and ask them for their views and let them explain to you their reasons. Form an opinion and express your reasons for your views. Engage and show interest.

Make sure you reply to at least one or two of their questions with your questions?

Having said all that you sound really indifferent and posing a question like what you could do afterwards - I would tell you I don't know and I don't care but do drink couple of red bulls before you go in to your interview... :idea:

 

[ares9245]

Why did you choose us?

Why did you choose this position?

What can you offer our company?

Where do you see your self in 5 years time?

Which sports do you play or are interested in? Are you a team player?

What was the high of your life?

What was a low in your life?

Which subjects did you study and why?

What do you do in your spare time?

Describe your self in three words?

What are your weaknesses? Tell us three things you don't like about your self!

If you could do anything in the world what would it be and why?

If you could go anywhere in the world where would it be and why?

What are the current issues in the derivative industry? And what are your views on it?

Do you know are chairman's name?

Do you know what we do and what are our specialist areas?

Why should we employ you?

Ask them who are their competitors and what is the company doing to take the lead in the industry? What is the company strategy? What is the company strengths and weaknesses. What are the targets and objectives? Read industry magazine headlines and pick a current market controversial subject and ask them for their views and let them explain to you their reasons. Form an opinion and express your reasons for your views. Engage and show interest.

Make sure you reply to at least one or two of their questions with your questions?

Having said all that you sound really indifferent and posing a question like what you could do afterwards - I would tell you I don't know and I don't care but do drink couple of red bulls before you go in to your interview... :idea:

Thanks a lot for your advices.

 

[shadowninja]

This is a very good book for tough interviews: Clicky!

 

[Charlton]

Thank you for your advice. I'll do my homework before I go to the interview.
Have you got any suggustions about what book to read or which website to look for a crash course?

Considering Your Original Forum
post you could search amazon for
some simple introductions to
derivatives e.g. http://www.amazon.co.uk/All-About-D...0058255?ie=UTF8&s=books&qid=1192571997&sr=8-1

Charlton

 

[Directional]

trying to go into the field of trading whilst thinking of what you'll do afterwards is not really the attitude that will set you apart as an enthusiastic candidate who is likely to do anything necessary to succeed... in an industry where you will be required to work silly hours and love what you do blindly.

 

[ares9245]

trying to go into the field of trading whilst thinking of what you'll do afterwards is not really the attitude that will set you apart as an enthusiastic candidate who is likely to do anything necessary to succeed... in an industry where you will be required to work silly hours and love what you do blindly.

thanks a lot for your inputs.
What you said definitely makes sense.
It's just that I'd like to plan my career and I want to know where I am heading to and have a backup plan.
As I am applying for strategic consulting firm as well, and I know well what i can do and where I can go after working as a strategic consultant. That's why I'd like to know the same for trading.

 

[TheBramble]

A Strategic Consultant? And you’re asking us what you should do?

Game Over.

 

[ares9245]

A Strategic Consultant? And you’re asking us what you should do?

Game Over.

Thanks for the attention, but maybe you should read my post a bit more carefully before you say something.

 

[TheBramble]

And maybe you should do as I suggested yesterday.

The fact you didn't respond to that tells me I was on the right track.

Game definitely over.

 

[Atilla]

Thanks for the attention, but maybe you should read my post a bit more carefully before you say something.

Hi Ares,

To the questions raised below and by T2W guys here one thing to bear in mind is that there are no right or wrong answers and you are more likely to be judged on your behaviour and ability to analyse and hold conversation than your answers.

I'm sure the company will be looking for an intelligent human mind which they will attempt to mould into playing a mechanical part in their money making machine.

Allow your self to resonate with negative and positive vibes and absorb all energies directed at you. You'll have more spring and flexibility to deal with the slings and arrow of men as well as outrageous fortune of lady luck...

Good luck...

 

[ares9245]

Hi Ares,

To the questions raised below and by T2W guys here one thing to bear in mind is that there are no right or wrong answers and you are more likely to be judged on your behaviour and ability to analyse and hold conversation than your answers.

I'm sure the company will be looking for an intelligent human mind which they will attempt to mould into playing a mechanical part in their money making machine.

Allow your self to resonate with negative and positive vibes and absorb all energies directed at you. You'll have more spring and flexibility to deal with the slings and arrow of men as well as outrageous fortune of lady luck...

Good luck...

Very good suggestions!
Thanks a lot.

 

[charliechan]

well, its quite rare i see someone over 45 (eg) on a trading floor. they do exist, but not many people trade for more than 10 years interms of intense screen monkey jobs (market making). others may try different styles of trading - longer term, managed funds, etc.

out side of trading, risk managers are always in demand. or, go set up an arcade or fund and get others to stare into the screen and earn your dough that way. go be a sales trader/broker (aka ex liffe locals!), write a black box etc...

there are loads of things you can do. and yes, consultancy is one of them!

unlike others, i don't think youre so stupid if you already realise trading isnt so glam, and it can be very boaring. it shows you already have some empathy for the job!