Sales and trading work experience
It's a work in progress and we rely on your feedback to improve. Find out what's changing. It's easy to opt out of the beta if you want to set up a job alert and you can return at any time. Back to Search Results Sales Trader. Permanent, Full time Company: The duties and responsibilities of the role include, but are not limited to: Work closely with institutional sales force to assist in the identification of trading opportunities for clients; Communicate trading ideas and precisely interpret investment opinions of research reports to clients; convey relevant market information to clients in a timely manner; Ensure good trade executions to clients; Responsible for developing relationships with clients through trading and execution services.
Knowledge Knowledge of overall stock market, Hong Kong is preferred, whilst remaining up-to-date with current affairs. This helped me to understand the markets and also put some of the concepts which I had learnt during the course into practice. I was reading whatever I could about the markets and seeing how it impacted them.
Once my confidence increased, I borrowed some money from my father and started trading real money on the side while I was studying.
I feel this was of paramount importance, as making and losing real money helped me to enhance my trading a lot quicker, as I focused more now that the money was real. The next step I took was to begin applying for trading internships at the major investment banks to carry out during the following summer. After writing endless pages on my strengths and weaknesses for the applications, I started to receive some favourable replies from banks for interviews. I knew I had to stand out. I will never forget the first interview I had.
As you can imagine, I was very nervous. Obviously this was not the answer he was expecting, and when I got rejected for the role, not the answer I was hoping for either. I found myself going through numerous first round interviews at some of the banks, which helped build my confidence and improved my interview technique.
I feel when you are applying, it is a numbers game, so do not just stop at a few. Also, you really must make sure you research the role at the bank and go in armed with a sound knowledge about it.
I recall fondly the day in February , when I was in the computer room at university slightly hung-over from the previous night, that I received an email from a person with an email ending in gs. To my delight I had been. I spent the next few weeks preparing for the interview by memorizing my CV and application form, reading the FT every day, and maintaining my trading, so I could display a greater understanding of the markets. I walked into the Goldman Sachs offices on Fleet Street, and knew instantly that this was where I wanted to be.
As I waited in the meeting room, the butterflies increased in my stomach to the point where I thought there was a royal rumble taking place. I heard some footsteps, and then someone from Human Resources walked in and interviewed me on my CV and accomplishments. After 30 minutes or so, she left and sent a trader in to speak to me. This brash guy then walked in with a watch bigger than Big Ben, and asked me what my view is on the market.
No hello or anything. I talked to him about the trade which I had placed on my trading account. He was deeply interested in it, and wanted to understand my logic as to why I had placed the trade.
I explained, and was quietly confident when he stated he was worried I would come in and take his job! They then have to make prompt decisions about when to buy preferably when the price is low and when to sell preferably when the price is high securities and other financial products.
The ultimate aim is to make as much money as possible for their client, whilst reducing financial risk. A proprietary trader buys and sells financial products on behalf of the bank that employs them. A sales trader acts as a mediator between the client and the people who are responsible for actually executing the trades. Rather than directly making risky decisions like flow and proprietary traders, sales traders take orders from their clients and communicate them to the traders who are working on the front line.
Finally, they also have to complete routine administrative duties to keep track of deals made, assets acquired and money lost. Traders are also usually paid sizeable bonuses based on performance. Financial traders tend to start at around 6. Some days you may finish at 5. Different markets, however, operate at different times and this will, therefore, have an impact on your working hours. Investment banks only tend to recruit the very best graduates.