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Are there any trading firms in Australia or Asia Pacific that have trading internships??
Internships at trading firms?
- Thread starter jono1887
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Depends what you meant by "internship".
If you are a student and want some holiday work, then you might be able to get it.
If you want a full time "trainee trader" role with one of the retail or investment banks, then there are two main entry points. Firstly, get a good degree - business, economics, mathematics etc and go through the graduate entry program. Other option is to join the support function - risk, accounting or settlements and if you do a good job you might get a chance to get a trainee role which involved getting the coffee, executing some orders and maybe running a very small position. If you are good at it, voila, you're a trader
. If you are crap, back to settlements you go.
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Depends what you meant by "internship".
If you are a student and want some holiday work, then you might be able to get it.
If you want a full time "trainee trader" role with one of the retail or investment banks, then there are two main entry points. Firstly, get a good degree - business, economics, mathematics etc and go through the graduate entry program. Other option is to join the support function - risk, accounting or settlements and if you do a good job you might get a chance to get a trainee role which involved getting the coffee, executing some orders and maybe running a very small position. If you are good at it, voila, you're a trader
I'm a student wanting some holiday work... what firms would offer this?
jono1887
I know the major retail banks have offered in the past. And am sure lots of other banks would also have something similar. They try and get the keen and smart students in for holidays, impress them, try them out, and then offer jobs as grads. Obviously, assuming you work out.
I can think of two ways to find out - you can email or phone lots of banks (HR area) or you could try the careers area at your uni - they may have details of those banks and other organisations that offer holiday internships.
If you want the holiday work, helps to have an impressive CV - good grades, interest in finance, charity work, leadership positions, scholarships, prizes etc. Don't lie, but nothing wrong with a bit of exaggeration. Even working at McDonalds is seen as showing initiative and demonstrating the ability to hold down a job.
Good luck
Julia
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Agree. Be prepared to do anything if you can't get exactly what you want.
I can remember my first school holiday job. It was before automated postal services.
I spent the entire Christmas/New Year summer holidays (6 weeks) standing at a bench hand stamping the postmark on every letter that I laboriously cleared from the boxes. I whined and grizzled about it but my parents said 'tough luck, kid: it's time you learned that there's nothing for nothing".
It was a good lesson at the age of I think 14.
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Good Grade - check
interest in finance - check (but how do you portray this in your CV?)
charity work - check (over 40hrs a year for the past 3 years)
leadership - school prefect (not much.. but its all i got)
scholarships - free ride through private high schoool, & $30k+ in offers from various universities... to bad the one im going to didnt offer me a scholarship =(
work - check (done 18 months at KFC, 4 months at Pizza Hut, 6 months tutoring maths)
so what else do I need as i seem to have been rejected by a the major firms so far... apparently they are looking for uni students that are nearing the end of their deg, so theres not much i can do about that atm.
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its entirely possible you just don't have the 'vibe' of a trader.
have a shot at banking perhaps
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also think about doing further study specific to financial markets eg Kaplan Diploma/grad diploma in applied finance see kaplanprofessional.edu.au
the course used to be run by the "Securties Institute of Australia" and was studied by many new graduates working in major banks. Got me into financial markets (1994!) along with having studied a language - not that I ever spoke a word of it on the job!
even if you just look into the course and can say that you are keen to get into part time study specific to the industry, beyond what you learnt at uni.
the course used to be run by the "Securties Institute of Australia" and was studied by many new graduates working in major banks. Got me into financial markets (1994!) along with having studied a language - not that I ever spoke a word of it on the job!
even if you just look into the course and can say that you are keen to get into part time study specific to the industry, beyond what you learnt at uni.
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are there any smaller trading firms like Optiver and Barber Consulting that offer anything. I actually wouldn't even mind doing unpaid work there... I've sent out a few emails but no reply yet...
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Barber Consulting is a 1 man recruitment agency run by a bloke called Daniel Barber (funny that) not a trading firm.
And Optiver are one of the larger independent Market Makers going around, incredibly hard to get in to.
Trembling Hand
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peculiar question.
yeh, it is abit;
but from my schooling days, asians seemed more analytical and mathematically minded.
mean no disrespect.
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white_goodman
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maby 40% based upon what I viewed taking the propex interviews...
might be different for market makers... might be something to do with being better students but having weaker people skills typically...
who cares tho
That's because you don't know what happens behind the scenes. Asian parents generally drive their kids much harder. This also often leads to deficiences in other areas, as white goodman suggested.
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ahh... i hate all the frickin stereotypes about Asian parents. My parents did not drive me to study at all, I was self motivated to achieve high marks all through my life. I'm naturally competitive in anything I do... including my studies...
white_goodman
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dude its not the worst stereotype you could have lol, atleast your better than me at maths...
In major banks, no, for historical reasons. But they make up a fair percentage of the graduate intakes. A majority of the intakes - don't think so, but did not ever do the maths. Not that surprising there a lot though, if you look at the lists of HSC results and honour roles, there are lots of Asian names. So you would expect lots of these to move through to high paying professions.
