Independent work prepared by: matmurodov elmurod

Sales & Trading Core Competencies

• Quantitative Skills – e.g. bond math
• Passion for financial markets and macroeconomics
• Sense of risk/reward
• High ethics/integrity
• Quick decision makers
• Concise communicators
• Interpersonal – can survive on chaotic trading floor and build relationships with clients

Associates and Analysts are the core of the “execution team” responsible for team workflow. A good Associate who is able to work semi-independently is a “blessing” for MDs and VPs. They make their life easier!

Associates and Analysts are the core of the “execution team” responsible for team workflow. A good Associate who is able to work semi-independently is a “blessing” for MDs and VPs. They make their life easier!

• Analysts (3years)
• Everything falls on them
• Will frequently be expected to work weekends
• Analytical, financial modelling, public comps, deal comps, DCF
• Document preparation
• Complete the ‘grunt’ work, not expected to contribute to client meetings
• Associates (3-5years)
• Manage and assist in the execution of transactions
• Responsible in front of the MD and the VP of the analyst’s output (investment books and modelling
• Discuss details and numbers involved in deals with VPs and MDs
• Expected to contribute to team discussion and clients’ meetings
• Provide rapid and accurate market judgements
• Prepare and deliver clients’ presentations
• Act as a mentor and role model to Analysts
• Can work “semi-independently”

 

The Future

• Increasing regulations create more jobs in compliance
• Technology massively transforms banking, banks risk being disintermediated by Fintech firms
• Fintech (organisations that build technology to make financial systems more efficient) is the fastest growing sector in London
• AI is not a massive threat to Investment Banking, it mainly helps to streamline processes which may affect middle office roles (operations)
• Traders are now just coders who can write and fix algorithms
• Coding skills are increasingly important for Investment banking