Frustration setting in!

Citi
Futures

#1

Dear all

I am an acomplished accounting and finance student who has achieved an upper 2:1 from Brunel University, with 320 UCAS points, although i have no relevant banking experience i been working in accounts for some 3 years and have managerial experience for more than four.

I am looking for a job as a Futures or Derivative trader however obviously dont have the experience. Apart from applying to intership and grad schemes for 2009, vacancies at citi jobs, efinan careers etc, and enlisting with recruiters which im not having much luck with can any one else offer some advice during such a volitile time for graduates trying to break into this sector.

Although i have sheduled interviews, I have had limited responses from my applications.

I am also studing for my IMC and have secured a place at Reading University for MSc International Securities, Investment and Banking.

I look forward to your valued comments.


#2

well the current situation isn’t ideal for anyone really, so don’t worry, you’re not the only one in that position. the only advice i can suggest is keep on going, i’m sure the hard work will pay off in the long run. recruitment agencies usually have their own agenda with helping people get a job; i personally have not found them to be helpful. i’d be tempted to send a heck load of speculative cvs to any banks or companies you can think of. try the list of investment banks on wikipedia- google them, find e-mail and send cv and short cover letter. good luck!


#3

…also check the [[list of investment banks]] on wikijob - [[list of investment banks|here]].


#4

Champ, markets being in turmoil, I doubt firms would be keen to hire a lot of grads into trading roles. Try to apply for positions that at least help you get some transferrable skills. My top alternative list would be:

  1. Risk management positions
  2. Research roles
  3. Commodity traders such as BP, Shell
  4. target smaller firms
  5. other commercial roles (Big 4, IB roles, etc)

botirvoy


#5

Botirvoy has given some sound advice. I would also consider developing some niche skills in the meantime. Learn another European language, and consolidate any other languages you have. Become a master (and I mean a master) of Excel, PowerPoint, Word. Read widely, from the history of banking and specific banks, to specialist books in your chosen division. If you haven’t done so already, look at trading on online trading platforms too.

You wouldn’t want to secure a job now anyway. Even if I was offered, I would look to defer if possible (although, yes, that’s virtually unheard of), because an already volatile sector has just got worse. Who knows if they’ll actually honour your contract in the first instance! Instead, focus on becoming an excellent candidate, which will put you in good stead for when things calm down. You’re already making steps to do that, which is great.

Oh, and remember: 99.99% of the time, a candidate will probably need to send out 6-7 good applications/CVs for every interview offer. And from that, you will probably need 4-5 interviews to get really good at interviews. In other words, you will get it if you really want it, but you will have to stay resilient.

Best of luck.