How to Become a Trader at an Investment Bank
- 1). Take as many quantitative business courses as you can as an undergraduate. While your degree should be in finance, economics or another related field, develop as many quantitative skills as you can because they will be the lifeblood of your work once you become a trader. Because of the online nature of trading in the marketplace, advanced computer courses also are recommended, especially for the major firms on Wall Street.
- 2). Seek a summer internship at an investment bank, hedge fund, proprietary trading firm or any type of financial institution on or around Wall Street. The prestige of the names of the financial institutions that are found on Wall Street goes a long way in helping you achieve your goal of becoming a trader at an investment bank. Also, because some of the largest investment banks in the world are on Wall Street, obtaining an internship at one of these firms is the most direct route to becoming a trader.
- 3). Complete your undergraduate education, all while staying in close contact with the firm you interned for while in school to ensure that you are still on its radar and it is aware that you are seeking employment as a trader. The success of your conversations largely will be based on how well you perform during your internship, so put in maximum effort during those vital summer months. Also, network with as many current employees of that firm as possible. These contacts are invaluable if you do not receive an offer and could point you in the right direction at another firm.
- 4). Contact the prospective employer and do whatever it takes to set up an interview. Begin by sending email messages to those in charge of interviewing, and if this doesn't get results, call the office and ask to speak with the employer directly. If you end up getting an interview, intensively research the firm and learn all about the divisions and infrastructure of the company. During the interview, showcase your knowledge of the trading business as much as possible to show the employer that you are well educated about your future position. Always keep strong eye contact and speak clearly and articulately when asked a question. While doing all of these things does not guarantee that you will get the job, they will certainly make you a strong candidate.
- 5). Follow up with the prospective employer within 24 hours of the interview and reiterate your interest in the position. Doing so will separate you from the pack and make you stand out in the employer's mind.
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