Re: tell us about your job
What do you do? European High Yield & Distressed Bonds (Broker). Also partime DJ (Weddings/Birthdays etc)
Do you like it? I enjoy the good times and hate the bad times... When we're busy its a great job, when we're not its horrible...The only reason anybody ever does this job is for the social aspect of it. the entertaining side involves all the top restaurants/clubs/bars/strip clubs..and the fact that it can be very lucrative...
What makes you in particular well-suited or poorly-suited for your work? I used to be a holiday rep. I am an extrovert and a quick thinker. Good with numbers and very hardworking. I'm popular which helps immensely as this job is not what you know its who you know....
What kind of people do best in your work? Those who get in the right product at the right time, and have good friends (realtionships) on the other end of the line...
What qualifications are necessary for people considering work in the same field as you?
A contact in the city... who has decent credentials...
What is a typical day like? I'm up @ 5.50am - In work for 7am and finish at 5.30pm - I get in @ 6.10pm....During my day i have 4 bloomberg screens up keeping track of the ITRAXX/World Equity Indices/All my bonds and then my message screens... I surf/browse the internet all day with 2+2/Myspace being the main recipients. I also multitable MSN as well..Thats about it..
What kind of problems do you encounter? More established relationships...They get first look on the prices and so the chain is started...they get the first counters and etc...being second is no good in my product....
What are the biggest (most common) sources of frustration and elation? Taking margins out of trades...and losing money on trades...As we're execution only the gamble in us to make money is what creates this..
How much do you make? A decent amount for someone my age who has been in the job 3 years with the prospect extremely decent twice yearly bonuses.. On my old desk - there was 7 of us...and the 2 bosses were on £1M each.... luvverly !! in $$$, i'm aiming for approx $110K this year..
How much can one expect to make in your position? I think if i'm earning £200K a year in 3-7years then its fairly easy money and I'd be very happy with that... Being 30 and getting £250 a year is my aim...
Vava
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