Jacksongol

• Bmo Sales And Trading Rotational Programs
• Bmo Sales And Trading Rotational Program Online
• Sales And Trading Salary
• Sales And Trading Careers
• Bmo Sales And Trading Rotational Program

1 BMO Capital Markets Sales and Trading Associate interview questions and 1 interview reviews. Program (2) Contract. Who interviewed for Sales and Trading. Research and institutional sales and trading. BMO Capital Markets has over 2,000 employees operating in 26 locations around the world, including 14 in North America. Trading Products Rotational Program is designed to provide a perspective on responsibilities and opportunities within our Sales & Trading business.

34 Sales Trading Summer Analyst jobs available on Indeed.com. Apply to Summer Analyst, Investment Banking Analyst, Sophomore Summer Leadership Program and more! Each bank assigns its sales and trading analysts directly to desks and doesn't rotate them afterwards (although Treasury Services at J.P. Morgan has a rotational program). I chose the BMO Sales & Trading rotational program because it provided a well-rounded experience for someone who wants exposure to both sales and trading. From that, I found sales more suitable to my interests and skill set. Equity Derivatives was the desk I had the most interest in and I proposed to the team how I may add value.

Trading Products Rotational Program BMO Capital Markets BMO Financial Group: Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America with approximately 46,000 employees. Our Trading Products Rotational Program is designed to provide a perspective on responsibilities and opportunities within our Sales & Trading business. Competition for this program is intense, and successful candidates will become part of a team of highly qualified professionals.

by Sarah Butcher 14 August 2015

Differentiating between banks' training programs

If you're preparing your CV in application for a graduate program at an investment bank, you've probably been wondering which bank to apply to. Maybe you've been looking at the information on our student site? Maybe you've been looking at banks' own graduate careers sites?

If you're still none the wiser, here's our quick comparative guide to what you'll actually do on the bank training programs of Citigroup, Morgan Stanley, Deutsche Bank, Barclays, J.P. Morgan, HSBC, and SocGen in Europe, the Middle East and Africa (EMEA).

Do you want a 'rotational' training program in sales and trading?

If you want to work in sales and trading, do you know which kind of financial product (equities, high grade corporate debt, risky corporate debt, government bonds, equity derivatives, etc.) you want to trade?

If you do (know), maybe you should express your preference early in the recruitment process and apply to a bank that will place you directly onto a particular trading desk? Try Morgan Stanley, J.P. Morgan and Barclays. Each bank assigns its sales and trading analysts directly to desks and doesn't rotate them afterwards (although Treasury Services at J.P. Morgan has a rotational program).

If you don't know which product you want to work with, you might want to try a 'rotational' program in which you get to work with all kinds of financial products before settling on a particular desk at the end. Citigroup offers rotational programs; so does Deutsche Bank. Citi tells us that its markets graduates, 'complete 4 short rotations across desks before being placed with a specific team.' Deutsche tells us that its markets graduates have a 'series of working rotations that provide experience across various markets desks.' HSBC says its markets hires participate in a 'two-year rotational programme with three four-month rotations in the first year in either sales or trading.'

While rotational programs offer the advantage of exposure to all kinds of different financial products, they can be very competitive. Analysts will typically compete heavily for places on the most interesting and exciting desks which offer the best career development potential.

Do you want 'broad training' across the investment banking division?

Rotations are less common in investment banking divisions (IBD). Investment banking divisions include jobs in mergers and acquisitions (M&A) and capital markets. If you work in IBD, you'll usually be assigned a particular job and will stay in it.

Nonetheless, some banks do offer broad training across IBD. The most notable of these is HSBC, which offers a two year bank training program in which trainees spend the first year focusing on either client coverage (managing relationships) or client advisory (transacting deals). During their second year, they spend six months experiencing the other area of the two. 'This is done with the view to build their broader banking knowledge and to understand both the investment banking and relationship management sides of the business,' says HSBC.

At Citigroup, graduates who want to join the investment bank in M&A aren't allocated a particular team from the outset. Instead, they go through classroom training with the graduates who want to go into capital markets and the graduates who want to go into corporate banking. Only at the end of the training process are they assigned to a particular team.

At Deutsche Bank, investment banking analysts apply to the broad IBD division but are assigned particular jobs before the training program starts. Along with all the bank's other trainees they then participate in a new 'three day cross-divisional global orientation' to introduce them to the bank's culture, values and expectations.

How long do you want to spend in the classroom?

If you measure the effectiveness of a bank's training program by the amount of time you spend in a classroom, you might want to head to J.P. Morgan. Analyst trainees at the U.S. investment bank in EMEA receive two weeks of Financial Conduct Authority (FCA) training, followed by seven weeks of classroom training in New York. This compares to six weeks of classroom training at Citi, Barclays and HSBC and five weeks at Deutsche Bank.

Do you want 'teaching assistants'?

In IBD, Deutsche Bank has introduced 'teaching assistants' to work with its trainers. These assistants are current analysts and associates who work with the trainers in the classroom to give real life examples of the kind of work you'll be doing. They also help with homework...

Most banks offer mentoring support. At Barclays, for example, there's a mentoring program which offers 'individual coaching'. At SocGen, there's a 'mentoring portal allowing junior colleagues to access senior colleagues to mentor them.'

Do you want a short term contract?

Bmo Sales And Trading Rotational Programs

It used to be the case that banks hired analysts onto short term contracts lasting two or three years. This has changed in recent years, but some banks still offer short term contracts - especially in the U.S.

At SocGen, analyst are hired onto permanent contracts. This is also the case at HSBC and J.P. Morgan and Citi in EMEA. At Barclays, analysts in the U.S. used to be hired onto two year fixed term contracts, but this has changed and everyone is now hired onto a permanent contract. At Deutsche, analysts in EMEA are hired for good, but analysts who come into IBD in the U.S. only get a three year fixed term contract when they join...

Do you want a very generalist program (not necessarily in a front office investment banking role)?

Finally, do you want to join a broad training program that will give you exposure to all kinds of different jobs in an investment bank - but not to the sexy front office jobs in sales, trading, and M&A? If so, try J.P. Morgan's 'Corporate Analyst Development Program (CADP). This consists of 'several 9-month rotations across a range of businesses in corporate functions.' Those corporate functions include operations, human resources, audit, risk reporting, and chief investment office treasury.

(Photo credit: Sean Rowe)

Bmo Sales And Trading Rotational Program Online

Related articles

Please enable JavaScript to view the comments powered by Disqus.

A division of BMO Financial Group, BMO Capital Markets offers a full range of wholesale banking services, including advisory, capital markets, research, risk management, sales and trading, treasury management and institutional brokerage. BMO Capital Markets has more than 2,200 employees working from offices in 27 locations around the world, including 15 in North America.

BMO Capital Markets is offering two Summer Associate internship programs:

Summer Investment & Corporate Banking Associate - The four-month program is open to applicants seeking practical, hands-on experience in a dynamic investment and corporate banking environment (corporate and government finance, mergers and acquisitions, equity and debt capital markets, and project and leveraged financing) prior to completing an MBA. Summer associates participate on a wide variety of client transaction teams on public underwritings, mergers and acquisitions projects, and other advisory engagements. Their responsibilities will include the analysis of financial and capital market information, valuations, financing alternatives, and capital structures, along with various tasks associated with taking an active role in the execution of transactions and in the preparation and marketing of proposals to corporate clients

Sales And Trading Salary

Sales And Trading Careers

Summer Sales & Trading Associate - The four-month program is designed for applicants seeking practical, hands-on experience in the Trading Products Group of BMO Capital Markets (debt products, financial products, equity products, equity research, foreign exchange, institutional relationship management, securitization, asset portfolio management and credit investment management for our corporate, institutional and government clients) prior to completing their MBA. The duties of the role include performing a variety of analytical and administrative tasks as assigned. These assignments will vary widely from day to day and may include developing presentation materials using MS PowerPoint and MS Excel, fielding client phone inquiries regarding booked trades, and providing other client contact support as necessary.

Bmo Sales And Trading Rotational Program

The objective of these programs is to identify exceptional candidates for full-time positions at BMO Capital Markets upon graduation. As such, select Summer Associates may be offered a full-time Associate position. For the Summer Investment & Corporate Banking Associateprogram, an offer will be contingent upon meeting certain requirements relating to the completion of an MBA. In the case of the Summer Sales & Trading Associates Program, an offer would come at the completion of the summer term.