financening
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Hi, everyone, I am kicked out by Schneider in recent month. I would like to give some feed back to people who want to attend the Schneider graduate programme.
1. Your marks doesn’t mean too much. Personally, I got 45-47/50 average math tests score. Knowledge test average 92-95%, the last test score I guess will be 215+/220(they don’t show me). Key board test 55-57seconds average.
2. The week 2 Friday assessment day is very very important. I messed up the test I believe.Although I worked extremely hard every day, but the practice time(less than 7hours) they give are too short to master. I guess it is simplly because that I am not an English native speaker, so if you are native speaker, you will be fine. They won’t give you more time to practice, once you mess up the test, you will be kicked out. No one will talk about social responsibility, patient or pity. They are totally money drive firm and they don’t care what trouble will give to you. During the course, you won’t allow to vacate half day or something like that (phone is banned during the course). If you have any interview from other companies, the only choice is cancelled or I guess you can lie to them you are in serious illness or other big issue.
3. They have a very proficient candidates kicking system. Firstly, they will ask you to hand over the pass card and secondary they will say you are very good, hard working, intelligence, balabalabala, and then “however” balabalabala. They will shake your hand, which means you can leave now. When you get out the trade room, someone will follow you (walking after you) and press the elevator bottom for you. This final process means you must leave fast and don’t stay in our company even for one more second.
4. 6 month contract, when you finish the 4 week course. If they believe you can make money for them. They will offer you a place in trade floor. The working time is 6:30am to 9:00 pm.
Desk fee is free for first month and then £300 ,£600,after 6 month will be £1600+. You don’t need to pay the desk fee, but the desk fee will be deducted in your trading account (this means that you work for Schneider for free). Most traders sit in the floor until themself choose to leave or be kicked out won’t get liveable salary at all. 6 month contract doesn’t mean you are guaranteed to sit in their trade floor for 6 month, if you do any thing stupid or lose money regularly (which means they don’t see you make money for them) you will ask to leave as well.
The positive side
You wear a suit and work in the city. At least you look like a successful business man. A trader works in the city?
Their course teaches lot of basic trading knowledge, you can learn for free.
For talent people, this is an opportunities to show your intelligence. If you are really good, it is possible to make lot of money in Schneider (but they will rich before you). On the other hand, if you are good enough, you can sit in your home to make money as well.
Negative side
Zero salaries, career gap and opportunities cost (you miss the interview from other company), living & transportation fees, unhealthy life style (McDonald down stairs)
My suggestion
If you have nothing to lose, it is worth to go. If you believe you are genius fell free to go. If you want to have some work experiences or internship in city (better than travelling in the city and take photo) go as well. Otherwise, you go to the wrong place.
I am still very interest in trading; now I decided to open a live account in “meta trader 4 platform”(someone in this forum said it is a good platform). I can learn the knowledge and strategy by myself. I will find a real job for living and trade my account as hobby in free time.
Hope this helps.
1. Your marks doesn’t mean too much. Personally, I got 45-47/50 average math tests score. Knowledge test average 92-95%, the last test score I guess will be 215+/220(they don’t show me). Key board test 55-57seconds average.
2. The week 2 Friday assessment day is very very important. I messed up the test I believe.Although I worked extremely hard every day, but the practice time(less than 7hours) they give are too short to master. I guess it is simplly because that I am not an English native speaker, so if you are native speaker, you will be fine. They won’t give you more time to practice, once you mess up the test, you will be kicked out. No one will talk about social responsibility, patient or pity. They are totally money drive firm and they don’t care what trouble will give to you. During the course, you won’t allow to vacate half day or something like that (phone is banned during the course). If you have any interview from other companies, the only choice is cancelled or I guess you can lie to them you are in serious illness or other big issue.
3. They have a very proficient candidates kicking system. Firstly, they will ask you to hand over the pass card and secondary they will say you are very good, hard working, intelligence, balabalabala, and then “however” balabalabala. They will shake your hand, which means you can leave now. When you get out the trade room, someone will follow you (walking after you) and press the elevator bottom for you. This final process means you must leave fast and don’t stay in our company even for one more second.
4. 6 month contract, when you finish the 4 week course. If they believe you can make money for them. They will offer you a place in trade floor. The working time is 6:30am to 9:00 pm.
Desk fee is free for first month and then £300 ,£600,after 6 month will be £1600+. You don’t need to pay the desk fee, but the desk fee will be deducted in your trading account (this means that you work for Schneider for free). Most traders sit in the floor until themself choose to leave or be kicked out won’t get liveable salary at all. 6 month contract doesn’t mean you are guaranteed to sit in their trade floor for 6 month, if you do any thing stupid or lose money regularly (which means they don’t see you make money for them) you will ask to leave as well.
The positive side
You wear a suit and work in the city. At least you look like a successful business man. A trader works in the city?
Their course teaches lot of basic trading knowledge, you can learn for free.
For talent people, this is an opportunities to show your intelligence. If you are really good, it is possible to make lot of money in Schneider (but they will rich before you). On the other hand, if you are good enough, you can sit in your home to make money as well.
Negative side
Zero salaries, career gap and opportunities cost (you miss the interview from other company), living & transportation fees, unhealthy life style (McDonald down stairs)
My suggestion
If you have nothing to lose, it is worth to go. If you believe you are genius fell free to go. If you want to have some work experiences or internship in city (better than travelling in the city and take photo) go as well. Otherwise, you go to the wrong place.
I am still very interest in trading; now I decided to open a live account in “meta trader 4 platform”(someone in this forum said it is a good platform). I can learn the knowledge and strategy by myself. I will find a real job for living and trade my account as hobby in free time.
Hope this helps.
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I wasn't bothered when they said they weren't interested - seeing those guys at the back of the room losing money day after day and not being able to take a day off in 6 months or withdraw a penny depressed the hell out of me.
