Lesser known Grad Schemes

Peaches182

Newbie
Messages
2
Likes
0
Hi Guys,
This is my first post so I’ll try not to waffle on too much. I have recently graduated with a first class honours degree and am looking for trading graduate schemes. Now I know that sounds like a stupid statement, but I’ll explain further.
When searching for graduate schemes there are the really obvious ones, for example, Goldman Sachs, J.P Morgan, Citi Group etc, which have all got, or are about to get my applications when they open.
I am more interested if anyone knows of smaller banks with similar schemes. An example of this would be Mitsubishi UFJ Securities, they are not as well known as a Goldman, but never the less I’m sure they still offer great opportunities and training in their global markets grad scheme.
The way I have been searching for these banks is simply finding their name, looking at their website, and seeing if they offer anything along those lines. This doesn’t feel like the most efficient way to do things either, so if anyone has any methods on how to better search, I am certainly open for ideas.
I’m also going to be applying for commodities grad schemes, like BP, so I’m open for anything really.
Now from what I have read from other posts, when a new person seems to ask a Q that may have come up before, and this is said with the up most of respect, a lot of legendary or senior members seem to say ‘use the search engine’ or ‘this Q has been asked so many times before’. I completely understand it will be irritating to keep regurgitating the same stuff for people who haven’t searched the site properly, but I have found no definitive answer to this question (if there is one), so I don’t mind you saying it has been asked before, as long as you give me the search criteria that comes up with the right result.
To also give you an idea of who I am. I’m also looking into back office jobs. You know, trade support and trader assistant positions because personally, I’m not someone who thinks I’m gonna go straight into an IB and become the next Louis Bacon or Steven Cohen. I have no problem, and in fact would prefer, to work my way up to the right position, as I am here learn everything I can from everyone.
So names of smaller banks or positions would be great, and I you want more details about me, you know what to do.
 
I'm afraid I can't suggest any banks but in terms of the way you are searching find the contact details of the HR department in the ones which do not have a grad scheme and send over a CV and cover letter. Or get the number off the website and ask who you should address your cover letter to and their email address. They may have an entry level position with training but not a formal grad scheme. Sometimes a more direct route is better.

Whilst you are still looking you can practice share trading with a fantasy share trading account which is completely free and uses fantasy money in an environment as similar to the actual market as possible. It is excellent experience and there is no risk involved.
 
Try searching on exchange websites for Market Makers or similar, just to give you the names of firms you might not have heard of (google does the rest) - for example

http://www.euronext.com/fic/000/054/125/541258.pdf

^^ list of option brokers on LIFFE STIRS

also try searching for addresses, and finding out who the tenants are - for example...

http://en.wikipedia.org/wiki/One_Canada_Square#Current_tenants

^^ tenants at 1 Canada Square

http://en.wikipedia.org/wiki/Tower_42#Current_occupation

^^ "" "" natwest building

.. and lastly you could try searching for Bank service providers and looking for a list of their clients -

a lá

http://www.updata.co.uk/TA/Clients.aspx

http://www.sdgm.com/en/NewsAndEvents/News.aspx

GL
 
Lol :) MrGecko. Thanks for the posts. Thats what I've been doing, just trawling through that wiki list. It just gets a bit tedious, but I supose nothing like this is ever going to be fun.
Part of the reason why I posted was because Mitsubishi isn't actually on that list, and I didn't want to miss out.
Also, that link. How did you do that, I assume some kind of programming, but my degree didn't actually teach any stuff other than excel. The main question is, what was the language? And are there any specific books you could recomend as I'm gonna start learning VBA
 
Yeah, there are a few names that aren't on that list (Jeffries and Development Bank of Japan, for example)...

but as for programming I'm afraid you've lost me - I too am cr@p at programming, presently trying to teach myself Matlab. I guess VBA isn't going to do you any harm, a guy called walkenbach (or summit) seems to know what he's on about - but I don't think VBA is the same as Visual Basic. Better to ask someone that knows about programming tbh.
 
Yeah, there are a few names that aren't on that list (Jeffries and Development Bank of Japan, for example)...

but as for programming I'm afraid you've lost me - I too am cr@p at programming, presently trying to teach myself Matlab. I guess VBA isn't going to do you any harm, a guy called walkenbach (or summit) seems to know what he's on about - but I don't think VBA is the same as Visual Basic. Better to ask someone that knows about programming tbh.

I was gonna start a VBNet course in a few weeks. You reckon it's better to know Matlab? I have a friend who's an aeronautical engineer. I'll make him teach me.
 
Hi,
You've already had some good advice. Definitely dont get stuck in the middle or back office, you will never get out! Go straght for a front office role. The FSA should give you a comprehensive list of all regulated companies who are registered to give investment advice ie. investment banks, fund managers etc etc.
Also look into studying the CFA program, it is highly regarded among most banks and fm's, especially for those looking to break into the 'glamour' roles like trading or fund manger.
https://www.cfainstitute.org/cfaprogram/Pages/index.aspx
 
Top