Capital Markets (Sales & Trading)
If you are interested in a career in institutional Sales and Trading, whether on the buy-side or the sell-side, the Old Ezra Club can help you achieve your goals. Most major banks and asset management firms recruit at Cornell. Traders transact a variety of products including equities, fixed income, currencies, commodities, and structured products. You may choose to narrow your focus to a particular product within one of these asset classes - such as equity derivatives or fixed income municipal bonds. The club officers will explain to you the differences between each of these asset classes and their embedded products.
Sales & Trading is a very lucrative career path that can provide a good return on your MBA investment. Most traders are quick decision makers and can transact multi-million dollar deals for their firms. A typical sales and trading summer internship would include a 10-week rotation through different trading desks at a major firm such as JPMorgan (see link below for more on a JPMorgan internship) or Morgan Stanley. The Old Ezra club will help you choose a sales and trading career path, offer training in preparing for the internship interview, and prepare you for the actual internship once you land it. For a list of recent sales and trading jobs received by Cornell MBA students, please click here. For a recent article on 2006 trading bonuses, please click on the link below. If you have any questions, please feel free to contact the Old Ezra Club Sales & Trading VP (Jay Bhatty: jsb92@cornell.edu ).
Article: http://www.iht.com/articles/2006/12/13/business/goldman.php
JPMorgan Summer Internship: http://usibcareers.jpmorgan.com/content/content_128.asp