FX dealers

College Majors Business Major
1

<p>In an ibank, is fx(foreign exchange) trade a part of institutional sales & trading or is it just a small sect of investment banking??</p>

<p>also, what are some good investment banks for fx trading??
i know that fx dealing requires an MBA degree... if I am intending to get a job right after graduating from college and go to b-school after couple yrs of experience, where do the companies normally put you in as a pre-fx dealer. Do u just work as an analyst and work for senior traders? or do they actually give u an opportunity to do actual fx tradings?</p>

2

<p>Its part of S&T. And no you dont need an MBA. An MBA is more or less useless for S&T. Most of the FX desks work as flow traders or market makers for FX derivatives for currency value hedging etc. You are better served with the on site training for flow trading and for derivative get a masters in a concrete math based subject possibly finance, math, or sciences.
As for best banks, most of the large firms are good.</p>

3

<p>i heard that sales&trading people are the ones who make the most money (not sure about the salary, but at least, bonus-wise)... r u sure u dont need an MBA</p>

4

<p>Yes you dont need an MBA. The time you spend getting that MBA can be spent doing more work and getting more money.</p>

5

<p>An MBA is not quantitative enough for say derivatives desks or for pricing. Nor does it teach the basics of flow trading as that depends on the desk. The best traders dont get MBAs. Maybe masters or PhDs in quantitative subjects for some desks.</p>

6

<p>Although money is not my sole concern, what is the most lucrative position (job) in an ibank??</p>

7

<p>Whatever you are good in. In trading it depends on your skill, the desks profitability, your heads and your backers who will pitch for you.</p>

8

<p>some of my dad's friends work at bank of america and citi group...
i talked to them couple times and i had semi-internship (more like a work experience) at Bank of America for 2~3 weeks. yet, i thought it would be unnecessary and uncourteous to ask them what their salaries were. Do any of u know how much analysts and associates at ibanking firms earn (w/ or w/o the bonus, doesnt matter)...(those who work at the capital market (ibanking, sales&trade etc... not the ones who deal soley deal w/ technical stuff)? i know that it differs depending on the firm, but i just wanna get an idea of how much they make...</p>