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Old 26.07.2011, 15:12
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Work in sales and trading or asset management?

Hey everyone! I would like to ask any of the experienced members about the finance scene in Switzerland. I am doing an MFE at Oxford this year and would like to go into sales and trading or asset management in Germany or Switzerland. Does anyone have experience with these fields please? How extensive or regulated are these industries as compared to the US? Do big banks and IB have their trading departments as is common in the US? Any names to look at? I am an EU citizen so work permits should not be a problem. I would appreciate any insight or advice. Thanks so much for this great forum

Take care!

Jan
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Old 26.07.2011, 15:30
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Re: Work in sales and trading or asset management?

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Hey everyone! I would like to ask any of the experienced members about the finance scene in Switzerland. I am doing an MFE at Oxford this year and would like to go into sales and trading or asset management in Germany or Switzerland. Does anyone have experience with these fields please? How extensive or regulated are these industries as compared to the US? Do big banks and IB have their trading departments as is common in the US? Any names to look at? I am an EU citizen so work permits should not be a problem. I would appreciate any insight or advice. Thanks so much for this great forum

Take care!

Jan
Are you writing a paper on the subject or looking for an internship. This isnt very clear here. Thanks Mate.....
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Old 26.07.2011, 16:38
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Re: Work in sales and trading or asset management?

Sorry for the confusion, I should have indicated this more directly No academic discourse necessary. I'm looking for practical advice. I will be on the hunt for a job in a few months and so I am hoping to get in touch with some people who might know the local environment and business culture I will be moving to Germany or Swityerladn cause my girlfriend is fluent in German and might have a job there. Thanks again! I really appreciate any input
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Old 26.07.2011, 16:49
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Re: Work in sales and trading or asset management?

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Sorry for the confusion, I should have indicated this more directly No academic discourse necessary. I'm looking for practical advice. I will be on the hunt for a job in a few months and so I am hoping to get in touch with some people who might know the local environment and business culture I will be moving to Germany or Swityerladn cause my girlfriend is fluent in German and might have a job there. Thanks again! I really appreciate any input
If youre out here and just want to practice on my bloomberg feel free to let me know when you arrive. Cant promise Ill be around, but worth a try. Also have a very large library of investment and industry books that could help you. Do you have zero experience or have you had an internship etc?
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Old 26.07.2011, 17:25
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Re: Work in sales and trading or asset management?

Awesome! Thanks so much mate! I have been interested in trading for a year or two. No professional experience in this field unfortunately, just trading on my own mock account, reading up a lot and studying finance and financial economics. How is the finance scene in Switzerland looking? I've heard that Zug is full of hedge funds and Zurich (besides Geneva) has a very strong company base but I am not sure how the sales and trading departments in the country operate and where to start looking. Any suggestions? Also, at most places it seem that English is the primary language for trading. My high German is OK but not good enough to use it on a professional level. What's your take on that? Thanks again!

PS: Any favorite books that you could recommend to a beginning/aspiring trader?
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Old 26.07.2011, 18:20
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Awesome! Thanks so much mate! I have been interested in trading for a year or two. No professional experience in this field unfortunately, just trading on my own mock account, reading up a lot and studying finance and financial economics. How is the finance scene in Switzerland looking? I've heard that Zug is full of hedge funds and Zurich (besides Geneva) has a very strong company base but I am not sure how the sales and trading departments in the country operate and where to start looking. Any suggestions? Also, at most places it seem that English is the primary language for trading. My high German is OK but not good enough to use it on a professional level. What's your take on that? Thanks again!

PS: Any favorite books that you could recommend to a beginning/aspiring trader?
Majority of the investment firms in CH are for capital raising or family offices. 90% of the trading is done in NY or London (maybe Hong Kong and other regional capitals). Switzerland has hedge funds but its not that big yet. Mostly Swiss guys. With the new tax rules in the UK many firms have moved to Pfaffikon. Zug has some decent hedge funds with maybe 2 or 3 quality firms. But most of the hitters in the industry are still in London or NY. Infact 95% of CS's and UBS's prop trading is done in either NYC or LDN. I dont know of any firms in CH who have averaged +25% per annum for the last decade. Im sure there is some one, but thats not the kind of market CH is for investment professionals. If youre too ambitious they will ignore you and you will end up in London. At least thats what happened to me.

What are you attempting to trade on your accounts? Just equities? Macro? give me an idea of what youre trying to trade and I can tell you some books.

If you have a niche then you dont need to worry so much about your German. You will have to learn it but it depends on where you finally find work.

General decent books on traders:
Inside the House Of Money (Drobny knows every hitter in the Macro world)
Market Wizards (oldie but a goodie)

General decent books on equities:
Ben Graham anything
Abraham Briloff Books
Edward Altman books (his older stuff will do)
Quality Of Earnings by Thornton O'glove (is the short sellers Koran)

Big Macro Themes:
The Next 100 years
The Fourth Turning
100 Years Of Land Values In Chicago
Manias Panics And Crashs
History Of Interest Rates

Technical Analysis:
Tom Demark books (boring reads, but his system works incredibly well)
Ted Warren's book
Any basic guide to technical analysis is fine. There are many.

I could go on for days. These are basic. So that should get you through.
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