| Topic Name: |
Bear Stearns |
| Message Name: |
When I was looking for a trading job |
| Date Posted: |
02/20/2001 |
| In Reply To: |
Untrue to the nth degree.
Bear is widely regarded as a very savvy trading firm. Any analyst will tell you that. If anything, they rely too heavily on S&T. That is one of their biggest faults.
Now they don't usually handle the gorilla trades because it is harder for them to get out of them quickly.
A big thing that distinguishes them from other firms is their very competitive culture. Salespeople and traders, for example, try to outfox one another. A penny that the trader can keep goes into his pocket. If the salesperson can play an order right and make some more money for his client, he makes more comm and will try to do so. There isnt animosity or anything. It is just a competitive environment.
BS is also regarded as a firm whose days are numbered. Without real prowess in IB, some believe it will have to sell out. |
| Message: |
I didn't even consider Bear. I used to work for a consulting firm that specialized in dealing with the trading groups of each investment bank and Bear traders always seemed fairly clueless in terms of what the market was doing. I have a friend who works in the capital markets group there and he says the same thing. I'm not sure where you get that "widely regarded as a savving trading firm" information from.
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