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      PPM America

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      Trading Assistant Interview

      3 Sept 2011
      Anonymous interview candidate
      Chicago, IL
      No offer
      Positive experience
      Average interview

      Application

      The process took 1 day. I interviewed at PPM America (Chicago, IL) in Jun 2011

      Interview

      I met with four individuals who varied in experience. They are a fixed income shop so there were a number of questions asked regarding different elements of bonds. Everyone was very nice. Most of the questions asked were about my education and work experience. The trading desk is pretty hectic area to work. For instance anyone involved with trading has to start at 6:30, meaning you would be at the office at 6 and you still work until 5. All lunches are in house, so you literally never leave the building. The assistant is also there to basically do anything, including running random errands for the traders. There is not set timetable for progression either, so you may get lucky and an actual trading position might open up, but until that time you are the infamous assistant there to do anything. So although there were a number of good aspects to the job, there were a number of detractors as well. It would take the right individual to be able to thrive under such conditions. PPM carries heavy weight in the industry. It's a great company. However, I would think twice about taking a position such as this.

      Interview questions [1]

      Question 1

      Why trading?
      Answer question

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