Laurenz Gerold completed Amplify Trading's Summer Internship Training Programme in June, see what he had to say about his journey.
Why did you choose to do Amplify Trading’s Summer Course?
I did it to prepare for my internship at Goldman Sachs. I wanted to make sure that I am up to speed with relevant terminology, theory and market news. I felt prepared to go into my internship and having done the course helped me convert my internship to a full-time job offer.
What was the biggest highlight of the course for you?
The simulations and getting to meet many different people. The simulations worked well to solidify the theoretical knowledge. They definitely exceeded my expectations; I have done other trading simulations before and Amplify Trading’s is my favourite.
Is there anything you didn’t expect to either be taught/gain on the programme, especially in landing your role in Credit Sales?
I didn’t expect to be taught details about regulation / MIFID II and how it impacts the finance world. That was directly relevant to understand how investment banks and the nature of their business changed post-global financial crisis.
How has Amplify Trading helped in landing a role at Goldman Sachs?
Generally speaking, Amplify Trading acted as a bridge between the theoretical knowledge I learned in university and the practical knowledge I learned at Goldman. Throughout Amplify Trading's training programme, I was also given training to stay up to date with markets on a day to day basis that allowed me to navigate the FT and other resources more effectively. Thereby, I started my Goldman internship being well prepared on what's been happening in the markets recently and felt comfortable talking about it. I also felt comfortable building my own view on specific markets. At last, Amplify Trading helped me grasp more of the typical finance-lingo; which is in my opinion the biggest barrier to quick learning in finance. Once you understand what specific lingo means; the concepts themselves become much easier to grasp.
Did you find you had more clarity on what role in finance you wanted to pursue, after completing the internship?
Yes - Amplify Trading does a really good job at this. Usually, everyone in their first or second year doing a bachelor's just wants to go into investment banking; without really knowing what an investment banking analyst does, let alone what an analyst in global markets, asset management or private wealth management does. Amplify Trading demystifies this through simulations and talks with professionals that are currently doing these jobs. A lot of my friends were set on going into IBD; then they did the Amplify Trading programme, and now they realize they actually prefer global markets and vice-versa. Amplify Trading gives you a great deal of insight on what job suits you best.
How likely are you to recommend the course to a friend?
I have already recommended this course to my friends - and, as a matter of fact, I did the 3-week training programme with 3 of my friends.
If you want to find out how this experience can help boost your chances of landing a prestigious front-office banking role, book a call with a member of our team here