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How much would you pay for work experience on a trading floor?

500+ for two days? Good, because that's what it currently costs.

Alphaville reports that charity Pilotlight is running an auction of work experience, which includes two days as a trader at a "major bank."

The current winning bid is 550. And the auction doesn't close until 12pm on December 9th.

In return for parting with cash, you're promised the following:

An experienced trader will explain how decisions are made and show you how to study the market. The experience will be timed to coincide with the release of financial information, making it an exciting time to spot trading opportunities. This lot is only open to bidders who have not had prior employment in the City.

Banks usually pay students to complete internships. Unfortunately, this may give them ideas.

Notably, time on the trading floor isn't considered the most valuable experience on offer: someone's bidded 2,200 for three days' work experience with Natasha Kaplinsky,

author-card-avatar
AUTHORSarah Butcher Global Editor
  • Al
    Alex T
    3 January 2010

    The abbreviation 'IBK simply stands for 'Investment Banking', where the 'K' relates to the 'k' in 'Banking'. The reason for the 'K' is to differentiate from Investment Bank (IB).

  • An
    Anonymous
    26 December 2009

    IBK cud be a short form of investment bank

  • An
    Anonymous
    9 December 2009

    What does the "IBK" abbreviation mean in banking? The only meaning I've googled is "idiot before keyboard". Any suggestions?

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.