Bullpen

AAA

DEFINITION of 'Bullpen'

The slang term given to an area where junior employees are all grouped closely together in a single room, while more senior employees graduate to more spacious work arrangements or individual offices. A bullpen seating arrangement is common within certain financial fields, particularly investment banking and investment management, where lower-level analysts all perform similar functions.

INVESTOPEDIA EXPLAINS 'Bullpen'

The idea behind bullpen seating is that a class of recent hires will join the firm at approximately the same time, undergo training together and then work together to gain experience more rapidly. Bullpen seating also serves as an informal status system, in which employees must work their way up in order to gain more luxurious working environments. It can also be interpreted as a reference to the financial term "bull," an investor or trader who takes an optimistic perspective on the market.

RELATED TERMS
  1. Full-Service Broker

    A broker that provides a large variety of services to its clients, ...
  2. Bull

    An investor who thinks the market, a specific security or an ...
  3. Stockbroker

    1. An agent that charges a fee or commission for executing buy ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Associate In Fidelity And Surety ...

    A designation earned by bond producers, bond underwriters, and ...
  6. Associate In Insurance Services ...

    A designation earned by insurance professionals and conferred ...
Related Articles
  1. Investing Basics

    Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  2. Options & Futures

    Find Your Niche In The Financial Industry

    In this article, we'll give you the tools you need to discover the financial career that fits you the best.
  3. Investing

    What does membership in the New York Stock Exchange entail, and why is it known as "owning a seat"?

    Owning a seat on the New York Stock Exchange (NYSE) enables a person to trade on the floor of the exchange, either as an agent for someone else (floor broker) or for one's own personal account ...
  4. Trading Systems & Software

    The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  5. Professionals

    What are the main communication points between a CFO and a CEO?

    Explore key communication points between CEOs and CFOs. Learn how each of these officers has a fiduciary duty to stockholders, employees and the public.
  6. Professionals

    What's the average salary of an investment banker?

    Compare average annual salaries of investment bankers based on position. Different levels of the career result in different levels of base payment and bonuses.
  7. Personal Finance

    What Exactly Does A Portfolio Analyst Do?

    Portfolio analysts have the exciting role of working between the investment team layers and they touch various aspects of an investment organization.
  8. Personal Finance

    World's Top 10 Hedge Fund Firms

    Ready for the high-risk, high-return hedge fund investments? Here is a list of the top hedge fund investment firms.
  9. Personal Finance

    Credit Risk Analyst: Boring Title, Great Job

    Credit analysts make critical decisions about loans, are required to have a certain level of education, and receive commensurate compensation.
  10. Professionals

    What's the average salary of an actuary?

    Get insight into the intriguing career of risk analysis and forecasting. How much do actuaries make, and how is this field expected to fare in the coming years?

You May Also Like

Hot Definitions
  1. Command Economy

    A system where the government, rather than the free market, determines what goods should be produced, how much should be ...
  2. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  3. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  4. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  5. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  6. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
Trading Center