JPM vs MS - which has better opps for trading

Background: Based in APAC. I have SA offers from JPM (FI sales) and MS (IED, exact desk undisclosed). Degree in STEM. Have experience in quant research, but no trading experience.
For JPM, what the chances that I can get a trading role in my second rotation? Is it common for SA to rotate from a sales desk to a trading desk?
For MS, are they stronger in MSET or equity derivatives? Or any options/vol related desks?

 
Most Helpful

From what I've heard from two MS asssociate/VP level people in S&T - if you are a smart, technical/quantitative guy, IED is basically a dead-end for you at institutional S&T desks. Yes there are some buy-side or market-making desks within the big firms that do HFT or similar techniques, but the average desk does very safe trades and just serves as a middleman. Fixed income is much more interesting of a field for someone of your background, they are much more technical financial instruments and it's much harder to algo-trade them. Also requires you to take small positions in the sale and requires much more analytical thinking, and more room for advancement in the next 5-10 years. 

That being said, I would go for JPM, their fixed income desk is fantastic. I have no clue how easy it is to transfer but just my 2 cents. I think MS is more known for commodities anyway.

 

Quo aperiam qui velit ut occaecati. Fuga et dolorum in nulla voluptatem laboriosam. Possimus tempore quis quis placeat est dolorum. Ullam facere molestiae facere.

Enim doloribus ea eos. Maxime magnam suscipit aut tempore eos quia. Et et molestias adipisci rerum qui neque sapiente.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”