11/21/11

Hey everyone,

I am currently a sophomore and received an offer at a BB for Sales and trading and one or i-banking. I'm still not sure which one I would rather do but I guess I'm leaning more towards trading.

However I was wondering which one would be better for a sophomore internship. Because hopefully I will get the chance to intern at the other one the following summer.

So I guess which would be better to do first and then leave the other one for second. Cause would doing trading before IBD be better, or IBD before trading.

Thanks

Comments (15)

11/21/11

If you're doing both then why does it matter which one you do first? just do whatever you like first.

right foot first or left foot first? hmmm...i dunno.

Man cannot remake himself without suffering, for he is both the marble and the sculptor. -Dr. Alexis Carrel

http://www.jasonbondpicks.com
11/21/11

I'm not necessarily doing both, I just wanted to know more of which is a better and makes more sense in terms of steps.

IBD => Trading

or

Trading => IBD

11/21/11

Do you like your mom or your dad more?

11/21/11
11/21/11
In reply to harvardbanker11
11/21/11
harvardbanker11:

Dad

So Trade LOL, easier to get away with more rude masculine behavior (see: Liar's Poker)

11/21/11

hahahaha any more scientific approaches to making the decision?

11/21/11

I would say IBD first. S&T hiring tends to be more limited by the number of seats, so it might be tougher to switch from IBD -> S&T after your junior summer.

11/22/11

They are both very different. The question you need to answer is what would you rather do when you finish university, trading or ibd?

In reply to Maximus Decimus Meridius
11/24/11
Maximus Decimus Meridius:

They are both very different. The question you need to answer is what would you rather do when you finish university, trading or ibd?

Isn't the whole point of the internships to figure out which one (s)he likes best?

Just live your life.

In reply to Maximus Decimus Meridius
11/24/11
Maximus Decimus Meridius:

They are both very different. The question you need to answer is what would you rather do when you finish university, trading or ibd?

Isn't the whole point of the internships to figure out which one (s)he likes best?

Just live your life.

In reply to kyp
11/25/11
kyp:
Maximus Decimus Meridius:

They are both very different. The question you need to answer is what would you rather do when you finish university, trading or ibd?

Isn't the whole point of the internships to figure out which one (s)he likes best?

Used to be. Not anymore.
It's to get your foot in the door and get the FT offer so you don't end up unemployed.

Born in hell, forged from suffering, hardened by pain.

11/25/11

S&T in what products? If in derivatives, especially structuring OTC transactions then I would do that. If it's more plain vanilla or even straight equities then pursue IB. It's a tough time to be in IB though. If you're going to do both just make sure you don't do S&T during the slowest summer months when volatility and volume is atrocious.

Also consider your personality and where you would be more comfortable. Would you prefer more of an analyst position or a more engaging role?

You're lucky that you have a choice of either/both... it's a good problem to have. Trading has more upside on the buy-side but you'll learn the products working for a bank. You'd probably gain more skills in IB and it would be the more conservative option. You'd have broader opportunities with IB experience.

In reply to kyp
11/25/11
kyp:
Maximus Decimus Meridius:

They are both very different. The question you need to answer is what would you rather do when you finish university, trading or ibd?

Isn't the whole point of the internships to figure out which one (s)he likes best?

Not really. He/She should know the differences pretty well by now after going through the recruiting process, so he should be able to choose. The point of the internship is to get first-hand experience and see if you would like doing the job full-time, but you should already think you will like it, and what you would like best, otherwise there's no point in doing it.

11/26/11

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