4 Comments
 

It depends what type of firm you are at..but usually the following on the institutional side Bond Sales Desk - Sell bonds (HY/IG) to institutional client (hedge funds, mutual funds, pensions etc) while creating flow for the traders. Bond Broker - Inter-dealer broker who is the middle man between two trades

There are also bond brokers on the retail side who sell bonds to retail clients

 
Best Response

^ What he said

One sells products (stocks, bonds, mFunds) to individuals, the other sells large blocks of securities to INSTITUTIONS, and there's a whole spectrum of roles in between. There's also various internal sales roles, where they promote products from other companies to their sales force / brokerage teams, or promote their company's sales group to other companies that create products but don't have a sales force or want additional exposure for whatever reason. Everyone's selling stuff to each other, collecting a few points along the way.

Not a dumb question at all, there's a LOT of different "sales" roles, make sure you know what you're signing up for.....ask a LOT of questions.

Get busy living
 

Rerum iusto corrupti nulla vel minus ea et. Nam et repellendus id autem ea. Minima similique incidunt suscipit qui vel tempore.

"Those are my principles, and if you don't like them......well I have others"

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $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
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”