Why do the BBs and institutions seem to have more derivative traders than pure stock traders? I currently am doing proprietary trading, and noticed how my friends from HS/college who did trading pro at one point were NOT trading stocks. Is this going to be a problem for me if I try to exit?

I have offers from both these, pay is the same, interested in both, not sure if I would be good at S&T but fancy a shot at it. Was wondering peoples opinions on the choice. Also what can senior wealth managers get paid? and if I went into the investments side of the business doesnt that open my doors to Asset Management? I would also like to move to a more central office if I took the S&T offer, what are the chances of me making the switch?

Not including "quant trading"

Self-explanatory title. Also, how does equity derivatives compare with fixed income derivatives?

Thanks!

So Troobie and Rolfe went on to hedgefunds after IBD? I thought usually the S&T guys go to hedgefunds, and the IBD guys usually go to PE? Is this normal?

Also, and please understand this isn't meant to offend, as I have yet to step foot inside an investment bank to do work, but what do S&T guys do that is so hard? I understand you need to multitask on phones and put in orders during trading time, but do you need to stay in the office that late ever? It just seems that after reading the WSO compensation report and seeing that S&T gets paid higher (analysts), on top of the fact that their work seems easier (at least from reading these books), I may have chosen the wrong side of the fence with IBD, considering that both S&T and IBD seemed appealing to me.

Hey guys,

I was wondering what job you would pick out of these in terms of most learning, most prestige, best exit opportunities, most pay and any other factors you think would be relevant. As you can see, the jobs cover multiple functions, locations and firms which is why I'm having trouble seeing which one is best. Your thoughts would be very helpful, thanks!

1. Bank of America Merrill Lynch - Houston - Commodities Sales & Trading Analyst
2. JPMorgan - New York - Treasury and Securities Services Analyst
3. Wells Fargo - San Francisco - Fixed Income Analyst
4. Boutique Investment Bank - New York - Investment Banking Analyst

Anyone heard back and received offers after the superday?
All this waiting is making me feel like vomiting every minute

Does anyone have any insight or knowledge on RBC's Global Markets Program? Specifically where it ranks among other Canadian banks' summer programes, as well as the competitiveness of applicants. Much appreciated.

How easy is it to switch from sales to trading on a different desk at the same bank?

Hey guys. I have a few interviews coming up and was wondering your thoughts. Obviously I will dig deeper into this once I get offers but Im just wondering for now.

Would you rather do the Options Rotational Program and Raymond James at the Headquarters---- vs.------ Institutional Sales Assistant and a small IBank (Around 400MM Revenues) at a satellite office --------vs -------- consulting at a big4 (PwC, EY -- or even GT and Mcgladery).

Would like to to I-Banking. I have been working (interning) in ECM on the Research Sales desk and have done some work with a banker but I gotten much exposure to the market and clients; but I have learned a lot about how these banks work -- probably due to the locations and the small number of employees here.

What does the market look like for MBA Sales and Trading internships for summer of 2013? It seems like opportunities might be few and far between. Does anyone have an educated guess? Any expectations?

Should I enroll in GS's entreprenuarial deposit series?

Hey all,

I am rising junior at Umich Ross who is planning on pursuing a career in Sales and Trading. I am primarily gunning for the HK office S&T due to my desire to work in the emerging markets

Here is my resume and please just go at it!
http://www.razume.com/documents/26788

Thanks in advance

Omitted from resume
* Investment club activity
* University Research
*Habitat for Humanity

I've done a lot of searching and surprisingly, there hasn't been much discussion on this topic and there's no clear cut answer. It seems like trading salaries and banking salaries are more or less the same. Can someone confirm this? If so, why are so many more people willing to pull in 40+ additional hours per week for the same pay?

If you guys had to choose between interning on an oil trading desk at a BB that deals mostly in derivative contracts tied to various products or an FX options desk at a BB which would you pick? Assuming that in terms of cultural fit you would be indifferent, I'd love to hear your opinion, maybe taking into account the future of these desks in terms of regulation, pay, job security, etc... Thanks!

Hi, I am currently interning at a corporate finance division for a month at one of China SOE backed boutiques. However, I just went through a HSBC HK superday for Global Asset Management Chief Investment Office portfolio risk and analytics intern. If I am fortunate enough to receive this offer, could I use these experience to leverage myself for BB S&T internships in junior year?

Or would it just be completely irrelevant and not help me stand out and etc...

Additional info
I go to a target (Ross), and have a 3.6 gpa

Just read this article in the Wall Street Journal:

http://online.wsj.com/article/SB100014240527023034...

It says essentially that the banks are trying to develop an electronic bond trading platform that would reduce the need for Wall Street desks to take and fill orders from larger clients. How would something like this affect a Sales desk at a BB? Would it reduce the need for Salesmen the way people say Equities sales will be hit? Why would banks want any part of this, if presumably it would cut off a major source of revenue?

Howdy Monkeys,

This is more for my cousin since I'm near graduation already. My cousin has just been admitted to Queen's Commerce and also the London School of Economics and has till the end of June to decide. QC has pretty good placement but its pretty clear that LSE is much highly regarded in these forums.

However the course he has been admitted to is Economic History, not the flagship Economics or Government degree.
I'm trying to encourage him to go to London but can anybody on this forum shed light on if degrees matter for recruiting at LSE? I don't want him to go to LSE if the kids in the Economic courses gets all the recruiting and he gets screwed.

Much appreciation guys!

Hey Guys,

I know this has probably been covered before, but I wanted some suggestions on how I can write an email to a VP who I didn't contact for a few months after I was rejected from a first round interview (I told him how the interview went, but never followed up). I was just not sure what to say and how to craft my email. Any suggestions on how I word my email just to say hello and see what's up. I appreciate the help

Hey guys, this is my first ever thread, so sorry if it could be in a more relevant forum or something.

I'm an A level student in the UK, so if you're American and reading this, I'm still at high school. I'm hoping to study Politics at the LSE, or perhaps Warwick. For a couple of months now, I've been torn between what I want to do in life.

Hey guys,

I was just wondering how common a sales and trading internship is during the school year. I'm going to be a sophomore in NYC this fall.

I know a few kids working in different industries, but not in S&T. Is it realistic to get one without a really good connection? How should I try to find one?

On a side note, I'm interning at an IDB (not ICAP but as reputable one) this summer. Would this help me get into S&T and would that be a good way to network into the industry?

Thanks in advance

Hello everyone! I want to break into Sales and Trading!

I've searched all over this forum to find anything related to FX Sales, but I wasn't able to gain much information on what it is that makes it so different from sales roles in other desks.

Could you guys please explain to me what the major differences are?

One of the comments of the topics I found on FX sales said that FX Sales is very different from what other sales roles are. He said something like constantly informing clients the market information instead of actual selling. I didn't quite catch what it really meant, though.

Hey Guys I know this subject as come up before, but I would appreciate some clarification. I am currently in high school and I enjoy reading about the different roles in Finance. One area that continues to confuse me is that of Sales and Trading. What is the difference? Are traders similar to stock brokers? Do people in Sales work with the markets? If not, what do they do? I would really appreciate any feedback. Thanks.

Hi everyone,

I have 2 exploding offers from 2 different BBs, one in the Alternative Investment arm and one in S&T. For the Alternative Investments one, I would be working in one of their direct investments group (not FOF), while for the S&T will be rotational.

Could you please help me choose between these offers? Which offer would give me better exit ops to HF, career/salary progression, entry to business school (if I ever decide to do so), prestige, etc? I appreciate all your answers.

This is my first post, so I'm sorry if I posted this on the wrong subforum.

What does the SA in sales & trading SA mean?

I was wondering if Headhunters usually reach out to junior people within Sales and Trading.. I work in structuring at BB and haven't really seen people getting calls from headhunters..

whats the best way to get in touch with head hunters for open positions in fixed income and PE shops?

Is it common practice for S&T not get as much exposure?

Finally - can anyone send me some names of headhunters I can reach out too?

Thanks so much for the help!

Please can you rank these firms in terms of prestige, trading platform, usefulness for resume purposes, etc. Any other comments are welcome.

(all London branches btw - you don't need to rank them all. just pick the top 3 or something)

Ares
BMO Financial Group
BNY Mellon
Hermes
GAM
Exotix
ROGGE
MergerID
Gamma Finance
Hermes BPK Partners
Hutchinson Lilley Investments
Mansard Capital
KNG Securities
Alcentra

Is it more important to work at a desk that you may want to be at in the future e.g. FX desk at a small shop, then work your way to a BB? Or can you 'move around' in trading?

I will be working in Nomura's Global Markets division this summer. I was wondering if anyone had advice on what I could do to prep for this internship in the months ahead of summer? Tips from any past SAs will be helpful (even if not in Nomura)

Did anyone intern at Nomura last summer? What was the full-time offer rate like? And any tips on how to be successful there?

Thanks!