Corporate Finance vs Sales and Trading.
Which is more worthwhile? Which is more fulfilling?
Which is more worthwhile? Which is more fulfilling?
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Liar's Poker brought me here
I know the post is old but I was thinking the same question the other day when I stumbled on this. Any ideas anyone? I would appreciate feedback.
Depends entirely on your personality, interests and the kind of work you want to do.
With regards to the earlier comment. Can you please elaborate on that? :)
I like both professions (as an idea; I have only done practical work in Trading, not corp finance). And only a portion side of trading, which is FX and equities for my own personal account not institutional or sales. Can you guide me please on this?
I love financial/capital markets. I am an economics graduate and I am keen on reading on macroeconomic trends and policies. Its a personal passion which I want to bring to the line of work I pursue.
As for the case of corporate finance, I only fancy the idea of learning about valuations and knowing via practice how to analyze financial statements.
corporate finance or S&T (Originally Posted: 10/03/2007)
I am looking for junior internship. I'm deciding to apply to only one division because it shows focus. (Or should i apply to both positions)? I had a MM corporate finance internship sophomore summer but now deciding to make a switch to S&T. however, i'm not sure if i should because my CF experience will give me an advantage when i apply for BB CF positions.
S&T. You are still young, why not take the risk now?
why not apply to s&t at some firms, and ibanking at others?
then it becomes complicated as to which firms i should apply as S&T and which i should apply as CF.
should i just apply to both? would that lower the chance of getting in each division because it shows lack of focus?
then it becomes complicated as to which firms i should apply as S&T and which i should apply as CF.
should i just apply to both? would that lower the chance of getting in each division because it shows lack of focus?
let's back up. which are you currently more interested or at least what do you think are the pros and cons of each?
You need to do a personal assessment to determine what would be the best "fit" for you regardless of your previous experience (they will teach you everything you need to know). As yourself a few questions: 1- Which do you like better long term projects (CF) or Short term Projects (ST)? 2- Do you like working in groups (CF) or by yourself (ST)? 3- Do you LOVE the constant craziness of the markets? (ST) Can you handle the craziness? --- trading floors can get very very crazy at time 4- Would you rather work non-stop for 12 hours (ST) or working on an off for 18 hours (CF)? 5- Do you need an actually lunch break? (CF) 6- Can you make quick decisions and have conviction? (ST) 7- Can you "read" people well? (ST)
There are just some questions to think about Hope this help --
... 8. Do you even follow the markets? At all?
To answer your other question, yes, it is STUPID to apply to both at the same firm. They might not find out if it's a big firm, for all I know, but don't risk it.
"
You need to do a personal assessment to determine what would be the best "fit" for you regardless of your previous experience (they will teach you everything you need to know). As yourself a few questions: 1- Which do you like better long term projects (CF) or Short term Projects (ST)? 2- Do you like working in groups (CF) or by yourself (ST)? 3- Do you LOVE the constant craziness of the markets? (ST) Can you handle the craziness? --- trading floors can get very very crazy at time 4- Would you rather work non-stop for 12 hours (ST) or working on an off for 18 hours (CF)? 5- Do you need an actually lunch break? (CF) 6- Can you make quick decisions and have conviction? (ST) 7- Can you "read" people well? (ST)
There are just some questions to think about Hope this help -- "
This is ripped off from the Goldman website, little girl. Our young friend doesn't even really understand what Sales/Trading/Corp fin is... he should get to that first and foremost.
I'm interetsed in s&T, i'm just wondering if it's risky to apply for both.
Thanks.
thanks for the help.
Yes it is risky. Would pick one and go all out for whatever you decide. Keep in mind getting the internship is as hard (if not harder) than getting a FT offer. You're going to dilute your chances chasing after both. Switching from S&T to CorpFin after your summer stint isn't nearly as difficult as getting the initial offer w/ the bank.
This is a utterly ridiculous question. Corp fin. and S&T are very different jobs.
institutional sales vs corp finance (Originally Posted: 04/16/2013)
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IMO if you want to get into Asset Management, start in Asset Management. Put a year or two in doing sales while getting your licenses and work towards a CFA. Network hard as well. JPM AM is a huge outfit that will provide tons of networking opportunities.
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BlackRock for the reasons you mentioned. Plus, assuming you pass all CFA levels, or even two, it may open up opportunities to move internally.
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