IBD vs Sales Trading summer analyst
which is better IBD vs Sales Trading summer analyst both at BBs
ultimate goal PE
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Career Resources
IBD
IBD by far ... With that said it depends on the fund strategy.
IBD.
In general, IBD is better for PE. The SA offer rates are usually higher. In some firms, the IBD FT offer rate was double the S&T offer rate.
This is how S&T offers work. Let's say there are 50 interns total. Like 15 will get offers. 5 will get them on merit, the other 10 will get them because of "fit" which in S&T is a bullshit code word for we played football at x target school
S&T = dumb jocks?
dumb certainly not Jocks good possibility
but jocks = dumb
Andrew Luck, Myron Rolle, Mike Mussina, etc all just ran train on your mom.
John Elway, Ryan Fitzpatrick
lmao
throwing or kicking something doesnt make u smart
You do realize all of those people attend HYP or S...so they are stupid because they choose to use there physical talent?
IBD for PE... S&T is often good for HF's, and as to what everyone else said Trader's are not dumb... not by a long shot
What about sales?
IBD vs S&T (credit/fixed income) SA (Originally Posted: 11/11/2013)
Hi,
Would appreciate some input on this. I only applied to IBD internships but was redirected to S&T by a BB bank due to my CV (somewhat strange since I am doing an IBD internship right now). Spoke with a fellow within fixed income sales after having slept two hours following some really intellectually stimulating IBD work (align that box, increase that font, update that model und so weiter). It might be relevant to mention that I already have secured an IBD internship at a BB for the summer.
This sparked a sudden change of interest. I realized I am working far too much and that I just barely stand what I am currently spending 16 hours a day doing. I mean if you love PPT and Excel then this is the job of your dreams but I am not sure I do. I have a finance background from undergraduate studies and I enjoy some parts of S&T; however, I don't consider myself a trader type. I love gambling but don't wanna look at charts all day trying to predict the next move (I realize this is probably very distant from what you actually do within S&T; please enlight me). The only division that I feel could be interesting for me within S&T is credit/fixed income but I admit I don't know too much about it.
What I am worried about: - I don't know if I am the right type since I have very limited experience from trading beside managing my own portfolio (buy-and-hold style) - Exit opportunities? What do you do after 5 years within fixed income sales for example?
P.s. Sorry for any grammar mistakes
I had IB and S&T offers and went with IB because a) I liked it/wanted to do it, but also b) from speaking to people in S&T, it became apparent that while there is some mobility, people who start in S&T usually stay in S&T to a large degree. A senior FX salesperson I spoke to said if I start in sales I'll probably stay in some type of sales my whole career if I want to stay in finance. This may not be true for everybody, and you may be able to overcome it if you try S&T and dislike it because you are talking about SA rather than deep into a FT S&T career, but it's worth mentioning the skillset you develop/exit ops that you get are far wider in IB than S&T.
Thanks for the reply, really appreciate it. You mention some of the concerns I have been having in terms of exit ops. Not sure if I wanna stay in finance forever; I have a tendency to become quite cynical towards most of the things I do over the long run.
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