This doesn't make sense to me

Pardon my ignorance, but with regards to MS's FID how can they trade commodities? When I think of FI, I think of a source of revenue that comes in at fixed times. So, therefore I think of bonds. How can the FID be trading commodities and options, etc?

6,061 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '24 Sep 2026 Cohort

5.00/5

Investment Banking Short Resume Review / Recap

“The session was very helpful particularly the detailed review of my CV and the discussion of networking strategies. My mentor gave practical suggestions on how to present my experience more clearly and make my bullet points more relevant to investment banking. I also appreciated the advice on identifying contacts and writing more personalised outreach messages. The only improvement would be to leave little more time for concrete networking examples and a clearer list of next steps after the call.”

Class of '25 Nov 2026 Cohort

5.00/5

Investment Banking Career Roadmap (optional)

“Benjamin gave me a clear, honest roadmap for breaking into investment banking. We worked through where my current role and MSc fit, which banks and seats to target first, and what to prioritise over the next few months. Benjamin asked sharp questions about my background and was straight with me on realistic timelines and what banks look for in someone coming from outside the industry. Every part of the call was useful. I left with a plan I can act on right away. I'd recommend Benjamin to anyone.”

See All 11,240 WSO Academy Reviews

3 Comments

ShreddiesBrah

HF

16y

Fixed Income = FICC in other banks

Basically, anything which isnt traded under Equities is branded under Fixed Income. Doesn't really make sense, but it is what it is.

Reply

Quote

Report

Other

tdr34

HF

16y

It's just a convention.

Reply

Quote

Report

Other

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock

flyingmonkey

IB

16y

Et adipisci cum libero nam animi nobis delectus. Veritatis eos nihil nihil aut qui quia labore. Quo eius animi fugiat et totam. Atque temporibus nobis consequatur eos ea. Asperiores consequatur aspernatur non atque laboriosam non.

Reply

Quote

Report

Other

Merchant Bankcard

Trending Content - Investment Banking Forum

+132	Why do JEF bankers always think they’re EB?	53	2h
+67	Is my MD a grifter? 16 years, 8 firms	28	19h
+67	"Corporate & Investment Banking" Analyst - Why?	40	1d
+48	MS / GS IBD ACs London interview processes run by nationality?	43	2d
+43	No return offer - UPDATE.	12	3d
+42	Moat of modelling in PE/Finance completely vanished;	12	1d
+41	Article: UBS Wall Street Rebuild Is a Study in Management Failure	7	5d
+34	Want to join investment banking; is it too late/is my background unacceptable?	28	22h
+28	Ambitious CC Student trying to break into IB	12	5h
+27	Think I'm fucking up my analyst years	5	1h

Career Resources

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	kanon	99.0
5	CompBanker	98.9
6	DrApeman	98.9
7	Betsy Massar	98.9
8	dosk17	98.9
9	GameTheory	98.9
10	bolo up	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

This doesn't make sense to me

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

This doesn't make sense to me

See All Comments - 100% Free

Trending Content - Investment Banking Forum