What do "Strats" do at an IB?

I haven't been able to find much information on this forum about what strats do (GS, DB) and was curious if anyone works as a strat and what they could tell me about the job. I'm wondering if comp would be in line with M&A and the like.

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What do "Strats" do at an IB?

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What do "Strats" do at an IB?

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