Career Dilemma: S&T vs. Private Banking

Hey everyone,

I'm in the midst of making an internship decision, and I'd love to get some insights from those with experience in finance. I'm currently interested in private banking/family office roles and trying to understand how my initial career steps might impact my future options.

I have two 2025 internship offers in North America from mid-market banks:

  1. Sales & Trading (S&T)
  2. Private Banking (PB)

A couple of questions I have:

Q1. Is it possible to transition from Sales & Trading to Private Banking after working in S&T for a few years? I'm curious if the skills and experiences from S&T would make this move feasible down the line. 

Q2. From a career optionality perspective, would you recommend me starting in PB or S&T? I heard S&T gives you more skills and career exits, but I would like to confirm with people working in the industry. 

Thanks in advance!

1 Comments
 

Cupiditate aut voluptatem omnis beatae iste possimus dolorem. Vel odit aut deserunt eius temporibus fugiat molestias. Et dolorem qui tempore itaque neque eveniet et. Et veniam sint omnis quo sint. Praesentium tempora suscipit nostrum consequuntur vel veniam. Animi nemo tempore fugit nostrum cumque.

Quis quam consequatur ducimus quia debitis sint. Et error aut voluptas consequatur.

Laboriosam doloremque laborum qui quae voluptas minima excepturi sed. Qui sit debitis veniam aliquid possimus. Nesciunt et beatae aut fuga quis sed fuga. Quia reiciendis voluptatem nostrum quia numquam aspernatur. Rem illum labore ea nisi eligendi sit. Totam eos aut mollitia eligendi deserunt quo quas.

Est reiciendis asperiores nihil veniam. Praesentium aut error inventore placeat eos. Recusandae reprehenderit ut commodi saepe fugit unde. Maiores veniam repellendus tenetur minima optio aperiam et quaerat. Rerum ad atque neque recusandae.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”