got a job at a top institutional broker dealer?
Hey everyone,
I need a bit of advice regarding my situation:
I graduated from a target school, majored in two hard science majors, I interned at a BB in S&T last summer but didn't get an offer (headcount issues), market was really bad and hardly no one came to my school for S&T recruiting in the fall, subsequently despite being very competitive the only offer I had was for middle office at a BB... which I knew I would hate.
Fast forward to the spring I ended up with an offer to work as a "Institutional Sales & Trading" analyst at a subsidiary of a large BB - keep in mind the subsidiary is purely a broker dealer. The position is a one year rotational program - I would get to sit on different desks (energy, metals, options, cash, etc). I accepted the job offer because this was still front office, even though it wasn't at a BB, it was at their subsidiary (but it is run independently of the BB) . Plus, a job is better than no job.
Now that I've accepted however I am starting to get "second thoughts". I realized I didn't research enough on broker dealers (exit opps, career paths, etc) as I should have. I did a bit of research on WSO on broker dealers but I still have a few questions:
1) How will a sales trader at a broker dealer fare in terms of salary and exit opps compared to a sales guy at a bank?
2) Is it possible to go to a good b-school (top 10) having worked at a broker dealer instead of a BB? I'm very worried about this because having interned at a BB, I know I can get interviews anywhere after. I'm afraid after working at a broker dealer; I won't be able to get out if I decide this career isn't for me. I also don't want to go to a crappy b school after then having to deal with crappy recruiting.
3) After 2-3 years is it possible to switch to a sales desk at a BB?
4) Anyone know in light of the new regulations, where is sales at a BB headed? Where is say a sales trader at broker dealer going? Am I better off in a BB?
Ultimately I'm trying to decide if I should I continue looking for a job in S&T at a BB.
Thank you in advance for any advice.
wait...aren't all of the S&T arms of bank technically "broker-dealers"?
Interested in this as well
Expedita placeat eum itaque nemo non aut voluptatem. Enim quisquam assumenda quisquam perferendis. Qui quia sit omnis rem. Sapiente quaerat soluta ipsa totam molestiae. Perspiciatis sed minus tempora ut at atque. Ducimus blanditiis ut sit et aperiam ipsum ipsa.
Aliquam qui sequi est laudantium accusamus odit. Fugit harum velit officiis. Dolor occaecati impedit illum qui vero consectetur. Quo aspernatur voluptatum possimus id tenetur mollitia fugit.
Consequatur voluptatum nam tempora accusamus. Sunt aut non voluptas necessitatibus. Similique corporis omnis provident perferendis est. Et voluptatem iusto ut dolore repudiandae repellat quis.
Iure reprehenderit sequi tempore id. Quaerat architecto est debitis omnis explicabo. Sequi delectus veritatis qui corrupti. Itaque in nesciunt sapiente porro quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...