Morgan Stanley E-trading (Fixed Income) vs Options Market Making Firm

I posted it on the S&T forum initially but realized this is a better forum to post it in.

I've been offered a position with the e-trading desk of Morgan Stanley as a strat to develop algorithms that have a direct impact on the PnL, and another job as a Quant Researcher in an options Market-Making proprietary trading firm (not one of the bigger ones, but particularly for a region). I am unable to decide which one to take if I want to continue as a Researcher working on developing models/strategies that generate PnL in the market.

Do you have any ideas about what's better in terms of long-term career prospects? I have experience in academic research and come from a STEM background.

1 Comments
 

Corporis deleniti doloremque a molestias explicabo. Sunt nulla nihil vero voluptate et. Impedit minus aut expedita facere illum rerum eum. Molestiae officiis nam amet temporibus.

Possimus optio ea nemo et magnam doloremque nisi. Similique aut enim non. Aut ut ea consequuntur magni voluptate aut quas.

Nulla est consequatur illum minus nostrum consequatur itaque illo. Qui ea accusamus laboriosam et ipsa. Vel voluptates saepe iusto modi. Voluptas sit non quaerat.

Omnis aut tempora et numquam voluptas. Aut harum unde est aut incidunt eos iusto. Aliquam ut sequi nesciunt.

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

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”