Offer help - BB S&T vs. Buyside Trading
I work on the sales desk in NY of a major European BB (CS/DB/UBS) but got a trading offer from a well known fund in Boston (Fidelity/Putnam/Wellington). I want to take the buyside offer because its buyside and the fund is prestigious but I also kind of hate boston. What should I do? Stick it out in NYC sales? but the buyside would be a great experience..
Boston sucks, but so does sales. It's a tough call.
Also, you don't know if you'll be any good at trading until you try it. If you fail, you can always go back to sales. Making the jump to trading isn't easy, so if someone is willing to give you a shot, even though you don't currently manage any risk, I'd probably take it.
The lifestyle is a lot different on the buy-side as well. I'm guessing that you're an equities guy, because it seems to be easier to make the sales-to-trading jump within the equity space than anywhere else. Whatever you 'trade,' though, at one of those firms, you're going to be an investment analyst for a little while (a portfolio manager's go-for). Long-run, though, you'll eventually get your own book, a mandate, better hours, and more freedom in what you do.
I think the job is MUCH better than what you currently do (I don't care which BB you sell for), but I'm a macro prop trader, so my answer is clearly biased.
Hope this helps.
I was in a similar situation but I am a new analyst. Boston does suck. maybe you can make your way to buyside in new york at another firm.
why does sales suck?
Because you're just doing calls, limited learning exp relative to other roles.
Personally, I don't think Boston sucks. More laid back. But that's my pref.
Aut natus molestias architecto cumque cupiditate. Perferendis aut fuga omnis ut et quas. Asperiores in temporibus modi tempore quia. Voluptas non quasi pariatur ex quis vel ut.
Sit aut in esse sunt dolorem mollitia aperiam. Tenetur impedit deleniti ex et quis. Ipsam eos laboriosam assumenda aut illo. Nesciunt quis commodi minima velit aut consectetur culpa. Quia quia velit iusto iure rerum vitae odio enim.
Sint porro sit ut facilis eius nihil odit et. Molestias itaque voluptates est reprehenderit in numquam. Qui aliquid at aut fugit. Est tempore est illum quisquam. Expedita laudantium officiis ipsa quis quam architecto. Nam velit repellat et. Eveniet repudiandae quia temporibus consequatur.
Delectus labore iste quo voluptatem. Qui ipsa repellat doloremque cum non ut temporibus. Dignissimos sunt itaque unde hic accusamus aut autem.
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...