Hey guys,
Just received offers from several BB's for their summer S&T positions and summer IBD positions.
I'm currently in 3rd year university and worked in IBD at a BB last summer as well... Having been in IBD, I've definitely loved and hated some parts of it.
Namely, the hours are awful. Even so, the type of work bankers do is boring and not intellectually stimulating... at ALL. Therefore, I applied to a whole bunch of S&T places hoping for a change.
However, now that I have offers from both sides, I'm extremely nervous about jumping into S&T. I really don't know TOO much about it (because I havent had experience in it). Also, IBD seems like an excellent way to springboard onto PE/anything finance related.
If I entered S&T at a bb, would I be able to jump into banking if I didnt like it? What about PE/hedge funds?
Lastly, who gets higher pay? (I know this is a back and forth topic)
Thanks for all your help.... I really need to make my decisions soon!
I hate when people who don't work in trading talk about 'exit opps'. Software developers in google don't have exit opps. Neither do lawyers. The only career that cares about 'exit opps' is banking and consulting.