alternative paths to equity Sales
If you don't get into a formal "analyst program". What other paths are there to equity sales. I've heard many say that trading assistant and operations is merely a game of extreme luck. And, I don't see a point in spending two years and 150k on an MBA, that simply isn't going to teach me how sell. (I feel like equity sales is a learn on the job type of thing). I'm not crazy about trading, I think my persona fits much better in sales and client relationship building.
Thus, I'm curious if there is more reasonable career paths into equity sales into a respectable firm?? Anyone with personal experiences or observations that can comment???
sorry can't help I did the whole "spending two years and 150k on an MBA" thing
Without knowing your specifics (like school, age, experience) I can say that the only way to get into equity sales is too get into sales and trading. To a person with a finance background, an MBA is a worthless piece of paper that you only get so that you have access to the alumni network of the MBA program. If your GMAT is high and you get into a really strong MBA program then I suggest that you take the debt load and do it. The MBA will open doors for your networking. While still difficult, I don't think getting sales from an operations position is as hard as it is for trading. Its just a matter of getting sales guys to like you. Also, there are a lot of banks like Morgan Stanley Smith Barney that are retail focues (I know a bunch of former ops/MO guys that are sales men there). If you want to get into equity sales at a reputable firm you need to start at the best firm that will take you. Its all about experience and staying in the current field. You will not get equity sales if you decide to sell another non-financial product (like health insurance).
You might also want to look at other types of sales positions within an Investment Bank. For example, Asset Management Divisions at all the major banks have institutional sales people who are the go between between the institution and the firms portfolio manager. They market all the banks differnt products to the clients and have to know about all the different products the firms sells like PE, FX, Equities, ect.
lateral hires do happen, sales is a relationship business and if you can bring those to the table then you have a chance
Breaking into Equity Sales from Consulting (Originally Posted: 04/08/2015)
Has anyone ever encountered someone that got into equity sales (analyst position) NOT straight out of college? I've been in consulting for the past 1.5 years but I am contemplating to switch career paths...
A friend's firm is looking to fill a junior equity sales position and I am wondering if I would have a chance. They offered to pass my resume along but I know it isn't that simple...I need a damn good story...Based on your experience in the field, what do you think? Any advice or stories people can share? Do you think it's possible or a waste of time? Thanks!
Curious as to why you'd want to go from consulting to equity sales?
What degree for Equity sales trader? (Originally Posted: 05/14/2007)
What degree would I seek if I wanted to become an equity sales trader for an investment bank? At first, I thought investment banking was the career for me but after seeing the endless hours and large amounts of stress, I think an equity sales trader would be my type of job. It seems a lot more appealing to be making deals than researching companies.
However, what degree would I pursue in order to become an equity sales trader? Is the quality of life a lot better than IBing?
About what is the starting salary compared to an IB'ER?
I'd appreciate any links to more information on the career, I haven't been able to find much. Is there another name for equity sales traders?
s&t makes slightly lower base pay with limitless potential for bonus, however
the stress is not more or less, just different
you prob wont be working 100 hour weeks in s&t
s&t base pay is the same as IB. normal hours would be like 630am-530pm. vault.com/finance has a good article that describes the day-to-day for an equity sales-trader.
The type of degree you pursue does not matter as much as the skill set you need to suceed. you need to be analytical, very quick thinker, and have a HUGE amount of interpersonal skills. You need to be able to have a client on one end, a trader on the other, and somehow make a price that makes both happy.
If i had to pick a major or two that would be helpful, i guess I would say a general economics degree. or a econ/psych double major.
don't go into equities...
Equities are interseting - but fucking margins
its true. margins for domestic stocks are very low. but margins on international stocks, specifically asia, etc are actually expanding. If you want to go into equities, I suggest looking into the international realm.
Sit fugit explicabo id sunt molestias reiciendis. Quos aut ut voluptas tenetur dolorem optio qui.
Qui ut nam vel quo praesentium. Sint esse sit earum id nesciunt eos. Quam enim aut quia quasi.
Molestias temporibus ipsam cumque. Et officia magni consequuntur natus. Eaque temporibus velit illo fuga quas eos a. Eos dicta sed numquam omnis facilis animi illo nulla.
Consequatur molestias quibusdam repellendus eligendi atque. Explicabo odit soluta repudiandae autem esse qui officiis. Quod sit dolore repellendus officia.
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...