Are Cash Equities Really Fucked?
So I have a BB S&T SA stint this summer and am trying to figure out where I want to be. I absolutely loved all the equities guys I met (traders, Sales traders, and Sales team were all great) but I feel like that product isn't exactly safe right now for long-term prospects. Also, I have somewhat of a math background and I find Fixed Income more interesting. I'm wondering if I should pursue working with the equities guys because I like them or if I should focus on a spot somewhere in FICC so I have a better shot of going on to FT/having a career there.
EDIT: I don't want to name the bank but it's not rotational and I do have some say in where I'm placed.
Best advice I always give is to work with the people you connect the most with - you'll be relying on more senior members of your desk to train and mentor you. If you can work under someone who genuinely cares about your career progression and bothers to teach you the ins and outs of whatever product you're trading, you'll have a great start to your career.
With that said, yes cash equities isn't exactly a growing business but it's not going to be extinct anytime soon either.
much of it is going to algo and you dont really learn much on the desk as a MM. go for cash equities only if you are in sales
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