Breaking into Sales and Trading c/o 2025 from a West Coast Semi-Target

I've been following WSO throughout undergrad and have always found it helpful. Now, I’d appreciate some guidance on a perhaps unique situation.

I recently graduated a term early from [Semi-Target West Coast School] and interned in Asset Management at MS/GS/JPM this past summer. While I gained valuable experience, I realized I was more interested in Global Markets/S&T. I was upfront about this toward the end of my internship, but unfortunately, the office where I interned was not hiring full-time in that division—even for interns already in that division. My attempt to switch divisions also meant I did not receive a return offer, despite receiving positive feedback throughout the summer.

With about six months until full-time programs begin, I’m weighing my next steps: Should I pursue a Master’s? Try to land another internship despite already graduating? Explore off-cycle roles?

Would love to hear from anyone who has pivoted from AM to S&T or navigated a similar situation. Any advice would be greatly appreciated!

6 Comments
 

Based on the most helpful WSO content, here’s a roadmap to help you pivot from Asset Management (AM) to Sales & Trading (S&T):

  1. Explore Off-Cycle Roles:

    • Many firms, especially in Europe and Asia, offer off-cycle internships in S&T. These roles can be a great way to gain relevant experience and potentially convert into a full-time offer.
    • Research smaller firms, boutique trading shops, or even proprietary trading firms that may have less structured hiring cycles. Networking with alumni or professionals in these firms can help uncover hidden opportunities.
  2. Leverage Your Asset Management Experience:

    • Highlight transferable skills from your AM internship, such as market analysis, portfolio management, or client interaction.
    • Tailor your story to emphasize your interest in markets and trading, showing how your AM background has prepared you for S&T.
  3. Network Aggressively:

    • Networking is critical, especially since you’ve already graduated. Reach out to alumni, former colleagues, and professionals in S&T roles.
    • Attend industry events, webinars, or conferences to meet people in the field.
    • Use LinkedIn strategically to connect with recruiters and hiring managers in Global Markets divisions.
  4. Consider a Master’s Program:

    • If you’re unable to secure a role in the next six months, a Master’s in Finance (MSF) or a related field could be a viable option.
    • Programs with strong placement records in S&T (e.g., LSE, MIT, or Princeton) can provide another shot at recruiting while enhancing your technical skills.
  5. Apply Broadly and Strategically:

    • Target roles that are one step removed from S&T but offer transferable experience, such as risk management, treasury, or even middle-office roles.
    • Keep an eye on rotational programs that include exposure to trading desks.
  6. Perfect Your Pitch:

    • Be ready to explain why you’re pivoting to S&T and how your AM experience aligns with the role.
    • Practice your technical skills, as S&T interviews often include market-related questions, brainteasers, and case studies.
  7. Stay Active in the Markets:

    • Demonstrate your passion for trading by staying up-to-date on market trends, trading strategies, and financial news.
    • Consider trading a personal portfolio or participating in trading simulations to build hands-on experience.
  8. Be Persistent:

    • As seen in WSO threads, many users have successfully pivoted to S&T through persistence and adaptability. Keep applying, networking, and refining your approach.

If you’re open to unpaid or flexible internships, this could also help keep your resume fresh while you continue your search. Remember, the key is to stay proactive and leverage every opportunity to build relevant experience. Good luck!

Sources: Non-Target Undergrad to Non-Target Grad to Asset Management, Graduating MSF - no job, 2018 Sales and Trading Recruiting (Intern), Please Advise: Never-Ending Job Hunt, Breaking into long only Asset Management

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

Since you have already graduated I’d focus on getting any full time role that is somewhat applicable to S&T. Anything client facing and somewhat markets based will do, the goal is to get some experience, build your resume and grow your network within S&T. My firm has hired from PWM, buy side sales, junior buyside traders, ops, etc. Just got to get some experience and get your name out there. Desks are always on the lookout for junior hires who have a couple of years of somewhat tangential experience who can get up the curve faster than somebody out of college. While you are searching for that role continue to network with anybody you can in S&T you just never know who might be looking. 

 

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