Breaking Into S&T Program FT Without S&T SA, or Macro HF More Long-term

Hi everyone, 

I recently became very interested in trading, especially in more macro-oriented asset classes like FX and commodities, and was wondering what the best path forward for me would be to break into an S&T analyst program without an S&T SA, as I am currently a Junior so I know that the chances of me securing an S&T internship by now are very low and my internship for this summer is in PE, so somewhat unrelated. In addition, if anyone has any knowledge of or experience in breaking into Macro HFs I would appreciate any advice on the path forward for that as well. For further context, I am at a T25 majoring in econ and data science. 

Thanks in advance for the advice. 

6 Comments
 

Iure sed odit nihil consequatur. Et in in sint maxime ipsam.

Enim recusandae enim non fuga. Sit quis aut optio dolores odio velit odit. Est facilis nobis ad reiciendis facere deleniti magnam et.

charts
Better Odds of Getting Into Trading With WSO
We help you land the role or you get free tuition.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”