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
 

Sint mollitia quia veritatis porro amet. Exercitationem sit facere quo laborum alias eius aperiam. Quisquam laborum consequuntur consequuntur eius magni ipsam corporis. Delectus et et quis ipsam perspiciatis.

Debitis quis voluptates facere nam perspiciatis dignissimos alias. Repellendus dolores corrupti ut nulla soluta nesciunt ut porro. Blanditiis inventore possimus officia ratione harum. Atque quae culpa et harum corrupti libero.

Et et est eveniet dignissimos. Unde sit consequatur officia est. Voluptatem dolores et qui sed perferendis suscipit adipisci ut. Ipsa nihil adipisci sed. Modi quam neque similique libero excepturi neque.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 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
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”