Desks that offer global mobility in S&T

Based on the most helpful WSO content, desks that typically offer strong global mobility opportunities in Sales & Trading (S&T) are those that manage global books and trade across multiple time zones. These desks often require collaboration across regions and provide exposure to international markets, making them ideal for laterals to other financial centers. Here are some key insights:

1. Fixed Income, Currencies, and Commodities (FICC) Desks:

   • Rates Trading: Often operates on a global scale, with significant activity in major financial hubs like London, New York, and Tokyo. Rates desks frequently trade overnight markets, making them a strong candidate for global mobility.
   • FX Trading: Foreign exchange is inherently global, with desks in APAC, EMEA, and the Americas working closely. FX traders often have opportunities to move between regions due to the interconnected nature of the market.
   • Commodities Trading: Commodities desks, especially those dealing with energy or metals, often have a global presence and require traders to understand regional market dynamics.

2. Equities Trading:

   • While equities trading is generally more region-specific, desks that handle global indices or ETFs may offer mobility opportunities. However, this is less common compared to FICC desks.

3. Global Macro Desks:

   • These desks often trade across asset classes and regions, making them a natural fit for professionals seeking international exposure.

4. Desks with Overnight Trading:

   • As you mentioned, desks that trade overnight markets (e.g., FX, rates) are more likely to have global mobility opportunities. These desks require seamless handoffs between regions, fostering collaboration and potential lateral moves.

5. Considerations for Mobility:

   • Headcount and Performance: Securing a return offer and excelling in your role are critical for mobility. Firms are more likely to support moves for high-performing employees.
   • Networking: Building relationships with colleagues in other regions can increase your chances of transferring.
   • Firm-Specific Policies: Some banks have structured mobility programs, while others may require you to initiate the process informally.

Focusing on desks with a global footprint and demonstrating strong performance will position you well for future opportunities in other financial centers. Good luck with your summer analyst role!

Sources: https://www.wallstreetoasis.com/forum/trading/what-are-the-top-volatility-trading-desks-at-jpm-gs-and-what-differentiates-them?customgpt=1, Trader + Career Advice = Next Job, https://www.wallstreetoasis.com/forum/investment-banking/did-anyone-enjoy-or-appreciate-their-ib-experience?customgpt=1, https://www.wallstreetoasis.com/forum/trading/sales-trading-vs-ib?customgpt=1