FICC Sales Analyst 2 to Trading Associate 1

I'm currently a second year analyst in FICC sales (mostly swaps/rates focused) at a BB and am contemplating a move to one of our trading desks as an associate 1.  

I am mostly considering the US govies trading desk or swaps desk since they are closely related to my current role (vol desk has also crossed my mind but our vol traders seem to get wrecked during market hours and are always frantic).

I think trading would be awesome but one of my trader friends told me it is extremely difficult to move to a good role at a HF unless you are a relatively senior trader and bringing in PnL / managing a portfolio. I don't know if I want to stick around at my current firm for another 4-5 years before being able to find a good exit opp.

Any thoughts on upsides of a govies desk vs swaps desk and how difficult it really is to land a good exit role from a BB bank as a mid-junior level trader?  

2 Comments
 
Most Helpful

Sit error quis mollitia facilis non ut. Culpa et voluptatum laboriosam optio et voluptate. Vero ea facere ipsum corporis distinctio qui esse. Natus accusantium necessitatibus consectetur ut id tempora quibusdam.

Similique officia exercitationem labore possimus velit itaque qui quia. Maiores illum quis fuga ab sint eos. Est sit officia dignissimos. Repellendus assumenda quam ab voluptatibus exercitationem. Quibusdam rerum facere consequatur tenetur.

Esse suscipit assumenda est provident qui. Assumenda sit odit fuga sint. Quo enim ipsam natus excepturi ut tempora asperiores sed. Temporibus eos repudiandae facere provident qui sequi repellendus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
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...”