Future of S&T sales?
Finished up an internship in IB and got to meet quite a few sales guys across the internship at various networking events (mainly equity sales).
Role seemed quite interesting - wondering what the future of sales is in markets, and any potential exit opportunities (i.e. HF IR etc).
Bump
It'll stay around forever. Ultimately PMs at hedge funds or asset managers like to be treated well and like what sales people do for them. It's very sink or swim. Either you can sell or you can't. It's not too bad in the first year or 2, but after that you're expected to perform.
Exits would be some HF IR, but I've found people prefer to exit to PE/corporate IR.
I fucking hate it when people say something you can do it or you can’t do it
That doesn't make it any less true though, especially for sales traders
True
Yeah got over my head there language was too much
Salesmen are one of the oldest professions. Probably one of the only non blue collar jobs that exist throughout cycles of automation.
How much do you get rewarded as percentage of Pnl at BB for flow and prop? For macro products..any estimate or range
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