Going from Fixed Income Trading SA at AM to BB Fixed Income S&T?
I am a 2027 grad at a target (HYPS) trying to get a realistic read on how feasible it is to move from a summer analyst role in debt trading at an asset manager (think T. Rowe, Wellington, Artisan, Fidelity, etc.) into BB Sales and Trading, ideally in fixed income with an EM focus. I'll be on an EM desk this summer.
Wondering if my summer experience help meaningfully, or do banks still heavily prefer candidates who interned on a sell-side S&T desk? Also, since most full-time analyst spots seem to be filled by returning S&T interns, are there actually open seats in August or September, or is the process mostly just replacing like 2 people who do not return?
If it is tenable to try, how aggressively should I be networking starting now? Should I be reaching out to various desks already, or is that too early? Any advice from people who have made the move from buyside trading to S&T, especially fixed income or EM, would be very helpful. Trying to understand whether this is a real path and how to approach networking before full-time recruiting opens.
bro you go to hyps. land a summer at a respectable am on an em desk and your first thought is “how do I grovel my way into bb s&t like a salesman?"
Agree, not sure why OP is trying to move from buy-side trading role into MM/S&T. If your role at AM ends up being purely execution, then you will have plenty of experience and connections to know who's hiring at S&T, and if your role spans beyond execution, that sounds like where most people are trying to exit to
Are you doing the em debt trading internship at Artisan?
has to be
No not at that firm but I know about that internship and bc it's similar to mine I put it in the list of examples
lazard?
It can be helpful even if it is pure execution focused. (I'm assuming this will be the case given the actual investing seat in those shops wouldn't label the job as trader but as Investment Associate/analyst). Execution trading on equities vs macro is quite different and skillsets you gain from trading those instruments will prove to be useful for trading macro products in BB as well.
But you're right about the part that NG recruitment for S&T is much narrower (but this would be the case for all FO industries no?) so I'd advise you to network hard during mid-later timing of ur internship. Focus on getting the return offer first.
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