Grad role and internship this summer

Hello,

I am in a bit of a pickle - essentially I want to go into Sales and Trading but have no previous s experience in it.

I completed a summer internship last year (after 1st year of uni) in Equity Research, and whilst I learnt loads of invaluable skills I realised it was not for me. This summer I have 2 options for internships either Equity Research of Private Banking, I am leaning towards PB because it would be a different experience - any thoughts on this?

I should also clarify that my internship last summer and potential one this summer are in my home country through networking as I was not able to secure a relevant internship in London (the closest i got was insurance or risk).

Considering I dont have any relevant S+T experience - would it be wiser to apply for PB or Equity Research grad roles or should I still try S+T?!

I understand there can't be a definitive answer to this - I am just trying to get different POVs.

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2 Comments

WSO Monkey Bot

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2y

Based on the most helpful WSO content, here are some insights and advice for your situation:

Internship Choice:
- Private Banking (PB): Opting for PB could provide you with a broader experience and a different perspective compared to Equity Research. This could be beneficial in diversifying your skill set and making your profile more versatile.
- Equity Research: Since you already have experience in Equity Research and found it wasn't for you, it might be more advantageous to explore a new area like PB.
Transition to Sales and Trading (S&T):
- Networking: Continue to leverage your network to gain insights and possibly secure informational interviews in S&T. This can help you understand the field better and make connections that could be valuable when applying for roles.
- Relevant Experience: While you may not have direct S&T experience, skills from both Equity Research and PB can be transferable. Highlight your analytical skills, understanding of markets, and client interaction experience in your applications.
Graduate Roles:
- Applying for S&T: Despite not having direct S&T experience, it is still worth applying for S&T roles if that is your ultimate goal. Emphasize your interest in the markets, any relevant coursework, and your proactive approach to learning about the industry.
- Backup Options: Applying for PB or Equity Research grad roles can serve as a backup plan. These roles can still provide valuable experience and potentially offer internal mobility to transition into S&T later on.
Additional Steps:
- Skill Development: Consider taking courses or certifications related to trading, financial markets, or coding (if relevant) to bolster your resume.
- Informational Interviews: Aim to conduct informational interviews with professionals in S&T to gain insights and advice on breaking into the field.

Remember, the key is to demonstrate your passion for S&T and how your previous experiences have prepared you for a role in this area. Good luck!

Sources: Advice Needed - Quant to S&T - How to sell my experience?, https://www.wallstreetoasis.com/forum/investment-banking/should-i-pursue-st-or-ib?customgpt=1, Ask CompBanker, IB vs. SWE threads are mostly pointless, London Advice on current situation and transition to IBD/S&T

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Grad role and internship this summer

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