How likely is it to get fired in S&T?

I recently got an SA S&T offer and strongly considering the career path. I was wondering how likely it is to get fired if I wanted to stay in this career at least 8+ years? I heard Ana->Asso is easy but going to VP and then to Director gets more and more unlikely. What do you need to do to get promoted continually?

The Social Network For Smart Money Investors

  • Commonstock built a platform to showcase the portfolios, real-time trades, and analysis of the smartest retail investors, helping you distinguish signal from noise. 
  • From equities and options to crypto and NFT's, markets are changing fast. It's more important than ever to find trustworthy information. 

Comments (9)

May 9, 2022 - 9:55am
mayoineko, what's your opinion? Comment below:

There are a lot of older traders. As the business is more platform-driven now it is more about relationships and knowing operations and tech systems. There are plenty of traders that top out at VP and make a decent enough money to stick around for life.

Most Helpful
May 11, 2022 - 12:30pm
analystshmeeb, what's your opinion? Comment below:

None of the below reply's quite know what they are talking about.

IF you want to start a career in sales and trading and you are very good at what you do, you can always seemingly jump bank to bank in my opinion and have a job. 

This might mean moving down a tier or something of that nature, but if you are young and scrappy there will always be a need for sales folks... until you arent young and scrappy any more. I was told this going into S&T and it is genuinley true, but what they do not tell you is that you will get priced out of the business. IF you are a vanilla equity sales person at say a BMO or a FX Sales person at say a US Bank you provide little to zero value add for the client besides how good your traders can make your prices. That is what scared me. A bridgewater PM does not care about your opinion on an equity that you are ramming down their throat. They have worldclass research teams, why would they trust you. I would be cautious about going into a carreer just based on how well you can have a beer with the custy when all they are hunting for is best price. Here is where you get priced out. Your bank will probably not fire you but will continue to pay you worse and worse until you keep moving down the line to worse banks. At that point your job becomes more fragile. 

Then again, if you are selling exotic options for bespoke illiquid products where the corporate treasury team has little idea how to delta hedge and you can add insane markup to a 30 year option than you can literally generate 20+ mm PNL for a BB no problem and take home a fair amount of it. THAT ser is harder to do and what would make sales getting into. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
May 11, 2022 - 12:34pm
bopguy, what's your opinion? Comment below:

I'm pretty dead set on S&T but I definitely want to get into a rotational program and see where I fit best. What are your thoughts on working in multi/cross asset desks as part of a structuring team? If I were to go into the trading side, how would you say the progression for trading compares to sales? I'm definitely torn between the two. I'm also hoping the a DCM desk would be a backup in the case that I really dislike flow based desks. I'm honestly a beginner to all this so any advice you have would be great!!

May 11, 2022 - 12:45pm
analystshmeeb, what's your opinion? Comment below:

My advice is to not be so picky and try to make it in the bank first. You can even say you want to do fx Sales for xyz and then that Summer figure out and network with other teams. I would rather be a summer in fx Sales at JPM than a summer in some slightly more complex product at midtier bank only by the nature that being in a BB the S&T capabilities are drastically better. 

That being said... try to get into a fixed income product. You are right that a rotation in DCM would be incredibly helpful for a career in sales. 

To answer your second question... peep my other thread https://www.wallstreetoasis.com/forum/trading/2nd-year-st-to-ibd-associate-ask-me-about-st

May 11, 2022 - 12:50pm
bopguy, what's your opinion? Comment below:

I actually kind of am in that situation right now and trying to get into a US BB for SA 2024. And yeah, breaking in to those BBs will definitely be the harder part, will be more selective about specific desks once I get there, I guess. I was wondering if you had some advice for me on this thread: https://www.wallstreetoasis.com/forum/trading/is-2-sophomore-st-internships-big-5-canada-worth-it-for-penultimate-bb-recruitment

Also will take a look into your other thread, thanks for the great advice so far!

May 11, 2022 - 1:00pm
analystshmeeb, what's your opinion? Comment below:

Illum aut possimus et consequatur rerum. Numquam doloremque nulla perferendis. Debitis quae veniam et molestiae dolores est. Blanditiis dolorem et corrupti sunt. Nesciunt repellendus rem et sed et. Qui assumenda nam cupiditate est vel quaerat rerum.

Quia repellat odio commodi alias sint. Quaerat rem autem modi non nulla rerum cupiditate. Quo optio voluptas ut et sequi laboriosam ad. Non culpa perspiciatis unde voluptatem perferendis amet. Molestias itaque et dolore ipsum. Sunt voluptas odit aut cumque. Magnam quidem excepturi ullam.

Beatae exercitationem et quisquam quas sint nulla eum recusandae. Temporibus nemo eligendi qui illo dolorem. Tempora ut dolores quis a.

Id et architecto fugiat fugit sit unde. Suscipit sint aliquid est.

Start Discussion

Career Advancement Opportunities

July 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲07) 98.8%
  • Bank of America Merrill Lynch (▲01) 98.4%
  • Houlihan Lokey (▲06) 98.0%

Overall Employee Satisfaction

July 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • Rothschild (▲01) 98.4%
  • Evercore (▽01) 98.0%

Professional Growth Opportunities

July 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Lincoln International (▲04) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Houlihan Lokey (▲07) 98.4%
  • Bank of America Merrill Lynch (▲04) 98.0%

Total Avg Compensation

July 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (37) $394
  • Associates (192) $256
  • 2nd Year Analyst (117) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (369) $150
  • Intern/Summer Associate (79) $147
  • Intern/Summer Analyst (292) $92