2 Comments
 

Based on the most helpful WSO content, making a pivot from Investment Banking (IB) to Sales & Trading (S&T) as a 2nd year analyst can be a strategic move. Here are a few insights and advice:

  1. Understand the Differences: IB and S&T are quite different in terms of work style, daily tasks, and skills required. S&T is more about quick decision-making, market understanding, and client interaction, while IB is more about financial modeling, deal-making, and long-term projects. Make sure you understand these differences and are making the switch for the right reasons.

  2. Develop Relevant Skills: For S&T, you need to have a good understanding of financial markets, be able to make quick decisions, and have excellent communication skills. Brush up on these areas if needed.

  3. Network: Reach out to people in S&T to understand more about their work and express your interest. This could be through LinkedIn, alumni networks, or even within your current firm.

  4. Leverage Your IB Experience: Your experience in IB can be a strong point. You've gained a solid understanding of financial concepts, valuation, and corporate finance, which can be valuable in S&T.

  5. Prepare for Interviews: S&T interviews can be quite different from IB interviews. They may involve more market-based questions, brain teasers, and trading simulations.

Remember, it's all about showing your passion for markets and trading, leveraging your existing skills, and demonstrating your ability to thrive in a fast-paced environment. Good luck with your pivot!

Sources: S&T Summer Analyst Lateral to IB FT?, 2nd year S&T to IBD Associate -- ask me about S&T, https://www.wallstreetoasis.com/forum/trading/ib-after-st-summer?customgpt=1, 1st Year S&T Analyst Lateral to Investment Banking

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Vel voluptas odit aut nam quaerat. Laborum itaque sit nobis nihil qui temporibus. Magni dolorum corporis rerum voluptas nobis modi soluta.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”