Someone weigh the pros and cons of working at each. Would anyone choose IDB over S&T at one of the BBs? Also, what's the pay going to look like starting out and down the road?
Thanks
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Is this a real fucking question?
So if you could please show some class and sufficiently answer my question...unless you don't know it of course.
Def not.
I think our reactions answer your question enough...
Use the search function and do your own research.
Again, not looking for a response from the peanut gallery...
For idb Cons: ur verbally abused all day and If ur trader goes to the buy side ur screwed, much less intellectually stimulatIng, a constant battle to create business, jersey city, constantly having to take traders out at their request Pros: if ur really good u can make good money, I might be wrong but I think brokers have bigger expense accts
take the S&T job and you can always do idb, of course you won't want to.
take the idb job and it will be much harder to get into S&T if you find out you don't like it.
Being in IBD for almost a year now. Definitely not a exciting place to be at if you want to be intellectually stimulated... Definitely choose S&T...
do interdealer and have a great life
If you have buyside contacts that will pay you go to an Inter dealer you will make 4-5x what you would at a BB.
If you want to transition to the buyside and be in a more analytical role PM/analyst go with the BB.
Being at an inter dealer you are going to have to work 10x harder for business. What you monkeys on here do not realize is funds HAVE TO PAY THEIR PRIMES/BB's first. If they do not they get cut off. A IDB execution broker is paid AFTER they pay the big boys. You wont have the massive infrastructure and support staff at a IDB that you will at a BB. Do you know how easy it is to cover accounts when you have 50-100 research analysts pumping out sht daily and able to answer any question that a client may have. Its a lay up but that comes at the trade off of making less money.
As far as an inter dealer having a great life I bet anyone my life is way more stressful than most 2nd years at BB's.
What the hell is Investment Division Banking?
Inter-dealer Broker, brokers' brokers.
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