Is S&T still a good career path?
Back in the day Trading floors were the pride of Wall Street. It's where the money was made. Rambunctious sailer swearing yuppies with chips on their shoulder.
Then interest rates dropped… more and more and more. Does the fed fund rate even exist now?
There was always a strong dichotomy of Financial Institutions: the white shoed intellects of IB, and the edgy Traders. The Traders were in back then.
Now IB is the easier path to hedge funds even. It seems like you won't get far inwithout a strong quant background.
Salaries are lower than IB, bonuses, for the most part, are lower as well.
Are there still good exit opps? Is this a prestigious path?
What does it mean to be a trader in 2022?