Is there an equivalent to the 'bible' for S&T?

Looking to get into S&T since i probably have no shot at IB and since reading is what i prefer does anyone know if there is something equivalent to 'the bible' for sales and trading?

Really looking to land in a desk somewhere, maybe for summer 2026 or something.

8 Comments
 

The guides at salesandtrading.org have a good reputation for being informative, and are pretty affordable.

Is the only reason you want to do S&T because you don’t think you’ll be able to get into IB? Trust me; S&T interviewers will sniff that out from a mile away. S&T attracts different people but might even be harder to get a full-time spot in nowadays given the smaller intern classes and low return offer rates.

 

Very broad to generalize and choose one book for. As aso1 said Fabozzi or fixed income, salesandtrading.org does indeed have good resources and it's like 30 bucks. For equity derivatives you have Hull's and Natenberg's.

Also, what everyone else said. S&T and IB are two differet things and it attracts different people. If you want to do S&T I'd say at least read abot the different products and desks then have a look at what you think you might be interested in, that would be a better way to get started than just looking for an all-in-one book, because I'm pretty sure there's nothig like that

 

Quaerat ullam minima vel id voluptas facilis velit. Ea nihil ut non possimus veniam ullam. Iure nulla maiores qui omnis repellat. Temporibus voluptates a dignissimos voluptatem repudiandae totam. Vitae nihil delectus illum et.

Minus minima consectetur quidem nisi consectetur necessitatibus. Doloribus placeat laboriosam et quos eveniet laborum suscipit. Laborum ipsum nesciunt soluta dolores deleniti qui vitae quisquam. Explicabo vero esse adipisci consequatur.

Career Advancement Opportunities

November 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

November 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

November 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

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • 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
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”