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

Fabozzi for fixed income. You can find a free pdf online im sure

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

Choosing between S&T and IB isn't an either or decision. You either enjoy the role/lifestyle of one more than the other. They are both elite sellside programs on wallstreet, stop listening to prospects who haven't worked any where before.

Bruce tuckman