Is There Office Politics In Sales & Trading?
We have all heard about the sheer height of office politics in Investment Banking. I am sure it leads some of us to wonder what is this like in sales and trading? We have all heard about the meritocratic environment, but, can anyone share some light on any instances of dealing with blatant office politics within their role in S&T.
Any responses are welcomed.
Who covers what account and how much capital each desk gets are huge political fights. People who have the right juice and connections with senior management and can get stuff done for themselves and their desk are huge. If you happened to work with or for anyone who is now in senior management you are basically set.
This is spot on. Our sales groups bitch, moan, and groan about account coverage all fucking day. And when things slow down, they’ll always come after each other over account reassignment and bs like that. Institutional salesmen are the evilest humans in all of Finance. Thank god I’m on a desk, I’d kill myself if I had to deal with that shit.
Nothing like good old office politics come bonus day
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