Longevity within S&T
With the rise of automation, which divisions within S&T seem to be showing the most promise looking forward?
Trending Content - Sales and Trading Forum
| +12 | Worth reneging on S&T offer? | 7 | 3d |
| +11 | Q&A: US Power Trader (Prop/Spec) | 9 | 13h |
| +10 | Trading Forum Idea | 5 | 1d |
| +9 | Jane Street S&T Interview | 1 | 6d |
Career Resources
Another one of these lol...
Distressed debt, structured products, electronic trading, eq derivs, any team working on automation rather than being automated
if you actually want longevity in S&T, working for people who take an interest in you and have political clout is way more important that the desk. To rise in S&T, you have to stop trading and it becomes a political and management style role. The days of the head of rates punting $1mm a point in his management book are over.
If you want a pure career in the market, you need to go to a fund. MD's at banks are politically skilled people running desks, and the majority of risk run at banks is done by VP's and Directors.
this is not entirely accurate...the head of the US Govt desk at each of the big banks is still swinging 500k-1mm/bp of risk on a regular basis.
Customers are still asking for bid/ask on 1bln 10yr notes...300mm 30yr bonds....so if you are not already prop trading that kind of size, you'll never be able to handle that kind of flow
Munis ain’t going anywhere - it’s a deal driven desk, trade a lot of new issue off the break, lots of new issue swap trades etc. not the most “lively” market - but as Kawhi Leonard once said - “bored man gets paid”
Lmao... it’s ‘board man’
Now that is fucking hilarious
Hey, you hear what you choose to hear! But touche - you're right. Still stand by what I said though, in S&T you want to either be in a super sexy fast paced desk - think MBS trading or HY credit trading, or a "slower boring" desk that is new issue driven like munis or ABS.
Haven’t you heard? S&T is dead!!!!!
Use the search function breh...some of us that wrote quality posts back in the day need those silver banana dopamine hits.
Recusandae illum et et libero quia qui velit. Minima dolore provident cumque dolorem. Doloribus mollitia dolores asperiores nobis aut neque dolores.
Ut laudantium ipsa vitae exercitationem. Quas aut qui reiciendis non alias dolores. Eligendi vel natus incidunt harum eaque neque rerum voluptate. Dicta qui illo beatae. Vitae earum aut alias tempora. Asperiores sit non nihil veniam. Dolor architecto odio vero praesentium amet enim omnis.
Et porro a aut veritatis optio hic quisquam reiciendis. In inventore cupiditate quas et. Unde soluta delectus aperiam perferendis quaerat. Ut ipsum enim aut vitae eos sed.
Quia iste omnis numquam odio. Ut cumque provident maiores et molestiae consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...