MS vs. Barclays vs. Citi vs. BAML vs. Deutsche S&T (All NYC)
Hi my fellow WSO friends, I have been/highly likely will be given offers in these couple banks under sales and trading. For MS it is specifically in equities and DB in FIC. Any suggestions on how to rank them or just any insights in general? Thank you!!!
MS is the top equities house on the street. If you want to do Equities, go here.
I think it's important to decide what product you want to do before you make a decision really. FIC vs Equities is pretty different and that choice affects the ranking here.
When you refer to equities at MS, do you mean cash equities, equity derivs, or just equities in general?
I suppose it is everything related. Since most of the time they just go in one asset class as compared to other FI, FX, etc.
JPM/Citi/GS are the top banks for FICC if that’s what you want to do. If FICC choose Citi, if equities or commodities choose MS
Thank you! Any insights about the retention rates? I heard MS is recently no longer making the interns compete against each other
They’re all relatively similar, they are competitive at every bank. During my SA it was around 70-80% for reference. You should take into account the structure of the program, for Citi for the FT folks they have 6 month rotations with each desk vs GS/JPM where you get placed on a desk from the get go. The pro is that you get to try out and learn many different products with the con being that you won’t really get your own book until your associate years while your peers have already had some trading exp
May I ask when and where you did your SA? It's fine if you prefer not to say since I see you are anonymous, but thanks so much for sharing!!
Pm me, didn’t even mean to be anon lol
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