+44 Breaking into Physical Commodity Trading FT - Graduating Senior w/ Finance Background Struggling to Find a Way In 10 5mo
+18 London Salary Master Thread 2026 26 5mo
+140 Anton Kreil - Institute of Trading and Portfolio Management MENTORING PROGRAM. Overpriced and Undervalue. 40 5mo
+17 Career change: physicals->sales/trading 13 5mo
+14 Fertilizer & Food 4 5mo
+3 S&T Interview help 3 5mo
+4 Wells Fargo S&T Internship (FI Rotation) 4 5mo
+23 Can I recruit for both RX banking and S&T credit/fixed income? 13 5mo
+3 Is edhec target for london? 3 5mo
+12 Physical Commodities / HF / Infra PE? Chimp seeking guidance 2 5mo
+5 BNP Paribas Miami?!?!?!?! 7 5mo
+19 What happened to the Due Diligence Federation? 6 5mo
+3 BNP Paribas Miami Sales Internship Updates!!!!!????? 10 5mo
+11 Leave oil trading for 6-12 months to lock in EU citizenship - stupid move or smart long-term play? 6 5mo
+15 BB summer possible return + 1 year masters Vs 2 Yr masters 5 5mo
+3 Asset Management vs Sales and Trading 4 5mo
+39 BP Trading? 69 5mo
0 Nextera acquiring Dominion - Energy Trading Discussion 1 5mo
+18 Navigating Barriers to a Trading Role 1 5mo
+24 Physical commodities. Is an ops leadership job 7 - 10 years into my career an acceptable outcome, or am I settling? 3 5mo
+3 Goldman Corporate Derivatives Team 4 5mo
+18 Setting the Record on Exit Opportunities 6 5mo
+10 How critical are inital years to break into quant trading 2 5mo
+7 Nomura Global Markets SA 2027 39 5mo
+23 Breaking into S&T: Python Projects 6 5mo
0 securitized product technicals 1 5mo
+59 Breaking into S&T SA. How are interviewers evaluating “markets interest”? 15 5mo
+6 Desks that offer global mobility in S&T 3 5mo
+9 The Ohio State Finance vs Indiana Pre-Business (Kelley) vs Penn State Econ — Best Path to High Finance / S&T? 3 5mo
+3 BB Vol Desk Quant Strats Exit opportunities? 1 5mo
+10 What degree is the best for Physical Commodity trading 6 5mo
+13 Impossible to recruit for TDPs without reneging? 4 5mo
+6 Equities v Fixed Income trading for market making firms 6 5mo
+16 ESSEC MiM vs ESCP MiM (PGE)— Fixed Income Sales / Risk-Sales Trading 9 5mo
+3 Sogo Shosha 1 5mo
+98 The CLO Sell Side experience 32 5mo
+8 JPM Markets Superday 18 5mo
+21 Physical vs Financial (paper) Commodity trading 4 5mo
+9 FX Strategy 1 5mo
+30 Exit Opportunities For Real Time Power Trader 19 5mo
+1 Should I learn poker before S&T 2 5mo
+18 AI in S&T 8 5mo
+9 ESSEC MiM vs ESCP MiM — Fixed Income Sales / Risk-Sales Trading 1 6mo
+12 Oil Trader career progression 9 6mo
+3 BNP Paribas Cash Equity // Portfolio Trading // Program Trading 0 6mo
+13 Hong Kong S&T/IB recruitment vs London 4 6mo
+18 CFOA (Certified Futures and Options Analyst) - Anyone with firsthand experience with this cert, candidate or hiring side? 3 6mo
+41 LPG?? 33 6mo
0 LPG trading 2 6mo
+16 New analyst - but no "passion for the markets" yet? 7 6mo
+21 BB S&T vs Prop Trading Firm (London) 12 6mo
+6 CIBC SA 27 Offers Out Yet? 10 6mo
+3 Pause My Algorithmic Trading Bot During S&T Internship? 2 6mo
0 How much does domestic Turkish harvest data actually matter to grain traders? 1 6mo
+9 Incoming PM intern at a commodities company. How do I learn the trading side? 1 6mo
+17 Not a STEM Degree, but into quant trading? 6 6mo
0 Citadel/JS sales roles 2 6mo
+7 What to do after accepting an offer? 9 6mo
+18 Sales & Trading Internship Preparation 3 6mo
+301 For love of the game 56 6mo
+11 UBS Global Markets 14 6mo
+494 Navigating The Floor: A S&T Analyst's Guide 28 6mo
+9 Breaking into Macro Trading from Non-Target 1 6mo
+15 Sophomore (Non-Target) Dual Major Finance + Energy Commerce | Data Analytics Cert | Seeking Advice on Energy Trading / Energy Banking / Commodities 10 6mo
+4 Will I get my internship offer rescinded 12 6mo
+42 how to break into Macro trading/Global macro 21 6mo
+7 Best banks to trade macro credit 9 6mo
+1 How many interns do trading desks hire FT? 3 6mo
+16 Bank of America S&T Supday 5/1 48 6mo
+43 Gold bugs squashed by aggressive selling 23 6mo
+15 Best trading desks at GS? 17 6mo
+11 BP Early Careers Event 19 6mo
+35 Sales & Trading at a Bank vs Quant Trading 8 6mo
+13 How to leverage BB S&T internship for QT roles? 4 6mo
+27 Shipping->Commodities desk 14 6mo
0 good reputation trading desks at BNP Paribas NYC 0 6mo
+9 Highest ROI move for Markets: Big 4 consulting or still do MSc? 1 6mo
0 Summer Intern Prep (Equity Research/Sales & Trading) 1 6mo
0 RV forecasting models 1 6mo
+19 trafigura apprenticeship 10 6mo
+11 Any newsletters you guys read for S&T? 6 6mo
0 Barclays SA London S&T Conversion Rate 2 6mo
+13 Summer Analyst Predicament - London 6 6mo
+27 Fixed Income @ Morgan Stanley - S&T vs Research 4 6mo
+22 IB vs S&T 8 6mo
+9 Writing a Substack 1 6mo
+2 Getting into commodities advice 2 6mo
+25 Why Sales & Trading? 13 6mo
+12 Best fixed income desk ? 3 6mo
+10 IB to Commodities trading 4 6mo
+34 Q&A - Commodity Grad Program Trader 7 6mo
0 Bocconi --> London S&T? 1 6mo
+6 How are you guys tracking sovereign bond auction data across countries? 2 6mo
+7 CIBC Global Markets SA 27’ 28 6mo
0 WF sa 2027 4 6mo
+17 Wells Fargo Summer 2027 vs BNP Paribas Sales & Trading Internship 12 6mo
+19 AM full time offer, or reapply/network to S&T (London) 9 6mo
+3 MS London SnT Summer - Rotation Selection Guide and General Advice 2 6mo
+17 How to prepare for S&T SA internship at a BB? 7 6mo
+5 S&T to Asset Management 7 6mo

Career Advancement Opportunities

October 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

October 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

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • 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...”

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From 10 rejections to 1 dream investment banking internship

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