Should I make the move : Sales vs Trading ?
Hello, decent user here, posting anon for privacy as some coworkers/coworkers' friends might be here as well
I got contacted by HH for a new Sales position at a Cantor type of place, coverage should be HY & Distress bonds. Had a few calls with HH & MD at the firm. MD looks interested in my profile and able to provide a solid base comp.
First issue here is that with the economic downturn coming for us, I have no view on how I would generate enough flow to make bank. Significant part of the job seems to be onboarding and source trades with new clients which could be very difficult if we enter a recession.
Second issue is that I'm currently in a trading seat, and I lateraled from a sales seat. It was a grind and I have no guarantee that I would be able to bounce back like that again if Im not successful at the new place, especially in current economic condition.
My background is approx : 6months trading -> 2.5yrs sales(SellSide Rates, Tier 1 city), then 1.5yrs trading at LO AM (Buyside Credit, Tier 2 city).
On the flip side, the position would be in a Tier 1 city that Im literally dying to go to (different that the one where I started). Other important point is that I don't trade my own book. I have PM track available at the AM but everything being very slow there, could be anything from 3 to 7 yrs to get there and comp seems unimpressive from info I gathered.
What kind of exit ops would I get if I jump ship ? I assume the Tier 1 city exposure could help as I was getting way more calls when I started vs now.
What do y'all monkeys think ?