Some questions about IB and S&T

I've seen some posts comparing IB to S&T, and trading more specifically, but wanted some more specific questions answered.

  1. is getting into a M7 b-school easier through IB than thru trading? Are your chances higher with  IB? Or do you have the same chances if you were to do trading at a BB? Is this idea that working in IB (or even trading for that matter) increases your chances of getting into b-school even true? I need to clarify a lot of myths/potential misconceptions here.

  2. are IB exit opps superior? Seems like with IB you can break into tech, vc, hedgefunds, etc. But with trading the only exit opps you have would be to hedgefunds due to how pigeonholed you are in terms of transferrable skills as a trader. is this true? 

  3. I read an article that MS raised their base for analysts in a bunch of divisions to a flat 110k before bonuses (IB and S&T included). Is this the case with most/all of the BBs? is comp between IB and trading around the same nowadays? Are IB bonuses perhaps bigger? 

P.S. ignore the region. Should be US. Italy glitched itself onto there lol.

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Comments (11)

  • Intern in IB - Gen
May 30, 2022 - 10:45pm

2) In trading, your exit opps can be hedge funds, corporate hedging department (mostly FX & fixed income), private credit (depends on desk), fintech, or a regulatory role in the SEC or something similar.

There are plenty of exit opportunities in S&T, they are just different than the traditional IB exits.

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  • Analyst 1 in PropTrad
Jun 3, 2022 - 11:23am

Building off the previous comment here, the exit ops are completely different and half of the exit ops for S&T and even S&T itself for some of the more senior positions do not require business school at all. Maybe the CFA would look great for an investment management role and stuff but for a Quant Trading/Prop Shop/Quant Hedge Fund etc a master's in pure math/statistics would be better.

You should figure out what you want to exit to because additionally a lot of people who are interested in S&T can sit down and study a little more and end up trading at a prop firm which kind of is the exit lol and you can get there out of college with just an undergrad degree. I had a few S&T internships and then ended up directly in prop trading. My new grad offer was 350K and I can't picture myself leaving this place. The culture is sick, everyone is smart, the pay is great, and my ideas get listened to. I worked 60-hour weeks starting during training and now I'm sitting comfortably at 45-50.

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  • Prospect in S&T - FI
Jun 3, 2022 - 1:59pm

study a little more

If you have no/little experience with stats and/or coding, this requires a much bigger investment of time than you're making it out to be.  No one pays a kid $350k out of the gate for just "studying a little".  Furthermore the social aspect of S&T compared to prop can't be understated.

  • Analyst 1 in PropTrad
Jun 3, 2022 - 5:57pm

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