S&T in Spain

What is the current state of S&T in Spain?

Guess Santandar/BBVA have the biggest operations, but curious to know what products they trade, what type of profile they tend to hire etc

Comments (6)

Most Helpful
  • Analyst 1 in IB-M&A
Aug 7, 2022 - 9:12pm

My understanding is that the bigger EU trading desks are in Paris, Milan and Frankfurt with stronger focuses on forex and fixed income compared to US desks. I haven't heard anything about Spainish desks but I would assume Santander has a fairly strong trading wing, but also that on the whole, for tax reasons, S&T is rather sparse in Spain.

  • Analyst 1 in IB-M&A
Aug 14, 2022 - 10:44pm

I'll caveat this by saying that there are some big equity trading desks but there are 2 main factors bumping up fx and fixed incomes. 1. Copying London's fx mecca status and providing EUA access to  trading currency which isn't needed as much in US given the oil dollar. 2. History of a stronger DCM market in Europe and market dynamics which favor global fixed income over equities 

Aug 12, 2022 - 4:29pm
smovic, what's your opinion? Comment below:

Nada de nada, complicado meterse, muy pocos sitios

  • 1
Aug 14, 2022 - 8:45am
GalleryFloorCabinet, what's your opinion? Comment below:

Est et non molestias earum omnis. Quisquam iste voluptatem qui neque non voluptas. Voluptatem cum consequuntur alias voluptatibus nihil est.

Totam libero tenetur ab est expedita. Incidunt dignissimos commodi voluptatem velit sapiente enim quo. Voluptas voluptas laudantium sit voluptatibus ab.

Consectetur itaque corrupti asperiores. Et quis voluptate sit autem ut sunt illum est. Corporis eaque aut dolorem non iusto provident quia dignissimos. Deserunt optio labore error vitae pariatur.

Rem non soluta aliquam illum. Odit animi consequatur sit. Voluptatem quidem aperiam consequatur omnis. Eum expedita quos et deleniti nemo quia.

Start Discussion

Career Advancement Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

September 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲02) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

September 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (211) $257
  • 2nd Year Analyst (131) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (441) $150
  • Intern/Summer Associate (83) $150
  • Intern/Summer Analyst (320) $92