S&T post MBA - how often does this happen?
I was looking to get some advice on post MBA opportunities in the US.
I was hoping to get some insights on how easy it would be to secure an Equity Research or S&T role post-H/W/S MBA? Doesn't seem like they place a lot of people into these roles but that might also be a function of the students who choose not to go into those functions?
In particular, do trading desks look to add a few people from MBA classes or do they primarily look at MFE / MS in Finance candidates when looking to add associate-level roles to their trading desks.
I'm assuming H/W/S grads have to jump thru various hoops to get into coveted S&T roles in BB firms but comparatively is it easier than landing IB roles or does it really depend on pre-MBA experience (Btw, how easy is it for someone with 2.5 yrs BB IBD experience to make the switch into S&T after the MBA?)
H/W/S? IBD and S&T is yours to lose. Not guaranteed, but I wouldn't call it jumping through hoops.
Traditionally the b-school for S&T has been UChicago followed by Wharton. This was a few years back so I don't know how it is now but things don't change quickly. People from S&T actually come to recruit on campus.
S and H probably don't have on-campus presence for S&T but it would be very easy to get in touch with alumni and get interviews. (in fact it may be even easier to get the ultimate offer since fewer people from S and H are interested in S&T in the first place)
So I assume with decent quant background and strong interest in markets, an S&T job would be relatively easy to get. Do the BB's really push S&T at B-Schools, I assume they push it much lesser than IBD - or is it just that students are more interested in IBD?
What I don't get is why MBA's choose IBD over S&T, when markets are more interesting, you get more autonomy as a trader as opposed to always following instructions from someone (less hierarchical than in IBD), the pay is more directly related to your performance and you climb up the ranks a lot faster. Sure, the exit options are not the same in IBD but once you join as associate in BB IBD, the exit options tend to be a lot lesser than as an analyst in IBD anyway. Would like to hear from those who have considered S&T and then went into IBD or vice-versa?
I'm working @ a BB this summer in S&T and can confirm that the two summer associates @ my firm are both from Penn. And as to what you just said, where it seems like you think S&T would be more interesting, seems like you think you know what you want to do, so why not give it a shot?
we have two associate interns and both are in sales and from non targets
well when I got my FT analyst position S&T was considered in the realm of "upper middle office" if that makes any sense lol. Definitely much less coveted than IBD FT positions. Obviously thats changed in the last decade. But with the advent of the volcker rule (or even its watered-down spawn) things might shift again. And besides that there is a lot more variation in job descriptions in S&T. It's a jungle out there. Some are extremely boring with pay much lower than IBD. Come to think of it Im sure the median pay in IBD>median pay in S&T. And maybe the average pay im S&T>average pay in IBD. There's definitely a bit less career risk in IBD too.
I wonder if its because you were going for an analyst position and not an associate position.
The exit opportunities from IBD in the US are far greater or rather were far greater than S&T and maybe that's why IBD roles were more coveted. But once you get past the analyst phase the exit options reduce considerably in IBD, perhaps reducing the value of the 'pay cut' and deep subordination.
Breaking into S&T Post-Graduation (Originally Posted: 03/28/2012)
It seems as though even more so than other financial positions, S&T only hires at the U-grad or MBA/masters levels. Has anyone had any luck breaking in within their first year or two out of college with no previous experience or only internship experience? Any advice would be much appreciated as I am most interested in Inst. sales. Thanks
Also interested, no success so far, I know of one guy who got in after two years of being an assistant at a D-I football program and coming from a target school.
It's going to be pretty tough in this environment. Your best bet would be at a botique, directly onto a BB desk is out of the picture.
If volumes ramp up and the uncertainty clears a bit for S&T is it more possible then or will BBs always stick to on campus or experienced hires?
What do you currently do now? Its tough to get onto a desk but not impossible. Networking is extremely important, if you have some solid relationships with VP's, MD's or desk heads they can really pull their weight and bring you on if a junior guy is needed
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