Too Late For S&T???
To tell my story, I am currently a second year at a lowish semi target on the west coast, I have a great resume for finance/trading/client facing experiences. I was recruiting & networking for more for AM/PWM/Private banking roles up until Mid January. Then I learned about S&T and sent in my apps to all the BB and some EB and started networking & emailing. Have not been able to get the best traction with networking, especially some of the bigger names. Have ok traction at 2 lower BB. How are my chances looking? Realistically how many people at a bank should I get to know for a chance in S&T? Are my chances better focusing more on a few banks that maybe are the top 3 but more top 10?
Based on the most helpful WSO content, your situation isn't uncommon, and there are actionable steps you can take to improve your chances for S&T roles:
Networking Depth vs. Breadth:
Timing and Persistence:
Tailoring Your Approach:
Realistic Expectations:
Next Steps:
Remember, S&T is about relationships and market knowledge. If you can demonstrate both effectively, your chances will improve significantly. Keep pushing!
Sources: Sales in S&T - What's the catch? (best job in banking)??, Conversation with an Equities Sales Trader, Sales in S&T - What's the catch? (best job in banking)??, How to break into S&T as a graduate?, https://www.wallstreetoasis.com/forum/trading/sales-in-st-dead-end-career-path-in-2020?customgpt=1
Ok, in my opinion, what you need to focus on is standing out to a few people, not networking with a ton of people. I would look for places where there is an apparent need to hire, and where you might have some specialized experience that is relevant. I would also consider smaller firms that might have less formal hiring practices than a BB bank. If it's what you love and you're good at it, you'll stand out and opportunities will come. In terms of whether you'll be competitive for the BB programs you're looking at, that's hard to say with this information. I mean applicants like you are a dime a dozen. Most I find are full of crap when you bring them in, so maybe you can stand out.
Guy above has good thoughts. Honestly, I think you're too late but can't hurt to selectively network.
I don't mean to be mean when I saidyou're too late but it's the truth
All good I would hate to be misled so I appreciate you being real. What's meant to be will be and all I can do is give my best and be happy about that.
You have a great attitude
Couple of random thoughts
1. Do you have an internship lined up for this summer, if you do, work hard at it do well and try to meet as many people as you can.
2. Get your SIE, shows you are serious about doing something client facing and markets based. You don’t need sponsorship.
3. In terms of networking, I’d focus on trying to connect with people who you have some commonality with in S&T regardless of where they work. Of course you want them to push your resume but your goal should be to try to build a relationship that may be beneficial down the line.
4. Find the smaller firms, their recruitment is not nearly as structured and can be great places to work with less red tape. Also great places to get experience and build relationships with people who might have larger firm experience.
5. Take a 5yr approach- If you can’t get the gig you want out of school it’s not the end of the world, firms are always looking for “low risk junior hires” people with a couple years of experience in a somewhat tangential role that wont take as much ramp up time/are more mature than a college student. Your networking now and staying in touch can pay dividends here.
Thank you so much!
I agree with the 5 year approach - out of school your odds are pretty low due to the structure of recruiting, but you have a strong chance in the next 5 years if you keep trying and gaining experience
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