Top BB S&T vs TDP

Have the choice between both programmes. Come from a Math background and can code well, but very little financial knowledge or trading experience. 

Would probably aim to get on the commodity desk at the BB (GS MS JPM). Interested in pros and cons for each choice - I know TDP is the ‘golden ticket’ in commodities trading, but also heard that the BB is better for financial prop trading, which seems to be more common (i.e. the HFs, quant firms etc).

Interested in the macro side of things, but also want to put my STEM skills to use.


Any advice appreciated

3 Comments
 

If your goal is commodity trading specifically, TDP is usually the faster track to those desks, with structured exposure and mentoring. Big banks give broader experience and can be a better springboard if you want flexibility, quantitative modeling, or exposure to prop trading and macro research.

 

BB S&T is better if you want to leverage coding/quant skills across multiple products and markets, and gives a strong resume for HF or quant roles later. TDP is more specialized, excellent for pure commodities, but less transferable outside that niche. Your choice depends on whether you want depth in commodities or breadth in trading/quant skills.

 

Illum voluptatem sint sed et quis facilis. Cum id praesentium repudiandae sint laborum. Provident iure est repellendus et. Eius earum mollitia est illo assumenda rem iusto.

Nisi earum nemo voluptatem velit perferendis. Ut tenetur omnis aspernatur qui.

Vel molestias minima ad debitis sint iure velit. Dolores delectus quasi cum tempore similique nihil et. Aut et officiis dolorum est maiores et et. Ipsa fuga aperiam consectetur molestiae. Soluta ducimus incidunt omnis modi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”