+288 Rates Trading is Paradise 28 2mo
+127 S&T 2026 bonus thread 125 1mo
+124 Energy Trading Q & A 45 4mo
+56 Breaking into S&T SA. How are interviewers evaluating “markets interest”? 16 3w
+54 Are S&T interns actually useful? 22 9mo
+52 Starting S&T Internship — Rules of surviving the desk? 5 7mo
+52 First DS at small oil trading firm – what ML actually helps physical/paper desks? 23 5mo
+51 London S&T recruiting 2026 392 8mo
+43 Best products to sell? Best products to trade? 16 2mo
+43 Energy IB to Commodities Trading 12 4mo
+43 VP in PE considering wild swing to commodity trading - where to start? 24 2mo
+43 Breaking into Physical Commodity Trading FT - Graduating Senior w/ Finance Background Struggling to Find a Way In 10 1w
+42 is trading actually worth it for beginners right now? 7 1mo
+41 Commodities/Energy Trading Internship Rankings 40 2mo
+40 Exits to HFs: Sales vs Trading in S&T? 20 2mo
+39 Q&A: AVP in USD rates derivatives 36 9mo
+39 how to break into Macro trading/Global macro 21 1mo
+38 Path to Commodities as Undergraduate Junior 21 5mo
+35 Sales & Trading at a Bank vs Quant Trading 8 1mo
+35 Commodities physical trading vs S&T at a BB 16 2mo
+35 How to make sure I don't end up at a trash S&T desk? 19 3d
+34 Q&A - Commodity Grad Program Trader 7 1mo
+33 S&T SA 2027 298 1mo
+32 Oil TDP Interview Question 5 10mo
+32 NIGHTMARE Recruitment Process at Nomura Global Markets (15 interviews & Rejected in Final round by HR) 4 3mo
+32 Fundamental / Equity / Macro Research Roles at Quant Trading Shops 35 8h
+31 Is there an equivalent to the 'bible' for S&T? 8 11mo
+31 Fallbacks? 4 8mo
+31 Internship in Africa? 10 5mo
+31 How much overtime can I get away with as an S and T intern? 43 1mo
+30 Best S&T desks for non-STEM/CS background 7 9mo
+30 College student networking via bloomberg? 13 7mo
+30 Exit Opportunities For Real Time Power Trader 19 1mo
+29 Any of you guys gotten a job you’re slightly under qualified for, then your senior leaves? 5 8mo
+27 Top macro trading desk to choose for FT? 15 6mo
+27 Fixed Income @ Morgan Stanley - S&T vs Research 4 1mo
+27 No interviews for S&T 8 6mo
+27 BB S&T London Comp Progression: Can Anyone Confirm These Numbers? 10 4mo
+27 Prospect of the Military as a Means to an End (Advice Welcomed!) 9 4mo
+27 Shipping->Commodities desk 14 1mo
+26 Is my boss valid or not for giving me this feedback 2 10mo
+26 is being a fundamental analyst at a trading firm a dead end, and if so, what are my options? 8 5mo
+26 LSE Economics or Imperial Economics, Finance and Data Science (EFDS) for S&T 22 1mo
+25 LOST yet motivated 7 10mo
+25 Should I join one of the big physical commodity trading house in Mumbai or join a new gas/power trading company in Edinburgh. 12 9mo
+25 Why Sales & Trading? 13 1mo
+25 s&t internship desk/rotation placement process - what to expect 11 4mo
+25 Future Of Power Trading? 8 4mo
+25 MS vs GS vs JPM FI S&T Exit Opps 35 3mo
+25 Summer Internship: Top BB (not GS) Trading desk VS Squarepoint QR 26 3mo
+25 Deleted del del 9 3mo
+24 Goldman Sachs London FICC & Equities Sales and trading Superday 2026 GS 134 4mo
+24 Shipbroking/chartering questions, trying to get in the industry 18 3mo
+24 Investment Banking intern to S&T 17 3mo
+23 Marketing @ a large national railroad 6 11mo
+23 Breaking into London IB/S&T with a CS+Math degree at a target? 15 2mo
+23 Practicing Python 19 7mo
+23 TN Visa → F-1 Visa international targeting IB/S&T/AM — which firms actually sponsor front office roles? 7 1mo
+23 Can I recruit for both RX banking and S&T credit/fixed income? 13 1w
+23 Physical commodities. Is an ops leadership job 7 - 10 years into my career an acceptable outcome, or am I settling? 3 2w
+22 Info on Full Time Sales/Trading 2026 Roles 11 10mo
+22 Feeling stuck Rates Trading An2 4 9mo
+22 Best Trading Desks in S&T 12 4mo
+22 IB vs S&T 8 1mo
+22 200+ Networking calls, 0 offers. What am I doing wrong? 7 2mo
+21 Garden Leave - Tips on How to Stay Sharp? 5 11mo
+21 Power Trading at Alphataraxia/DC Energy 8 4mo
+21 Market Opinion on Exxon Global Trading 7 5mo
+21 RBC Global Markets 7 2mo
+21 Interviewing Options Traders 5 3mo
+21 Physical vs Financial (paper) Commodity trading 4 1mo
+21 Going from Fixed Income Trading SA at AM to BB Fixed Income S&T? 8 20h
+20 $110k Structured Finance at Rating Agency vs $105k Middle Office Trading at BB (Need Advice) 7 6mo
+20 School me on S&T 11 3mo
+20 How hard is it to break into physical commodities trading 1 2w
+19 Starting FT straight after SA 6 11mo
+19 S&T or QS 5 7mo
+19 Need Advice — Prop Trading, is it career suicide? 5 6mo
+19 Trade Support = Best Finance Career 12 5mo
+19 Received offer for a Trade Operations Analyst role at a small quant fund 6 5mo
+19 Sales and Trade Schools 15 4mo
+19 RBC S&T exits? 6 2mo
+19 Does bank matter for S&T Exits 13 3d
+19 BB S&T vs Prop Trading Firm (London) 11 1mo
+19 Setting the Record on Exit Opportunities 6 2w
+19 What happened to the Due Diligence Federation? 6 1w
+18 ACT Commodities / Group 1 11mo
+18 Shell X BP Merger 7 11mo
+18 S&T: Future Outlook, Preparation, and Early Career Advice 6 10mo
+18 Petroleum Engineer to Natural Gas Trader? 6 6mo
+18 QT Internship vs. BB FT 10 6mo
+18 EM Credit/FX/Rates Trading 5 5mo
+18 I can show you how to look at the markets like a proper key risk taker 14 3mo
+18 Goldman Sachs Superday for FICC and Equities | Sales & Trading NYC Office 7 3mo
+18 Q&A: Building Live Trading Strategies (Quant Finance + ML + LLMs)” 1 2mo
+18 S&T and IB 11 2mo
+18 Sales & Trading Internship Preparation 3 1mo
+18 London Salary Master Thread 2026 26 1w
+18 CFOA (Certified Futures and Options Analyst) - Anyone with firsthand experience with this cert, candidate or hiring side? 3 1mo
+18 Breaking into Nat Gas/Commodities Trading — Skill Development & Recruiting Advice? 4 2w

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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...”

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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...”