+293 Rates Trading is Paradise 28 4mo
+130 S&T 2026 bonus thread 128 2w
+124 Energy Trading Q & A 45 6mo
+59 Breaking into S&T SA. How are interviewers evaluating “markets interest”? 16 2mo
+56 Commodities trader comp progression? 29 6d
+52 Starting S&T Internship — Rules of surviving the desk? 5 9mo
+52 First DS at small oil trading firm – what ML actually helps physical/paper desks? 23 7mo
+51 London S&T recruiting 2026 392 10mo
+44 VP in PE considering wild swing to commodity trading - where to start? 26 2w
+43 Energy IB to Commodities Trading 12 6mo
+43 Breaking into Physical Commodity Trading FT - Graduating Senior w/ Finance Background Struggling to Find a Way In 10 2mo
+42 Commodities/Energy Trading Internship Rankings 40 5mo
+42 is trading actually worth it for beginners right now? 7 3mo
+40 how to break into Macro trading/Global macro 21 3mo
+40 Exits to HFs: Sales vs Trading in S&T? 20 4mo
+38 Path to Commodities as Undergraduate Junior 21 7mo
+38 Fundamental / Equity / Macro Research Roles at Quant Trading Shops 35 2mo
+38 Is S&T to Macro Hedge fund still a thing? 14 1mo
+38 Trafigura / Glencore / Vitol / Gunvor / Mercuria Commercial Graduate Programs — Comp, Progression, and Trader Seat Odds 7 9h
+35 Sales & Trading at a Bank vs Quant Trading 8 3mo
+35 Commodities physical trading vs S&T at a BB 16 4mo
+35 How to make sure I don't end up at a trash S&T desk? 20 1mo
+35 How to know if trading is for you? 21 2w
+34 Q&A - Commodity Grad Program Trader 7 3mo
+34 How hard is it to break into physical commodities trading 5 1mo
+33 S&T SA 2027 298 3mo
+32 NIGHTMARE Recruitment Process at Nomura Global Markets (15 interviews & Rejected in Final round by HR) 4 6mo
+32 How much overtime can I get away with as an S and T intern? 43 4mo
+31 Fallbacks? 4 10mo
+31 Internship in Africa? 10 7mo
+30 Best S&T desks for non-STEM/CS background 7 11mo
+30 College student networking via bloomberg? 13 9mo
+30 Exit Opportunities For Real Time Power Trader 19 3mo
+29 Any of you guys gotten a job you’re slightly under qualified for, then your senior leaves? 5 10mo
+27 Fixed Income @ Morgan Stanley - S&T vs Research 4 3mo
+27 No interviews for S&T 8 8mo
+27 BB S&T London Comp Progression: Can Anyone Confirm These Numbers? 10 6mo
+27 Prospect of the Military as a Means to an End (Advice Welcomed!) 9 6mo
+27 Shipping->Commodities desk 14 3mo
+27 What's actually the most painful part of creating structured products? 5 3w
+26 is being a fundamental analyst at a trading firm a dead end, and if so, what are my options? 8 7mo
+26 LSE Economics or Imperial Economics, Finance and Data Science (EFDS) for S&T 23 1w
+26 University for 17yo Intl. Student Breaking Into Quant/HF/S&T 15 3w
+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 11mo
+25 Why Sales & Trading? 13 3mo
+25 s&t internship desk/rotation placement process - what to expect 11 6mo
+25 Future Of Power Trading? 8 6mo
+25 MS vs GS vs JPM FI S&T Exit Opps 35 5mo
+25 Summer Internship: Top BB (not GS) Trading desk VS Squarepoint QR 26 6mo
+25 Deleted del del 9 5mo
+24 Goldman Sachs London FICC & Equities Sales and trading Superday 2026 GS 134 6mo
+24 Best Trading Desks in S&T 14 4w
+24 Shipbroking/chartering questions, trying to get in the industry 18 5mo
+24 Investment Banking intern to S&T 17 5mo
+24 Physical commodities. Is an ops leadership job 7 - 10 years into my career an acceptable outcome, or am I settling? 3 2mo
+24 Fell in love with Asia on holiday, now I want to move my S&T career to HK/Singapore. Thoughts?? 14 5d
+23 Practicing Python 19 9mo
+23 TN Visa → F-1 Visa international targeting IB/S&T/AM — which firms actually sponsor front office roles? 7 3mo
+23 Can I recruit for both RX banking and S&T credit/fixed income? 13 2mo
+23 Breaking into S&T: Python Projects 6 2mo
+22 Del 4 11mo
+22 IB vs S&T 8 3mo
+22 200+ Networking calls, 0 offers. What am I doing wrong? 7 4mo
+21 Power Trading at Alphataraxia/DC Energy 8 6mo
+21 Market Opinion on Exxon Global Trading 7 7mo
+21 RBC Global Markets 7 5mo
+21 Interviewing Options Traders 5 5mo
+21 Physical vs Financial (paper) Commodity trading 4 3mo
+21 Breaking into Nat Gas/Commodities Trading — Skill Development & Recruiting Advice? 6 1mo
+21 Going from Fixed Income Trading SA at AM to BB Fixed Income S&T? 8 2mo
+20 $110k Structured Finance at Rating Agency vs $105k Middle Office Trading at BB (Need Advice) 7 8mo
+20 School me on S&T 11 5mo
+20 Does bank matter for S&T Exits 17 2mo
+20 BB S&T vs Prop Trading Firm (London) 12 3mo
+19 S&T or QS 5 9mo
+19 Need Advice — Prop Trading, is it career suicide? 5 8mo
+19 Trade Support = Best Finance Career 12 7mo
+19 Received offer for a Trade Operations Analyst role at a small quant fund 6 7mo
+19 Sales and Trade Schools 15 6mo
+19 RBC S&T exits? 6 4mo
+19 What happened to the Due Diligence Federation? 6 2mo
+19 How did you prep for a fixed income/macro S&T internship 2 1mo
+19 2026 MM S&T Rankings 5 1d
+18 Petroleum Engineer to Natural Gas Trader? 6 9mo
+18 QT Internship vs. BB FT 10 8mo
+18 EM Credit/FX/Rates Trading 5 7mo
+18 I can show you how to look at the markets like a proper key risk taker 14 6mo
+18 Goldman Sachs Superday for FICC and Equities | Sales & Trading NYC Office 7 5mo
+18 Q&A: Building Live Trading Strategies (Quant Finance + ML + LLMs)” 1 4mo
+18 S&T and IB 11 4mo
+18 Sales & Trading Internship Preparation 3 3mo
+18 London Salary Master Thread 2026 26 2mo
+18 CFOA (Certified Futures and Options Analyst) - Anyone with firsthand experience with this cert, candidate or hiring side? 3 3mo
+18 Setting the Record on Exit Opportunities 6 2mo
+18 Navigating Barriers to a Trading Role 1 2mo
+17 American Looking to Break into Trading in EU via Masters 9 10mo
+17 Moroccan Master's Grad (Finance) Relocating to Italy seeking Advice from EU Finance Professionals 6 10mo
+17 Programmer want to do trading, Feeling Stuck 6 9mo
+17 Currencies & Emerging Markets Trading - What Does the Desk Do? 4 9mo
+17 Sales and Trading VS. IB path? - Target School Freshman asking. 7 8mo

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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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From 10 rejections to 1 dream investment banking internship

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