+295 Rates Trading is Paradise 28 5mo
+130 S&T 2026 bonus thread 128 1mo
+59 Commodities trader comp progression? 30 1w
+59 Breaking into S&T SA. How are interviewers evaluating “markets interest”? 15 4mo
+52 First DS at small oil trading firm – what ML actually helps physical/paper desks? 23 8mo
+52 Starting S&T Internship — Rules of surviving the desk? 5 10mo
+47 Q&A: US Power Trader (Prop/Spec) 37 4d
+44 VP in PE considering wild swing to commodity trading - where to start? 26 2mo
+43 Breaking into Physical Commodity Trading FT - Graduating Senior w/ Finance Background Struggling to Find a Way In 10 3mo
+43 is trading actually worth it for beginners right now? 8 6d
+43 Energy IB to Commodities Trading 12 8mo
+42 Fundamental / Equity / Macro Research Roles at Quant Trading Shops 34 3mo
+42 Commodities/Energy Trading Internship Rankings 40 6mo
+41 What’s next for 40y with good career 21 1w
+41 Trafigura / Glencore / Vitol / Gunvor / Mercuria Commercial Graduate Programs — Comp, Progression, and Trader Seat Odds 7 1mo
+40 Exits to HFs: Sales vs Trading in S&T? 20 5mo
+40 how to break into Macro trading/Global macro 21 4mo
+38 Is S&T to Macro Hedge fund still a thing? 14 2mo
+38 Path to Commodities as Undergraduate Junior 21 9mo
+38 How to work with an “off” analyst 9 5d
+37 How to know if trading is for you? 26 2w
+36 How to make sure I don't end up at a trash S&T desk? 20 3mo
+35 Commodities physical trading vs S&T at a BB 16 5mo
+35 Sales & Trading at a Bank vs Quant Trading 8 5mo
+34 How hard is it to break into physical commodities trading 5 2mo
+34 S&T SA 2027 302 2d
+34 Q&A - Commodity Grad Program Trader 7 5mo
+33 Q&A | Quant Trading, T1/T2 OMM | First-Year On the Desk 6 3w
+32 How much overtime can I get away with as an S and T intern? 43 5mo
+32 NIGHTMARE Recruitment Process at Nomura Global Markets (15 interviews & Rejected in Final round by HR) 4 7mo
+31 Internship in Africa? 10 8mo
+30 Exit Opportunities For Real Time Power Trader 19 4mo
+30 College student networking via bloomberg? 13 11mo
+28 What's actually the most painful part of creating structured products? 5 2mo
+28 Future Of Power Trading? 8 7mo
+27 LSE Economics or Imperial Economics, Finance and Data Science (EFDS) for S&T 23 1mo
+27 Shipping->Commodities desk 14 5mo
+27 Prospect of the Military as a Means to an End (Advice Welcomed!) 9 7mo
+27 BB S&T London Comp Progression: Can Anyone Confirm These Numbers? 10 7mo
+27 No interviews for S&T 8 9mo
+27 Fixed Income @ Morgan Stanley - S&T vs Research 4 5mo
+26 Need Advice: Second thoughts on S&T @ starting line 9 2d
+26 Fell in love with Asia on holiday, now I want to move my S&T career to HK/Singapore. Thoughts?? 16 1mo
+26 University for 17yo Intl. Student Breaking Into Quant/HF/S&T 15 2mo
+26 is being a fundamental analyst at a trading firm a dead end, and if so, what are my options? 8 8mo
+25 Deleted del del 9 7mo
+25 Summer Internship: Top BB (not GS) Trading desk VS Squarepoint QR 26 7mo
+25 MS vs GS vs JPM FI S&T Exit Opps 35 7mo
+25 s&t internship desk/rotation placement process - what to expect 11 8mo
+24 Physical commodities. Is an ops leadership job 7 - 10 years into my career an acceptable outcome, or am I settling? 3 4mo
+24 Investment Banking intern to S&T 17 6mo
+24 Shipbroking/chartering questions, trying to get in the industry 18 6mo
+24 Best Trading Desks in S&T 14 2mo
+24 Goldman Sachs London FICC & Equities Sales and trading Superday 2026 GS 134 8mo
+23 Q&A: US Power Trader (Prop/HF) 10 1w
+23 Breaking into S&T: Python Projects 6 4mo
+23 Can I recruit for both RX banking and S&T credit/fixed income? 13 3mo
+23 TN Visa → F-1 Visa international targeting IB/S&T/AM — which firms actually sponsor front office roles? 8 1mo
+23 Practicing Python 19 10mo
+22 I finally figured out what I want to do. The problem is getting there. 5 1mo
+22 2026 MM S&T Rankings 10 3w
+22 200+ Networking calls, 0 offers. What am I doing wrong? 7 6mo
+22 IB vs S&T 8 5mo
+21 Going from Fixed Income Trading SA at AM to BB Fixed Income S&T? 8 3mo
+21 Breaking into Nat Gas/Commodities Trading — Skill Development & Recruiting Advice? 6 2mo
+21 Physical vs Financial (paper) Commodity trading 4 4mo
+21 Interviewing Options Traders 5 6mo
+21 RBC Global Markets 7 6mo
+21 Market Opinion on Exxon Global Trading 7 9mo
+20 Institutional Sales - what it is? 2 3w
+20 BB S&T vs Prop Trading Firm (London) 12 4mo
+20 Does bank matter for S&T Exits 17 3mo
+20 School me on S&T 11 6mo
+20 $110k Structured Finance at Rating Agency vs $105k Middle Office Trading at BB (Need Advice) 7 10mo
+19 Leaving S&T after 4 months? Am I making a mistake? 4 1w
+19 How did you prep for a fixed income/macro S&T internship 2 2mo
+19 What happened to the Due Diligence Federation? 6 3mo
+19 RBC S&T exits? 6 6mo
+19 Sales and Trade Schools 15 7mo
+19 Received offer for a Trade Operations Analyst role at a small quant fund 6 8mo
+19 Trade Support = Best Finance Career 12 8mo
+19 Need Advice — Prop Trading, is it career suicide? 5 10mo
+19 S&T or QS 5 10mo
+18 Navigating Barriers to a Trading Role 1 4mo
+18 Setting the Record on Exit Opportunities 6 4mo
+18 CFOA (Certified Futures and Options Analyst) - Anyone with firsthand experience with this cert, candidate or hiring side? 3 4mo
+18 London Salary Master Thread 2026 26 3mo
+18 Sales & Trading Internship Preparation 3 4mo
+18 S&T and IB 11 5mo
+18 Q&A: Building Live Trading Strategies (Quant Finance + ML + LLMs)” 1 6mo
+18 AI in S&T 8 4mo
+18 Goldman Sachs Superday for FICC and Equities | Sales & Trading NYC Office 7 6mo
+18 I can show you how to look at the markets like a proper key risk taker 14 7mo
+18 EM Credit/FX/Rates Trading 5 8mo
+18 QT Internship vs. BB FT 10 9mo
+18 Petroleum Engineer to Natural Gas Trader? 6 10mo
+17 Best FICC S&T Products (Trading) 7 4d
+17 For networking, should I be asking people to hop on a Zoom call, or just ring their phone number? 8 1mo
+17 Natural Gas Analyst Path to Trader 4 2mo
+17 Quickest way to take risk 15 2mo

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (27) $183
  • Intern/Summer Associate (15) $159
  • 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
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
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...”