+11 Breaking back into commodities after a detour through PE - does this help? 3 7mo
+11 Is S&T getting more competitive than IB this year? 1 8mo
+11 TD Securities S&T SA27 21 7mo
+11 Best Fixed Income Desk 10 8mo
+11 what technicals should i be prepping for a s&t superday? 9 9mo
+11 Insights on an Experienced Trader role at Flow Traders? 6 9mo
+11 Where to live and how to find housing for a Midtown NYC summer internship? 3 10mo
+11 GPA at Master's Level for Recruiting 5 10mo
+10 Is GS VP in S&T a “high level, senior” role? 10 3d
+10 Compute as an asset class 5 1mo
+10 How are traders on credit desks using AI for CDS work today? Curious for inspo for myself as a junior in the field. 2 1mo
+10 Sophomore at a target school interested in S&T / commodities — how should I approach recruiting? 2 1mo
+10 Trading Forum Idea 6 1mo
+10 Took a counter-offer and now considering resigning again 1 2mo
+10 Is 0->Offer in 6 months delusional post-grad 4 3mo
+10 Teach me about fin/econ careers that are not the usual IB or S&T 14 3mo
+10 Bid-Ask Spread and Volume Questions on Nvidia 2 3mo
+10 D 2 3mo
+10 Targeted Investment Banking and ended up in Sales & Trad. at a BB, where do I go from here? 2 5mo
+10 How critical are inital years to break into quant trading 2 5mo
+10 Rates Vol vs Macro Credit Trading exits 9 2mo
+10 What degree is the best for Physical Commodity trading 6 5mo
+10 IB to Commodities trading 4 6mo
+10 Have I messed up by choosing to do History Politics and Economics at UCL? 3 8mo
+10 Morgan Stanley S&T Summer Conversion Rates London 10 9mo
+10 Sales desks at banks- Most fast paced and markets facing 8 9mo
+10 Commodities - Not sure what to do after internship 2 10mo
+10 Best Degree for trading 15 3mo
+10 Toxic team culture on Desk 1 12mo
+10 Is it easier for a non target school to break into S&T than IB 10 11mo
+10 Thoughts on S&T (Specifically Sales) 4 12mo
+9 Moving from Electronic Trading Coverage to a Risk-Taking Seat? 1 2w
+9 Is this normal for Capital Markets Operations, or did I land on a bad team? 1 3w
+9 EM FX Trading Question - What does the desk do + Interview Advice 1 3w
+9 Is it worth doing a CFA if working in a fund? 1 1mo
+9 S&T Exit Opportunities? 1 1mo
+9 Jane Street S&T Interview 1 1mo
+9 I built a free quant interview trainer (Optiver/Citadel style games) - looking for honest feedback 2 1mo
+9 How realistic is a move from structured finance/lending into trading? 1 2mo
+9 Built a market intelligence platform as a Year 13 student, looking for feedback 1 2mo
+9 Desk choice advice: client-facing electronic execution vs technical rates/quant rotation 1 2mo
+9 Rates/FX Desk Technical Prep: I know the Core Products (Swaps, Futures, Repos, Swaptions), what's next? 1 2mo
+9 Prime Brokerage Client Services to more FO trading/banking seat 1 2mo
+9 Re-recruiting for S&T / Markets 1 2mo
+9 Book Recommendations? 2 2mo
+9 Asking for higher drawdown / VAR asks 2 3mo
+9 looking for advice 1 4mo
+9 CRE to S&T lateral opportunities 5 4mo
+9 Sales OTC Desk internship 2 4mo
+9 Fake (or misleading) trader career pathways at commodity shops? 2 4mo
+9 Intern conversion rate for Barclays S&T 9 4mo
+9 FX Strategy 1 5mo
+9 The Ohio State Finance vs Indiana Pre-Business (Kelley) vs Penn State Econ — Best Path to High Finance / S&T? 3 5mo
+9 ESSEC MiM vs ESCP MiM — Fixed Income Sales / Risk-Sales Trading 1 6mo
+9 Incoming PM intern at a commodities company. How do I learn the trading side? 1 6mo
+9 Breaking into Macro Trading from Non-Target 1 6mo
+9 Highest ROI move for Markets: Big 4 consulting or still do MSc? 1 6mo
+9 Writing a Substack 1 6mo
+9 Seeking advice: BB Trading to LBS MFA: Am I Closing the Door on S&T? 1 6mo
+9 CH - Cargill First Interview 1 6mo
+9 Advice on switching from an insurance trading desk to the sell side 1 7mo
+9 Finance major + CS minor 9 7mo
+9 Barclays SA or GS Off-Cycle ? 3 7mo
+9 Job opportunities outside of S&T 1 7mo
+9 Trade Execution Career Progression 1 7mo
+9 bp TDP Grad Interview – What to Expect? 2 7mo
+9 Equity Derivatives Sales Coding 4 1mo
+9 T10 CS & Quant Background -> Physical Trading: Seeking internship advice to build a profile for grad programs 1 8mo
+9 Pivoting to Trading from an ESG role? 1 8mo
+9 Market Outlook and Strategy Discussion — Volatility, Risk Management & Tools 1 8mo
+9 Will starting at a small systematic trading firm with some public bond financing issues hurt my chances of moving to a prop shop later? 2 8mo
+9 Which Offer to Take? 3 8mo
+9 Energy M&A/Trading House/Stay at Current Shop 1 8mo
+9 Q&A + Introduction 1 9mo
+9 Summer Internship: Top BB (not GS) Trading desk VS Squarepoint QR 2 9mo
+9 Freight broker to commodity trading 3 8mo
+9 Off Cycles. Am I Fucked? 1 9mo
+9 FX/rates structuring 2 9mo
+9 Junior Gas Trader 1 9mo
+9 Path to S&T (S) from placement agency? 3 10mo
+9 Totalenergies Trading Graduate Program 1 10mo
+9 Global Markets Grad at Santander CIB vs Equity Research at RBC 1 10mo
+9 Fixed Income Trading Conversion Odds? 2 10mo
+9 Joined a Front-Office Role (Trade Assistant) at 18 years old with no degree. Should I pursue a degree or jumpstart CFA? 1 10mo
+9 Mm offer 3 10mo
+9 From LNG Scheduler to Trader: What Should I Prioritize at This Stage? 1 10mo
+9 CDS Pricing in practice 4 10mo
+9 Conversion Rate S&T SA Intern Barclays London 1 10mo
+9 Recent Grad Looking For Equity Trader Position 1 11mo
+9 Distressed/HY credit trading desk analyst interview 2 10mo
+9 Interview with group head after Superday 4 11mo
+9 Deleted 1 11mo
+9 Market making of ELN as a career 1 11mo
+9 Exit opps for S&T syndicate loans? 1 11mo
+9 Lateral banks worth it? 1 12mo
+9 Need Advice — Prop Trading Offer vs. Final Round for BB Structuring 1 12mo
+9 Last second switch from IB recruiting to S&T? 1 12mo
+9 Breaking into Trading from IB 4 11mo
+8 Energy Trading: HFs vs Merchants vs Trading Houses 4 2w
+8 Citi s&t ft thread 7 1mo

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...”

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From 10 rejections to 1 dream investment banking internship

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