Which rotations to pick?


I have a S&T summer internship coming up and was wondering which 2/3 desks are the best/most easy to convert? Thanks

The options are:

MQA Commodities (London)

Commodities Managed Clients

Delta One Trading

Equity Flow Quants 

Equity Sales

Cash Equities - Electronic Execution 

FDC Product Team 

Equity Finance Trading

High Touch Sales Trading

Strategic Equity Solutions

Equity Derivatives Trading - Single Stocks 

Cash Equities - DM Trading

MQA Equities Prime and Delta One

MAG - Complex Structuring

FDC Futures Electronic Trading

Exotics Thematic Index

CIS Structuring - Client Solutions

Prime Intelligence

EMEA Digital FX Sales

FX Quantitative Development

Corporate FX Sales

FX Algo and Fixing Execution 

UK Investor Sales

Commercial Real Estate Finance

IG Credit Trading


Asset Backed Securitization & Financing 

Structured Credit Sales

High Yield credit trading

Leveraged Loan Trading

EMEA CLO Primary

EM Credit Sales

GSP EMEA Algorithmic Market Making

Credit Financing

Flow Credit Quantitative Analysis

MQA Strategic Equity Solutions

Benchmark Administration Team

Equity Derivatives Quants (Exotics)

Spread Products Fintech team

MQA Strategic Equity Solutions

MQA Flow and Structured Credit


Fixed Income Financing Sales & Trading

EM Local Market Rates

FX RMS and Structuring

Eur and Scandi swaps

Hotels & Leisure

Equity Research - Transport 

Equity Resarch - Telecommunications

Equity research - Utilities

Global Macro Strategy Research

EM FX Research

CEEMEA Rates & FX Strategy

Equity Research - Metals & Mining, Building Materials


Choosing the right rotations during your S&T summer internship can significantly impact your chances of converting it into a full-time offer. Here are some considerations and recommendations based on the options you've listed:

  1. Delta One Trading: This desk is known for its dynamic environment and involves trading derivatives that track an underlying asset. It's a great choice if you're interested in a fast-paced setting that requires quick decision-making and offers a deep dive into complex financial instruments.

  2. Equity Derivatives Trading - Single Stocks: This rotation offers exposure to a specialized area of the market, focusing on derivatives based on single stocks. It's beneficial for understanding risk management and pricing in equity derivatives, which are critical skills on the trading floor.

  3. FX Algo and Fixing Execution: With the increasing importance of technology in trading, this rotation could provide valuable insights into the technical side of forex trading. It's particularly useful if you're interested in algorithmic trading and how it's applied in the fast-paced FX market.

  4. High Yield Credit Trading: This desk deals with bonds issued by companies with lower credit ratings, which involves a different set of strategies and risk assessments compared to high-grade credit trading. It's a good choice if you're interested in credit markets and the factors that influence bond pricing and trading.

  5. Equity Finance Trading: This rotation involves strategies like securities lending and repo transactions. It's a niche but crucial part of the equity market that can provide a unique perspective on how different market participants manage liquidity and funding.

Each of these rotations offers a unique set of skills and exposure to different parts of the trading floor. When choosing, consider your career interests, the skills you want to develop, and the type of trading environment you thrive in. Additionally, during your rotations, make sure to network extensively, show initiative, and demonstrate your ability to learn quickly and contribute to the team. These factors are often just as important as the specific desk you choose in securing a full-time offer.

Sources: Converting an S&T Internship, How were S&T intern return rates at GS/MS/JPM?, S&T Summer Analyst Lateral to IB FT?, S&T interns: 3 things that got me hired

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Wrong question to ask mate.. What are your strengths? (Quant/Engineering/Stem major >> can code/can't code >> good at math >> not awkward, etc) Do you like macro or micro? Filter it down from there


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