I am a 21-year-old Junior at a non-Ivy target. I am very thankful and fortunate to have been recruited into a BB for the 2020 Summer in S&T. I had put my recruiting efforts into trading, as this is something that fits my personality, interests... I really care about this and am seeking advice from trading professionals to help me start out on the right foot in the new decade...
1) Asset Class Placement: Automation in trading is killing headcount, and will do so at an accelerated pace. So how would somebody young like myself avoid this? Does it mean that I should find a niche trading asset class, immune to automation (at least for 10-15 years), such as ABS trading, illiquid options, high yield bonds, level 2/3 derivatives? If so, which specific subcategories are interesting and growing as a business.
2) Trader Role Placement: Given the product type, which trading roles at a BB are best to work in, for the 20's decade, onward? (i.e. flow trader, agency...)?
3) Autonomy: Which combinations of asset class and trader roles are least restricted by prop trading regulations? Looking for more autonomy...
4) Growth: Which combinations of asset class and trader roles are becoming more prevalent/increasingly important in the financial markets these days? There is always a growing business and looking to start off in a growing market.
5) Exit Opportunites: Which combinations of asset class and trader roles are most transferrable outside of a BB?
Note: I know it sounds a bit ridiculous for a college junior to be so specific this early on. It should be more about exploring options and opportunities. However, I don't want to be naive and start off doing Equities in Dallas and get automated out. I want to be prudent with whom I focus on developing connections with, desks I rotate, and long term focus to have a successful career. How to succeed as a Summer Analyst is a whole different conversation which I am also focusing on, but this post is about industry placement.
All advice from S&T professionals is most appreciated.