Anyone ever lateral from IB to S&T (Sales side)?
Is S&T really the dead fish people make it ought to be?
Being an A2, would i have the slightest chance to pivot to sales (same level at A2)...and is this even possible/worth it?
Sales: better hours?
IB: worse hours
Curious as well.
On an equity sales desk at top BB. I know of several with former IB backgrounds. Recently an Associate joined, was previously an Asso in IBD. Lots of equity sales desks have event driven/arb components so would aim for those spots as IBD is very useful.
What is comp for associates and VPs in equity sales?
Was he an internal transfer or lateral from other BB?
Only an analyst but can help provide perspective:
dependent on the revenue you bring in - your desk brings in - and the floor brings in. but the great part about sales is that you own the relationship and you can point to a number you have brought in. if you are on a core desk it can be difficult to separate what you have generated vs if a client would have traded with the bank / bought research / signed up to PB etc regardless.
many VPs afaiw bring in north of 10mn revenue to the bank p/a. if you’re a VP on one delta equity sales you might be managing 50mn$ of accounts. i have to imagine you’re getting fucking paid at that point.
How much of revenue do they receive as compensation? And what would you say is total compensation in your latter Equities Delta One example? Thank you.
Anyone see this done to the trading side?
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