Asset/Investment Management vs Sales/Trading

My mind has been tossed around the past couple of days about this and found no clear answer. What is the real difference between Asset Management divisions and Sales/Trading Divisions. I want to think Asset Management is there for managing long term investments, but do they also trade? And I also want to think Sales/Trading is trading the firms assets to willing buyers, or buying assets on behalf of the firm from a broker or someone for it's own good or to buy and sell for a client... ergh, I guess the pure difference would be nice.

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BB S&T can always go to investment management but not the other way. Early on you will get paid more and get more experience at BB S&T. I agonized over this decision as well (tossing in IB to the mix) but when I came onto the job market, the market made the decision for me!

It's good to think about now but apply to everything and then worry about decisions once you have offers.

 

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