Desk Strat Salaries and Career Progression

Hey all,

CS major and managed to land an internship as a fixed income strat at Morgan Stanley. Tried searching online but had trouble finding any solid sources (levels.fyi only has salaries for developers and Glassdoor doesn't have many salary postings for my role). So decided to see if I could get some information here-- does anyone have any insight on the career and salary progression of strats? What roles/senior roles do people take on after this role? What are the salaries of those roles? Leveling/timeline of people in my position?


I have a pretty solid software/coding background but this is my first role to do anything with finance. Are the salaries in this role on par with quants at hedge funds and hfts (I expect not)? If not, will this role help me break into those roles? I'm really new to the world of quant/finance so forgive me for any noobiness, any insight is greatly appreciated. Also let me know if this should be under another forum or something.

 

Ut et voluptatem minima omnis. Ipsam dolorem consectetur debitis id ratione. Consequatur atque sit sunt asperiores. Quia officia numquam minima repellat esse dolor perferendis. Voluptas doloremque et earum laudantium atque.

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

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

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