Comments (23)

May 23, 2016

"way more less"

May 23, 2016

what?

May 24, 2016

Sales
They sell securities to institutional investors, like hedge funds, mutual funds, insurance companies ect ect

Traders
Make markets in there given security, provide liquidity and execute trades for institutional investors

May 24, 2016

Don't go into equities. They're a dead end and are becoming more commoditized as we write.

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May 24, 2016

Cash equities are automatied and obviously the most basic product you can get! Equity Deriv's on the other hand are very profitable.

But yeah the safe bet is on FI

May 24, 2016

that seems to be the consensus on FI v. equities

Sales vs. Trading???? Thanks in advance

May 24, 2016

if you are interested in equities, look at desks that deal with international stocks. hedge funds and mutual funds are only going to get more involved in foreign markets. international sales people can make quite a bit of money, and its a great lifestyle.

May 24, 2016

Im in a similiar situation as you are train89.
IM curious to hear peoples thoughts on commodities interms of longevity as well sales v. trading

May 24, 2016

Equity derivatives is definitely not a dead end

May 24, 2016

Is equity derivatives trading more profitable than fixed income trading?

May 24, 2016

Is equity derivatives trading more profitable than fixed income trading?

You shouldn't ask this question...depends on your skills...

May 24, 2016

i'm going to take an idea from Marcus Buckingham's book: Go Put Your Strengths to Work. if you are strong in sales and people skills, go with sales. you'll be happier and the money will take care of itself.

May 24, 2016

vdubs1503--What do you want to know about commodities? I am way biased, but I believe that from a "longevity" point of view commodities is one of the top desks. Good split between corporate hedging and working with investors, more growth opportunity than any other desk (both because only a few banks have established desks, and also overall growth in the sector, etc.).

As far as sales vs. trading, it can be desk dependent), but in general, solid quant skills are a necessity across the board these days, even in sales. That said, when I was making this decision a number of people on the floor told me it really comes down to is risk appetite. Do you intentionally seek out risk? Or does the idea of going home at night knowing you could lose millions before getting back into the office the next day worry you? I personally have no problem with risk so I never really focused on this aspect, but a lot of people do talk about it.

Also, do you want to be a generalist or a specialist? The sales people on desks have the most-broad based knowledge and are more macro, whereas the traders and structurers (to a lesser degree) are more specialized. In addition, the sales people usually "own" the deal, esp. for structured products, so you will have much more interaction with the rest of the bank. I work in sales so I'm constantly working with PE, IBD, lev fin, etc. as well as lawyers, accountants, credit risk, etc.

May 24, 2016

Bump

May 24, 2016

Honestly it doesn't matter THAT much. Even if you get assigned Sales rotations (really you should have both sales and trading) you can still explain that you're more interested in trading. You're not really doing anything as an intern either way so the important thing is making a good impression on people whether they're sales or trading.

May 24, 2016

Hey Lampenn, I'm the WSO Monkey Bot...do any of these help:

  • How to Get a Sales and Trading Internship networking and resume drops to the interviews themselves- of getting an S&T internship which will be your ... stepping stone to a FT offer. Getting an S&T Internship To have a shot at landing an S&T ... S&T internships, what comes next? The fact is, ge
  • Is more difficult to brake into sales or into trading? fit me the best now i believe that sales is more appropriate form me but I also would know about the ... I am thinking about a future career in global market and I would know about the chance of getting ... in in salese and in trading. Are the two figure different regarding the aveilable positions and about ...
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  • How much more difficult is Full Time IBD recruiting nowadays? make FT recruiting more difficult? Is this true? Are there any specific banks that like to hire FT ... Currently a FT recruiting hopeful in IBD and I was wondering how much more difficult is full time ... recruiting now? I remember going to a RBC Capital Markets info session and an associate mentioned that this ...
  • I got into an M7 (Wharton) with a pure sales background and now work in MBB. I wanted to share my experience Breaking into tech sales at a top firm is difficult, and most of my sales co workers went to top undergrad ... undergrad, that I had a few promotions along the way, which is difficult to accomplish at a f100 firm with ... people, "sales" is a similarly "low-prestige" profession to<
  • Sales and Trading Salary vs Investment Banking Salary Despite the hit salaries took post-2008, getting an S&T job is hyper-competitive due to the dwindling ... yourself. This is opposed to agency trading, which is simply executing trades; traders at bulge bracket ... Structure To reiterate the different types of trading: prop trading
  • More suggestions...

Calling relevant pros to the rescue! @baileycooper @hyh92323 @Fin123

Fingers crossed that one of those helps you.

May 24, 2016

I have the same question as well.

May 24, 2016
Comment

"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire a quelqu'un." - Samivel

May 24, 2016
Comment

Reality hits you hard, bro...