Does my S&T offer fit into my end goal?

Hi guys,

I have an offer in S&T from a BB but I am skeptical in taking it. Here's why:

As I have just graduated, I believe that in this point of time I should be focussing on skills development/opening doors rather than salary, as this will come eventually with the former.

I have an engineering degree and engineering offers too and know I can develop analytical, problem solving skills, soft skills etc but most importantly I will get to manage teams of 10+ within a year at these eng companies - You don't get this sort of exposure at banks

The biggest thing i am concerned about with the S&T route is that it is very niche and probably not useful at all to corporates so therefore is it possible to switch to a corporate management role in the future?. This is quite a concern in an industry with such a high attrition rate and people dissatisfied with their jobs.

After thinking about this a lot, I would want to end up in a senior management position within a corporate in the future, so does it make sense for me to go into S&T? is the switch into a corporate possible after maybe 5-6 years on a S&T desk?

The reason I am in this position is because I did a Chem Eng degree but I have a huge interest in the markets so became a SA and then got the offer. I dont mind the hours (for now, this may change when it comes to having a family etc) and I like the work.

Obviously, you cannot make the decision for me but if you have worked in S&T/made the switch yourself/are in a similar position, your input would be much appreciated.

 
Best Response

First off congrats on the offer! I would say unless you have an absolute passion for trading and the markets then S&T probably isn't for you. It sounds like you are conflicted and are looking to use the role as a stepping stone towards a more senior management position. If you want to manage teams of people and as you said yourself "end up in a senior management position within a corporate in the future" S&T is probably not the best route for that. I would look for a corporate development/rotational type role at a F500 or engineering company as you said where you can work your way up the corporate ladder. Most people that go into S&T do so with the intent of staying in S&T for most of if not their entire career. S&T is not like IB where you do it for 2 years gain some "skills" and then move on. If it's something you thoroughly enjoy doing and you can't see yourself doing anything else go for it. If you are using it as a means to get to a senior management position, however, I think there are probably better routes to take to get there. At the end of the day you have to decide where you are going to be most happy and what you ultimately want.

 

Aspernatur recusandae nobis voluptatibus exercitationem. Nihil dolores aut aut ipsum neque sit expedita. Recusandae atque voluptas dolore doloribus.

Fugiat consequuntur molestiae molestiae enim perspiciatis et. Qui illum dolorum nobis ex. Quos et maxime ut. Facilis ullam quis nesciunt ullam.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
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...”