Does the firm matter for S&T?

I know the firm's reputation matters a lot for IBD, but how much for S&T positions? I heard it's a lot more about the desk your on rather than the firm you work for. I have a SA offer with a smaller firm on the street, but I would likely be placed on a desk which is ranked #1-#2 on the street. Other offer is with one of the top firms, but it would be in equity research instead.

Any thoughts?

 

Equity research is sort of a whole other ball game. If you want to work at a hedge or a fund manager, then ER. If you want to trade for a hedge (which obviously can pay quite well), than take the S&T placement.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 
Best Response
Sandhurst:
Equity research is sort of a whole other ball game. If you want to work at a hedge or a fund manager, then ER. If you want to trade for a hedge (which obviously can pay quite well), than take the S&T placement.

but realize that trading at a BB is ENTIRELY different than trading at a HF. you're basically an execution trader, which IMO kinda sucks

 
leveRAGE.:
but realize that trading at a BB is ENTIRELY different than trading at a HF. you're basically an execution trader, which IMO kinda sucks
Absolutely. This can't be underscored enough. This is why a lot of guys who know they want to do hedge down the road choose IBD out of school, because if you move from S&T at a bank to trading for a fund, you take only an execution role if it's a fundamental shop.
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