Fixed income. Better to go sales or trading route?
I am very interested in pursuing fixed income but don’t really know where to go with it. Currently a Sophomore, trying to figure it out and any help would be great.
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Hello NonTargetTarget,
Explain fixed income to me like I’m a 5 year old. Then, explain it to me like I’m your 97 year old grandmother.
Then, tell me you want to do fixed income! You are only a sophomore and should keep your palette wide open. You are a bright young mind and deserve better.
Best regards, Fixed Income Associate
Appreciate your viewpoint. What would you suggest getting into with regards to S&T? Or would you completely stay clear of S&T? Thanks.
c
There's no "better" one between Sales and Trading. They are very different and can both be good careers.
You should first understand which one you would enjoy more (in general), without bothering about it being fixed income or not.
Contrary to what you read on this website, Sales and Trading can be a very rewarding career. If you start out as an S&T analyst on a FI desk, you will learn a ton about how these product work and how they are priced. You will also do fundamental research to generate trade ideas and better understand single credits. A truly believe that FI trading or research, especially in the HY or distressed space, can be a great foundation for a career that is debt focused. It will give you plenty of opportunities to switch to investing roles on the buyside, advisory roles, or just to stick with sellside market making if thats your thing. Don't listen to the college freshman on here who have no idea what S&T even is harping on about how the industry is dead. There is not a better place to start than a FI desk if you are interest in credit. Banking has DCM, LevFin, and RX which which are all unique in their own right, but if you want broad exposure to a variety of industries and companies, i'd personally just go to a trading desk - especially if you want to end up at a credit fund or the like.
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