How many people work in S&T in each BB?

People often tell me it's better to work at JPM Markets or Citi Markets than GS Securities because of the difference in the balance sheet and revenues, but I feel like this figure isn't normalized with respect to how many people work at each bank... If one bank made 10 times the revenues of another but had 100 times as many people, for example, I feel like you have more potential in a career at the bank with fewer people. I know the revenues of each BB and I know the total number of employees (e.g. JPM is 250k+ and Citi is 200k+ where GS is around 36k), but I feel like this is very much distorted by the fact that Chase Bank and Citibank have a much larger consumer banking business than GS. Does anyone know how many S&T people each BB approximately recruit?

Comments (6)

Mar 2, 2019

gonline47, have you checked out these or run a search:

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You're welcome.

Aug 4, 2019

HSBC has (allegedly) the largest trading floor in Europe at their Canary Wharf headquarters: it's split across two floors, with equities on one and FICC on the other. From first hand experience, I'd conservatively estimate that there are approximately 400-450 people across those two floors working as traders, sales-traders, sales people, researchers, quants, and risk managers. Places like Credit Suisse (which has massively reduced its trading capabilities the past few years) will have significantly less: in London, I'd expect the current headcount to sit at 100-150 people or so. When I did my summer internship on the trading floor of a BB in London, year-on-year the firm had regular headcount for 20 or so full-timers (in both sales and trading combined).

    • 1
Aug 5, 2019

these are global firms...and headcount is combined globally...so each BB has thousands in S&T often with the most people in the firms home country (typically, S&T includes, sales, traders, trading focused quants and trading specific research)...but all the major hubs will have a large presence.

just google it...you're welcome

Aug 6, 2019

My bank (not a BB, a tier 2 EU bank) has around 100, though is shrinking

Aug 6, 2019

Back when UBS was in its prime (pre-2008) the stamford CT office had 1000 S&T...plus zurich+ london + etc.

UBS and RBS now share office space in the new RBS building across the street and headcount is lower...but still 500+ for S&T and that's just one building in CT.

just google it...you're welcome