What could an Institutional Salesperson expect to take home during the hay-day of Institutional Sales vs what they’re typically taking home now? From what I read on different forums it seems as though it’s a line of that’s slowly dying out and a shell of its former self(not my words).
Trending Content
Career Resources
Can't answer on what pay is, but I will say that I do not think it is dying, or will ever die. Why? Because unlike some aspects of trading, which can easily be automated, sales will never be automated, because AI doesn't have the human emotion that is needed when welling to institutions.
Good pay especially relative to hours but it’s tough to keep a job through recessions.
Any idea of ranges? Just trying to gauge if it’s worth the pursuit as a career if it’s heavy on the decline.
Today you can earn 500k plus in senior roles (think 10-15 years). That should be enough for you given that the job can get very cushy compared to banking or trading.
Lol at thinking it’ll pay anywhere near 500k in 10-15 years. They’re the first to get cut
this is what junior MDs make
Sure. There are directors who make 500k in sales with 15 years experience in 2019, but I’m talking about 15 years from now in 2035 i doubt sales will be paid as well. the trend is very very clear. Spreads are much tighter, clients are less active, and generally trades are done in comp much more often and jsut the best price is traded. The number of sales seats is shrinking and every 6 months for the past few years at the bank i was at there were rounds of cuts at the vp/director level, where they’re replaced with analysts. Now I’m on the buy side and i see how useless most sales are, and mostly trade on who has the best price.
So all the talk is pretty accurate. Dying out and a fraction of what it used to be.
Eos corporis omnis facilis eaque. Quae incidunt dolorem magnam. Et qui tempora id repellendus omnis. Voluptatem at voluptates iste aut nostrum. Quibusdam beatae quo doloremque distinctio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...