18 Comments
 

how do the firms stack up for S&T, couldn't find a good list anywhere. I have heard there is a signficant drop off after GS/MS, is this true, and how would the rest of the bulges compare? Thinking about doing something with energy, either equities or commodities.

 
Junior I have heard there is a signficant drop off after GS/MS

this is nonsense. It's highly desk-specific. Some firms are great in some things but terrible in others.

 
corgi95 UBS is terrible in everything

under what basis do you make that statement. they are one of the biggest fx houses in the world, have a pretty kick ass derivatives program. and i forgot to mention, they are a very rich bank (ie, they pay). never ceases to amaze the idiocy of certain remarks..

 
Mr.Hyde
corgi95 UBS is terrible in everything

under what basis do you make that statement. they are one of the biggest fx houses in the world, have a pretty kick ass derivatives program. and i forgot to mention, they are a very rich bank (ie, they pay). never ceases to amaze the idiocy of certain remarks..

Yeah that's a pretty clueless statement. UBS is strong in both FI and Equity trading. They actually have the largest trading floor in the US..it's gigantic.

 

This is just hearsay...but Ive heard that first year analysts at JPM energy group received 120k bonus. Some were even promoted to associate after 1st year. Heard from a contact at the bank.

I definitely disagree with the person saying to stay away from JPM FI.

 
Best Response

It is highly desk specific. Overally though, the top three FI firms are Goldman, Lehman, and Deutsche Bank. Morgan Stanley is top 2 (if not the best on the street) in commodities, Goldman being the other great commodities trading firm.

Trading isn't the same as banking...MS is better at banking.

The one firm you really can't go wrong with regardless of what product you want to trade is Goldman..they are tops in virtually every area of FICC and Equities.

A lot of MS energy traders left for JPM a few years ago, that's why JPM energy trading is so hot right now. I've heard that associates make over half a million their first year and that analysts in that group make more than any other trading analysts. But I haven't heard this from anyone that actually works there, so it could be exaggerated.

 

Sorry, kind of newbie, but when you say energy trading are you referring to energy commodities, to energy stocks, or both?

I have interviews with MS, Lehman, Citi, JPM for S&T and trying to figure out if I want to try for equities or commodites if I am interested in energy. Have a good math background but I'm no quant genius.

 
JuniorSorry, kind of newbie, but when you say energy trading are you referring to energy commodities, to energy stocks, or both?

I have interviews with MS, Lehman, Citi, JPM for S&T and trying to figure out if I want to try for equities or commodites if I am interested in energy. Have a good math background but I'm no quant genius.

I'm referring to commodities. When people talk about trading "energy" they're almost always talking about trading commodities. Commodities trading is more quantitative than equities trading, but less quantitative than some of the more structured areas of fixed income (securitized products or structured credit, for example). Equities is kind of dead..I would stay away from it and go for fixed income or commodities (commodities is usually included under the fixed income umbrella at most banks).

 

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