Sales in S&T - What's the catch? (best job in banking)??
So I interned in sales in London over the summer cycling through various desks at a mid size bank -/ / / .
Hours were good, even for graduates they were around 7 am to 6 pm (5 pm at the earliest) and the few times I ended at 8/9 was because a VP took me to some dinner sales calls.
Overall, MDs weren't at the office that much (mostly meeting clients) but even lower level Associates and Analysts spent a pretty healthy amount of time outside/pitching to clients and meeting them at various restaurants/pubs/conference rooms around the city.
Total comp was literally only ~10%and from my other university friends interning in M&A at the same bank, and the general consensus was that everyone in Sales really loved their jobs and genuinely found it interesting. A few people in IBD did too, but lots seemed bored/depressed/tired and really just chasing B school/PE, etc.
I know it might be a cliche with sales but salesmen did genuinely spend a lot of time eating/drinking at nice places, taking clients out to outdoor concerts, even going to Paris one time, and below VP level, salespeople didn't really seem to do much at these places other than literally making small talk?!?
The job was engaging and interesting, talking to clients on the phone sometimes literally felt like talking to a friend, and sure some sales pitches were tense, but in general, the whole internship seemed quite relaxed, and the amount of work done and the amount of time spent commuting within London to other firms just seemed to give the work a really nice balance between being stuck in the office getting out for fresh air.
I got a return for a FT offer...I'm just wondering have I had an unusually good experience or is Sales just this good? The work is genuinely interesting, varied, and really not too strenuous. I am aware some groups are stagnating/declining a bit, but despite this, the lifestyle just seems really good, and you get to actually talk to people and build relationships for a job
Why don't more people chase it? Jobs like this should not pay £70k comp lol
...Oh and actually being really creative and generating sales ideas/cross sales is so fun. I could go on and on.......