Difference between Sales vs. Trading
What skillset would you say is needed more for Sales and what skillset for Trading?
Also, why do those in Sales make way more less than those in Trading?
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"way more less"
what?
Sales They sell securities to institutional investors, like hedge funds, mutual funds, insurance companies ect ect
Traders Make markets in there given security, provide liquidity and execute trades for institutional investors
Have S&T internship at a BB this summer- Sales vs. Trading??? (Originally Posted: 05/17/2007)
Hey Guys- Like most internships, we have several rotations through different desks. We get to choose which desks we go on (or at least request them). I'm going to try a little bit of everything, but can someone tell me: long run financially, what are the differences between sales and trading positions? what kind of skill sets / personalities work better in sales or trading? i am strong quantitatively but my strengths are my sales and people skills. any help is appreciated, this will affect my decisions this summer!
* also---- equities vs. fixed income?
Don't go into equities. They're a dead end and are becoming more commoditized as we write.
Cash equities are automatied and obviously the most basic product you can get! Equity Deriv's on the other hand are very profitable.
But yeah the safe bet is on FI
that seems to be the consensus on FI v. equities
Sales vs. Trading???? Thanks in advance
if you are interested in equities, look at desks that deal with international stocks. hedge funds and mutual funds are only going to get more involved in foreign markets. international sales people can make quite a bit of money, and its a great lifestyle.
Im in a similiar situation as you are train89. IM curious to hear peoples thoughts on commodities interms of longevity as well sales v. trading
Equity derivatives is definitely not a dead end
Is equity derivatives trading more profitable than fixed income trading?
Is equity derivatives trading more profitable than fixed income trading?
You shouldn't ask this question...depends on your skills...
i'm going to take an idea from Marcus Buckingham's book: Go Put Your Strengths to Work. if you are strong in sales and people skills, go with sales. you'll be happier and the money will take care of itself.
vdubs1503--What do you want to know about commodities? I am way biased, but I believe that from a "longevity" point of view commodities is one of the top desks. Good split between corporate hedging and working with investors, more growth opportunity than any other desk (both because only a few banks have established desks, and also overall growth in the sector, etc.).
As far as sales vs. trading, it can be desk dependent), but in general, solid quant skills are a necessity across the board these days, even in sales. That said, when I was making this decision a number of people on the floor told me it really comes down to is risk appetite. Do you intentionally seek out risk? Or does the idea of going home at night knowing you could lose millions before getting back into the office the next day worry you? I personally have no problem with risk so I never really focused on this aspect, but a lot of people do talk about it.
Also, do you want to be a generalist or a specialist? The sales people on desks have the most-broad based knowledge and are more macro, whereas the traders and structurers (to a lesser degree) are more specialized. In addition, the sales people usually "own" the deal, esp. for structured products, so you will have much more interaction with the rest of the bank. I work in sales so I'm constantly working with PE, IBD, lev fin, etc. as well as lawyers, accountants, credit risk, etc.
S&T Internship - How much sales vs trading (Originally Posted: 02/17/2015)
So guys, I have just recently accepted an offer for a S&T position in a BB. During my interview, I was explicit about my interest in trading. However, I realize that rotations are only assigned during the start of the my internship and I am wondering if I should be worried about being assigned in sales?
Bump
Honestly it doesn't matter THAT much. Even if you get assigned Sales rotations (really you should have both sales and trading) you can still explain that you're more interested in trading. You're not really doing anything as an intern either way so the important thing is making a good impression on people whether they're sales or trading.
Sales or Trading - which is more difficult to get an internship in? (Originally Posted: 11/06/2017)
Which is seen as more competitive in the recruitment process, is there much of a difference?
and also do banks tend to hire roughly the same number of Sales people and Traders?
Hey casualgamer, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:
More suggestions...
I hope those threads give you a bit more insight.
Sales vs. trading with HF (Originally Posted: 03/23/2008)
If your looking for a hedge fund job eventualy would it be better to be a saleperson or a trader? How would your function change if you were a salesperson rather than a trader?
I have the same question as well.
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