Hello
I've been working as an equities broker (Private W M) for 9 years at a boutique IB.
I have been pretty successful in all aspects of this business and have grown to love sales.
Now that I am looking to make a move, I figured that getting a job as a sales person in S&T would fit my profile. However, I often hear that certain parts of S&T are fading fast, especially in the most liquid of products
Are there any other areas within a BB, Hedge Fund or PE Firm where my sales acumen would be valued higher than other qualifications/abilities? I tend to prefer a high pressure, competitive, environment and although I am proficient in financial modeling, valuation/analysis and excel, it's not what I want to do the majority of my work day, at least the majority of my career
Any ideas or specific roles in mind that could help?
Thanks!!
Business development within a company.
Thanks. Anything more specific? Would the title be Business Development SalesPerson/ Analyst? And would this apply to HF's,BB's and PE firms?
Yes. Either Business development specialist or associate. You can find them at fund administrators, broker dealers, RIAs, other private wealth firms, etc.
why do you want to leave PWM? if you're 9 years in, you're approaching what could be your highest earning years, and it's much more stable than S&T in my opinion.
I second that. S&T is practically dead for the most part.
Sales side of S&T isn't really sales in the way you are thinking of it. There are some people who are very good at sales there, but generally you are not actually pitching anything. You negotiate for 2 ticks on a trade, but rarely do you call a client, pitch him an idea, and he does the trade. I saw that maybe a handful of times over my 2yrs on the sales side of S&T. It is much more of a 'relationship management' role. That being said, you may still very much enjoy it. S&T compensation is declining and desks are shrinking, but you can still make a boatload of money - it sounds like something you should do more digging on before writing it off.
Lol at this. I know a veteran who spent years in it. He's seen it shift over the years from high profit to medium profit to low profit. I have seen it firsthand myself at a boutique. Declining spreads and technology coupled with the buyside waiting on the Fed to do what it probably will never do is why its not viable. Trading volumes are way down.
Tempora laudantium asperiores molestiae nobis iusto qui. Nam dolorem blanditiis non et. Doloremque quae voluptatibus quisquam. Aut ducimus sit ipsum quis quis reiciendis. Dolorem alias architecto voluptas nisi perferendis odio nam. Voluptates voluptatem quod at eligendi et aut.
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...
Nam cumque itaque non officia. Non nesciunt molestias facilis laboriosam vel eos. Ipsum eum est ut exercitationem. Consectetur quo veritatis ratione sint maiores perferendis omnis. Omnis cupiditate distinctio est eaque debitis. Praesentium fuga et cupiditate veritatis.
Iusto atque sit perferendis esse quasi omnis. Expedita sunt architecto sit sapiente ipsum non nisi. Quia repellendus iste ut ad. Autem distinctio quia fugit rerum est. Et ad et dolorum quasi.