sales and trading

didn't see many posts about prime brokerage trading. Is it less hot than other asset classes? Pay/bonus/reputation/work life balance also worse ? Anyone has insight to share ? Role Overview The role exists within the Prime finance trading team which is responsible for managing and optimizing...

30 Jun 2022

Background - Attended a top non-ivy undergrad with a degree in mathematics and economics. Prior to leaving for a multi-strat hedge fund (think Bluecrest, Millennium, Balasny, etc.), I was a macro derivatives trader on the sellside. The vast majority of my daily work was focused on idea generation,...

06 May 2021

I'm thinking about breaking into finance but first discovering what role/s would suit me best. I recently had to leave my job working the night shift as the stress was unbearable and my health was suffering from it. I had and still have hopes of one day giving a financial role a shot, but the more I...

04 Jul 2022

I stopped using reddit a few months ago because I could no longer put up with the amount of political trash (both liberal and conservative) that was percolating into the few subs that I still looked at. Well, I was bored today and thought, "fuck it", I'll go see what's good on Reddit. Holy shit,...

09 Dec 2020

Hi all, As the title says, I am a new MBA associate who got hired 2 months ago at a banks S&T department and feeling extremely anxious and overwhelmed by my situation. Its not the hours or the work per se. What's happening is that I havent had any type of guidance or training, don't know anybody or...

01 Jun 2022

Good evening, Long time passive WSO lurker here that has decided to finally register and engage on the forums. I finished my postgraduate degree towards the end of last year and after several applications and interviews I managed to land a job as a junior trader at a power utility company. I have...

11 Jan 2022

I know a lot of banks have been raising salaries the past few months. Curious which banks markets/S&T got a pay bump in addition to IB. Additionally wonder if anyone has heard anything about banks that have yet to do anything

29 Jul 2021

Is it trading? Pay/bonus compared to other trading desks/roles (e.g. Rates Desk)? Job Description Global Markets Division, Equity Financing, Associate, London Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and...

11 Aug 2022

Hello. I am new to the WSO blogger community; this is my first post. I went to a semi-target and interviewed during the crisis, when company presentations & on-campus workshops pretty much dried up. WSO was a crucial source for me when I started finance recruiting in late 2007, and definitely gave...

17 Sep 2020

Is it possible for someone coming from a UK semi/target (think Warwick/UCL/Durham) to start in Asia? A few questions, any answers would be very appreciated: 1. Does language matter? Assuming i'm an english only speaker, is it still true that english only is fine for s&t in Hong Kong, Singapore,...

10 Feb 2022

Hello everyone. I hope you're well. What are the exit opportunities for FX Sales people who wish to start their own business? I'm a recent graduate from a top university who ranked among the top in class, and who just joined a tier 1 (BB) investment bank in London. I interned there in trading...

18 Jul 2022

I am looking for advice on my current situation... its a sad story until now but im trying to give it a good ending. I am 28 years old, my dads a software engineer so I had no connections to ws. Out of High School I went to USC, partied like a Rockstar, picked up a decent drug habit, and failed out...

25 Jan 2021

Is it FO? What about the pay? Title: Prime trader Job Description: The individual will be part of the EMEA Optimisation group whose mandate is to increase revenues and balances across the Prime Finance and DeltaOne businesses by optimising the client book, pricing portfolios and driving client...

28 May 2022

Starting as an S&T Analyst this summer and while I'm very excited to start this new chapter in my life, I am not at all looking forward to the early mornings and having to go into work every day (love WFH). I'm a little bit of a night owl so I typically fall asleep around 12:30am / 1am then wake up...

01 Apr 2021

I feel Like I'm failing in my career. I studied finance in Mexico and always where a high achiver, got the grades, scolarships, top of my class, awards, debate team, etc. Always tought if a put in the work and studied hard could get what I wanted. I worked in Operations as an MO for both Sales &...

20 Dec 2021

Curious to hear where you guys went after your experience on the trading floor. This would be incredibly helpful for us younger folks in the industry! Undergrad Major: Years on Trading Floor: S&T Desk Role & Position: Where you are now: Salary/Comp: Any Advice?:

27 Nov 2020

Didn't see an existing thread for Canadian opportunities, specifically for the Big 5/BB regional offices for S&T. Personally know that most banks are in the process/finishing fall interviews and was wondering if anyone had info for other banks first rounds or SD for 2023 SA.

13 Jun 2022

Would love to have a discussion about the current state and the future of a sales-man. Please add your two cents and personal experiences. - For argument sake, assume you are or would be FICC sales or exotics on a good desk making good revenue. - What are the current actual bonus's looking like in...

11 May 2021

Hi guys, This site has been really helpful to me during recruiting and throughout my time in college so I wanted to give back and do an AMA to offer advice to current students who are going through/about to start recruiting. I'm an incoming first-year Analyst in Sales & Trading and graduating from...

31 Mar 2022

I am currently working as a junior developer in a back office in a big investment bank. While I enjoy programming, I also want to break into the front office and get closer to investment or quant related areas. Which one below is a better choice in terms of career path, salary, work life balance and...

30 May 2022

Hello everyone, I wanted to get someone's input if possible, I wasn't able to find a thread on the topic so I thought I would create one. How manageable are summer classes with a SA position? Last summer I was a SA on the trading floor virtually (thankfully I got the offer to go back this summer) so...

01 Apr 2021

I am an incoming JP Morgan Trading SA in the Markets division (JPM's S&T). I'm new to the industry and wanted to know how the desk placement process works, what desks to try and be placed on (most lucrative, fun, etc.), and what I could expect for total takehome pay (base is currently $100,000). If...

11 Nov 2021

Hello everyone, My name is David, I'm 20 years old and from the Netherlands. I've always wanted to make a career in trading, I've been studying it from a young age (mainly TA even though I am becoming more aware that TA isn't actually used as much professionally). I'm in my second year of my...

24 Aug 2020

Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines...

03 Jan 2017

I'm interning in S&T (Sales track) at JP Morgan this summer and it's not a rotational program. This month, we essentially network with members of the 20+ desks to find a good fit before being officially assigned to a desk in March. I was wondering what the best desks are in Sales/Trading, both in...

07 Feb 2022

Hey monkeys. This is my first post on here, would like to get some genuine advice, maybe from older people in the industry. I'm doing my junior summer in S&T at a GS/MS/JPM. I like the people at the firm, I like the S&T lifestyle, and I know I find the content of the job interesting. However, I'm...

30 Apr 2021

It seems like I am spending hours every week on these GD compliance and regulatory trainings. They are getting worse every year too. I just completed a training module and it took literally 3 hours because the slides were timed and unskippable. I understand the financial services industry is under...

23 Nov 2020

Hi everyone, I'm choosing between the two summer analyst offers(both based in London). Would really appreciate any help/suggestions. I believe for the GS offer, I'm supposed to rotate 9 desks over the summer(based on networking with people from different desks), and I heard that the return rate for...

06 Dec 2021

I am currently in a tough situation, and I am sure many of you guys went through it so I hope to get some advice and hear opinions. I've been in my fx sales role for about 6 months, and during this time I constantly felt stressed out and even got fear of the job itself, was told I am slow (speed is...

20 Mar 2021

Hey guys, I previously transferred into UPenn's College of Arts and Sciences from another uni and I hope to work on Wall Street and (most likely) in Sales & Trading in the future. This means Wharton's out of the picture but I can still take a few courses there. What is the best major within the...

10 Jun 2021

I joined trading at a BB half a year ago after graduating. I interned at this place in my junior summer and everything felt fine, but I have had a terrible full-time experience so far. I'm mainly doing some small quotes, but whenever something popped up (a trade, a message from a co-worker, an...

15 Oct 2020

Hey guys- any recommendations on the best desks for building a good skillset in valuation, modelling, credit analysis (or really, any of the skills that IBD/ER folks use)? I'll be interning at a BB in S&T but would love to cast my scope as wide as possible. Obviously I'm still really interested in...

21 Sep 2020

For many, institutional sales offers the best of all worlds: great pay, fewer hours than in corporate finance or research, less stress than in trading, and a nice blend of travel and office work. Like traders, the hours typically follow the market, with a few tacked on at the end of the day after...

13 Mar 2018

Have internship offers for both GS Global Market (S&T) & Google Associate Product Marketing Management (APMM). For further context, I did the Global Markets internship last summer and liked certain aspects of it (pervasive markets knowledge, some technical financial knowledge, and securities...

09 Jan 2021

i needed some advice on my situation. I go to a non target currently a junior and have (3.0-3.4 gpa). I had countless interviews for solid IB firms which was acquired through networking (SA 2021), however i got rejected by them all. I recently accepted a S&T position for SA 2021 (because i had no...

27 Dec 2020

Hi, I could really use some career advice. I'm graduating in Spring 2022 and luckily I've received a couple of really solid offers. Both are in S&T on the sales side. One is with PNC Bank on the rates desk and the other is with JPM in SPG (NYC). The pros to working with PNC are better work-life...

29 Nov 2021

I am a beginner to finance looking into various summer internships. I have an interest in stock market investing in particular. I would say the priority for my internship (as it would be for most) is to learn as much as possible whilst also hopefully getting a prestigous name on my resumé to make...

19 Jan 2022

Hey, I am currently a senior analyst working in Risk at a BB outside the US (London, Hong Kong, Tokyo). Within a month, I will be internally moving to a team that sits between S&T and IBD working on Structured Finance, Mortgages etc. I have been very interested in Real Estate and this is a role that...

16 Jan 2022

Which career path is better, quant in investment banks or portfolio manager at asset management firms?

30 May 2022

Decided to delete because the details of the story are making it risky for me and I don't want to be spotted

14 May 2022

Greetings! I am an incoming second year student planning to apply to a UC transfer, in economics. For everyone who is not familiar with this program, in California, you can take all the GC classes in undergrad, save money and can apply to a UC. If you have a good GPA in those transfer classes you...

11 Aug 2021

Hi monkeys, I just started as a first-year analyst in a BB in trading. Soon after I started, I found out that I don't quite enjoy the job - the pace is so fast, I don't find a lot of meanings in guessing where the market is, and the sense of uncertainty of my work day is eating me. However, I enjoy...

06 Oct 2020

Am wrapping up my S&T SA stint at a BB in the next few weeks and have been working closely with the options/volatility trading desks across the floors. Equity options, FXO, and rates options. I want to be a vol trader, the question is whether I want to be equity vol, FX vol, or rates, and I need to...

30 Jul 2021

HI All I'm an Associate in S&T on the sales side. I've had a good experience so far but changes have taken place at work which puts me at a disadvantage (reporting to not so friendly higher up). My resume looks a little hoppy given I've moved around almost every 2years, 3 times now and I want to...

16 Sep 2018

I've secured an S&T role at a BB in NYC, but when I was applying last year, I was flirting with the prospect of living in London - I grew up there and it's my favorite city in the world. I was able to get this position in NYC by heavily using my alumni network (The University of Chicago), and ended...

09 Feb 2019

Hi everyone! I'm applying to summer internships next year and thought it might be useful for me and others to find out which divisions are the most difficult to get into. What do you think? The divisions (randomised) are... - Risk Management - Asset Management - Compliance - Private Banking/Wealth...

13 Mar 2021

Currently I work in a quantitative capacity at a buy side shop focusing on building credit risk solutions covering all credit products (I know, I'm being very vague, but the work I do can vary quite a lot). Over the past few years I've realized that my preference is in securitized/structured...

28 May 2021

What kind of trading is it and is it FO? What's the pay/bonus/exit opp, etc? https://www.efinancialcareers.co.uk/jobs-UK-Londo… RMG Equities TradingThis role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the...

05 Feb 2022

Incoming fixed income full-time S&T analyst with limited direct S&T experience, what should I be reading/learning in preparation? I follow the markets, have a solid business background including two internships in IB. For the full-time role, should I be reviewing statistics or calculus? Teaching...

04 Feb 2021

What kind of trading is it and is it FO? What's the pay/bonus/exit opp, etc? https://www.efinancialcareers.co.uk/jobs-UK-Londo… RMG Equities TradingThis role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the...

23 Jan 2022