Exit Opps From S&T BB
Hey monkeys, I am curious about what are the typical exit opps out of Sales and Trading at a BB from the trading side? And sales?
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How were you a trader for a year? Didn't you just post a month ago that you were an incoming S&T analyst.....? Smh.
Honestly, if you stay in capital markets, anything less than trading isn't ideal. Technology, risk, operations, compliance, nothing about it is sexy. For me at least, because I've been there and done and for me, trading in this business is the only thing that provided me joy. I mean, if you get bored from trading, it's mostly likely because you're not consistent or you're just truly can't handle sitting at a desk all day. In that case, move to a different industry. I remember posting awhile back of me going to the Army Special Forces, which I'm still progressing towards and I'm actually signing up in a few weeks but I have to decide whether or not I'm going national guard or active duty. The selection training is the same but the reason why I'm undecided is because I'm actually in transition to leave the bank to join a prop shop in the city and I feel fairly confident my PnL would be averaged $150K-$300K a month and although money isn't so important, I have a son and I need to provide and the Army won't give me that lifestyle that I want but at the EOD, I don't want to say all I ever did was make money and die. So ask yourself this, why do you want to walk away from trading? Is it because A) You suck at it B) You're bored... If you suck, get better at it because once you get better at it, it's actually fun. If you're bored, find a different industry by figuring out what your passion is (something you have to decide and not from other people's decision on this forum) because anything less than trading in finance is dreadful, that is... if you decide to say in capital markets
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Macro seats at HFs from macro trading desks (Rates, FX, Delta One, Commods etc).
Vol seats at HFs from vol trading desks.
Credit seats at AM/HFs from credit trading desks or credit desk analyst seats.
Buyside execution trading seats from trading or salestrading
Sales or IR seats at AM/HF firms from Sales.
Corporate IR seats in corporates/startups from Equity Sales or Corporate Access.
Trading seats in similar products at prop shops from trading
Sales seats in other industries from Sales
Downshifting: e.g. from trading to sales, from S&T to risk, from trading on the floor to trading in treasury etc.
B-school to transition to a more traditional business role or (much harder) networking into a more traditional business role
Entrepreneurship (whether vc-backed, traditional or otherwise)
S&T management
can you explain what S&T management entails?
Overseeing a desk or group of desks on the floor and then eventually regional management then global management of S&T.
If I get into S&T right now do you think it’s still possible to get into HF? Or is the career outlook 5 years from now too bleak to risk it?
Becoming a broker or execution trader on the buy-side. 'Retiring' or posting on linkedin that you're an 'investor'
What about sales though? I am interning in a rotational program this summer at a BB (and I think I will like Sales better than Trading as I do not LOVE how quantitative trading is), but I am scared about exit opps. Is this rational? Is investor relations at a HF or in PE possible? How does this pay?
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