Sales and Trading - Recent College Grad

Morgan Stanley SwissShort
Jul 15 13 Comments

At the moment, I’m working for MS in the Wealth Management space, but want to make a switch.

Wealth Management isn’t bad at all, but I don’t want to be here long-term. Though this is only month 2, I’m tying to make a transition onto the Sales side of S&T by next July.

I’ve been putting time into curating a story that sells for S&T, while researching interview questions.

I understand how S&T functions within the bank and what I will be expected of me as an analyst. However, I don’t know it all of course!

Currently, I’m looking into MS, BAML, Baird, Wells, and Raymond James (St. Petersburg). I’m curious to know if anyone has insight into the compensation structure and career progression at these banks.

Also, what are the exit opportunities for those on the Sales side of S&T that may want a new scene?

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TOP 13 Comments
  • Akamai Technologies hFvi07
    135k( Goldman) or less 90k baird for first year S&T’s in total cash comp. as you move up ranks you can get to about 250k pretty quickly( about 5 years out of college) but most people do not make MD so you generally hop from bank to bank for an extra 25 to 50k every year or two. All said and done your 32 years old making about 300 k if you are ok, and 400k if you are good, if you end up a star then you made MD and will make your 1 mill
    Jul 15 0
  • Aura SBgg50
    Sales and trading is seeing reductions across the board. I would stop and think about life choices before making the switch
    Jul 15 1
    • Morgan Stanley SwissShort
      OP
      I understand where you’re coming from, especially with Deutsche... Correct me if I’m wrong, but isn’t most of the attrition seen on the equity desks?
      Jul 16
  • Uhhh how many leetcodes have you done?
    Jul 15 3
    • Morgan Stanley SwissShort
      OP
      I haven’t 😳
      Jul 15
    • Morgan Stanley SwissShort
      OP
      Would I need that for Sales though?
      Jul 15
    • Capital One EXwk33
      No you won't need to leetcode for sales
      Jul 16
  • Credit Karma jebezo
    Not a good industry... avoid
    Jul 15 0
  • Barclays PLC GirisÇikis
    Its all about automated hedging and crb books for banks..... . Lots of money still to be made in Vol desks or structured desks . You will need to know more than stupid leetcode😂 Work hard on stats, probability, stochastic calc and linear algebra.
    Jul 15 3
    • Google WVXD02
      Yea dude! Stupid LeetCode is 2 ez for high IQ like u!
      Jul 17
    • Barclays PLC GirisÇikis
      Leetcode is not about iq. Its mostly about practice and conceptually they don't test u much.
      Jul 18
    • Morgan Stanley SwissShort
      OP
      I appreciate that feedback. Thank you
      Jul 18
  • Raymond James Jwpi48
    RIP
    Aug 1 0