Being a Trader as opposed to IB

quag_mire
Wed, 26 Aug 2009 13:28:48 +0000

5. Very competitive. There is less hiring need than IBD and tons of qualified/smart people applying.



Why is this the case? How many analysts/interns are hired in S&T each year on an average, and how many for IBD? Someone told me that S&T, as a department, is much larger than IBD and contributes much more to the revenue of most BBs as opposed to IBD, so how come fewer S&T analysts are hired.

Also, the laid of BB traders aren’t competing with college students for first year analyst spots, correct? Isn’t the first year analyst class recruited exclusively from undergraduate schools?