The "Trading" part of S&T has been explained here. What about the "Sales" part?

<p>Mortgage Backed Securities (MBS). Seriously, that is his opinion, I have a completely different one. There are tons of people on the buy side who used to be sell-side traders. If you like dealing with markets, then it is not a big deal. You can always go back to school if you decide you want to change careers.</p>