S&T recruiting at Booth
I recently talked to a former co-worker who just finished his first year at Booth. He said that about 95% of the people who get recruited for S&T end up in sales, NOT trading. He said BB trading jobs are insanely difficult to get.
I was really surprised by this since I assumed that at booth and wharton, which are finance powerhouses, getting a BB trading job is relatively easy, at least compared to any buyside gig.
Why does it always seem like getting "stuck" with sales blows? I could think of a lot worse things.
Just out of curiosity, how necessary is an MBA for sales? Think an MBA is more useful for sales than for trading?
No need for an MBA in sales, in my view. All you're doing is delivering the msg to you your buy side accounts and getting them on the phone w/your analysts.
ah.
I would disagree. My intern class at a BB had quite a few trading offers including for students from Booth and Wharton.
Once you are recruited and hit the floor no one really cares about your school. The desk looks at you and figures out if you are good fit for them or not. It boils down to personality because all students from top b-schools are sharp and have the hard skills.
Having said that MBA does help refine the sales skill more than the trading skills. But that is another thing.
Certainly have a good number of traders that are Booth alumni on the commodities desk where I work.
nice screen name. I worked in that department for a few years... i have seen quite a few people end up in both sales and trading.... lot depends on fit... i know our sales desk has a love for mba's our trading desk loves exp... so its not so much your school but culture of firm
Why would somebody get an MBA over a MFE if they were dead-set on trading (versus sales or anything else) and getting a postgrad degree? UChicago's MFE is relatively better in its respective areas and it is a crapload cheaper and you'll get the same--or better-OCR for trading and better education for that specific direction.
well if you don't have the math background, an MBA is obviously the better choice. and most BB S&T associate classes are filled with MBA grads.
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