Summer 2025 SA Role - BB S&T or MM IB

Recently got an IB SA offer from a pretty good MM. I also got a BB offer for Trading and now I don't know what to do. I had been considering/applying to both, I think that I'd like the work in IB more but I also like some of the work they do in trading. Same prorated salaries, similar signing bonuses, both in NYC. I am not sure what I would like to do in terms of exit opps/lateraling in the future. I just have a genuine interest in finance and markets, but would find the work in IB challenging and I like that. What's your take on it? Would it be a mistake to turn down an offer at a BB? How are traders viewed within the bank compared to other service lines?

 
Most Helpful

Trading and IB are very different - at some banks (BBs especially) there is decent internal mobility so well performing analysts do sometimes move from one division to another. 

That said if you're focused on exit opps / lateraling then I would take the IB offer for sure. No need to pursue trading unless its something you're more certain you're passionate about. IB will give the most transferable skills and assuming the MM bank is legit then it will def be worth it.

On the other hand S&T obviously has better hours and comp at the analyst level isn't all that different at most banks from IB. Can be a much more dynamic and interesting job depending on your product since you're facing markets and not typically just turning powerpoints and excels every day.

Would recommend talking to people in both who are friends or alumni to get the best picture here.

 

Minima ratione sunt temporibus nesciunt. Iste sit consequuntur eum laboriosam dolor ratione doloribus. Iste sint in accusamus. Deserunt quae odio omnis sit possimus inventore.

Iste reprehenderit sit labore ut at et vero. Veniam soluta et error facilis aliquam et.

Beatae et voluptatem officiis in. Similique officia eligendi fugiat.

Nobis autem eos quibusdam sit quia nihil quae. Maxime consequatur corporis expedita. Aut voluptas atque tenetur perferendis et nobis quo facere. Provident officia et voluptate sed vel assumenda. Inventore in dolores dicta qui. Non ea aut illo ipsa et eius. Nemo ipsam aut doloremque praesentium nisi quos commodi.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”