Sorry, no idea on the compensation, as we don’t track it by area. You might be able to find compensation reports that have this.

I don’t think it’s too common to switch product type completely after a few years. You tend to get very specialized in S&T, so minor changes are possible, but it would be rare for an options trader to suddenly become a commodities trader because he won’t have a track record or P&L to point to for commodities. It’s still possible, I’m sure, but it’s more difficult than switching to a different industry group in IB, for example.

Also, is it common in a career for a person to change product type after a few years or not at all? Would love to hear your thoughts. Example would be someone in sales on commodities switching internally to be a Distressed Trader.

I get the impression that credit traders make more since Cash Equities is agency trading but i am unsure what types of products make most amongst BB, on average.

Thank you

I don’t know much about it, sorry. From my limited knowledge, it seems like not the best area because many banks put it under cash equities, which has been automated, and I don’t think the exit opportunities are great.

For S&T, you should read up on some of the products in Equity covered in this article and then ask intelligent questions about the bank’s operations in those areas… which products are most popular and why, how is the market changing, what do they think of Strategy X, etc. For PWM, research the bank’s strategy in terms of client type, geography, etc., and ask similar questions about industry changes and the bank’s vision/plans for the group.

I am going for work placements and please give me ideas on what questions to ask people working in:
Equity Sales
Private wealth management
Equity Trading

Thanks!

You could probably move to institutional sales since it isn’t that much different from many wealth management roles. But you’ll have to do it via networking since banks only conduct recruiting processes for students.