Kudos for the good intel (lol u typed goos just kidding),
But i have to clarify that S&T even though you may paint a rosy picture of it, to which everyone of the applicants would want to run, it should be understood that it might be a very niche market, difficult to get in and not readily accessible for internationals.
In the same way, I would say air force is a really high adrenaline job too but many people read the info and just take it for granted like right i am the next top gun or top S&T guy where are my contracts, it might not work that way, and i am sure the market or opportunities for the trade are not so abundant, accessible as GM or IB, its better to be cautionary before considering options, i am certainly not being negative just cautionary for people who tend to read online and start changing direction.
shrouded1 wrote:
This is a choice which really depends person to person. There is a lot of jobs in S&T which can be very exciting. There are days where I have traded (by myself) excess of a couple of billion dollars of derivatives. That is huge ! And when you do stuff like that there is very little else that can generate as much of an adrenelin rush. Now to me, having to make pitches and presentations, doing deals where companies are bought and sold sounds like tedious and boring work I would not really want to do. What I want to do and what I very often do is trade in the markets based on this information and try to take positions to express views for or against these deals. Working with incomplete information, but doing all sorts of different stuff. Working on big trades for a few days is good, but executing lots of trades every day is even better ... working on a deal for a few months doesn't cut it for me.
And yes the pay-offs are good. The working hours are not bad at all, the job has excitement, and the pay is certainly above anything else which is not banking.
But as with most things after a while you start taking things for granted and can get bored of it. Now there is no reason why you won't get bored in IB either. Plus I have seen people around me retire in their mid 30s and trust me that is an awesome thing to look forward to. The whole business is young, there are no 50+ people, hardly anyone 40+, and most people between 25 and 32 ... so it is a pretty cool environment to be working in.