advise me, for I need direction

Hi. I am a junior at DePaul University. Where should I start for a career in sales & trading? I'm guessing I will have to go to graduate school in order to land a job in trading. Unless I meet someone who can push my resume. But anyways, where are some good areas to start working to advance to sales & trading? Thank You.

 

If you miss the S&T analyst position, you can always start at in a risk/MO position and try to work your way into a sales or trading assistant role. And after a few years if you see it as a dead end (or haven't met anyone that can push your resume) you could check out grad school.

 

Origination is a great start - pricing loans, looking at loan docs etc...within 1-2 years of doing that, you should be moving on to the securities side.

 

You're in Chicago, so you have a lot of options...Google top 25 mortgage originators...ideas include BankOne, Countrywide and LaSalle/ABNAmro off the top of my head. RFC, USbank, Wells, M&I are some other ideas.

 

Thanks skiloa for the response. I have another question. What about working overseas? I was born and raised in India and am fluent in Hindi, and Gujurati. Would I have a chance working overseas for a bank? Thanks.

 

Well, I'm not from overseas, so I'm not really sure...If they have thriving mortgage and/or loan businesses, then maybe. Otherwise, no.

 

I was talking about IB/Sales & Trading. Mortgage loan business is out of question for India. I will take a look at it. Thx

 

Ut et deleniti facere fugiat aut. Quia similique quo quaerat eum voluptatem doloremque. Rerum dolor asperiores rem ratione magni. Odio impedit illum non delectus sunt ipsa veniam. Ea fugit quo nobis consequatur aspernatur sit. Facere ea harum sed error non perferendis.

Perspiciatis accusamus cupiditate aut aliquid exercitationem qui eius. Eum beatae tenetur consequatur minima odit. Doloribus placeat sint est aut nostrum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
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...”