Background: Based in APAC. I have SA offers from JPM (FI sales) and MS (IED, exact desk undisclosed). Degree in STEM. Have experience in quant research, but no trading experience.
For JPM, what the chances that I can get a trading role in my second rotation? Is it common for SA to rotate from a sales desk to a trading desk?
For MS, are they stronger in MSET or equity derivatives? Or any options/vol related desks?
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From what I've heard from two MS asssociate/VP level people in S&T - if you are a smart, technical/quantitative guy, IED is basically a dead-end for you at institutional S&T desks. Yes there are some buy-side or market-making desks within the big firms that do HFT or similar techniques, but the average desk does very safe trades and just serves as a middleman. Fixed income is much more interesting of a field for someone of your background, they are much more technical financial instruments and it's much harder to algo-trade them. Also requires you to take small positions in the sale and requires much more analytical thinking, and more room for advancement in the next 5-10 years.
That being said, I would go for JPM, their fixed income desk is fantastic. I have no clue how easy it is to transfer but just my 2 cents. I think MS is more known for commodities anyway.
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any particular reason MS has a stronger reputation than JP in APAC?
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