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Is sales and trading still a good career?
Sales and trading is not a dying industry. Financial markets are only getting bigger as economies grow and as emerging markets in particular liberalize and deepen their markets. As with most other careers, you do need to think about the long-term effects of automation and offshoring on your job.
What do London bankers earn?
As the charts below show, the standard salary for a first year analyst in an investment bank in London is now £60k ($81k), which is far below the $100k starting point in the U.S. After three years, London salaries rise to £90k at banks like Morgan Stanley and Goldman Sachs, which offer accelerated promotion to …
Is sales and trading investment banking?
Sales and trading is the function of the investment bank that people most associate with “Wall Street”. The purpose of sales and trading is to facilitate the buying and selling of securities and other financial instruments between large institutional clients. Entry level employees are called sales and trading analysts.
What skills do you need for sales and trading?
Sales and Trading career overview
- Highly ambitious/driven to succeed.
- Competitive.
- Communicates effectively.
- Incredibly personable.
- Polished and presentable.
- Can dissect large amounts of information quickly and relay it efficiently to clients.
- Passionate about markets.
Where is the best place to work in investment banking?
London was considered the best environment to do business and to create value for people involved. As a result, Investment banks in London are the best place to work. So roll up your sleeves and do all you can to for investment banking in London, UK (if you want to be an investment banker at all).
What are the best services offered by investment banking in London?
Investment funds: This is one of the best services offered by Investment Banking in London. Every team is close-ended and every member of the team is a specialist of some sort in sales, market research, corporate finance, etc. They provide customized services on various investment funds to their great & high net-worth clientele.
What is it like to work in sales and trading?
Unlike investment banking which is very hierarchical, sales and trading has a very flat organizational structure. In sales and trading, you sit within your asset class and role. I sat beside my managing directors (MDs) and they knew what I ate for lunch, what I was working on, and which friends I was chatting to.
What is it like to be an investment banking analyst?
Investment banking hours are legendary for their awfulness: Analysts expect to be in the office for 80+ hours per week, they need to be “on call” when they’re away from the office, and unpredictable pitches and deals often result in canceled personal plans.