Summer 2025 SA Role - BB S&T or MM IB

Recently got an IB SA offer from a pretty good MM. I also got a BB offer for Trading and now I don't know what to do. I had been considering/applying to both, I think that I'd like the work in IB more but I also like some of the work they do in trading. Same prorated salaries, similar signing bonuses, both in NYC. I am not sure what I would like to do in terms of exit opps/lateraling in the future. I just have a genuine interest in finance and markets, but would find the work in IB challenging and I like that. What's your take on it? Would it be a mistake to turn down an offer at a BB? How are traders viewed within the bank compared to other service lines?

 
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Trading and IB are very different - at some banks (BBs especially) there is decent internal mobility so well performing analysts do sometimes move from one division to another. 

That said if you're focused on exit opps / lateraling then I would take the IB offer for sure. No need to pursue trading unless its something you're more certain you're passionate about. IB will give the most transferable skills and assuming the MM bank is legit then it will def be worth it.

On the other hand S&T obviously has better hours and comp at the analyst level isn't all that different at most banks from IB. Can be a much more dynamic and interesting job depending on your product since you're facing markets and not typically just turning powerpoints and excels every day.

Would recommend talking to people in both who are friends or alumni to get the best picture here.

 

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