<p>i know the diference between the two. is there a difference in pay (besides commision)? ive been looking for this info and i cant find a staright answer.</p>
<p>Ibanking if you want to be in a hierarchy and are more involved in analyzing situations and making financial models. The compensation is in a heirarchical pyramid and it is more or less set in stone</p>
<p>S&T are for people who think on their feet, have exceptional insticts, and are quantitavely exceptional. Compensation is almost COMPLETELY dependent upon your skill and your P/L. In S&T there is pretty much no heirarchy as an MD in the S&T department probably has less clout than some of the top traders. There are many 26 year old earning 7 digit packages in S&T.</p>
<p>hmmmmm interesting, i was pretty sure S/T was pretty lucrative. is there base salary for S/T?</p>
<p>Can someone explain to me what M&S and S/T is? Thanks in adavnce.</p>
<p>Its M&A or mergers and aquisitions. That is corp finance at an ibank.
S&T is sales and trading</p>
<p>In M&A you advise companies for restructuring and for mergers. You raise capital though the Capital Markets group or you underwrite an equity. You also advise companies though IPOs.</p>
<p>Sales and Trading usually is the Equities and the Fixed Income Commodities and Currency division at most banks. You sell bonds, equity, commodities and currencies. You also offer prime brokerage to hedge funds and mutual funds. Many investment banks nowadays also take part in prop trading where the BEST of the BEST traders at an ibank trade the bank's own assets to make money.</p>
<p>There is ofter base salary in S&T. However, as your advance most of your money will be in bonuses. The base usually in the first one or two years is the same as the corp finance people but eventually you will have to bring in business and make profits.</p>