<p>Can you guys outline the differences between the two? I know that the hours and pay at M&A are better than those of S&T, but how much of a difference is there?</p>
<p>M&A:
Hours/week: 80-100
Pay (including signing bonus and year-end bonus): $90,000-$125,000</p>
<p>S&T:
Hours/week: ?
Pay (including signing bonus and year-end bonus): ?</p>
<p>for S&T hours are less and so is pay (base pay for S&T and M&A is about the same i think, but S&T bonnuses tend to be lower). however, theoretically there's no upper limit to the bonus of a trader cuz, as far as i know, a trader's bonus is a percentage of his profit, and some traders can make as much as CEOs</p>
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<p>I'd say S&T is generally 60-70 hrs per week. For most products its generally market tracking, though that can change because of OTC, etc.</p>
<p>Which would you say is better, being a trader or a salesperson?</p>
<p>It's like difficult to compare them, because of the different skills necessary. My personality and wants match more closely with trading, but thats just me.</p>
<p>Is there anyway you could give a list of "personalities" that would fit with the two? Thanks</p>
<p>If you talk and talk and nobody can shut you up, you may be suitable for sales.</p>
<p>M & A will be sophisticated, well traveled, speak at least 2 languages, ivy educated, often accomplished athlete, mans man-belonged to 2 secret societies at HYPDD.</p>
<p>Sales and trading doesn't have to be as polished, strong cop modeling skills, must tell bad sexist jokes.</p>
<p>S&T:
Pay (including signing bonus and year-end bonus): ?</p>
<p>Anybody know a pay range for a 1st-year straight outta college?</p>
<p>Salary for M&A and S&T are really between 50-80k depending on state, economy, & company. However M&A does make more bonuses than S&T. Those S&T that get pay similar to CEOs then they are in the top bracket in their field.</p>
<p>check this link out</p>
<p>it tells you the salaries of some trading/sales positions</p>
<p>Isn't there also the issue that in M&A you will need to take 2 years off school to go and do an MBA, which will cost around 150k, plus all the income and bonuses you are missing out on? People in S&T can advance without an MBA, which is great since the MBA appears to be a colossal waste of time and money if you are not trying to change careers.</p>
<p>Well, you have to look at the big picture. Your earning potential will increase exponentially if you get a top-tier MBA (see: Harvard/Stanford). Most firms have loan forgiveness programs or fund your MBA education altogether. This varies from firm to firm, of course, but I'm a big believer in going back to school if you have the means to do so. It'll give you a chance to recuperate after you get burned out doing banking and it'll give you a chance to network with other top bankers, PE analysts/associates, entrepreneurs, incredible people, etc. The real benefit of getting your MBA doesn't really show itself until you start interviewing for post-MBA positions. I'd personally rather do: 2 years BB banking --> 2 years B-school --> PE/HF/VC then do BB S&T for the rest of my career. The latter option gives you less career flexibility and unless you're a stud trader, it'll be tough to lateral into a top position at a fund. A Harvard or Stanford MBA on your resume, however, opens up another world and you'll clear the cost of capital in no time.</p>
<p>You could also do S&T for two years, go to B-school then hf/pe/vc, no one says it has to be a dead end career path. (Hedge funds especially like prop traders)</p>
<p>I'm well aware of that, johnnyhoward. My answer was in response to nauru's inquiry about M&A and B-school. Thanks for your comment, though, I love getting advice from HS students.</p>
<p>Dude get some thicker skin and stop always going on the defensive. Also, I was responding to nauru.</p>
<p>"Thanks for your comment, though, I love getting advice from HS students."</p>
<p>As opposed to snide, know-it-all college juniors who don't know the difference between 'then' and 'than'.</p>
<p>I guess if you can't attack the content, you gotta go for something petty like grammar. </p>
<p>But, hey, at least I'm not the 50 year old man picking online fights with a college student. Don't you have a job to go to? Never mind, you're probably in that unfortunate unemployment statistic and waiting outside for food stamps. Let me guess, you're gonna blame the market?</p>
<p>Damn aworldapart you're such a dick get off this website</p>