| Topic Name: |
Sales/Trading really harder to get into? |
| Message Name: |
Considering Sales... |
| Date Posted: |
12/16/1999 |
| In Reply To: |
As a salesperson, you need to know the models and understand the fundamentals of the industry and the company. As a trader, all you need to learn is how to match orders and decide whether or not to put your capital on the line.
In sales, you will be talking to PMs from hedge funds and others. You need to know your shit... you need to know how to talk and have good connections. |
| Message: |
I have been considering sales but I am somewhat concerned about the exit options for inst. salesmen.
In CorpFin it seems as though one could exit easily into management positions either on Wall Street or in industry. In sales is this the case? It seems as though inst. salesmen make good money, but aren't they locked into a career on Wall Street forever, mors specifically a sales career on Wall Street?
Can anyone comment on this?
Also, when considering both I-banking/CorpFin and Sales, is salary a consideration? Five years after MBA, do these professionals make roughly the same amount of money, typically? What do VPs and MDs make in each field?
Thanks for any input.
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