Why aren't more people interested in S&T
I’m currently working at a bank in their Global Markets, and before this I always assumed S&T was this super niche and “dying because of automation”.
From what I’ve seen so far, the flow desks look genuinely interesting. You’re close to markets and the day-to-day seems much more interesting than grinding through endless pitchbooks. Obviously there’s stress, but it feels like a very different kind of stress from your traditional IBD. The wlb is also relatively more chill (atleast at the bank I'm at which isn't a BB btw) and from what I understand, the comp is also pretty good.
One issue I still am facing and wanted to ask other S&T guys is that I keep hearing that a job in S&T is pretty volatile and you tend to loose your job more often. But again from what I've heard after networking (only at my desk so far, I'll need to network around the floor a bit more but this seems sort of a taboo question) is that most of the job is market making and the risk you have is your "book risk" and traders don't really function as prop traders anymore due to regulations and hence I'd like to assume that there's a lower career risk (or risk to get fired). But yeah besides career risk (again not sure how true this), Isn't S&T significantly more fun and exciting especially at the junior level ?