Sales & Trading (S&T)

The division that intermediates markets for institutional clients: sales covers investor relationships, traders make markets and manage the firm’s resulting risk. Distinct career track from IB with its own interview style (markets knowledge, mental maths, probability).

Where Sales & Trading (S&T) comes up

Sales & Trading Interviews: What Actually Gets TestedS&T interviews are not IB interviews with different logos. Different skills, different questions, different prep.Read the guide — 8 min

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Interview guides

Related Trading & Markets terms

Buy Ticket / Sell Ticket (Long / Short)Hedging Derivatives Duration Carry Trade VaR (Value at Risk)

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Browse the full glossary — 340 finance recruiting and technical terms, in plain English.