In the post-financial crisis economy, most people would be ecstatic to get a single offer on any sales & trading desk of any bulge bracket bank.
Forget about the desk itself, the type of work, the group’s performance, or the team – just winning the offer should be an amazing turn of events, right?
Years ago, the bulge bracket landscape seemed more attractive – with few restrictions on trading, sky-high paydays, and even more lucrative exit opportunities.
Today, though, it’s a tougher case to make… and boutique prop trading firms are looking like ever more attractive.
Our reader today went through this process himself, won multiple offers at both bulge bracket banks and boutique trading firms, and ultimately chose to join a boutique firm that focuses on distressed debt investing.
I’ll hand it over to him to explain why and how he chose the smaller firm – and what makes distressed investing so appealing:
Multiple Options on the Table