Originally Posted by fuji
It's actually for this group, which gets given loads of internships in the city and gets to distribute them so it's not very specific, but they ask what you'd most prefer so I was going to say IBD. Would those qualities look better for sales and trading then? I don't really know enough these things to know definitely what I want to do, but I'm going to privately apply for loads of different shit. IBD, sales and trading, some management consultancy shit, research roles, and even the big 4 as a back up and because I consistently get perfect scores in the quantitative reasoning SHL exams so they'll love me.
It is tough to craft a targeted coverletter if you are applying to a broad program. The rationale you outlined does sound more fit for S&T than IBD - catch phrases like statistics, arbitrage, etc. When I think of the skills needed for IBD, you do need to be very comfortable with numbers but I dont think that is the defining trait. It is much more about being detailed oriented, good in teams, strong communication skills, good organization and an ability to work on projects that are much longer-term in nature than S&T. You want to be interested in the markets but no one cares if you know whether the Dow is up or down on a specific day. Whether that means you should apply to S&T, I cant tell you, depends on how you balance your background with your professional interests.