Structuring - hours, pay?

Hi,

As there is relatively little information available I was wondering what are the average hours and pay (bonus!) in structuring?
Does structuring count as a quant job?

I did a Spring Programme and they offered to fast track me for s&t. But now I actually find structuring quite interesting. Do you thing they will only let me choose among sales and trading or does s&t generally stand for markets and I can choose among whatever markets internship I would like to do?

Cheers

Reply 1

AR1

Halleluja

Hi,

As there is relatively little information available I was wondering what are the average hours and pay (bonus!) in structuring?
Does structuring count as a quant job?

I did a Spring Programme and they offered to fast track me for s&t. But now I actually find structuring quite interesting. Do you thing they will only let me choose among sales and trading or does s&t generally stand for markets and I can choose among whatever markets internship I would like to do?

Cheers

Generally structuring falls under the umbrella of S&T. Not all desks have structurers though...

Hours are quite long (normally 12-14hrs, depending on which bank you are at). You will be doing A LOT of pricing for the first 6-12 months. Pay is high, but bonus packages aren't as dear as in trading. You get you "Walk Away", but you don't have a PnL :smile:

.

Reply 2

love2learn

4

What's 'walk away'??? Never heard of that one before.

Reply 3

BobbyD

Halleluja

Hi,

As there is relatively little information available I was wondering what are the average hours and pay (bonus!) in structuring?
Does structuring count as a quant job?

I did a Spring Programme and they offered to fast track me for s&t. But now I actually find structuring quite interesting. Do you thing they will only let me choose among sales and trading or does s&t generally stand for markets and I can choose among whatever markets internship I would like to do?

Cheers

Hours depend entirely on which desk you are on eg. In commodoties, I know structurer's that come in at 8.30am and leave at around 7pm. In equities, I know structurer's that come in at 7.30am and leave regularly around 9pm...

Pay depends on how good you are.

Reply 4

AR1

love2learn

What's 'walk away'??? Never heard of that one before.

Last time I heard of it, it's was known to be the amount (in percentage) that the structure constitutes to the trade - basically what the structurer gets from creating/pricing that product.

Reply 5

Halleluja

OP

Thanks for your responses so far.
What do you mean by 'high pay' and 'pay depends on how good you are' ?
It always does, but how does the average analyst salary (incl. bonus) compare to other front office (ibd, s&t) roles?

Structuring - hours, pay?

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