Fixed income trading or equity derivatives trading? I am a rotational trainee that has to choose one for a permanent position. Wheres the big bucks at?

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Big bucks is where you like it the most

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I am derivatives coverage for cibc. I make sure they agree with the trade details before I execute

Big bucks is where you make the dough… most likely the one you actually prefer is where you’d perform better

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FI will generally be better (swaps, swaptions are better), and much easier to start generating revenue as a junior once you are trusted by the desk. Equity derivs will depend on whether you'll actually be able to get PnL generating role quickly, some desk you could be mostly supporting role for many yrs.

But skillsets and what drives both markets are very different, you need to figure out what you enjoy

If you are more about technicals, models, maths, then derivatives. If you prefer macro and are interested in central banks policy, that kind of thing, then Fixed Income

Fixed income for sure!

FICC is deeper, bigger market. The scale difference between that and equity derivatives is order of magnitude. Rates derivs especially

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