Thoughts on distressed trading desk at gs/jpm? How's comp / life? Interesting work?

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Distressed desk at JPM is notorious for high junior turnover. They def play favorites and if you don’t fall in that camp, expect it the be extremely cut throat. Comp at junior level is average. Very smart people but high intensity, and very white male

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Is that NY?

Also how does pay compare to top IBD groups?

Where do people go afterwards?

Yeah it’s NYC. All pay on trading desks as juniors is less than IBD. Traders only surpass Bankers when you get more senior. People usually go to HFs

GS SSG on the other hand is actually a legitimate buyside platform

Thank you. So for the purposes of moving to a fund later on would it make sense to from there from a top restructuring shop?

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