Do traders all drink alcohol?
And is it a prerequisite? I'm passionate about trading and I'm a social guy, it's just that getting drunk isn't something I like doing? I hate hangovers and I hate the taste of alcohol. I can drink a glass of wine or a can of beer but I only do it to fit in and I don't actually like drinking. Is this going to be a hindrance when working on a trading desk? Since traders go out after work and drink
it is a pre-req, I think you should reevaluate your career choices. Ever thought about a career in digital marketing?
Yeah I guess
Dude if you want to cut it at a trading desk you can't just bend over and take this kind of shit
lol, digital marketers drink more than traders, the ones i know at least
This guy wouldn't be able to cut it in digital marketing either, where everyone's too busy getting "turnt" at some "lit af" club or whatever the fuck those guys do.
They funnel booze to the desk as the official trader liquid of choice, & yes every single trader in the history of trade drinks alcohol. EVERYONE.
best traders I know drink. something something correlation causation
they're fucking with you. Drinking is important for the social function, but blacking out nightly isn't. Just understand that you'll need to be able to have a good time. You get to decide whether or not that'll require drinking.
never trust a trader who doesn't drink
and never trust a drinker who doesn't trade?
This is so socially awkward. If you're not a huge drinker, don't drink much when you go out. As long as you're not on some kind of moral high ground or being self-righteous about it, no one will really care. Just have a good time with them.
Yeah, they actually inject 6 shots of vodka during trading interviews to test you.
This would considerably improve future my chances in future interviews.
+1 SB... Domination
The portion of state school kids on trading desks would fucking balloon.
How much shit could a dipshit dip, if a dipshit could dip shit?
If all of them drank then it would be a matter of time until some of them met Bill W. and ceased to drink. Just be confident in your decision if it's not drinking and dont make yourself a target by being timid or socially awkward. Add to the fun of the group whether drinking or not. Also, you can joke about it. For example, "No I'm not drinking, I would steal your TV and your wife if I did." or "No my dad is a crack addict." (make them feel bad, wait for the reaction then laugh)
What you're really asking is if not fitting in with the non-work aspects of your coworkers will hinder your job success
And the truthful answer is: it might. But, every person you work with is different, every firm and team has a different culture, and if you're really fucking good at what you do no one will give two shits if you're drinking pink mocktails or sitting in a corner gulping down piss from a big dirty bucket
The worse you are at your job, the more you need to fit in
Do I think you have to drink to be good at your job, no....
That said...all the top traders I know - either on the client side or the sell side go out pretty hard, even the older guys with families. It's through those nights out they become "friends" so to speak with other traders...which fosters materially better working relationships...which leads to more nights out...better relationships...snowball. I think it would be hard to be a top trader given that dynamic if you didn't drink. Just my two cents.
Find a beer you can stand - this might take a few weeks, then buy that beer and hold onto it whenever you go out, as long as that sits tight in your hand/on the table you're good to go.
I would say most traders do drink alcohol, and even if they didn't before, they start after a while. Not drinking in general probably has a negative impact on any Finance stream, but it's not that hard to fake it. Good luck
Stick to one drink and drink it often, you'll tolerate it soon enough. I suggest practice at home. Failing that you can always order a tonic or coke and pretend it's got gin / rum in. Hopefully you're not in the UK as you can't fake a pint.
One man rager?
Order an alcohol-free beer and say doctor's orders.
This is just too much.
If I had to put my money on it, I would bet that there is at least one devout muslim trader in the world. So the answer to your question is no, not "ALL" traders drink. -_________________________-
"Student / Prospective Monkey"
need a high school student option
you'll start to enjoy getting a drink after hours once you become a trader
What if you're a girl? I feel like it's much easier to get away with not drinking
Do all traders drink alcohol? Does the pope shit in the woods?
drinking is the epitome of male bonding. uninhibited conversations are the ultimate job/friend interview. i don't trust anyone I haven't been totally shit faced with. sorry pal - you're fucked.
I personally don't think that drinking depends on the type of career or job you are doing. Drinking alcohol or not is your personal choice.
Pretty much all of the traders I know drink alcohol, but it seems like all the guys at the very top at my shop (physical) are quite good at drinking at a slower clip and knowing when to dip out.
Just order miller lites all night. that shit is water anyway
Yes, if you don't like drinking I suggest getting a flavored vodka and water. Surprisingly easy to drink and the water helps with the hangovers.
this thread gave me asperger's
For such a ridiculously autistic thread, there is a surprising lack of Monkey sh*t
There it is, knew I could count on you guys.
Once you graduate from high school you'll start enjoying your drinks. At ten I didn't like hard alcohol either...
Nobody likes hangovers. Drink cocktails. And try to get drunk.
I hated drinking but eventually I acquired the taste... drink capt and coke or vodka and soda and eventually you'll acquire the taste. If you work in NYC and meet with colleagues after work at a bar and you drink soda... you're going to look like an idiot. From personal experience... Usually the drunk person is the funniest hence why people tend to want to hang out with you and you slowly build rapport. But but be careful saying something offensive...
Every one of the traders I know drinks, it's more of a social thing. Also, have you every tried sailor jerry's rum? It is delicious and I think you would like it if you have never tried it.
while i drank a lot when i was a sellside trader...i know a bunch of traders that don't drink. The managing partner of my desk doesn't drink...neither does the top producer. The great thing about being a trader...you get to do whatever the frick you want...and either thats great..or its horrible and you get fired....but either way, you are being true to yourself. You don't need to talk about it...you just do you...and people will respect you for not bending to peer pressure.
Agreed... When I was at barclays, there was a hot shot trader who sat a couple rows from me, he was an MD. Probably like 35 years old and he was on the equities exotics desk... I don't think this guy drank at all.. But jesus how much I envy'd him... Came out of columbia doing MFE and was 1 from a class size of 86 and even had a CFA. fucking overachiever... french people are fucking ridiculous at math...
https://www.independent.co.uk/news/business/glencore-trader-fired-for-s… this is what happens if you do not drink enough, instead!
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