Do traders get paid this much?
(Baboon, 109
Points)
on 10/16/11 at 2:50pm
From Hard Times On Wall Street - A wonderful juxtaposition:
The 27-year-old trader made $500,000 last year. Is this typical?






Absolutely
Absolutely
Definitely
Definitely
Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
Further proof that the best
Further proof that the best part of Krugman ran down the crack of his mother's ass and ended up as a brown stain on the mattress.
And that's a compliment compared to what I'd say about the commenters over there.
Isn't 400k the form for 27
Isn't 400k the form for 27 year olds in IB? If it is, than 500k can definitely be done in Trading.
Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department
http://www.youtube.com/watch?v=KkMDCCdjyW8
Not uncommon at all. I have a
Not uncommon at all. I have a friend who made roughly $700K at the age of 26, trading exotic derivatives at a bulge bracket bank.
I heard rumors about a trader at citadel who made around $5 million at the age of 28 or so.
What kind of backgrounds do
What kind of backgrounds do these cats have?
sorry for sounding like an idiot, but its hit and miss with the background of a trader
Buyside wrote: Isn't 400k the
Isn't 400k the form for 27 year olds in IB? If it is, than 500k can definitely be done in Trading.
The grammar issues in this sentence are remarkable.
"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
I started making 500K from my
I started making 500K from my 3rd year
Will Hunting wrote: Buyside
Isn't 400k the form for 27 year olds in IB? If it is, than 500k can definitely be done in Trading.
The grammar issues in this sentence are remarkable.
I love how you continue to attack me ever since you realized I was younger than you. Anyways, I'm more of a math guy. Last year, I made it to the red group in the Mathematical Olympiad Program. Look it up; you may be a better writer than me, but I'm probably better than you at math.
Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department
http://www.youtube.com/watch?v=KkMDCCdjyW8
Buyside wrote: Isn't 400k the
Isn't 400k the form for 27 year olds in IB? If it is, than 500k can definitely be done in Trading.
If you are 27, you must be either 2nd or 3rd-year associate? I thought it wouldn't even add up to 350K all in for an IB associate. Alas, why did I choose IB over trading... can I move to Trading after my first two years in IB? Is it also true for FX or commodity trading?
Best not to discuss comp.
Best not to discuss comp. And my hunch is that Wall Street will probably make less in five years than it makes today.
Work hard, play hard.
Agree with IlliniProgrammer.
Agree with IlliniProgrammer. We will never see guys/girls making as much as the guys on the list below. At least not at banks with all the regulations coming in.
http://boringest.blogasian.com/motivation/
Like I mentioned on the last
Like I mentioned on the last NSFW, I worked under a 28-year old VP at my second firm. He got a 12% override on the group's production, and we averaged between $850,000-$1,000,000 gross per month. That's right kids, he was banking $100k-$120k a month like clockwork at 28.
As for background, he was a former line cook at a T.G.I.Fridays and had some bullshit degree from a school even you non-targets would point and laugh at.
Of course, this was 1993 and it was a whole other game back then.
Edmundo Braverman wrote: Like
Like I mentioned on the last NSFW, I worked under a 28-year old VP at my second firm. He got a 12% override on the group's production, and we averaged between $850,000-$1,000,000 gross per month. That's right kids, he was banking $100k-$120k a month like clockwork at 28.
As for background, he was a former line cook at a T.G.I.Fridays and had some bullshit degree from a school even you non-targets would point and laugh at.
Of course, this was 1993 and it was a whole other game back then.
You REALLY need to write a book.
huge survivorship bias - you
huge survivorship bias - you don't hear about unprofitable traders cuz they're prob not traders anymore
Edmundo Braverman wrote: Like
I am a (trainee) trader in
Erebus wrote: Edmundo
Look at Q3 earnings this
There were plenty of
City: New York Firm: Bear
I need a crib, a big estate, I need a boat and that need a lake, I need some salmon that need a plate, that need a chef so I feed my safe
From trading equities to slanging wine in Latin America
A ship is safe in harbor, but that is not what a ship i
Prop shops you could do far
Reality hits you hard, bro...
^I think there will be a
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
Maybe I'm crazy but I could
^^ That's gotta be sarcasm
I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
Wish I could tell you, wish
Yeah, Dodd-Frank has to be
It is rather unclear, but
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
http://www.volckerrule.com/pr
With reports that Morgan
Brady4MVP wrote: Not uncommon
MMBinNC wrote: Prop shops you
houseofcards wrote: MMBinNC
Reality hits you hard, bro...
There was a guy at my firm
A lot of people do certain things to add days to their life. I do things to add life to my days.
A Posse Ad Esse wrote: There
MMBinNC wrote: houseofcards
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
Macro Arbitrage wrote: It's
houseofcards wrote: Macro
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
times have changed. some time
I know a bunch of guys in
how do these guys become good
Born in hell, forged from suffering, hardened by pain.
brianklk wrote: how do these
I'm going to guess prop
brianklk wrote: how do these
Virginia Tech 4ever
Buyside wrote: Will Hunting
djfiii wrote: Virginia Tech
ERGOHOC wrote: I started
-MBP
manbearpig wrote: ERGOHOC
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
500k isn't much in New York.
I rich, smarts, and totally in debt.