First New York- Questions
Have already browsed search function and had a few additional questions about First New York. Would love if any of you could give me more info/confirm what I've heard as some info on site seems dated.
- How many assistant traders per class/how many of those get promoted to trader?
- During the trial trading period, have heard starting bp is 500k? Can someone confirm?
- How long is trial trading period/what is considered a good enough percent return to grad to trader?
- How much classroom work is there during training? Any tests besides Series ones?
- Assuming good performance, what is max cap given? If they only have $350mm and 200-230 traders, it seems like only $1.5mm per trader, which can't be right.
- Heard rumors back in Dec that they are not doing as well as past...can anyone elaborate?
- Are they becoming a hedge fund? Saw some articles but nothing seems official yet.
Any insights would be much appreciated. Thanks.
curious as well...
feel free to PM me if any of you work there...
also, even if you just have info on 1q, would be really helpful!
RE: #5...it isn't right, because 1.5MM per trader would be 300MM
The website says 200+ traders, and I've seen anywhere from 200-230 posted, so I was being on the conservative side assuming 230. Should have mentioned approximation. Anyway, does anyone have anything useful to add?
Regarding #5, you're assuming no leverage. Also, traders will partially net against each other. Think about it a little harder...
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anyone?
Hi,
Need advice please.
Have offer at FNYS and other offer for commodity trading in major oil company. Which should I pick ?
The way I see it:
FNYS (pros):
FNYS (cons):
Trading at major oil firm (pros):
Trading at major oil firm (cons):
CONCLUSION
What should I do ?
Help please...
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