MBA looking to transition to trading... do I have a shot?
I've been working in communications (newspaper reporter, then public relations/media relations) since I graduated in 2006 and unfortunately I've come to completely hate this field. I decided to go back to school because I had the opportunity for a massive tuition waiver at my current job and I finished an MBA in finance with a 3.8 GPA last month. I was especially fascinated by futures trading (never even knew it existed before I was in grad school) and have been learning everything I could about it.
I'm looking to transition into some type of job in this field, but the problem is I'm almost 30 and I have no professional experience or even internships. The best I can say is that I've spent hundreds of hours working on a paper trading account trying to learn the ropes and reading books on the subject outside of school. I'm also applying for internships and working some connections I have at CME Group in Chicago, but nothing has panned out so far. I was also dismayed to see that it seems like most trading companies are looking for people from top-tier universities, and I went to a no-name school. Do I have any shot at breaking into this field?
You got the wrong degree IMO. Unless you are the type with outstanding test scores (GMAT, SAT), I would look elsewhere.
Dont be fooled- There aint no degree or piece of paper that is going to magically put you in perfect position to land a real trading seat. He would be no less screwed if he had his CFA, FE degree, etc.
I look at all of the colleagues around me with +ve PnL still getting sh*t canned left and right.
So there is like 5 qualified guys looking at the same seat. Throw in 10 inexperienced guys seeking that same one seat, albeit at a lower level.
Your best bet is to do a prop shop or get a shot at a regional dealer and work your way up. And I would advise against anything appearing to be middle or back office on the sellside
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