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George Parr's picture

prop trading vs broking vs ....

I've got a few job prospects and would be great if I could get some insight and advice.

prop trading: basic is extremely low. perhaps just enough to pay rent and some bananas. but the deal is to trade the firms money, and the better the performance the more buying power.

energy broking: deals with energy markets including oil, gas, coal, petrochemicals and tanker freight. heard commissions are great.

corporate finance route: regular finance route: think GE FMP, Shell Corporate finance

I'm in my final year of undergraduate studies, done BB (top-tier) Equity Research internship, and have no idea which path would present the most upside going forward. Would like to seek advice of which is easiest to learn and have a high chance of doing well.

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Cornelius's picture

define upside.. short term

define upside..

short term pay? prop trading, it also carries the most risk

prestige/bschool exit ops? Finance Management Programs, even if you don't go to bschool and are able to rise to the top of the firm, your compensation will be tied to equity more and more.

..no idea about energy broking

Cornelius's picture

double post

double post

Edmundo Braverman's picture

Whatever carries the most personal risk

Whichever job carries the most personal risk will be the most lucrative (and emotionally rewarding if you succeed). Take a big base and you'll be at the mercy of the higher ups -- and I assure you they are not in generous moods right now.

Take a minimal or, God forbid, NO base and you'll prove to yourself and your employer that you've got some skin in the game and you'll be rewarded appropriately.

Something I never see people talk about on these boards is how easy it is to tell your boss to get fucked when he pisses you off if you are truly valuable to the firm. Learn everything you can, master the skills, and then no one can touch you.

I spent two years at one firm where I was fired for insubordination at least a half dozen times. After a couple of days the VP would call me and yell, "What the fuck are you doing at home?? Get your ass in here!"

Money talks and bullshit walks.

WxOnWallStreet's picture

Nice

Edmundo Braverman wrote:

I spent two years at one firm where I was fired for insubordination at least a half dozen times. After a couple of days the VP would call me and yell, "What the fuck are you doing at home?? Get your ass in here!"

Money talks and bullshit walks.

lol, nice

George Parr's picture

Powerful.

Edmundo Braverman wrote:

Take a minimal or, God forbid, NO base and you'll prove to yourself and your employer that you've got some skin in the game and you'll be rewarded appropriately..

Just the encouragement I need.

Are you a prop trader yourself?

monty09's picture

javy loya is a energy broker

javy loya is a energy broker and makes a ton. he owes part of the houston texans

trade4size's picture

Ok couple questions and you

Ok couple questions and you can PM me if you dont wanna say.

Energy broker where? I worked at one of the top brokers and i know first hand they can make silly money.

Prop trading where? by your post it sounds like a trillium/chimera but i know trillium has not given out offers yet.

Prop traders are ripping this market a new one with all the volatility.

George Parr's picture

PM-ed you.

PM-ed you.

Houstonoilman's picture

Energy brokers making "silly money"

Houston is where it's at. Feel bad for all the "target schools" pursuing that IB career..when us "non-target" schools making more paper first year out of college doing doing energy trading than you guys will make in MINIMUM MAYBE your approaching YALL'S h3rd year....bottom line stop dogging the non-target schools and expand your horizon....Houston loves its own....not the East Coast Wannabes

Houstonoilman's picture

Energy brokers making "silly money"

Houston is where it's at. Feel bad for all the "target schools" pursuing that IB career..when us "non-target" schools making more paper first year out of college doing doing energy trading than you guys will make in MINIMUM MAYBE your approaching YALL'S h3rd year....bottom line stop dogging the non-target schools and expand your horizon....Houston loves its own....not the East Coast Wannabes

yesman's picture

these are shitty times - go

these are shitty times - go to the job you think would be the most fun, where you'll seize the opportunity and learn a lot.

i would take the prop trading gig

Mez's picture

Id love to know more about

Id love to know more about energy trading. Mind if I PM one of you guys?

WorkGetPaid's picture

if anyone responded to you

if anyone responded to you Mez, do you think you could send me the response. I'm also interested in energy trading but I'm pretty confused as to how it works and what the job opportunities are for people about to graduate undergrad soon.

Mez's picture

None yet :)

None yet :)

trade4size's picture

guys if your interested in

guys if your interested in prop trading join the group i created. Trying to pool everyone interested or those that already work as a prop trader.

See the tab "groups" to the right of "forums"

untilted's picture

does trading prop for an

does trading prop for an investment bank count?

trade4size's picture

yeah of course.

yeah of course.