Silver Banana
Hey I have a quick question. I have used the search function but I can't seem to find any forums that just give me a straight answer. First person to answer receives a silver banana.
My question is this: Who makes make more? Traders at BB ( ie. JPM, GS) or traders at a major prop firm (ie. Jane Street, SIG)
I understand there are a lot of small technicalities and it may be a difficult to give me a direct answer so to keep it simple you can just concentrate on plain vanilla equities and only the average salary and bonus.
please answer the question in this format:
1) BB (salary + bonus average) (1-4 years out) BB (salary + bonus average) (5- 20 years out)
2) PF (salary + bonus average) (1- 4 years out) PF (salary + bonus average) (5- 20 years out)
Thanks
http://www.wallstreetoasis.com/faq-how-much-will-i-make-if-i-pursue-a-c…
Dude, what you're asking if not only nearly impossible to answer, but also virtually useless. It's highly dependent in both fields 5-20 years out on your personal ability. Your base may go up from 70k-250k between your 1st and 10th years at a firm, but there's no telling what your bonus will be since it's so dependent on your performance.
I have a feeling it's a lot more risky to be a prop trader (as far as people that can't cut it in the industry), but the good ones probably make a bit more than BBs. But this is such a ridiculous generality, paying any attention to it would make you a fool.
If you want to do prop trading, go to a prop shop. If you want to work at a BB, go to a BB.
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