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Career Resources
bump
Job security is traded for potential upside and getting paid “to eat what you kill”
Use LinkedIn as a resource. You can look up thousands of current and former employees to see their career arc
This doesn’t mean they got fired - a few years may be enough for people before they want better WLB/other priorities
lol such an academic naive caveat
It’s bad
Not great. People last 1-2 years on average. It’s not just making money that is difficult. It’s being able to make money within their risk model. Constant pressure to put on risk and strict limits.
Can you describe the risk limits? Trying to get an idea of the chopping line
If you have to ask, it's not going to work. I'm serious.
If you're junior you're generally safe...not as safe as you'd probably like to be but its not a glaring issue. Once you become senior/"risk on" you basically have a timer.
Ironically better than alot of SMs (from a career risk standpoint not a firing risk standpoint). the reason is employers almost expect you to be fired from an MM at some point. If you are fired from citadel after 3 years no one will blink an eye. You can prob do 8-9 years more of pod hopping across 3-4 pods. If you are fired from an SM after that the view is you lost $ and harder to find a similar SM job
Is it worth it if you’re hopping from one pod to another? You’re spending every year infrastructure building with no bonus.
Sometimes you get guarantees ...
... but I agree, the infrastructure re-building is one of the major turn-offs for me. It's just dumb and not worth my time.
Hadn’t thought about it this way.
Almost like the job security is so bad that it’s good lol.
Didn't use to think this way, but believe you're right.
It's not like you truly have downside protection if you lose $ or underperform at a SM anyway + are subject to the whims of your PM anyways
At a tiger cub, I've personally seen the founder cut bonus checks from his checkbook when he sized up a position that wiped everyone's positive. Surprising, but that's some downside protection (not common).
I’ve known people fired during their probation period (less than 12 weeks)
how? wtf
I’m not even sure how it happened. Just put it out there to gauge how typical this might be
You are only as good as your last envelope/ pnl
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