BB IBD vs Prop Trading
Final year university student in London, holding two full-time offers. One is for IBD at a top 5 BB and another for options trading at a prop shop (IMC/DRW/SIG/Maven). Not sure what to pick, and would be curious to hear any thoughts.
BB IBD Pros:
- Much higher job security. The prop shop will eventually fire people who do not make money. 50% are out by year 3.
- More stable compensation
- Work is fairly straightforward and much harder to fuck up
- Less stress (you can't really lose money)
- Household name / "prestsige"
- More transferrable skills / exit opps
- Higher compensation ceiling?
- Better working hours (50-60 hours vs 70-80+ hours)
- Slightly higher initial pay (about £20-40k more)
- Potentially much faster pay progression
- More interesting work (for me, as I am more STEM-oriented)
- No need to eventually transition into a salesy role (I am introverted and while I COULD do salesy stuff if I tried, I don't know if I'd enjoy it or be very good at it)
I guess the main thing that's pushing me away from taking the trading offer is the high chance of being fired within a year or two if I turn out to be shit.
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