Forex Internship
I'm a rising junior at a top 25 school and interested in a career in forex trading. Currently, I'm interning in the Investment Management division at a Financial Services company in my hometown.
Although I attend a fairly prestigious school that is known for extremely rigorous grading scales, my GPA is hovering around a 3.0 as an Econ major. I have a few connections in NYC and I am trilingual (Eng, Span, French), however I am assuming that my GPA will prevent me from obtaining any sort of SA position with a prominent bank in the FX industry.
What sort of other options should I pursue throughout the year and next summer in order to reach my ultimate goal of getting into foreign exchange trade?
By the way, sorry to be posting something like this... I'm sure this kind of topic can get quite aggravating but any help would be appreciated.
I'm currently interning at an FX dealer. I'm learning a lot (both on the sales and trading side) in a pretty cool environment. Granted, it deals mostly with the retail side, but its a good stepping stone for someone like you wanting to get into the field.
Forex trading is going downhill. Have you seen those "learn how to trade forex in 2 weeks!" advertisements? That is what grandpabuzz does for a living! Fucking pathetic.
Trading is essentially either
a) gambling in the case of prop trading
b) taking a cut as an overpaid middleman in the case of market making and flow trading. those inefficiencies will be ironed out over time, though.
In either case, I do not recommend a career in trading to someone with your smarts. Go into an investment banking group, even if for only two years, and build a valuable skillset.
http://www.drmarkklein.blogspot.com/
Thanks for your input, guys.
I really wouldn't mind going into something like i-banking but I think that the industry is far too competitive for someone with grades like mine. Additionally, I don't think I would be doing myself justice by not using my interest in languages and international business.
I am really looking to get into something where I can use my particular skillset Econ/languages and am interested by the work. It would also be nice to do something with a high ceiling and a lot of room for growth.
Any suggestions?
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