Kershner Trading Group (Prop Shop in Austin TX)
Hi, I have a possible in at Kershner Trading Group in Austin TX. They supply you 100% of the capital you trade with but there is no salary. Its purely preformance based. Im fresh out of undergrad (finance and accounting major). Kershner trains you, mentors you, ect. It sounds like its around 3 months before your out of the training stage and off to make your own money.
I know very little really about prop shops. How much money does a average trader make? On average how long does it take to start pulling in enough to get by without having to rely on your savings/2nd job?
If you had a FT 2year analyst job offer at a BB bank would you take that over prop shop? Even if you really wanted to trade? Yet, you would most likely have to ask your parents to help you for awhile and/or get a night job.
Any input on this Kershner Trading Group would be appreciated.
Thanks
I go to UT Austin and have seen the presentations/been to Kershner, and would choose that place over a BB. Great job finding a contact to get in.
really? over a BB's generalist financial analyst position in NYC? I mean i think Kershner would be alot of fun as a job. Very exciting, stressful (i like), yet decent hours, competitive, and great life long learning experience but it has no job security what so ever. You arent paid jack shit unless you preform and whos the say I will. I have school loans to payoff so I just cant see working for Kershner as a realistic posibility. Do you have any idea of how much most guys pull first year?
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Kershner Trading Group (Originally Posted: 01/29/2008)
Does anyone know anything about or have any insight on this firm?
It is in Austin, Texas.
I've recently submitted my resume and got called for an interview but know nothing about it aside from what is on the website.
Thanks.
There a big sponsor of our school's (UT of course) Investor Association. Basically the way they hire is completely through networking. If you know somewhere there, and show interest in working there, then they may take you in. You have about a year to prove yourself and if you don't show something good, you're out.
It's a great firm, lots of cool people there (very casual--they came in jeans/tshirt to our meeting), and really into what they do.
Here's the deal with Kershner...
Source: Visited their trading floor/office twice
anyone know how much capital they offer first years? and how much does it go up?
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