MBA looking to transition to trading... do I have a shot?
I've been working in communications (newspaper reporter, then public relations/media relations) since I graduated in 2006 and unfortunately I've come to completely hate this field. I decided to go back to school because I had the opportunity for a massive tuition waiver at my current job and I finished an MBA in finance with a 3.8 GPA last month. I was especially fascinated by futures trading (never even knew it existed before I was in grad school) and have been learning everything I could about it.
I'm looking to transition into some type of job in this field, but the problem is I'm almost 30 and I have no professional experience or even internships. The best I can say is that I've spent hundreds of hours working on a paper trading account trying to learn the ropes and reading books on the subject outside of school. I'm also applying for internships and working some connections I have at CME Group in Chicago, but nothing has panned out so far. I was also dismayed to see that it seems like most trading companies are looking for people from top-tier universities, and I went to a no-name school. Do I have any shot at breaking into this field?
You got the wrong degree IMO. Unless you are the type with outstanding test scores (GMAT, SAT), I would look elsewhere.
Dont be fooled- There aint no degree or piece of paper that is going to magically put you in perfect position to land a real trading seat. He would be no less screwed if he had his CFA, FE degree, etc.
I look at all of the colleagues around me with +ve PnL still getting sh*t canned left and right.
So there is like 5 qualified guys looking at the same seat. Throw in 10 inexperienced guys seeking that same one seat, albeit at a lower level.
Your best bet is to do a prop shop or get a shot at a regional dealer and work your way up. And I would advise against anything appearing to be middle or back office on the sellside
Nesciunt dolor enim suscipit inventore. Eos consequatur aperiam est. Fugit perspiciatis aspernatur vel omnis.
Rerum sint fugit qui sed corporis. Sit quis quam consequuntur perspiciatis voluptas explicabo sapiente ut. Facilis natus ea illum cupiditate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...