Should I take the trader job?
Hi guys, I'm new to the forum and have found myself in a bit of a situation. I'm currently set to start a financial engineer graduate program in a few months time but recently applied to a trading firm and since then I have gotten to the final stages.
Trading is what I have wanted to do since I started university and the job being offered is a great opportunity. The only hitch is it pays very little for the first year of training and I have large debts to pay. I will also need to afford to live in the city so money is going to be very very tight indeed.
I'm considering calling the trading firm and explaining to them that my money situation is leaving me with little choice than to pull out of the process. They already know my debt situation and my other job offer and suggested that if I cannot make ends meet for the first year comfortably then I should take my other job offer.
My contract with the other job runs for two years so what I'm thinking is I pull out of the trading role process, take the other job, save money then go back to the trading firm and try again. Surely I would be in a stronger position to land the job as I would have more experience, skills etc.?
Has anyone else had experience of this kind of situation? Any advice would be appreciated. Thanks.
Why would you apply for another graduate program if you are already in major debt and you have 2 job offers? Longer you wait the more difficult it is to land a trading job, normally.
Also, if you back out of the first trading gig and go to the other one and suck at trading you have no chance going back whatsoever.
I'm confused why you would go further into debt and turn down 2 job offers for something you've always wanted to do...
I only have one offer and have accepted it and it's not trading, its more consulting and handling trading software etc. I turned down the trainee trader role I was interviewing for. I explained my situation and they welcomed me to give them a call when I'm in a better financial position whereby I can survive on the poor trainee salary.
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