Resume Help for Prop Trading
Hey WSO, I want to begin a new career in Proprietary Trading, and I need some help/critiques of my resume before I send it.
http://www.razume.com/documents/26421
I've already gone over Mergers & Inquisitions on S&T resumes, and I've read the discussion on WSO as well. So you are getting the best I can do with what is already out there.
I'm in the process of trying to network with people already at prop trading firms, but not surprisingly, Linked-in isn't proving so helpful. I would appreciate any help in that area as well - an introduction of some sort would be phenomenal!
Thanking you in advance for your help.
Maybe I am misreading this but the third and fourth bullet point in equity/option trading seem to conflict each other/provide little additional value
You state return of -4.45% and 29.17%. Then go onto say 8 months in have 105% of initial capital. Bullet point 4 seems old and irrelevant to me. So while bullet point 4 is possible, it just doesnt seem to add any value. I guess first year up going into 8 months in, last 4 months down, then good following year. I might instead remove bullet point 4 and outline a particular strategy that you might have or list a sharpe ratio or worst drawdown metric.
Thanks for pointing that out. I meant it to be read "I've had returns ranging from as low as a 4% loss to as high as 29% gain in my trading career so far. And overall, I have 105% of my initial capital still remaining, which means I netted a 5% profit."
I'll have to study more on the metrics you mentioned to include something meaningful there.
To summarize, I'll remove points 3&4 from equity trading and replace it with some other accepted metric.
If I remove GPA from my education section, how else will the recruiter know that I did well in school?
My point of including the reading list is to show a love for the markets. But I'll remove it on the next edit, if it seems unnecessary to make more room.
Is the honors/achievements section too crowded?
I suggest that you remove your GPA since its been a decade since you left grad school. Remove the reading list. Express returns in form of CAGR, also list Sharpe, Sortino and MAR ratios.
Thanks Marco the for the suggestion. I did get a CAGR, but I don't think I can do Sharpe, Sortino and MAR ratios.
I have been long in stocks, holding for months before selling. So I don't have realized gains with any periodicity - hence no Standard Deviation. It seems the best way to analyze my data would be to look at total gains, which is a CAGR.
Am I thinking about it correctly?
Use the mark to market returns on a daily/monthly basis to get the vol of your portfolio. Realized gains only don't mean much. If you just sold your winners and never sold your losers and you only counted realized gains, you would look much more heroic than you really are.
Take your IQ off..
Thanks for suggesting that. My point is not to be pretentious, but to demonstrate an ability to recognize patterns for technical analysis sake. But, if it is not smart, I'll remove it for the next edit.
Here is an editted version of the resume incorporating suggestions: http://www.razume.com/documents/26426
Based on what you see here, do I have a good chance of making it into a decent prop firm? Which ones would you recommend I focus on? Thanks!
I would take off the IQ as well. I think 150 is the level where you start to separate yourself from the herd, and 139 is just not that impressive.
Good Luck.
Thank you everyone for your comments! They are most welcome.
I've incorporated them and have a final draft: http://www.razume.com/documents/26511
Can someone tell me what kind of chance I have at getting hired on? (I know I don't have to ask you to be "honest"!)
Thanks again.
A CAGR of 2.1% is rather abysmal. Leave it out.
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