accounting v trading
I'm a college student at University of Illinois. I'm debating which career path to follow. For accounting I'd pretty much be guaranteed a job at a big four firm and it won't be as demanding as s/t or ibd. I'm just wondering anything about the job within 5 years that is associated with trading. If i get the right contacts in hedge funding and trading, what can i be making and how high potential?
Get an accounting degree from there, Urbana-Cham.. its a good school.
Try to get an internship in Trading somewhere,
Graduate, if you land an analyst(S&T) gig somewhere go for it,
if not you'll still have a CPA and will never be un-employed..
Trader salary is really useless to know because its all PnL.
Starting analyst salaries I think are around 60k plus some bonuses like in IB. Although others on this board may know better.
Top traders however, can earn millions and rarely even billions a year. More realistic would be a few million for very top top traders like Ahsim Khan, a 28 year old former MS trader who made like 11 million and left for a U.K hedge fund for 25million. Im not bragging about this kid but just giving you an example of how much the very successful ones CAN earn...
Anyway, enjoy school because once you start working, thats all it is...WORK...
would I be at a disadvantage, if i take cpa related job and trying to move back into finance?
You can take the accounting job at a big 4, work a few years and earn some money then go to a BSchool like Chicago or Kellogg in your area and move into High Finance..Get the CPA as you will never be unemployed. You can always do Finance later. Moving into Finance without BSchool after taking the Accounting job may be difficult.
Maybe others can elaborate further but im pretty sure it cant be easy
also, you can shoot for IBD jobs with an accounting degree from UIUC, IBD is probably more accounting then financed focuses, from what i hear. you don't need any porfolio managment of black scholes options pricing in IBD.
is english your first language btw? that might be a hindrance. for all this talk of million dollar payouts five years out, you should know that's an outlier. but you could certainly be making in the low, mid 6 figures.
Any idea how many standard deviations outside the average compensation that MS kid was? I've seen his name dropped several times on the forum, and I'd like to have some hard facts about how low the probability is of making that much money
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