Am I stuck here? Would you move?
Long time lurker, first time poster.
Background: went to a top top school, standard internships at BB equities, started at BB equity trading floor doing mostly agency type of trading. 4 years in, I'm bored out of my mind mostly because it's so damn easy and also because everyone I work with is pretty stupid, imo. But all the things I don't like about it also makes it easy to earn about 500k a year just by waking up and rolling out of bed to go to work.
It's pretty good money.. But it's not amazeball money. I feel like I'm wasting my talents because its so easy here but am a bit too scared cuz what if I don't have any talents compared to the big fish?
What would you guys do if you were me? Shut up and keep collecting easy money? Try to apply to prop shop/market making junior positions? No suggestions of moving to a prop book within the bank... Not with all the regulations in place/on their way.
If you're that good move to a prop shop and make huge amounts of money.
If you're doing agency trading I'm not quite sure if your 'skills' are transferable to prop.
Exactly what I'm worried about... So would you give up the easy paycheck to try your hand at being a junior noob again in prop?
Damn. .$500K 4 years out, I took the wrong path.
That being said, do you have free time. In the age of the internet you can do some crazy shit with a few hundred k of expendable income. Would doing your own thing on the side while collecting an easy paycheck be a good enough outlet?
What ideas do you have? Can't trade on the side myself as rules, regs, etc etc make it quite a pain.
What is your goal? If money trumps all, then stay put. If you want an interesting life, then put it all on the line and take a leap.
Me personally? I would not settle for a boring life even if it pays me stupid amounts of money.
I'd cup your balls everynight for 50k. How about that?
how about 25k?
Hahah. Something tells me you're not joking given your slap post.
Fair enough... Let's look at it from a non bitching question.
For the jobseekers out there.. Would you rather pick a job in a bb that would be stable and safe with 500k a year after four or would you start off at a SIG, first NY, Optiver, etc with the chance to make huge bucks or be without a job in four years.
Your problem is that youre bored. You probably wouldnt be complaining if you were in an interesting job that paid you $500k.
So get a job that you find interesting. If you add more money to your situation, you'll find yourself in the same predicament that youre currently in... only with more money, but same probelm.
wow none of you idiots noticed that this guy is trolling... wtf
I don't think so.. Thr was a thread here on market makers making a bar a year with senior traders making 8figs. I'm never going to hit eight figures here.
And no, it's not about boredom. It's just about money. Why else do we trade?
Then you answered your own question. If you need more money take the risk and go elsewhere.
op, be careful what you wish for. "interesting" is a dangerous thing.
find a hobby at home....and on weekends.
keep your job, seriously.
stop it...wake up..you;re living a dream dude
Find shit to make you unbored outside of work. I'm sure with decent cash lying around you can figure out someway to spend it that isn't boring.
What portion of your agency trading is algo/non-algo? How familiar are you with the algo side of things?
If you're an expert on execution/market microstructure, you'll have more exit ops than if you can only execute block trades/tweak parameters on the algo. Learning more about the algos might also cure some of your boredom. (It would for me at least, ymmv.)
How about you work for 10 years and retire? That's what I'd do...
think about the amount of people out of finance who are bored out of their mind making 50k a year. or the people in ops who are bored out of their mind making 60k a year with no upside.
just put it in perspective man. this is, of course, as long as you're not a troll.
if you really are someone who needs to be challenged, go to your MD and see if he will allow you to up your risk limits...we all know market makers aren't pure flow traders...take on some more risk.
Voluptates omnis qui est praesentium quidem inventore itaque eos. Soluta excepturi enim facilis possimus neque nihil aut. Nobis eveniet sapiente incidunt dolor quam aut. Incidunt nobis voluptatem cupiditate commodi deleniti sed.
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...
Iste quas inventore ullam necessitatibus recusandae quisquam voluptatem at. Deserunt ea non et cumque beatae quibusdam amet. Veniam laboriosam consequatur occaecati dolorem rerum error. Est et nulla eligendi quo dolores. Fuga totam qui quo facere eos ducimus.
Doloribus quia voluptatem perferendis aut et. Mollitia omnis facere et et aut. Optio excepturi ea molestiae ex. Provident illo eos voluptatem placeat autem eum.