Any legit prop trading shops hiring at this time?
Hi fellow monkeys, it seems some reputable prop trading shops are still hiring entry level traders/trading assistants on their websites, I've applied a few(jsc, drw, first ny) and haven't heard anything back from them yet. I will follow up w/ them this week but I'm not sure if they are really hiring or just having a database created on the website without actual hiring? The size of these prop trading shops aren't that big so I assume they don't really need someone right away to fill certain positions. But unlike investment banks, they can make hiring decisions all year round (correct me if I'm wrong). Any inside information about hiring will be appreciated.
You are mostly wrong, but exceptions are made if you have a VERY strong resume(MIT, Harvard, Stanford with great grades/STEM/internships), of course. They have two main hiring periods, Sept-Nov and Jan-March. Since they want to start everyone at the same time(summer) and possibly do group superdays.
For the most part, you need to go to one of their target schools and apply VIA your schools website when they have the link available to apply. The big shops will also be going to your career fair as well where you can find out more information about them.
Just like any business, if you got outstanding credentials, exceptions are made. If you got a great track record they will add you even potentially if they are going through tough time. Which at least one of those firms currently is going through. That being said their hiring process similar like BB in that there is structure to the process
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