I'm a junior trader at a well-known prop shop. Our firm is doing very well this year as a whole but the desk I'm on (a newer desk) is suffering in terms of PnL. For the more experienced people in this industry - how does this trade-off look between overall firm PnL against desk PnL when determining end of year bonus for a more junior trader? I know this obviously varies by firm, but would appreciate some anecdotal evidence of what's happened in the past.
Trending Content - Sales and Trading Forum
Career Resources
Hi new grad trader, any of these topics helpful:
Hope that helps.
have very low expectations...and expect to be dissapointed even more
You are basically useless... Accept whatever bone they throw at you with a smile, and wait for your time.
Completely depends on the firm. Optiver, for example, has a bonus structure based on the profits of the firm as a whole, while many other firms have bonus structures that are much more tied to the performance of the desk/individual.
Alias qui quod odio dicta amet. Odit ut eius omnis at nostrum soluta velit cumque. Velit autem dolorum unde nulla inventore.
Totam dolor excepturi fuga iusto quis possimus ut. Qui consequatur repellendus accusantium doloribus perferendis accusantium dolorem. Quis aut optio voluptatibus quia vitae quis. Cupiditate minima et consectetur minima quia ab dolorum cupiditate.
Ipsum sequi nesciunt ullam tempore assumenda fuga. Neque enim dolorum possimus nostrum est laboriosam. Ut voluptatem deleniti qui saepe cum officiis.
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...