Bonuses at top prop shops
I'm considering making the switch from AM to a top propriety trading firm, while I know the base pay at most of these shops, does anyone have any word on the bonus #'s at a palce like SIG/DRW/FNYS? Also, i'm iffy on trillium cause there low base and living in nyc is expensive, but do they offer a competitive bonus?
Thanks
Um, the bonus is performance based. So the numbers are all over the place
Trillium offers a base salary of $500 per week in NYC. This salary is for one year, or until you make $100K. After that the salary is gone and it is purely P&L based.
Your bonus at Trillium is completely dependent on your performance (ie nothing is guaranteed. Therefore I would avoid Trillium if at all possible considering you can get a proper $50-80K base salary at the better prop. shops such as SIG/DRW/FNYS in addition to better training and huge bonuses also dependent on your P&L.
Thanks guys,
I understand the salary, but for the 18 months-24 months of the training program, when you're not responsible for your own P&L, do you receive a bonus (at SIG?DRW?FNYS) ?
Yes you would receive a descretionary bonus at SIG DRW FNYS while in the training programs and not trading your own book.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Does anyone know the typical size of this discretionary bonus at places like SIG and DRW?
i would like to know as well. how well does SIG and DRW pay?
I have a friend who works (less than 5 yrs)at one of the reputable prop firms in NYC. Her/His bonus numbers were amazing.
Think 6-7 figures.
how about the discretionary bonuses during assistant trader programs or when in training?
Only non-6 figure bonus was stub (1st 6mo) bonus.
Sed consectetur magnam et qui voluptatem totam fugit. Omnis debitis fugit quis eos et molestiae. Animi ea minus accusantium aut ut sed voluptatem. Quidem eius et doloremque dolorem. Sit id unde saepe necessitatibus voluptates qui quo. Voluptatem sit sit id illum sed adipisci ipsam inventore.
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...