Career development and planning, for traders

What are the most important goals for a new analyst on a trading desk over the course of the first 2-3 years? This is assuming that one wants to keep as many doors open as possible, especially internal advancement (but perhaps hedge funds as well). I'm thinking along the lines of whether to:

  • specialise and learn something so well that you become an expert on a particular product or structure as soon as possible; or

  • do whatever you need to do to build the best P&L possible, no matter what the product; or

  • build a broad base of knowledge across products, structures and industries. Jack of all trades (but master of none) for the first couple of years, then specialise later; or

  • take things as they come, and do whatever you enjoy doing and are good at doing (even if it's an area with little long term upside); or

  • focus on being ranked above all the other analysts on the desk, regardless of what you are actually doing day to day.

For the guys already working, what is/was your gameplan? What do you recommend?

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