Head of trading group or its star trader - Who takes home more $$
had this debate with a guy in office today.. who take home more $$... head of a trading group or its more profitable trader..
i say the trader
had this debate with a guy in office today.. who take home more $$... head of a trading group or its more profitable trader..
i say the trader
Career Resources
Not sure... But I believe the most profitable trader takes home the most $$$
I agree with you. Just as the president is not the richest person in the country, the head of trading group might not be richer than star traders...
The group head has more guaranteed comp, so if the most profitable trader brought in $1, the group head would get more. However, in most situations it's the most profitable trader that earns the most.
If the most profitable trader in a group made $1, the entire group would be fired.
It's a completely different comp structure. The Group Head has a much higher base so he can basically suck at life for a good 2 years, make at least 1M until he gets canned. As stated above, prop trader has a lower base and alot more pressure because if he has a couple suck weeks, one day his I.D. won't let him get to the elevators.
Star trader.
Then again, the biggest earner is probably the guy who is both (I've seen it happen).
if the head guy is smart, he'll pay the trader more
the way I see it.. you pay the trader making the money and you keep your management job and cont to get paid. for having the trader
is this wrong?
Jimbo nailed it
Out of curiosity, how does a trading group work? What's the role of the head trader beyond managing the other traders?
Similique deserunt enim reiciendis sint esse. At occaecati blanditiis error consectetur facere qui expedita libero. Doloribus qui maxime vel aut deleniti. Incidunt ut repudiandae libero recusandae.
Laboriosam illum molestiae qui iusto fuga. Qui minus error sed ipsa. Nam quod pariatur itaque quia maxime necessitatibus.
Sunt est perferendis corporis aperiam aut. Ut qui officiis et aliquid et. Quo in odit aut harum. Et quia neque iure dolores omnis aut dolore hic. Animi in nemo voluptatem repudiandae facilis. Necessitatibus earum temporibus nesciunt aliquam ipsum dignissimos aperiam dolorem.
Laboriosam soluta mollitia possimus ipsa minus modi temporibus autem. Nesciunt ut earum voluptatem est neque occaecati. Qui numquam velit repudiandae ad doloremque iure. Repellat quae vel sunt. Assumenda ad tempore beatae sapiente.
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...