Help a clueless undergrad weigh 2 offers: AllianceBernstein vs Ronin Capital
Hi,
I'm currently a senior at a semi-target majoring in Math/CS. Little late to the party but after a long search, finally received two offers, albeit pretty different roles from these firms.
From my limited understanding, Ronin is a pure prop trading firm and the route I'd be undertaking would be working as TA for a couple years and eventually run my own book. Salary's been on the lower side than what I expected but I was told bonus is pretty significant.
OTOH, I have AB, a very reputable asset management firm backed by a huge corporate structure. Role seems a little less enticing than at Ronin but from what I've gathered, it's a much stable route and I have a ton of exit opportunities (base salary is much higher too).
tldr; Ronin seems like a high risk/high reward opportunity while AB seems like the "safer" play. Bit more interested towards the work at a prop trading firm over a BB/AM but I have zero experience in trading and wouldn't know better. Would appreciate some input.
Edit: For clarity, role at Ronin is Trading Assistant and at AB is Electronic Trader
Tips: if you don’t want to be an execution trader, then don’t join asset management firms. If people in Ronin like you and happy to train you, then no brianer, join Ronin.
Thanks for the feedback. Is Ronin a good shop overall? Only found very few posts on WSO and they were pretty dated. The only other information I could find on them were decent reviews on glassdoor. Pretty excited for the opportunity, just trying to also weigh in long-term implications
Hard to say good or bad, a shop doing well this year may suddenly drop next year. I will say people you meet are more important.
Curious what your interview processes was like at Ronin, I went right to the end last year for the same role and didn’t get it, thought I pretty much nailed it but...must’ve missed something.
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