Help - New to the space, is this legit?
Hi Everyone,
Sorry in advance for any stupid comments, but as the title suggests this is a space I'm not very familiar with. I was just approached by a company's internal recruiter, and offered the opportunity to interview for a position called a "Capital Asset Trader". The job description was very forward, and in line with the company's glassdoor profile, in that it offers a decent salary and between $150K - $250K in cash bonuses paid throughout the year for typical first year traders.
The recruiter also clarified that they were looking for a new trader and put all successful hires through a rigorous training program; and further marketed the opportunity as something my background would likely provide a favorable learning curve for.
I should also note this opportunity would require me to move, but if this is serious then I obviously would. I don't want to move and be stranded out somewhere new for a job that was poorly marketed and be a victim of my own ignorance.
Anyway... being totally naïve to the space: does this type of offer and money seem normal for traders, (trading real assets in the semi conductor space if it matters)? Hours outlined as 9AM to 9PM covering international markets, which from my miniscule knowledge base, also seems typical if that maybe adds to the legitimacy of the offer from any of the vets in the forum? Or is this one of those things that if it's too good to be true, it's likely not what it seems? Is the money generally good but maybe over stated in an attempt to sell me on the position? Is working with real assets more or less attractive than working with traditional securities? What are the exit ops like?
Happy to provide more info if it helps. Thank you in advance!
Generally speaking if you are quoted a salary before showing your own interest it is too good to be true. Also, of similar companies that have rigorous training programs they tend to pay the least because they believe you are a somewhat risky asset OR not everyone may make the cut.
If your background is in consulting that makes it even more hard to believe that they would necessarily reach out to you in the first place. The industry for prop trading has shifted very much towards higher base instead of PnL so this also doesn't add up.
I may be wrong but I am highly doubtful of this opportunity. If you wish, you can PM me.
The same thing just happened to me today. What was your experience with them? Are they legitimate? Did you interview?
"rigorous training programs" typically means, you will have to pay for the training...this sounds like SMB and T3 type marketing....run away as fast as you can
Stay away from CAE, just read the reviews on glassdoor or google their management team. It doesn't seem like a great place to work.
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