How Stressful and Boring is S&T?
I'm thinking about breaking into finance but first discovering what role/s would suit me best. I recently had to leave my job working the night shift as the stress was unbearable and my health was suffering from it. I had and still have hopes of one day giving a financial role a shot, but the more I read the more I see just how stressful the jobs can be. I cannot do those kinds of hours coming from my prev. experience. So I'm weighing the opportunities.
Trading and equity research seem to peak my interest. For ER, I hear that the hours aren't so bad during maintenance i.e. before earnings, but during earnings the hours can be upwards of 100+ which is a no go for me, unfortunately. I say unfortunately because I find the the research that goes into investment picks quite interesting. 'sigh'
I've always been interested in trading, but the stress seems high in a different way. Yeah the hours are not so bad, but you're in a high pressure environment most of the time, which keeps you on edge. I don't know if this kind of stress effects the body differently than working long hours (net better?), but I'd like to hear from those who are in S&T, who do this kind of work.
Also, I'd like to ask those who are in S&T, about the nature of their work and day-to-day. What specifically do you do? Market making? Agency trading, prop? I ask because I wonder if market making and or taking trades on behalf of clients ever becomes repetitive and monotonous after a while, reducing job satisfaction. I was primarily drawn to trading in a prop role, because of the higher freedom for the trader on everything from strategy, execution, instruments to trade, etc.. I wonder ever since the Dodd-Frank rule banning prop trading at banks, that trading at banks has become less intellectually stimulating.
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Mix of market making, agency and prop depending on desk. Dodd-frank doesnt apply to FX/rates, so those guys prop trade all day long. Stress level depends very heavily on desk. There are some non-flow desks which feel more like banking, but if you're a long-end rates trader you're going to be on edge for the 8am-5pm that you're sitting at the desk and fully dialed in
I am a finance major. Can I get into rates/fx trading? What math/coding is required?
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