Not sure how to get a real trading seat

To keep it short, I graduated from a great college, I had an internship at a bulge bracket on their trading floor but I didn't put in the effort to convert it to a full time offer.

Now, I work for what's essentially a small bucket shop helping out traders with labor intensive tasks they don't want to do. I know I can succeed if given the right seat but I also know this company isn't right for me.

I am about to hit my 1 year mark and I passed my level 1 CFA exam. I just don't know how to get out of here and I'm very nervous - I feel like I wasted my opportunity to succeed in this space - could someone give me some help?

2 Comments
 

Based on the most helpful WSO content, here are some actionable steps to help you transition to a real trading seat:

  1. Leverage Your Network:

    • Reconnect with contacts from your internship at the bulge bracket. They might have insights or opportunities that aren't publicly advertised.
    • Attend industry events, webinars, and networking sessions to meet professionals in the trading space.
  2. Highlight Your CFA Progress:

    • Passing Level 1 of the CFA exam is a significant achievement. Make sure to highlight this on your resume and LinkedIn profile. It shows your commitment to the finance industry and your analytical skills.
  3. Refine Your Story:

    • Craft a compelling narrative about your journey. Emphasize your experience on the trading floor during your internship and your current role's relevance. Be honest about your desire to move into a more fitting position.
  4. Target the Right Firms:

    • Research firms that are known for hiring junior traders. Look for boutique firms, hedge funds, or proprietary trading firms that might value your unique background and skills.
  5. Prepare for Interviews:

    • Practice common trading interview questions and scenarios. Be ready to discuss market trends, your trading strategies, and how you handle risk.
  6. Stay Persistent:

    • The job market can be tough, but persistence is key. Keep applying, networking, and improving your skills. Consider reaching out to recruiters who specialize in trading roles.

Remember, many professionals have faced setbacks and still found success. Use your current role as a stepping stone and keep pushing forward.

Sources: Running out of time and options in a big, big way; have no idea what to do; losing my mind, I'm so lost, Help me I'm (mentally) dying, Please Advise: Never-Ending Job Hunt, Would appreciate some advice

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