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April 30, 2024
9 Free Financial Modeling Lessons
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That is like asking what the average salary of a guy working in finance is
It doesn't just depend on product, it depends on size of position, risk taken, type of trading etc.
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You should read "The Most Important Thing" by Howard Marks. It's great to put a dollar amount on things, after all, this is the money business, but I think you need to understand risk adjusted return.
VAR homey VAR
Daily PnL varies tremendously by desk and by trader since not everyone has the same limits.
I knew i was going to get shit with such a question ! I meant a P/L with a flat book at the end of each day.
However, even in a context such as you describe it will depend on the risk limits a group like this is given.
Don't think any trader in a BB will have a flat book at the end of each day. Maybe a very junior govie trader.... . For a junior in flow credit I would say daily PnL vol can be [-250k;+250k].
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