Possibility of becoming a trader in ST as a rising junior?

Hey yall,

Im a rising junior majoring in math in a semi target state school mostly known for IB recruiting. I was originally on the pre health track and never put too much attention in the financial industry. Well I realized by the end of second year that medicine wasn’t my route. I was thinking on pivoting towards finance since I always found my dad’s work with the ST team interesting (he works as a risk quant in another country). For any of yall who got into trading way after the recruiting cycle, how did you do it? And is it realistic to find a trading job? I have gotten a few advice mostly from my friends who are IB interns about making a trade portfolio, getting into smaller trading firms or becoming an internal hire. I was wondering if anyone was willing to share their way of getting into trading and the metrics behind companies hiring cases like mine. 

Thank you.

3 Comments
 

Breaking into Sales & Trading (S&T) as a rising junior from a semi-target school is challenging but not impossible. Based on the most helpful WSO content, here’s a roadmap and advice tailored to your situation:

1. Understand the Learning Curve

  • Trading requires deep knowledge of specific products and markets. Start by choosing a product or market to focus on (e.g., interest rate swaps, crude oil, equities). It takes years to master the fundamentals and nuances of a product, so begin learning now.
  • Learn about the underlying factors that influence pricing, liquidity, derivatives, and market behavior. This foundational knowledge is critical for interviews and internships.

2. Build Relevant Skills

  • Programming & Math: Develop skills in programming (Python, R, or C++) and quantitative analysis. These are essential for risk management and quantitative trading roles.
  • Portfolio Creation: Start a mock or real trading portfolio to demonstrate your interest and ability to analyze markets. Document your trades, strategies, and outcomes to discuss during interviews.
  • Risk Management: Learn about hedging strategies and risk management techniques, as these are crucial for trading roles.

3. Leverage Networking

  • Use your dad’s connections in the industry to gain insights and introductions. Networking is key, especially since you’re coming from a semi-target school.
  • Reach out to alumni from your school who are in trading roles. Be specific about your interest in S&T and ask for advice or informational interviews.

4. Target Smaller Firms

  • Smaller trading firms or proprietary trading shops may have less rigid recruiting cycles compared to bulge bracket banks. These firms often value passion, skills, and a demonstrated interest in trading over traditional recruiting timelines.
  • Consider applying to rotational programs or internships at these firms to get your foot in the door.

5. Alternative Pathways

  • If you miss the traditional recruiting cycle, consider roles that are adjacent to trading, such as risk quant, research analyst, or middle-office positions. These roles can serve as stepping stones to a trading desk.
  • Pursue a Master’s in Financial Engineering or a similar program if you want to fast-track your way into trading. However, weigh the economic risks of this route carefully.

6. Timeline & Realism

  • Breaking into trading after the traditional recruiting cycle is possible but requires persistence. It may take 1-3 years of building skills and networking to land a trading role.
  • Be prepared for a long-term commitment to learning and growth. Many successful traders took non-linear paths to get where they are.

7. Metrics Behind Hiring

  • Companies look for candidates with strong quantitative skills, a demonstrated interest in markets, and the ability to think critically under pressure.
  • Highlight your math background, any trading experience (even personal), and your ability to learn quickly. These traits can help you stand out.

By focusing on these steps and leveraging your unique background, you can position yourself as a strong candidate for trading roles. Keep learning, networking, and applying strategically!

Sources: Transitioning from tech to a serious finance job (yes, you read that right), I'm Trying to get into Prop-Trading From a Non-Target School

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

I'm the same year as you and haven't gone through the process so take this with a grain of salt, but I did lots of coffee chats with ppl in S&T. One person in particular who I chatted with that didn't intern her JR->SR summer passed CFA level 1 right after junior summer going into her SR yr and had an asset management role JR summer and was able to get in full-time interviews and land a spot that way. CFA lvl 1 is 300 hrs of studying ish but if you are really serious about it, it's a great way to prep for interviews and show you're technically capable. A fair number of firms recruit full time for S&T I believe. Starting your own portfolio and having a genuine strategy could help w/ resume but lots of people do that, you won't exactly stand out. Since you're a math major, if you have a good GPA and a referral and some sort of finance experience on your resume you should be able to land a few interviews during full-time recruitment. 

 

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