Power trading
Quick question for any graduate power traders out there: how much do you guys make yearly? Base and bonus?
I know, it depends heavily on company and a myriad of other factors. Just asking for general numbers. Heard something from a friend of mine working at a power trading company in London, claimed to be making mid 6 figs £ all in comp in his first year out of undergrad. Sounded a bit inflated to me but just wondering if anyone has general info on what the pay is like in the biz for juniors, fresh out of uni
Many thanks to anyone with info, would be highly appreciated (thinking of making the move if the money is really potentially that great...)
And by mid 6 figs, i mean like £350-400k... Just seemed too good to be true to me
It's possible. Must have landed on a desk that killed it and got lucky with bonus cause that is not at all the norm, but I have heard it happening before. Most entry level spots will be closer to 75-100k
For 5-10 years into a career what can you make, 7 figures is definitely possible if you are good.
Recently when through the interview process. Bases offered were between 70-80K USD.Told a realistic bonus to expect would be around 20K. Too early to tell what that would really be though.
Yes, that’s the range I made in my first year but it was a good year and at a spec shop. My second year was lower but still decent ~250k. I expect higher than my 1st year this year
Most of the previous commenters are correct.
Started off on a RT Power Desk for one of the larger firms. Got 105k + 57k bonus
Now I am a Director making 500k+ so I mean the money is there. You just gotta be patient if you wanna switch. I switched to energy from Fixed Income Trading. It was hard initially, but I think it was worth it.
(I leave in the Southern US, so COL is much lower)
Was that 160k figure for your first year in RT?
Yes it was. The average salary on the desk was 105-110 first year. And bonuses were expected between 50-100% but that isn’t the norm. 15-30% is more typical.
why’d you switch from energy to fixed income?
i’m currently interning in bb credit trading and weighing my options, bb s&t, commods or hf.. any advice?
not impossible but def have to be in right seat on right desk in right year.... which can happen.....
bb $180k base + $20k bonus (shitty af bonus). I quit as a result
Which BB does RT?
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