Are prop firms that don't have salaries, don't have and capital contribution, a bad place to start trading, if, say, your living at home post graduation?
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for example,
http://www.mavericktrading.com/index.php
its less legitimate. high desk fees. thats why companies with base salary for training are more legitimate.
it is seriously not a good idea to even ever get into this type of thing
pm me for more details
There are prop firms that offer salaries to their employees. Jane Street, DRW, FNYS for example. These firms are all top tier prop firms. It's not surprising to see graduates turn down top BBs for prop firms, simply because you get a lot more exposure/experience. These firms are usually very hard to get into, unless you know someone on the inside.
Jane Street, DRW, FNY- I assume all these firms are harder to get into, then say an average MM for IBD or ER.
Therefore, if one cannot get into these firms- what would you suggest? Trade on your own account and keep records? Then what? Pursue an advanced degree? I feel like even HBS grads have trouble breaking into trading?
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