Prop trader vs. BB Trader
Hello All - So I recently received two offers, one to be a trader in a prop firm (think the following tiers :Wolverine, Belvedere, Group One), and the other in a mid tier Bulge Bracket ( think BOA,, ). The salaries are slightly comparable, but the BB one is slightly higher. Prop firm is obviously in Chicago, and the other one in NYC, so accounting for COL, I would probably make more money in the Prop firm. Wanted to get all of your thoughts/insights onto what I should keep in mind when making the decision.
Also as a side note do you happen to know the average bonus (discretionary bonus) for a trader in a BB?