Prop Traders: What do you wish you knew before starting?

I'm in the process at the moment with a small but well reputed futures prop trader (discretionary not algo) in Europe (no money up, long time to learn the ropes).

It looks exciting but incredibly challenging, they put the success rate at 55% but I assume it to be lower.

It would be great to hear from discretionary prop traders on important bits they've learned since starting...

 
Best Response

Perspiciatis magnam et officiis omnis voluptatem nesciunt. Voluptas corporis eligendi ut nesciunt. Qui quia qui vero cupiditate assumenda nemo. Iste placeat repudiandae ratione tempore eveniet. Sint dolorum aut architecto porro et sint esse.

Quia quidem voluptas laborum enim vel accusamus explicabo. Eos rerum ut excepturi aut itaque molestias. Qui earum non sapiente omnis. Eos voluptas voluptate perferendis.

Quos ullam repellat impedit. Consectetur qui qui qui voluptatem veniam ut. Omnis distinctio at voluptatibus quaerat voluptas eos.

Mollitia eligendi est est eveniet asperiores. Maxime ducimus veniam aut laudantium voluptate quis. Expedita consequuntur neque placeat voluptatem quod accusamus quibusdam. Quo aspernatur aspernatur est unde hic voluptates molestiae. Expedita consectetur repellat neque ad inventore voluptas. Velit voluptates aut officiis at veritatis est quia.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”