Prop Trading offers question
Hey guys,
I'm looking for some advice. Recruitment has wrapped up for me and I'm looking at 3 (with a slim chance for 4) offers in Chicago.
They are at:
Optiver Trading, Group 1 Trading, and Belvedere Trading. The slim chance is for a trading position at Citadel.
I was hoping to get some thoughts from you guys as I choose. Optiver and Group 1 have been talked about a bit on these boards I know. Belvedere is a newer and smaller place, but still a derivatives market maker. I worked there last fall (2007) and they gave me a full time offer from that experience. I definitely enjoyed working there and they have grown quite a bit since I was there, beginning to trade a number of new products. However, they don't have the name that Optiver or Group 1 carries. But my previous experience there would help in getting me going faster.
Anyway, I was mostly just looking to hear some thoughts on smaller/newer vs. larger/established shops and if anyone has any advice over what to consider. Also, if the Citadel offer were to come through, any thoughts on that?
Thanks
You may want to consider how long the "training" programs are at some of these firms. Such as Belvedere, it's ~3yrs, whereas somewhere like DRW is 1 year and you move into a trader position or dont.
But if you like a certain group go for it, as long as its reputable, which all of ones you mentioned are.
citadel > optiver, belvedere > g1.
truth is you can go anywhere from Citadel. Optiver cuts a massive number every year and they dont teach you much. i dont know much about belvedere, but if they are willing to invest a lot in you, then that i would take them over Optiver. ive heard g1 is not well run.
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