How much do entry level traders make in a proprietary trading firm? I know bonus is based on performance so I want to know the range/ditribution.
Do trader's salary/title increase or they're always recognized as "traders"?
Thanks.
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salary increases if they're good. their title might change to "vp" or "md" but in reality you're still a trader, at most a desk head. prop trading is all about merit - get the whole organizational chart/corporate ladder idea out of your head when you're discussing S&T
so how much do they make?
thanks/
How about this: Some don't even get enough to pay for an MTA card after getting fired. Others could buy their own train.
Happy?
At a BB (at least mine) the target payout is 10%, so it all depends on how much you make for the bank.
As always, it depends on many things...
i worked at a small prop / hf for a couple years.
salary = jackshit bonus = 25% of profits after fees
This was a pretty generous structure --- but I was not trading a huge pool of capital.
As was eluded to earlier, prop trading is a results based biz. Salary should be the least of your concerns because if you are not contributing you will be canned.
as for overall pay --- its going to range from literally nothing to hundreds of millions. some of the goldman prop guys have private islands.
Um. Bulge Bracket= 10% of what you make. I believe some guys make like 300 or 400 when they start trading... or they fail and get fired.
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