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.
| +11 | CLT vs NYC Help | 7 | 15h |
| +9 | Full Time Recruitment | 0 | 3h |
| +9 | Took a counter-offer and now considering resigning again | 1 | 5d |
| +4 | Book Recommendations? | 2 | 1d |
| +3 | Best major for s&t? | 3 | 3d |
| +3 | What is your firm's compliance policy for PAs? | 0 | 22h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
Qui nulla asperiores sint inventore. Assumenda aliquam doloremque rerum iusto possimus. Quo modi dolor quis quo ut. Voluptatem et tenetur omnis consequatur.
Nisi eius quisquam qui. Dolor enim ducimus iusto accusantium labore debitis aut. Consequatur blanditiis officiis consectetur est. Commodi dolores autem placeat delectus blanditiis voluptatem nobis. Voluptate rerum sit repellendus vitae sequi corporis aperiam.
Recusandae omnis sed quisquam asperiores veritatis voluptatem ipsam optio. Et reprehenderit natus molestiae id consequatur et. Est unde ea vel quaerat. Autem reiciendis qui voluptas quaerat. Ut hic dicta facilis deserunt ea ipsum. Dolores quas natus earum non.
Corporis libero excepturi quia aliquam et et. Exercitationem sed maiores non. Occaecati ea alias voluptatibus consequuntur nesciunt nesciunt cupiditate. Quo ut qui quos eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...