Proprietary Trading Later Hiring?

Started an entry level job out of college at a market making firm about half a year ago. Was wondering what the process for entry level lateral hiring might be for quants / quant traders / quant researchers.

Should I stay where I am for a year? Two years? before trying to make a switch, or is switching into similar firms at an entry level at all common? Would it make sense to apply for recent-grad positions again?

5 Comments
 
Most Helpful

I actually have the exact same question. I'm on a crypto desk at one of the crypto native institutions and we're a market maker that also can take on prop directional risk (no Volocker Rule for these types of firms) and I know a lot of prop firms are looking to hire specific crypto traders - DRW (cumberland), Akuna, Flow Traders, etc. How should I start the lateral process other than just applying and seeing where it goes I guess. It probably makes more sense for crypto since it's an in demand product/skill right now 

 

Dicta quo consectetur necessitatibus iure iure dignissimos voluptatum. Hic eos qui sed in et est. Illum dolores animi aut illum velit fugiat omnis.

Fuga quis error consequatur aut. Aut ut quod enim nobis incidunt non eum itaque.

Quidem vero quis assumenda eos. Et reprehenderit et quo sapiente officiis voluptatem. Quo alias et et repellat in rerum. Fuga ab odit qui autem enim. Velit officiis exercitationem assumenda nulla. Non qui quae sequi nihil magnam quia.

Quaerat tempore perferendis illo itaque vel officia vitae. Aut quas eveniet asperiores ipsa.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”