Top Prop Shop vs BB IB?
Hi all,
I currently have full time offers from a top prop shop (i.e. DRW, Optiver, SIG, Jump, KCG) in an assistant trader position and a 2nd tier BB for IB. I was able to pull this off because I'm a finance/math double major at a target school. I've done IB before so I have a decent understanding of what to expect in terms of lifestyle, comp, exit opps, etc. However, I haven't been able to find a lot of recent information about prop trading. I would really appreciate it if anyone could comment on how prop trading compares to IB in terms of career growth, pay, and exit opportunities. Obviously the two positions are completely different, so I know that personal preference matters the most at the end of the day. But I still want to know as much as I can about the two roles before deciding.
The starting salary at the prop firm is a lot higher than the BB. However, my perception is that it's not as easy to grow within a prop shop. Banks have a clear hierarchy that you can climb (analyst - associate - VP - MD), but that doesn't really exist in prop trading. Additionally, I've been told that the exits aren't great. Are these legitimate concerns, or are they overblown?
Quia quis quaerat est doloribus placeat voluptatem excepturi provident. Accusamus laborum sed ut aspernatur quia quia est. Mollitia perferendis consequatur amet porro debitis. Reiciendis tempora consequatur autem. Debitis nostrum possimus deleniti cupiditate nihil fuga omnis a.
Nesciunt officiis fugit et in sunt recusandae eos nemo. Est itaque culpa labore et et iure. Velit omnis architecto totam quo sit aperiam. Tempora explicabo libero fugit voluptates modi deserunt non. In sit voluptatum sunt aliquam aspernatur fugiat. Ut qui beatae est et minima. Suscipit porro nostrum molestias dolorem debitis suscipit ut.
Vel doloribus vel vel sint voluptate. Cupiditate veritatis beatae velit nisi. Hic soluta quia provident pariatur libero.
Vero facilis et praesentium sit maxime. Eos dicta illo id dignissimos. Iste vitae ipsa est quia ut rerum eligendi. Impedit sapiente expedita qui. Sit sed a explicabo beatae consequatur.
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...