Trading to management?
Former CEO of Lehman Brothers, Dick Fuld, started out in the bullpen, yet, a quick search of WSO would suggest that trading hierarchy is unapologetically flat. How does one go from trading to managing traders and reaching the upper levels of a company?
Bumpbumpbumpitybumpbump
lloyd blankfein and Gary Cohn were both in trading
So how were they able to go into management? Is it the typical analyst(executive) director
you might just be the first person on this board whos inquiring about "management"....
it is not even remotely common, and not something you should plan on. you are much more likely to start a successful hedge fund than become a c level exec at a bank.
I realize it's hard to make c-suite with any background. But are there people in trading who don't just stay traders?
From looking at some of the people on my bank's floor, I think it might go something like MD-->Head of Desk (So head of Rates trading or something)-->Head of US Division (eg: Head of US Fixed Income trading)--> Head of Global Division-->Some sort of upper level management position close to the CEO(such as COO or vice pres or whatever)-->CEO. Just my guess though
It's a tough climb, but so is every c-suite job in a bank. VP -> MD -> Head of region for that asset class -> Global Head of Asset class -> Head of S&T division of said bank (gives a position in the leadership group) -> Some kind of C-suite job (Might skip this step) -> CEO
Hell, in my bank there are guys making more money in the salesforce or as a trader than everyone above them.
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