what qualifications are needed to become a prop trader when you already have experience?

I've been a retail trader for a little over 2 years, and have found consistent profitability through trading shares. My goal is to do this independently long term, and quit my engineering job. At this point, I don't feel quite comfortable doing that because I'm not currently making enough in trading to replace my engineering salary, and haven't really been profitable for that long. But I feel I can bolster my skill by immersing in an environment where you can learn from experienced traders who actually do this for a living.

I realize there is a spectrum of prop shops ranging from those that offer a base salary and on the job training, to ones that make you pay for expensive education and kick you out if you lose money. But at this point, I've decided I'm in this for the long haul and it's a life long skill. So I want to do anything I can to accelerate this process, and spend less time doing engineer, which tbh feels like a waste of time.

I met a guy who works at a prop trading firm who says they have very high standards for those who come in and already have experience. So i'm wondering what kind of qualities or qualifications do we need to get into these prop firms, and not only that, but also survive it? I've also listened to a podcast from a guy who said their firm only retain 12% of their traders. that's pretty close to the success rate of retail traders. Are these guys who are fresh out of college or people who already have experience, but burn out because they can't handle the pressure?

1 Comments
 

Eius molestiae quia recusandae autem et ipsa. Rerum nisi qui non. Quia nam quasi aspernatur voluptas. Repellat et quo animi molestiae repellat enim quos facere. Fuga aut sed similique doloremque sed nisi. Et tempore sit dolorem nihil.

Nihil dolorem iusto nobis vel occaecati laboriosam. Quae ut deleniti blanditiis sed quis rerum facere. Enim aut consectetur exercitationem reiciendis blanditiis ut. Consectetur rerum qui voluptatem voluptatem laudantium molestiae. Adipisci in est est nobis voluptas voluptatem. Reprehenderit qui et consequatur aut tenetur iusto. Ut exercitationem delectus in ab.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (27) $183
  • Intern/Summer Associate (15) $159
  • 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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”