I'm sure it's been asked before, but how much more do Traders make than sales guys at BB banks? I'm starting off full time right now, and have a choice. I've always wanted to do trading, but it's a rough environment right now, and not many trading desks are hiring but a few interesting sales ones are. I wanted to know what the average compensation difference is down the road, say in 5 years or so. I've heard traders make more, but there are more ups and downs. Anyone with any real information please respond. Thanks in advance.
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Hi, I know for example that a derivatives trader can get something in between of 2 and 6 million € in bonus per year.
Just my two cents...
times are a changing. who knows what next month will bring!
tipically, traders get their bonuses paid in stocks of the bank they work for. AND they get their stocks after three years (the equivalent in stock at market prices at that moment of the bonus they earned three years before). Go ask guys at Lehman what they think of this... PLUS, if a trader wants to quit, he looses the bonuses that have not been paid to him yet..
Yeah, I understand that, I work on a trading desk now and thinking about switching to sales since i think bonuses might be less in the future. I'm just wondering if anyone has like a ratio of how much more they make later on. Tough call on my part. Also, what are the exit ops from a structured products sales role, besides another BB sales job?
I don't mean for this to come off badly, but if you work on a trading desk then obtaining this type of information should not take more than a conversation or two with your experienced colleagues.
True, but my desk is getting hit hard right now. Not exactly the best time to talk about bonuses. Plus, out of 6 traders and me, 5 are MD's, so it's pretty senior, I'm wondering about on the way up as well.
Since the deal flow is drying up, flow desk bonuses will suffer, but so will market makers or prop trading ones... But I hope you don't believe that IB, broker, consulting, PE, VC or sales bonuses are at an all time high right now...
If I were you, I would rather pick my career based on my likes and skills, rather than solely on earnings. Sales and trading demand very different approaches.
impossible to predict at this point, future of the industry is so unknown and everyone is getting hammered right now. did people even THINK about counter party risk before??
Credit risk analysis has existed for a while now! (for example, how long have rating agencies been around?)
Another issue is the accuracy of the measurement, or how limits are enforced by traders...
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