Bonuses at top prop shops
I'm considering making the switch from AM to a top propriety trading firm, while I know the base pay at most of these shops, does anyone have any word on the bonus #'s at a palce like SIG/DRW/FNYS? Also, i'm iffy on trillium cause there low base and living in nyc is expensive, but do they offer a competitive bonus?
Thanks
Um, the bonus is performance based. So the numbers are all over the place
Trillium offers a base salary of $500 per week in NYC. This salary is for one year, or until you make $100K. After that the salary is gone and it is purely P&L based.
Your bonus at Trillium is completely dependent on your performance (ie nothing is guaranteed. Therefore I would avoid Trillium if at all possible considering you can get a proper $50-80K base salary at the better prop. shops such as SIG/DRW/FNYS in addition to better training and huge bonuses also dependent on your P&L.
Thanks guys,
I understand the salary, but for the 18 months-24 months of the training program, when you're not responsible for your own P&L, do you receive a bonus (at SIG?DRW?FNYS) ?
Yes you would receive a descretionary bonus at SIG DRW FNYS while in the training programs and not trading your own book.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Does anyone know the typical size of this discretionary bonus at places like SIG and DRW?
i would like to know as well. how well does SIG and DRW pay?
I have a friend who works (less than 5 yrs)at one of the reputable prop firms in NYC. Her/His bonus numbers were amazing.
Think 6-7 figures.
how about the discretionary bonuses during assistant trader programs or when in training?
Only non-6 figure bonus was stub (1st 6mo) bonus.
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