Career Path of a Trader

katie3000's picture
Rank: Monkey | 34

Besides other trading positions, portfolio management, and sales roles, what are other exit opportunities for traders?

Can a trader move into ibd, equity research, or private equity?

Comments (15)

Sep 2, 2008

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.

Sep 2, 2008

Would a Portfolio Manager have more exit opportunities than a Trader?

Sep 3, 2008
lbuckley:

Would a Portfolio Manager have more exit opportunities than a Trader?

Both have excellent potential to lead to full-time careers in golf-playing, captaining sail boats, and test-driving Ferraris.

Seriously, WTF is wrong with you? Engage brain before exercising fingers.

Sep 3, 2008

What about exit opportunities skiing in Switzerland?

Mar 8, 2009
katie3000:

Besides other trading positions, portfolio management, and sales roles, what are other exit opportunities for traders?

Can a trader move into ibd, equity research, or private equity?

I might add traders, depending on their product (credit derivatives, equity derivatives, and so forth), can become interdealer brokers.

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Mar 8, 2009

Don't want to stay at your BB? I think your best exit opps would be either hedge funds or prop shops.

Mar 8, 2009

Typical exit opps for cash equity sales trading: driving a cab, bouncer at a nightclub (assuming you're a big Italian dude), food trucks, male gigolo.

Typical exit opps for fixed income/currency derivatives/exotics, etc.: top b-schools, macro hedge funds, other BB trading desks.

Mar 8, 2009
mbavsmfin:

Typical exit opps for cash equity sales trading: driving a cab, bouncer at a nightclub (assuming you're a big Italian dude), food trucks, male gigolo.

Typical exit opps for fixed income/currency derivatives/exotics, etc.: top b-schools, macro hedge funds, other BB trading desks.

lol FICC ftw I guess.

Mar 8, 2009
mbavsmfin:

Typical exit opps for cash equity sales trading: driving a cab, bouncer at a nightclub (assuming you're a big Italian dude), food trucks, male gigolo.

Typical exit opps for fixed income/currency derivatives/exotics, etc.: top b-schools, macro hedge funds, other BB trading desks.

Only top b-school there is = HBS.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

Mar 8, 2009

"Sales trader" is a sales position and thus they can go to another sales position (e.g. structuring, derivs, different asset) or in rare cases to a trader position.

Mar 8, 2009

thank you

what about research? as a sales trader, you monitor markets and keep clients updated, right? so if you already have some knowledge on markets, cant you switch to investment research? i mean, ofc you will have to learn all the research tools and so on. but having some sales trading experience might be beneficial, right?

Mar 8, 2009
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