Fastest path to $1M a year
Quant Trader here, 8 years working in HFs and IBs. Experience has taught me office politics, having an edge, ruthlessness of the markets and domain knowledge.
Four options. Which you think has the highest probability of realising this: I'm on VP pay right now, I want US$1M next year. That's enough for me to live my form of the good life.
- Slog it out in sell-side . 1M a year happens via the usual VP -> D -> MD progression. Bad? I probably see it in another 8 years, best case is 6.
- Leave sell-side, join MM, deal to get 10% of my PnL. Problem? I hit a draw down limit and I'm out. AND my workable strategy is only 1 asset, in and needs proprietary information. That's tough
- Put my cumulative bonus in the public markets. I'm risk adversed by nature and I doubt investing on BBG TOP is gonna beat analysts doing research 50 hours / week.
- Objectively, I'm at top 93% percentile of programmers and quants. I got an idea of a need that can be commoditised. Entrepreneurship on the weekends, get 1k paying customers at 1k a year. There's my 1M
I'm leaning towards one of the four. I would like to hear your comments