Prop Trading (MM) v.s. BB Sales and Trading
Undergrad here weighing between(Chicago top-tier options MM) and S&T in NYC. I previously thought I wanted to go into prop due to the entry level aspects of quant trading, but recently I began considering long term prospects and it seems to me that BB S&T provides greater flexibility and potential, though it comes with a ~40% cut in base pay compared to prop trading. I can't really imagine myself doing options MM forever, which seems like the case for prop trading.
I do not have to necessarily commit to one over the other at this stage, just wanted to hear some thoughts on the topic. I am particularly interested in understanding more about long-term salary and progression prospects, exit opportunities, stability and lifestyle (Chicago vs NYC).