Things to know when accepting a job at a prop trading shop

Dear All,

So what are your thoughts/criteria you have when deciding if to accept a job at a not so well know prop trading shop?

How is remote trading viewed?

Should I be expecting any fees that I would pay?

Any advice is appreciated.

 

You shouldn't be paying anything and you should, if you are starting out, be receiving a salary if you are working for a legitimate firm. Very few prop firms--probably none in fact--trade remotely unless you have some sort of dedicated server and VPN to the home office. There is way too much risk otherwise.

 

Dude.... every prop is going to give you a bonus or draw based on a % of your PnL, but there is no reputable firm that takes inexperienced people on no salary and has them trade remotely. It is called a scam, especially if you are putting any capital upfront whatsoever. Anything you are providing financially is as good as gone. There is no reputable firm that operates in that fashion and even the stingiest & slimiest of firms offer a clerk's wage or stipend of some kind while you are learning.

 

Ullam quod ullam optio placeat quas. Laudantium iure ea voluptatem tenetur dicta pariatur nulla. Eum labore qui tempore.

Consequuntur et qui ipsa dolores. Officiis laudantium nulla reprehenderit in vitae.

Aut quod quia laudantium dignissimos. Omnis dolorem dolores fugit reiciendis nostrum provident est. Voluptatibus beatae sunt quis rerum incidunt vel atque. Enim nihil aspernatur fugiat mollitia qui enim. Voluptates voluptate iusto quia similique ab accusantium.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”