Equity Research vs Floor Day Trader
Hi all,
I'm currently working as an equity research analyst job from past 1 year,
I have got an offer to become a floor day trader after ofcourse few weeks of training
Another option that I'm thinking of is whether or not to join ANex advantage program which is for $5K and lets one work on live deal for a few weeks
What experience will look best on resume for getting an interview call at the very least?
Its been one month since I have started applying which I believe is not big enough a time to count out my equity analyst experience
Can all the experienced people throw some light on best alternatives given
- $5K is not a big problem,
- but getting a better job in IB / PE / HF / Equity Research Analyst asap is a priority
Thanks a lot guys,
P.S. Can I really apply for IB positions with ERA work ex?
Yikes. Do a little lurking. Most of those shops that charge you to trade make most of their money by fleecing the little guys and pocketing the cash. Total pyramid scheme. Stay away from there man!
@Monkesama: Thanks for the advice
But you are mistaken by my post, I'm not paying anything to become the floor trader, SMB capital is a reputable firm who has made the offer, so there is no problem on that front,
Now could you throw some light on my main dilemma
Which is the best alternative?
Anex advantage program fees is $5K which has 1 week of training and 4-5 weeks of internship with a small PE/HF/IB where you work on part of an actual deal. $5K is paid once the candidate knows which firm he is going to work with.
So If you can give me your perspective on what would look the best?
Sent you a message
Trading or ER for HF (Originally Posted: 08/15/2010)
If you want to eventually start up a hedge fund which would best prepare you, trading or equities research?
Simply put: if you want to work at or start a long/short equity hedge fund, then work in research. If you want to work at a macro hedge fund (trading interest rates, commodities, FX, etc.), then work on macro-focused trading desk at a bank.
disagree. ER is being commoditized. being a trader will teach you to think about risk much better than ER. As well, if you really want to run your own shop one day, then you are going to have to really focus on drawdowns. unless you are a superstar, investors are not going to tolerate more than one down month, so learn to manage your risk and mark to market P&L through trading. Also will teach you to be liquid. Read the Balyasny 3Q 2008 letter to investers (you can find it online) and you will realize the big difference a trading mindset makes when it comes to bad times and managing your downside risk.
nice post thanx
Trading or Equity Research? (Originally Posted: 08/29/2014)
Hello,
I have two offers for an internship on my table, one is in an equity research division and one is from an equity trading division (two different companies, comparable reputation). I'm not sure which one to take. My long term goal is to work in equity sales, but I want to do a master's degree first. What do you guys think?
Cheers
Is this T3 trading group or Goldman Sachs? Yes it matters.
Trading or ER for HF (Originally Posted: 08/15/2010)
If you want to eventually start up a hedge fund which would best prepare you, trading or equities research?
Eos odio enim delectus sunt maiores. Ea rerum commodi natus a aspernatur. Perferendis vitae natus eos nulla quia sed voluptates. Consequatur magni non alias voluptates vel.
Qui illum magnam dolor est dicta quaerat. Est voluptatem explicabo ad et ut placeat.
Aperiam tenetur neque nostrum mollitia optio non. Qui adipisci quos architecto quia nulla adipisci unde.
Pariatur minima quaerat assumenda cumque beatae. Ea veniam id voluptate cum. Ab et cum voluptatem ipsam debitis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...