Upside going to trading
Hi all, I am currently a Software Engineer Intern at a market maker/, , and , and I am contemplating studying to switch to the trader side. I wanted to ask some advice whether or not this is a profitable move. At the current moment, if I do not improve my position, I am looking at quite a high salary post graduation, somewhere around 400K, but the upside is quite limited and caps out at around 1M.
On the other hand, I have heard of extraordinarily successful prop traders clearing mid 7 figures after 5 years experience, but also those that get canned due to being unprofitable
What I am asking is taking into account the risk factor (myare an unknown quantity) and the diminishing utility of money, would grinding for trading interviews and getting trading roles likely be a + ? What percent of traders at those firms that pass the interviews are "false positives"?
Also, how big of a gap do traders and software engineers have in profit sharing?