Upside going to trading

Hi all, I am currently a Software Engineer Intern at a market maker/prop trading firm like Jane Street, Optiver, and Hudson River Trading, 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 (my trading skills are an unknown quantity) and the diminishing utility of money, would grinding for trading interviews and getting trading roles likely be a +EV move? 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?

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Nov 17, 2021 - 1:51pm

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