Proprietary Trading Later Hiring?

Started an entry level job out of college at a market making firm about half a year ago. Was wondering what the process for entry level lateral hiring might be for quants / quant traders / quant researchers.

Should I stay where I am for a year? Two years? before trying to make a switch, or is switching into similar firms at an entry level at all common? Would it make sense to apply for recent-grad positions again?

5 Comments
 
Most Helpful

I actually have the exact same question. I'm on a crypto desk at one of the crypto native institutions and we're a market maker that also can take on prop directional risk (no Volocker Rule for these types of firms) and I know a lot of prop firms are looking to hire specific crypto traders - DRW (cumberland), Akuna, Flow Traders, etc. How should I start the lateral process other than just applying and seeing where it goes I guess. It probably makes more sense for crypto since it's an in demand product/skill right now 

 

Itaque assumenda tempore ad dignissimos. Officiis totam quasi ad eius autem sit perferendis maiores. Impedit ad enim quod soluta iste.

Aperiam quod sed et perferendis autem. Doloribus et modi suscipit nobis laudantium magnam dolorem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”