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How to become a (institutional) trader after age 30?
I'm curious about the path to work as an institutional trader trading on behalf of the big banks, funds, prop funds, etc. Could you use an MBA to pivot into this career field? Are there traders on the institutional side that aren't quantitative? I've seen job postings for traders but a lot of those...
Dublin quant salaries
From what I can gather, trading firms in London and Amsterdam like Jane Street, Optiver, Flow Traders, ... offer graduates a total compensation that comfortably clears six figures. Does anybody have insight into how the pay in Dublin shops (Virtu and SIG) compares (maybe broken down into base, bonus...
FinMath UChicago vs. CompFin UCL vs. Stats Imperial?
I have offers to do masters degrees at - UChicago, Financial Mathematics - UCL, Computational Finance - Imperial, Statistics (Finance) - Georgia Tech, Computational Finance Does anyone have any thoughts or comparisons of the different degrees? I have experience at 2 trading companies (semi-prop...
Gelber Group Junior Trader Assessment
I recently applied for a junior trader position at Gelber Group and heard back within the hour with a link to an assessment that expires in one week. Does anyone know what the assessment might be covering? I heard from a trader there that they like hiring right out of college because you can be...
what qualifications are needed to become a prop trader when you already have experience?
I've been a retail trader for a little over 2 years, and have found consistent profitability through trading shares. My goal is to do this independently long term, and quit my engineering job. At this point, I don't feel quite comfortable doing that because I'm not currently making enough in trading...
Move from relationship manager to trading?? Is it possible and how??
Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after...
Prop shop advice for non-target graduate w/ biology degree
Hello everyone, I graduated in the spring of this year with a biology degree from a non-target state school in Texas. My GPA was a 3.6+. I am a very math inclined individual who only chose biology because I (incorrectly) thought it would help with medical school admission (it really doesn't FYI.) I...
Hedge Fund vs. Proprietary Trading
What are the most notable points of difference between a quant position at a Hedge Fund, vs at a Proprietary Trading Shop? Specifically, how do they differ along the following dimensions: (1) Intra-firm mobility (2) Exit opportunities (3) Hierarchical structure (4) Work-life balance (5) Compensation...
Has anyone had any experience with Maverick Trading (prop shop)?
Has anyone had any experience with Maverick Trading (prop shop)? I have been trading for 3 years on my own and am interested in becoming a funded trader. Any experience or strong advice would be helpful.
Prop shop trading vs. hedge fund trading
I have read on multiple forums on this site that good prop shop traders can rake in large bonuses upwards of 500k after only a few years. Is this actually true? I haven't heard the same about hedge fund traders but I've always been believed them to make the most. What are major differences between...
fx prop shops
Does anyone have a list or know of any prop shops that trade fx?
I'm a Algorithmic/Derivatives Trader at a Chicago Prop Shop: Ask Me Anything
Bio: I've been lurking WSO since I was in college in order to figure out what I wanted to do, but didn't really participate that much in discussion until after I graduated. Now that my career is at a more stable point, I've decided to get more involved in WSO and help out the community in any way I...
Friend is trying to get a job at a prop shop -- said he's heard of starting salaries of $200k+bonus... is that true?
He's getting a master's in quantitative finance from a non-target school and is looking at full-time positions at prop shops. He said he's going to try and negotiate a salary that's ~$200k... I've heard that even at the top shops your first year salary is going to be more in the range of...
"Patak" Style Shops, good experience for resumes?
All of these shady online prop shops like Patak, Pulsar, etc. where you "tryout" in simulated trading , do they provide any trading work experience that future employers will actually care about? I am not naive, and I know these are not "respected', prestigious prop shops by any stretch of the...
Prep suggestions for FT market making position in Sept.?
I will be starting full-time at a prop shop who focuses on market making where I would be on the trading side (not algo/quant/development-side), and have no formal background in finance but have read up on the technical basics of derivatives trading, etc. in addition to my personal interest in the...
Jane Street vs. DE Shaw
Jane St. & D. E. Shaw - who do you go with for ENTRY LEVEL TRADING? Compare and contrast: Learning Curve: Jane St has an awesome training program, DE Shaw doesn 't provide as much training but has a steep learning curve Compensation: Jane St. trader entry level $60k+bonus ($60k) vs. DE Shaw ~$110k...
Why Can't I Freakin Get A Job?- Is it me or the job market?
only posting here because I love the complete honesty of the responses that these forums provide. i went from trade support (middle office role) at a BB to a start up trading firm/hedge fund so that I could get out of Operations. i initially came in as a junior trader (a prop shop feel), then i...
Summer internship: BB S&T vs prop shop!
Hey guys, I'm undergoing the application/interview process for summer internships for both S&T at big banks, as well as trading at prop shops. I anticipate to receive offers from both. So I need help making a decision what to do this summer. As far as I can tell, the key differences are: Prop shop:...
Trillium Trading Offer 2010
I recently got an offer from Trillium Trading at the NYC office. I have read some posts from about a year ago, but I just wanted to see if anyone knew how the firm was doing today or if anyone had anything else to say. I have not received my offer letter yet, so I was also wondering if anyone knew...
Strange Situation
Quick question for the group. I currently work in an Asset Management office that does a variety of work. I will be going to a program offered by another company for a one week, "Trader's Bootcamp" gay name I know, where I will be working with their buyside desk, etc. My question is, do I need to...
Prop Shop Model
We have all seen the movies with well dressed traders barking out buy and sell orders, slamming phones, and congratulating each other on being masters of the universe. Students are declaring finance majors in record numbers, all expecting to be a hot shot in NYC . The truth is, demand for these jobs...
Prop shops and external parties
Do prop shops hire or allocate capital to external groups, such as small hedge funds or other smaller prop shops/ trading teams? Would they buy them out or bring them in house? Would they just make an external investment in the group?
Advice - Freshman in college that wants to be a prop trader
I am a freshman in college that wants to become a prop trader after college. Currently I am majoring in finance with a minor in math, but considering a switch to just majoring in math. If I want work at a prop shop, would being a math major hurt me? Also, what kinds of internship should I be looking...
Carbon analyst with non-finance background interviewing for trading gig.
Any advice is helpful. I'm a carbon analyst that prices closing bi-lateral trades for the voluntary US carbon market and the compliant EU ETS. I have a degree in journalism and a minor in finance. I'm making the transition to trading and IB aspects of origination & commercialization of environment,...
Chicago Global Capital??
Has anyone worked for Chicago Global Capital? Do you know anything about this place? Any info would be appreciated.. http://www.chicagoglobalcapital.com/main.php
Rho Trading Securities
Does anyone know anything about this firm? I can't seem to find anything online. I had to take the Wonderlic IQ test, and now have to complete an Excel test before an interview.
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