Sales vs. trading side (trading careers)
I know this may not be the best place to post this since my topic relates more to securities trading careers rather than “financial adviser” or commonly called “broker” roles. I figure there are plenty of experts here though, who can probably give some advice.
I’m a recent college graduate, Finance major at a well-known university. I was recently given an offer to interview for an entry Equity Trader position at a NY-based financial firm. From what I know, they offer a base salary + bonuses/incentives, and I would NOT have to put up my own cash starting out to trade.
My concern is that I’m skeptical. I always had the idea that these places only hire entry level traders if they come from Ivy Leagues or have PhD’s and such. Should I be? Any reps here ever ventured into this side of the financial business?
Any comments or advice would be great.
I traded prop for a while, got me my 7 but not much $$$. If they are offering salary and you don't have to put up your own money it's worth a shot. Do they let you trade your own strategies or insist on "their" startegies which usually involve high commissions and low risk for them and low profit and profitability for you.
i would consider, as long as they are funding ME to trade (at least starting out) not me funding THEM - i really can’t afford that right now even if i was into that scenario
I traded prop for a while, got me my 7 but not much $$$. If they are offering salary and you don’t have to put up your own money it’s worth a shot. Do they let you trade your own strategies or insist on “their” startegies which usually involve high commissions and low risk for them and low profit and profitability for you.[/quote]
Any firm which "hires" you as a (prop) "trader" and then requires you to put down your own capital is a bucket shop day trading scam.....