Base salaries for a trader?

Discussion in 'Prop Firms' started by PauliePorsche, Mar 16, 2010.

  1. Are traders at Proprietary Trading Firms paid a base salary?

    i applied to a financial positions (engineering looking for a career change) and got a response from one firm a few hours ago. It's a small trading company. There is no base salary and a minimum buy in, which is raising a bunch of alarms in my head. Is this standard practice? Do I have a reason to be suspicious?
  2. This might help:

  3. t0pd0g


  4. best places have almost no guarantees but pay out the best %. if you are gonna gamble (since 99% fail) my as well have as much upside as possible that other 1%. my firm gives a stipend each month you later repay when you are profitable (or don't have to if you fail)- but then you get 50-60% of the profits you make trading their money.
  5. buylo


    Eat what you kill, son.

    Jump on in, the water is really nice.