because they all <i>graduated</i> from the ivy.... the better opportunity is the one that pays <i>you</i> to learn.
Yeah, NYC isn't cheap. That's why I'm not in NYC! haha. Anyhow, I'm not saying one is better than the other. It's all dependent on who you are and what you want. I guess one thing is though, as the title of this thread "base salary + payout" most prop trading shops don't have base which can be quite different in the first yr or even two while the trader learns. that's all. in the long run, if you are super duper uper good, then i think prop trading shops are the way to go with 20-90% cut. But then again, what kind of positions can you hold onto? 10K+ overnites or several weeks if it's in a good trend? I don't know.
Don, There are postings every day on job boards. Just do a search. But since you have been "bugging" about it(nothing wrong with that since you want to know some facts and don't know where to look for them), I did a little search for you on Bloomberg(you can do it via the terminal or the website). But it's nothing unique. Tons of postings on Yahoo,Monster, and any number of job boards. So, there are definitely still positions out there. But unfortunately, NOT as many in equities as I pointed out earlier since the naz bubble bursted. Here's a posting from Bloomberg. Enjoy: ____________________________________ Emerging Markets Credit Derivative Trader Details Company: The Delafield Group Location: US-NY-New York Base Pay: $150,000 - $250,000/Year Bonus: $500,000 Employee Type: Full-Time Employee Industry: Banking - Financial Services Other Great Industries Securities Job Type: Finance Other Professional Services Required Education: Graduate Degree Required Experience: More than 5 Years Required Travel: Negligible Relocation Covered: No Description Bank seeks Emerging Markets Credit Derivative Trader/Structurer to add to existing team. Candidate will possess a minimum of ten solid years plus trading and structuring.A stable work history,consistent track record from a well known credit derivatives firm,excellent academic credentials and advanced degrees are required. Requirements Investment Bank is seeking a seasoned Emerging Markets Credit Derivatives Trader/Structurer to add to their existing team. Candidate will possess a minimum of six to ten solid and profitable years in this position with a well known credit derivatives firm.Fluency in Spanish a plus.Excellent academic credentials preferable with advanced degrees in engineering from a top school are required. Contact Information Company: The Delafield Group Contact: Diane L. Viegas Email: J471J6NTG2BZQ3QBZS_cbcb_bb@apply.careerbuilder.com Phone: 203-656-2516 Fax: Not Available Ref ID: Not Available Send this Job to a Friend Save This http://www.careerbuilder.com/JobSee...L;QS=sid_cblm07;SS=NO;TITL=0&lr=cbcb_bb&ch=al
The list just goes on and on.. I'm surprised you never thought about looking at Bloomberg terminal/website since that's the ground zero for info among finance people. _____________________________________________ HIGH YIELD TRADER Details Location: US-NY-New York Base Pay: $100,000 - $120,000/Year Bonus: $240,000 Employee Type: Full-Time Employee Industry: Banking - Financial Services Job Type: Finance Required Education: 4 Year Degree Required Experience: More than 5 Years Required Travel: Negligible Relocation Covered: No Description North American Bank seeks High Yield trader with 6 to 10 years trading experience(minimum 1 year High Yield experience)to join their NY desk. This bank is building it's name in US High Yield. The successful candidate will help build this business. Requirements Undergraduate Degree 5 Years Trading Experience 1 Year high Yield Trading Experience Contact Information Company: Not Available Contact: Not Available Email: J31T963FQZNS7BKPT1_cbcb_bb@apply.careerbuilder.com Phone: Not Available Fax: Not Available Ref ID: 730
Great, I'm going to do an article on "Wall Street Alternatives"....and this will help me with the research..... Thanks again!! Don
the cha-cha's that Don and his "older, wiser and better-looking" brother bring in every year, I don't think they'll EVER need to <look> for work again.......I know their very successful traders and Don has several other business's in his background that have nothing to do with trading either Good trading all...... mrktwiz