Hi! Long story short I've been in portfolio management and trading roles for around 10 years in Moscow firms. Have a strong confirmed local market track record and some US stocks long/short experience. Recently completed CFA , got a green card and decided to move to the US to continue as a trader/fund manger. But I'm really confused how to start, obviously it's very hard to find a job at the industry without a decent American education and some local names on the resume. Thus,I see two viable options: 1) apply for a MBA 2) start with a prop firm to build the US track record Both has some disadvantages. I would really appreciate any advice and ideas. Ps sorry for my English, working on it
If you can get an allocation from a hedge fund or traditional prop firm, I would do that. MBA is not the right move. Chicago and NYC/CT are your best bets.
One question for you - if you have adequate experience with trading, why can you not go it alone - do you not have any money saved up? J_S
Well, if you are really interested: 1) Fund managers in Russia are not paid as good as in the US, bonuses and %% are simply not paid sometimes. And life in Moscow had been VERY expensive prior 2015. So never managed to safe enough (IMHO it's 1KK+ minimum) 2) I’ve been trading my own account as well. It’s like +400% over 7-8 years. But I cashed out a lot. My trading style is more of swing/fundamental, so no steep intraday compounding and 1000% monthly returns. Don't feel comfortable with risks leading to 10%+ drawdowns 3)My style is scalable, why not take all out of it?
Good on you, thanks for sharing. Funny how the extreme right is complaining about immigration policies but how this lottery existed for decades even under Republican leadership.
Plenty of unemployed MBAs out there working as low level analysts making $60k a year. Not worth it. If you're confident in your skills as a trader, going at it through a prop firm would be a good option.
"the extreme right"...Does wanting the federal government to enforce border security make every American citizen extreme?
Illegal immigration is a slap in the face for all those that followed the rules and are here legally. With that said, the current process sucks.