college grad seeks advice

Discussion in 'Professional Trading' started by NCWoods, Nov 28, 2005.

  1. NCWoods


    I recently graduated from a reputable school and am seeking employment in a trading firm in the New York City area. I have no trading experience and do not with to become a broker. I'd like to be on the more techinical/analytical side rather than the sales side of things. I don't know much about the industry or how things work but I figure anybody reading this has a much firmer grasp on the industry. So I'm looking for suggestions for what firms to look into in the NYC area. I was a math major, so I've been told to look into the "derivative" side of things. But I'm open to anyone's suggestions. Ideally I'd like to be sponsored for my 7 while working, but who knows. Anyone have any advice for somebody trying to get on the right track?
  2. It is real hard to get a trading job in New York unless you graduated from an ivy league school with a high GPA. Unless you go to a prop firm and put up $5K. Seems like Chicago might be a better place. Maybe be an asst to a floor trader.
  3. tomcole


    Why not offer to work half-price for a large firm? If you're any good, they'll pay you fairly, if not you're fired. At least you'll get some income and some experience.
  4. Hello experts need your help..

    I just got offered a propietary trader trainee position with GHCO (Goldenberg), dont know if I should take it, Im new to the industry. Ive seen some pretty negative stuff on these forums about them and their working conditions so Im obviously hesitant.

    Some positives about the position are - base salary, benefits, supposedly excellent training, and bonuses.

    Some negatives are - the Golden Handcuffs (4 yr. non-compete contract), vague/ambiguous bonus compensation structure. The percentage of bonuses which go to the trader and then to company is not clearly defined...

    Anyone have any ideas or advice on this company? Please let me know. Is this a pretty good deal, or is there some things I should really look out for?

  5. Ebo


    Is this deja vu?
    Do you think re-posting this is going to evoke a better response this time around?

    Consult with a labor lawyer on the potential ramifications of breaking a 4 year non-compete clause if you need to bail!

    Otherwise, you have nothing to lose besides 4 years of your life, who knows perhaps you might learn to trade!

    **"Might" being the operative word!