join Group One / DRW Trading Group or Goldman as i-banking analyst?

Discussion in 'Professional Trading' started by carl1111, Dec 4, 2005.

  1. Another idiot with a selective reading problem. I know it's hard to understand but Trading Desk is totally different from Investment Banking Division. Once you get that through your head, your criticisms will have some relevance cause you're talking out of your a$$. Regarding Lehman trading desk, I was far from the only one affected negatively during the hiring freeze of 2002, it was just bad luck for our whole graduating class and yeah it sucks and I was very upset & bitter like any other person would have been.

    As for my negative overall attitude toward the IB industry, it's a larger deeper viewpoint that your small brain could not comprehend. Your retarded analogy holds no weight against the conversations I've had with numerous associates.
    I can see 90% of ET could never get it through their head either so I will just drop it, concede defeat and let the morons celebrate their internet victory. If want some info and tips regarding entering IB that I wish I had just 1-2 years earlier to when I started working at UBS, send me a PM.

    P.S. It's not called "graphics artist" but whatever the title you wanna choose I was still making as a senior in college than you do with your current paper trading. It's a skill set with which I can get a cushy job within a month that pays more than 90% of the self traders out there.
     
    #91     Dec 8, 2005
  2. isnt Uchicago the best finance school around...the others are great, but when it comes to finance i think chicago is the only choice.

    as for trading...i have been trading the german curve since 1997 & have most recently become a victim of the phil bennet refco wrecking ball...well, their still paying me, but i need another job. so given the options, goldman(based on my experiences w/ chicago firms) would be the choice. though i will be knocking on DRWs door. but really, what are the choices for a 35 yr old mba from UChicago? lol...i'm not sure
     
    #92     Dec 9, 2005
  3. i went there undergrad. wharton >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> columbia.

    wharton divided by NYU = infinity


    i can't believe i'm mentioning my school and NYU in the same sentence. :D
     
    #93     Dec 9, 2005
  4. i went there for undergrad. wharton undergrads share the same courses with MBAs. the motto was never share a group project with MBAs because they slack off and play golf all day :D
     
    #94     Dec 9, 2005
  5. i agree. i am currently at U of C MBA and the finance classes are fantastic. comapring to wharton's, i think they are even more quantitative. and yes, now i'm the one who's playing golf all day. :D
     
    #95     Dec 9, 2005
  6. actually, you can try for the part time program. i know of many traders who are 35+ who are in the part time program
     
    #96     Dec 9, 2005
  7. you're biased - you a junior in wharton?
     
    #97     Dec 9, 2005
  8. carl1111

    carl1111

    nicolaf- what did you do after undergrad at wharton? What do you think of my options that I listed in the very first post in this thread? I am interested in hearing your perspective.
     
    #98     Dec 9, 2005
  9. i did corp restructing under a CFO of a firm. didn't go banking or S&T route. but now i'm in a hf.

    goldman. since you're only interested in trading. but if you do decide to go trading, only do so in S&T in a bulge bracket. forget market makers, prop shops. read trader monthly and see why. your level is different from 99% of the ppl here. they are like frogs in a well.

    also, your job is not only the job. it is the network. remember, everything you do, it is the network.

    read wilmott.com. they have better career advice. ppl from institutional trading desks... ie the S&T job you want if you decide to go that route.

    what school you in
     
    #99     Dec 9, 2005
  10. It's late but I just got back from a trip and this thread caught my attention.

    I skimmed most of the posts and while it is hard to believe you have these offers, assuming you do I think the others are right in that you should take Goldman.

    You don't really sound sure about yourself and what you want to do with your life. You make a few references to making big bucks down the road so I imagine you are like most typical college juniors and seniors who think top tier banks and hedge funds are the end-all be-all.

    You ask if you will be good at trading and tell us that you scored 800 on Math SAT. Trust me, this means nothing, although it does get recruiters to ask you about it in an interview(shameless firsthand experience). You don't sound like you have a genuine passion for trading so don't do it. Your passion sounds like it's about prestige and making money. If that is what you want, you stand a much better chance of achieving this by going to Goldman as an ibanking analyst.

    You might change your feelings about this and discover yourself more with experience. I did.

    Good luck.
     
    #100     Dec 9, 2005