If somebody is doing so good (or nearly so good), what are they trading? Stocks? Options? The stocks worth 1 mio $ per day? Lojze
By the way, I dont think anyone is doing that great this year. The top traders made little over $2M last couple years...but I think they might be up maybe +$500,000 or so this year so far...not on par with last year...I can't be 100% sure, however... Maybe Hitman or I Missed The Boat can shed some light into the subject. Since Hitman is a Group Leader, he should have access to those numbers.
Re: 2002 FX Salary for London quote: -------------------------------------------------------------------------------- Originally posted by trader99 just incase you guys were wondering.. Remember, the multiply that amount by roughly 1.3 to get US Dollars. It's not equities but just a breakdown. http://www.gtnews.com/articles_se/4367.html ________________- 2002 FX Salary Survey TITLE AVERAGE SALARY PACKAGE (in GBP) (incl bonus) Trading & Sales Senior Management Treasurer 148,000 240,000 Head of FX Trading 150,000 315,000 Head of FX Sales 125,000 300,000+ Head of Currency Options Trading 125,000 300,000+ Head of Money Markets 98,000 176,000+ Head of Forwards Trading 104,000 217,000 Head of Emerging Markets FX 114,000 232,000 Head of Proprietary Trading 120,000 243,000 Chief Dealer, FX 105,000 210,000 Senior Traders & Sales Dealers Senior Spot Dealer 82,000 132,000 Senior Forward Dealer 76,000 108,000 Senior FX Sales 86,000 227,000+ Senior FX Options Trader 91,000 197,000+ Senior Proprietary Trader 86,000 193,000+ Senior Derivatives Structurer 94,000 183,000+ Traders & Sales Dealers Spot FX Dealer 69,000 114,000 Forward FX Dealer 57,000 96,000 Money Market Dealer 52,000 87,000 FX Salesperson 66,000 115,000 FX Options Dealer 74,000 126,000+ FX Economist 93,000 162,000 FX Strategist 87,000 185,000 -------------------------------------------------------------------------------- So, let's do some math here. Head of Proprietary Trading 120,000 243,000 That's about $363K Sterling/Englis Pounds * 1.3 = $471K USD So, it seems like some of the traders at Worldco or Bright made $2M last year or something? Much better than these gus! LOL!
you can't really compare that as those are average comp packages, whereas at pro firms maybe a tiny handfull, if that, managed to earn 2mill whatever. cheers
This very funny. The only thing I said was refering to an extra 1/2 % on 20 million in profits. Then I said, I will tell you all next month when I hit that level. Has everyone lost their sense of humor ? The 2 million comment was made by Missed the Boat. And it was made as a negative statement about making 2 million. This is hilarious. Kind of like the game of telephone where one thing is said and by the end of the game a whole new story comes out. I just hope it really happens to me, than you can all say, "who's making 2 million ???, I don't believe it"
Just for the record. As Daytradernyc said, some of the best traders (who made $2 mil in the good days) are making $500,000 IF ANYTHING AT ALL. In fact, maybe one or two people are making $1 million. The good majority of traders at WLDCO are making ZILCH!