Hi all, I am trying to determine if I should work as a prop trader at a small firm. The firm is not paying me a base salary and also asked me to put down some capital if possible, but I will be taking in 70-80% of the profits that I generate. Is this a horrible deal??? A little bit about myself: I am someone who is very interested in trading (and hoping to make some money, if possible), will have a Master's degree from a top 5 financial engineering school, have technical degrees (comp sci and math) and worked at big-4 consulting firm previously. I have heard all the negatives about prop trading and I am wondering about the following: 1. It doesn't provide any transferrable skill, either in business or finance. Is it true? If I take this job, am I doom for the rest of my life?? 2. I am really interested in trading and can imagine myself working as a trader for a long time. But does this opportunity really provide what I want? I mean, can prop trader be a "life-long" career and also be making BIG money?? 3. How about if I take this job as a learning experience for about 2-3 years to see if I am really good at this and to give myself a chance to try something that I have always wanted and find out if I am a good fit? I am thinking about doing an MBA later down the road and will this sort of experience make me stand out of the crowd for trading positions at major investment banks? 4. Finally, if the firm does not require all the necessary licenses (Series 7, 55, and 63), what does that really mean? Is there something fishy about the firm??? I'm at a crossroad of my life, and any help would be greatly appreciated. Thanks in advance.