All- I am a recent college grad with a degree in electrical engineering and I am looking to become a trader. Last fall I applied to a bunch of the IB programs but wasn't accepted. I have since been applying to all kinds of jobs in the financial services industry to just try and get my foot in the door as many people have told me that once you have an analyst or maybe a research position it might be easier to move to that company's trading desks. I have also heard that this is quite a rarity. I have been looking into prop trading for a while and it seems beneficial in that I could get sponsored for my licenses and also learn a lot about trading and market behavior. My question is, are there a lot of people that start out in this way and then make a move to a big bank or hedge fund? Obviously if one is making good money in the prop or retail business one would stay there, but is this a normal move in the industry? Also, what about the move to business school for something like financial engineering or an MBA and then a move to an IB in a quantitative trading role? Lastly, does anyone know of any trader trainee programs besides First New York that pay you during your training? I appreciate anyone's opinions and guidance.