Career change- Professional sportsman to trader?

This is a discussion on Career change- Professional sportsman to trader? within the First Steps forums, part of the Reception category; Currently I am a Porfessional rugby union player. I suffered a career ending injury recently, since the event I have ...

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Old Apr 16, 2008, 6:11pm   #1
 
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Career change- Professional sportsman to trader?

Currently I am a Porfessional rugby union player. I suffered a career ending injury recently, since the event I have been looking into a new career option. I believe my personality and drive would suit a career in trading. I started a Business management degree a few years ago but due to rugby commitments I was not able to finish the degree. I have good A level grades and GCSE grades.

I am looking for some advice regarding the best way of getting into this field. What qualifications are essential?

With present market conditions is it a difficult time to be looking for a trainee trader position?

How would investment banks view my position?

Where do most investment banks advertise positions available?

Thanks!

Last edited by kilo; Apr 16, 2008 at 9:51pm.
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Old Apr 16, 2008, 6:18pm   #2
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would be a start. Your observations are correct, it will be a very tough time getting in there as people are being "let go" all over the place and most banks have a headcount freeze on. You do have something on your side however, you will find many keen rugby fans throughout the industry.
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Old Apr 16, 2008, 9:46pm   #3
 
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Try some of the prop trading houses,

In my opinion a professional sports person will make the best traders, although i have no quantitative proof, I feel that personal skills required to suceed at both trading and sport is the same.

Good Luck
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Old Apr 16, 2008, 9:49pm   #4
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how about sales side? lots of drinking, socialising, people skills plus you do have to know about the trading side to be half decent at it.
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Old Apr 16, 2008, 10:38pm   #5
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Kilo,

Why not consider doing a degree (again) in a relevant subject? The gap in your education as professional rugby player may not be regarded as such.

Alternatively, stick with your current qualifications and background but study for the Securities Institutes' professional (Representatives)qualification? They're not difficult and can be done in a month or two. Any may be necessary, especially if you advise clients but they also provide the basics of various markets.

The above is not provided because rugby players scare me.

Grant.
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Old Apr 16, 2008, 11:08pm   #6
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off the topic, abit. I have a friend who is an ex pro rugby player. He was well insured, and came away from the game (for medical reasons) with a sizeable lump sum. He then went on over the last two year or so to make a killing in property..

I guess that boats sailed tho..

maybe you could spend a year or two learning to trade, then maybe trade your own account..

just a thought, I'm sure you will succeed in what ever path you choose

good luck
belflan

Last edited by belflan; Apr 16, 2008 at 11:13pm. Reason: typo's
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Old Apr 17, 2008, 4:50pm   #7
 
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Kilo,
sorry to hear about your injury, it must be devastating to be forced out of a that way. I was lucky, with my weight problems I knew every ride could be my last even if a fall didn't get me, so never held out too much hope of making champion jockey :-) , but to go thru the trauma of an on-field injury that robs you of your career is awful.
Whatever you decide to do, I wish you well ......
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Old Apr 17, 2008, 4:57pm   #8
 
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Quote:
Originally Posted by kilo View Post
Currently I am a Porfessional rugby union player. I suffered a career ending injury recently, since the event I have been looking into a new career option. I believe my personality and drive would suit a career in trading. I started a Business management degree a few years ago but due to rugby commitments I was not able to finish the degree. I have good A level grades and GCSE grades.

I am looking for some advice regarding the best way of getting into this field. What qualifications are essential?

With present market conditions is it a difficult time to be looking for a trainee trader position?

How would investment banks view my position?

Where do most investment banks advertise positions available?

Thanks!
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Old Apr 17, 2008, 7:45pm   #9
 
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Kilo,

I second Gooseman's comment about sales. It's a lot less technical so your lack of experience will be less of a problem and the 'ex-rugby pro' line goes down a riot with clients and is likely to be a big door opener. Both firms I've worked with have had ex-internationals as senior sales people. The only problem is that at the moment, no one's hiring. If you can wait some, bide your time, maybe spend the time knocking on doors and getting some relationships then you've every chance of 'an in'. Do none of your club's directors have leads you can follow? That would be the first place to start.
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Old Apr 17, 2008, 10:46pm   #10
 
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kilo started this thread Thanks for all the advice and help guys. I'm quite set on becoming a trader. I like the whole idea of a new challenge and I believe trading will be something close to replacing the rugby. Very competitive, requires a good work ethic and rewards success. I would relish the challenge of learning how to trade, I'm 23 and feel i'm not too old to start. I know virtually all companies are not looking for trainee traders at the minute. Any idea when this out look may improve? Does anyone know any companies looking for trainees at present?

Many Thanks
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