From a Prop Trading House to iBank.

This is a discussion on From a Prop Trading House to iBank. within the First Steps forums, part of the Reception category; Hello everybody, I've just been offered a graduate position as junior trader at a prop tading house and market maker. ...

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Old Feb 9, 2009, 10:15pm   #1
 
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Joined Dec 2008
From a Prop Trading House to iBank.

Hello everybody,
I've just been offered a graduate position as junior trader at a prop tading house and market maker.
Before making my decision I was just wondering how are the exit opportunities after a couple of years. I would be interested in doing structuring in a top ibank. Do you think that ibanks look positivelly at this kinf of firms?
Many Thanks.
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Old Feb 10, 2009, 8:39am   #2
 
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Unbelievable - I agree with GJ - Great Opportunity at a Prop Shop with Marking Making, and the guy wants to move (in my opinion) to a lesser postion with a bank.
Jeez - Get real about life !
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Old Feb 12, 2009, 4:05am   #3
 
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How would you guys comment on the possibility of a market maker in a prop house to move hedge funds / Ibank as a trader?

How do you think the career prospect of a market maker in a prop house?
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Old Feb 12, 2009, 3:01pm   #4
 
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No prospect? Just because of the bad market right now? Or it's the nature of market maker?
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Old Feb 12, 2009, 4:05pm   #5
 
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GammaJammer will hire the next person who posts on this thread, he promised me.
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World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
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Old Feb 12, 2009, 4:09pm   #6
 
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Quote:
Originally Posted by arabianights View Post
GammaJammer will hire the next person who posts on this thread, he promised me.
ME!!! What time do I start?
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Old Feb 12, 2009, 4:10pm   #7
Joined Aug 2003
i love lamp

edit - damn you masq, and your lighting fast typing skills
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Old Feb 12, 2009, 4:12pm   #8
 
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ha ha! I lied!
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World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
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Old Feb 14, 2009, 5:20pm   #9
 
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You could always try calling up this firm that's offered you a job and asking them what the exit opportunities are like after a couple of years of them training/backing you, I mean it can't hurt*. Personally I would be questioning why I am thinking about my 2-year exit before I've even accepted the job; as GJ says since this isn't even a decent means to an end for you I'd be thinking long and hard.

*Don't actually do this.
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