I will be getting into the mysterious world of day trading here in London. I wish to know that if after a couple of years of successful trading experience, what chances are there for me to land up a juicy investment banking job. I believe this is one of the ways to get into investment banking. Is that so? Please advice. Thanks.
rawrschach
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Will not get you a job as a trader with them, let alone an investment banker.
chocolate13, thank you for your negative comment...but isn't life all about staying optimistic. If, with the trading experience, I add an MBA (which I did 2 yrs back), fully qualified Financial Advisor AND CFA...then what is your opinion? Anxiously awaiting your response or any comments are most welcome as well.
BSD
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You probably won't get a job if you have a hit rate of 80% and scalp for a tick per trade.
But if you have a style that can be traded with size you mustn't forget that the sell or buy side are at the end of the day meritocracies where the most important asset you can bring to the table is your ability to make money.
If you are a real rain maker, can do so with size, and can back that up with proof, then any job is within reach.
Good trading, and good luck !
But if you have a style that can be traded with size you mustn't forget that the sell or buy side are at the end of the day meritocracies where the most important asset you can bring to the table is your ability to make money.
If you are a real rain maker, can do so with size, and can back that up with proof, then any job is within reach.
Good trading, and good luck !
rawrschach
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The MBA and your other qualifications could help, but you could use that to apply for an Inv. Banking job right now - you don't need any tradin experience; if you want to be a trader a prop house will look much more favourably on your trading experience than an inv. bank will.
If you already have experience you could possible apply for an inv banking position through one of their associate schemes.
If you already have experience you could possible apply for an inv banking position through one of their associate schemes.
Lord Lucan
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If you're doing well enough for the bank to want you you won't want to join them.
fifty2aces
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Investment banking and trading are not the same thing - unless you are already a good candidate for banking (straight As from school, first or at minimum 2:1 from a top uni, relevant work experience), trading your own account isn't going to help get a job.
If you mean moving from prop or own account to a trading role in an investment bank, probably depends on your strategy - as has been said, they are meritocracies, so if you have a great track record, and your strategy is scalable enough to make working for a bank appealing, they might look at you. Most likely though, you'll do better by trading own account or getting backed by a prop firm - most of the trading done in banks is rather different from that done by prop guys and own accounters.
If you mean moving from prop or own account to a trading role in an investment bank, probably depends on your strategy - as has been said, they are meritocracies, so if you have a great track record, and your strategy is scalable enough to make working for a bank appealing, they might look at you. Most likely though, you'll do better by trading own account or getting backed by a prop firm - most of the trading done in banks is rather different from that done by prop guys and own accounters.
