Trading for a Investment bank

jiggly

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hey guys,

if you have a good track record of profitability, what are the chances of getting a position as a trader with an investment bank?

does anyone have experience working as a trader for a bank as opposed to a prop house, are there any differences and which do you prefer?
 
size? previous institutional experience?

size, pretty small, if I was trading size I would not want to give up my freedom and not have an inclination to go looking for it.

no previous institutional experience
 
well i'm afraid you'd struggle to get in. you can't just pitch up and say "look i'm good" with a sheet of paper in your hand.

these guys have HR to follow, admission preocedures which usually require ID verification/qualifications etc. Not to mention the amount of traders floating about at the moment.

sorry to **** on your parade.
 
well i'm afraid you'd struggle to get in. you can't just pitch up and say "look i'm good" with a sheet of paper in your hand.

these guys have HR to follow, admission preocedures which usually require ID verification/qualifications etc. Not to mention the amount of traders floating about at the moment.

sorry to **** on your parade.

thanks for your comments, but your not **** on my parade,

does anyone have any other views, I am not a qualificationless individual.
 
i didn't say you did or didn't have qualifications but your initial question was vague.

getting a job in an IB ain't easy. especially now.
 
Unless you're prop trading there - why would you want to?

not sure, this is why I am asking, what are your views and opinions, do you have any experience in either prop or working for a bank as a trader.
 
i didn't say you did or didn't have qualifications but your initial question was vague.

getting a job in an IB ain't easy. especially now.

I can appreciate that, but trading isnt easy either,

what do you suggest? there was a point when noone had previous experience working for an IB.
 
Most bank traders aren't prop traders - they are sales, securities lending, market makers, etc.

Also, I doubt that even if you had a good track record it would matter. Most banks make their cash from services and not punting around - especially, since their recent screw up in the sub prime market.
 
credo of working at bank/HF in previous life.

i would say at least 90% of HF traders have either been in a bank/asset/fund management position. i realise i am sticking my head on the block but that is my experience.
 
Just keep asking and you might get the answer you want lol.

I think you are laughing on you own on this one............if you have nothing intelligent to post it would be more constructive for yourself to not post at all, from what I have seen you have made two so far and carry absolutely no value, what-so-ever.
 
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