glyder
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Lord Flasheart
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It doesnt matter if they train you for 1 day or 6 years they will never be able to teach you to press the button and control the trade once in it
the hare
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I guess you can only compare the effectiveness of the MSc program by comparing the average returns of those who undertook the program, against futex's general intake.
The university might find itself 5 years down the line with evidence that suggests that their program offers no value whatsoever, but they wont know until the evidence is in.
BBPI_FXTrader
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this
YouAreNotFree
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Complete this course, show your Msc cert to any prop shop, and I am sure they will snap you up.
scose-no-doubt
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Well considering I know a few people who got jobs in IB with 4k-6k MSc courses I don;t see why this one should be worth 16k. Suppose it could be okay in principle but it seems overly expensive for what it is imho. To put it into perspective, 20k buys you a MSc Economics from LSE. Cambridge is 11 bags.
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the hare
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I assume I'd have to do a little bit of work as well as hand over a bag of cash ? or have educational standards in the UK really declined so much ?
scose-no-doubt
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Declined? I assumed they'd improved massively. Is that not the reason that they want 27k for an undergrad course now?
the hare
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Standards have probably have improved massively if you measure them using the approved metrics
Yeah but they'll have 16k times x number of punters.
the hare
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and possibly an extremely poor reputation if it all goes tits up
the good bit is the uni can blame the futex guys
BeginnerJoe
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They are trying to steal from Baghdaddy's bowl. I am sure this should make some of you happy.
the hare
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I must have missed the bit where someone from futex or the uni claimed to be world trading champion
oh and the bit where either of the entities delivering this course claimed to have been employed as head trader at NYMEX
and the bit about about the hedge fund
Correct me if I'm wrong but futex do actually trade, and generate profits from their trading. I believe they also provide financial backing to successful trainee's unlike Mike Baghdaddy.
Maybe you could point out the TV ad run by futex thats been pulled by the ASA
No comparison at all between them,
R.Charnock
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Is it taught by Professor MIke Bagasloppy, by any chance?
BeginnerJoe
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Huh, are you even serious. With a degree like that, you can charge twice as much as a trading coach.
I think its a stroke of genius by Futex, the jobs market is flooded with highly educated people looking to get on the financial gravy train. I work at a prop firm and have been around the industry for years and it amazes me the quality of candidates. There is a serious case of "educational inflation".
20 years ago having a degree was your key to career development. The trainees that come through the door now are "kids" that have masters degrees and have been turned down from all the banks so looking to the higher risk career route of prop trading.
I think Futex are exploiting a generation of young professionals desperate for a foot in the door. I say exploiting because i know as a proprietary trader that what we do has very few transferable skills to other careers, i can admit that, despite the number of people that like to claim a trader's job is highly intellectual and vitally important to the world.
An Msc from a prop shop? Do me a favour? 16 grand to learn about trendlines and scalping the bund order book combined with A-Level economics plus a bit on trading psychology. I guarantee I could work with someone for 2 months and get them up to speed with what they need to be doing to stand as much chance as any other local in the market. The rest is experience, hard work and determination. Only way to learn that is to get in front of the screens for 15 hours a day and be around supportive and successful traders.
Sorry for the rant, but i just see so many young 20 year old desperate for a chance and people out there fleecing them. By all means get an Msc i highly recommend it, but do it in a subject that will open career opportunities, not limit them.
20 years ago having a degree was your key to career development. The trainees that come through the door now are "kids" that have masters degrees and have been turned down from all the banks so looking to the higher risk career route of prop trading.
I think Futex are exploiting a generation of young professionals desperate for a foot in the door. I say exploiting because i know as a proprietary trader that what we do has very few transferable skills to other careers, i can admit that, despite the number of people that like to claim a trader's job is highly intellectual and vitally important to the world.
An Msc from a prop shop? Do me a favour? 16 grand to learn about trendlines and scalping the bund order book combined with A-Level economics plus a bit on trading psychology. I guarantee I could work with someone for 2 months and get them up to speed with what they need to be doing to stand as much chance as any other local in the market. The rest is experience, hard work and determination. Only way to learn that is to get in front of the screens for 15 hours a day and be around supportive and successful traders.
Sorry for the rant, but i just see so many young 20 year old desperate for a chance and people out there fleecing them. By all means get an Msc i highly recommend it, but do it in a subject that will open career opportunities, not limit them.
