blancspa
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4. Prop trading is NOT a natural stepping stone into a bank.
Although I know of one person who has managed it... most banks will NOT touch you once you've been in a prop trading house (rightly or wrongly). I just met up with someone at the Trader Monthly event in Harrods tonight. He was with me in the Schneider's Trader Training Course and has been told by recruitment consultants that they weren't interested once he revealed he attended a prop house training scheme.
I have an interview with Schneider next week, and am looking forward to a potentially exciting opportunity. However, forgive my ignorance, but with reference to the above, why do you claim that banks are so anti-hiring ex prop shop traders? I understand that if you apply to a bank from a prop shop it can indicate lack of trading success, which will naturally be unattractive.
Thanks
I dont neccesarily agree, to me risk managament methods, strategy and methodology in general are laughable. Dont know how it looks like in banks but I presume they dont want somebody who tried to scalp NFP - thats just not Basel II Accord standard me beliefs.