The most appropriate trading career path

cnon

Junior member
16 0
Hello everyone;

I am the newest guy in this forum:D and doing my finance master right now as well as have a bachelors in economics.I made a lot of research on finance career paths and just decided to be a trader.I am deeply interested in behavioral finance,monetary policy and probability.How can i understand which type of trading is best for me?As a career goal,i want to do self trading for around 3 months before applying the trading interns.Further,i am an international student and need a sponsor after completing my OPT which is just a one year work permit,so which institutions are most likely to be a sponsor for int.students?
 

D70

Established member
839 195
Hello everyone;

I am the newest guy in this forum:D and doing my finance master right now as well as have a bachelors in economics.I made a lot of research on finance career paths and just decided to be a trader.I am deeply interested in behavioral finance,monetary policy and probability.How can i understand which type of trading is best for me?As a career goal,i want to do self trading for around 3 months before applying the trading interns.Further,i am an international student and need a sponsor after completing my OPT which is just a one year work permit,so which institutions are most likely to be a sponsor for int.students?

You are doing a masters in finance and have a bachelors in economcis and "just decided to be a trader"............ well, holy ****ing horse****. Someone hire the man.

:help::help::help::help::help::help::help::help::help:
 

cnon

Junior member
16 0
You are doing a masters in finance and have a bachelors in economcis and "just decided to be a trader"............ well, holy ****ing horse****. Someone hire the man.

:help::help::help::help::help::help::help::help::help:

At first,i was considering to go with corporate side but after making researches i figured out that trading is more appropriate for me however i don't know which type of trading is most related to my skills.
 

D70

Established member
839 195
At first,i was considering to go with corporate side but after making researches i figured out that trading is more appropriate for me however i don't know which type of trading is most related to my skills.

I can pretty much guarantee that you'll never be hired.

By the time I had finished my degree I had done 6 months at Rothschild Asset Management, 6 months at WestLB (Bond syndication team) and internships at Goldman Sachs (FICC division), UBS (M&A division).

This was over a decade ago but last time I checked there were other kids doing the same; getting to know the industry, the banks, make some contacts..... you have done ........ nothing?
 
C

cablemonster

0 0
Hello everyone;

I am the newest guy in this forum:D and doing my finance master right now as well as have a bachelors in economics.I made a lot of research on finance career paths and just decided to be a trader.I am deeply interested in behavioral finance,monetary policy and probability.How can i understand which type of trading is best for me?As a career goal,i want to do self trading for around 3 months before applying the trading interns.Further,i am an international student and need a sponsor after completing my OPT which is just a one year work permit,so which institutions are most likely to be a sponsor for int.students?

Hey

Here is my 2c. From my experience D70 is correct (although he put it a little bluntly) in that to get accepted in a graduate trader position you will need a 2:1 minimum (pref 1st) from a decent Uni. In these times of dwindling headcounts you will also need to show something in the form of work experience/internships on your CV. There are tonnes of european grads out there with 2:1 and 1st with Masters with experience. So if you dont have these it is not impossible but improbable.

Here is the good news though, you may think you want to be a trader at an IB but in reality it may not match up to your expectations of the role. There are many other functions at IB's and institutions which offer very good longevity asset management, treasury, analysts etc to name a few. You need to find out what your skill set is or can be developed into.

my advice is to be open minded with positivity when considering working for a bank/institution. If you could work as an analyst for 2-3 years you can easily shape shift into a role you prefer on the basis of merit. If you work in the city you will likely develop a peer group who are in differing roles, you will soon work out what is what and follow your gut instinct.
 

cnon

Junior member
16 0
I can pretty much guarantee that you'll never be hired.

By the time I had finished my degree I had done 6 months at Rothschild Asset Management, 6 months at WestLB (Bond syndication team) and internships at Goldman Sachs (FICC division), UBS (M&A division).

This was over a decade ago but last time I checked there were other kids doing the same; getting to know the industry, the banks, make some contacts..... you have done ........ nothing?

I am going to apply for jobs in next June,so there is a one year ahead of me.I am considering to buy a trading computer system and software and start as a retail trader with low amounts.After 3-4 months later i will apply for internships in proprietary firms.Don't you think it will work:innocent:?
 

D70

Established member
839 195
I am going to apply for jobs in next June,so there is a one year ahead of me.I am considering to buy a trading computer system and software and start as a retail trader with low amounts.After 3-4 months later i will apply for internships in proprietary firms.Don't you think it will work:innocent:?

You have 1 year to learn about the industry you are pretending to want to join. From your posts thus far, it looks like you are starting from a knowledge base of zero.

Best of luck.
 

cnon

Junior member
16 0
I graduate from Istanbul University and doing master in Fairfield Uni.I figure out that i need to research more on career paths.In terms of IB analyst,i am not eager to that because they don't have any social life due to long work hours.Maybe research analyst is a good option to start after graduation.This year i can study CFA and pass level 1 also make 2 interns in small firms.
 

NVP

Legendary member
37,766 2,101
I can pretty much guarantee that you'll never be hired.

By the time I had finished my degree I had done 6 months at Rothschild Asset Management, 6 months at WestLB (Bond syndication team) and internships at Goldman Sachs (FICC division), UBS (M&A division).

This was over a decade ago but last time I checked there were other kids doing the same; getting to know the industry, the banks, make some contacts..... you have done ........ nothing?


By the time I decided not to do a degree I had spent 16 years under the tuition of my Grandad and Dad as an Accountant specialising in the "Turf" variety .......I also seem to remember my Grandad did 6 months somewhere.......but I dont think it was at Rothschilds Asset management although i'm sure it did involve a select establishment funded by her Majestys Government......

since then I did pick up an accounting qualification along the way but in truth nothing much I have studied academically prepared or helped me in the nasty rough tough Trading world we move in.........:cool:

N
 

scose-no-doubt

Veteren member
4,630 954
I'm here cos I'm looking for lulz, not a trading career. You're feeding my habit, currently.

Anyhew, you can get IB jobs with an MSc and no experience, I know people who've done it, though they may be the exceptions that prove the rule.

The first thing you should do is lose the sense of entitlement that most graduates stink up the air with. Be prepared to be told that most of what you learned is irrelevant, and, more to the point, horse5hit.

Do that and get some networking under your belt and the world's your oyster.
 
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Hakuna Matata

Well-known member
357 209
I can pretty much guarantee that you'll never be hired.

By the time I had finished my degree I had done 6 months at Rothschild Asset Management, 6 months at WestLB (Bond syndication team) and internships at Goldman Sachs (FICC division), UBS (M&A division).

This was over a decade ago but last time I checked there were other kids doing the same; getting to know the industry, the banks, make some contacts..... you have done ........ nothing?

cool story bro (y)
 

NVP

Legendary member
37,766 2,101
I'm here cos I'm looking for lulz, not a trading career. You're feeding my habit, currently.

Anyhew, you can get IB jobs with an MSc and no experience, I know people who've done it, though they may be the exceptions that prove the rule.

The first thing you should do is lose the sense of entitlement that most graduates stink up the air with. Be prepared to be told that most of what you learned is irrelevant, and, more to the point, horse5hit.

Do that and get some networking under your belt and the world's your oyster.

excellent advice............goes for grads in all industries ive worked in .....and its meant as no offence to the Graddy's involved............its just the way it is .......:cool:
 
 
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