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Topic Name: leaving prop trading
Message Name: Trading
Date Posted: 03/13/2006
In Reply To: I took a job at a prop trading firm (my first real job out of college, following two years of volunteer work in Central America). I was desperate for a job at the time but two years after being hired I kmow this is not the firm nor the job for me to grow with. I would ideally like to get a trading job with a big bank and get a good education in the business. I have a BA in economics and International Affairs from the Univ. of Colorado-Boulder(3.1 GPA). I am fluent in two other foreign languages and have all of the appropriate licences (7,63,55). I don't want to be cornered into a job as a proprietary day trader and know I will excel with a better firm. Any suggestions? All opinions and help is welcomed and appreciated.
Message: The number of traditional trading jobs are shrinking and this is a trend that will probably continue as more trading goes electronic and more asset owners and managers are looking to eliminate the broker. The best way to get a trading job is networking, most jobs are not posted. So start talking to a few traders, find out what the job is like. You can also sent a blind letter to the head of capital markets at target banks.

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