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Vault Message Board: Sales & Trading

Topic Name: First new york securities
Message Name: $$$
Date Posted: 01/07/2004
In Reply To: I am curious to know how much prop traders at FNYS make a month.. in average. I know the variance will be huge, but what would you say the better half of traders are making monthly. Thanks.
Message: First year TAs at FNYS get $45k, then move on to draw vs. P/L the second year. The interviewer asked me how much I thought I could make my first year after the training period at FNYS. FOOLISHLY I tried to be humble, as I had ZERO prop trading experience, and said that six figures would be my short-term goal. WRONG ANSWER! He quickly shot me down and said that he want his traders to shoot for millions right out of the gate. Riiiiiiiiight...good luck!

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