| Topic Name: |
big bucks in sales |
| Message Name: |
True |
| Date Posted: |
05/01/2001 |
| In Reply To: |
In both debt and equities sales people can make more money than traders. Infact the top sales always make more 99% of traders. In equities, the trader is well payed but not as important as the sales guy. A trader is only trader is only trading ths house position - it is expected that he will loose money. If he makes money - that great, but might implied he stiffed the sales-trader. True the saler-traser is not a very glorified position. In debt the trader is actualy important because debt is all about current market conditions and nobody knows them than the trader. Equity is not only about current market conditions.
Job security in trading is shakey where as sales people are kept on downturns. ofcourse if you suck at either position you don't stand a good chance - however you can be an idiot and do well as a trader. |
| Message: |
Here is the definitive heirarchy for salaries in finance:
1) Investment bankers
2) Stockbrokers
3) Salespeople
4) Traders
Obviously it pays to be a banker, but if you want quality of life (with low pay) then be a trader.
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