| Topic Name: |
Proprietary/ Daytrading |
| Message Name: |
Decision Trade? |
| Date Posted: |
03/24/2002 |
| Message: |
I have a job offer from a proprietary trading firm on the west coast. They are based in San Fran, my location would be a diff. office. Pay is of course based on profit.
For six months, they pay a stipend, possibly just enough to live on. After that, their payout scale goes as high as 70% as soon as you begin producing. There are no benefits, in order to maximize payout. No capital of my own is required, and it is not required that I cover losses. The firm does not seem polished in the wall st sense, however they are very honest and have told me most candidates fail.
I love trading, have spent years studying it outside of classes.
How is this experience looked upon by top b-schools, mutual funds, hedge funds, wall street ect?
I have tried to get a job on Wall Street, but it seems out of reach as of now.
I am a top tier state school grad, with a good but less than perfect resume.
How is this position honestly looked upon in comparision to-
1.Direcctors and Officers Underwriting at a major player in the insurance field.
or
2. Beginning entry level at a smaller option market making firm.
I would be perfectly happy trading the rest of my life, however if I fail I need to know the effect this has on the resume.
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