Recent content by Arb

yet again, you are showing your ignorance. at any big firm, all new entrants are hired through a centralized recruiting process where you'll be interviewed by people from a number of areas. btw, i forwarded this thread to a number of colleagues and ex-colleagues. you'll probably never work on a...

dude, if the firm is in the top 10 for fx, it probably european and\or a commercial bank. in my mind, a major player means goldman, merrill, jpm, morgan stanley etc. i agree, there are a lot of traders making way more than 500K, but then again, it's way more than you're ever likely to see...

I went to work for a friend at another firm, plus with a two year guarantee (you'll find this happens a lot on Wall St. after a couple of years work experience, most subsequent jobs will be through contacts you make). I still think GS is a great firm though, probably the best on the street in...

Any firm which gives a guy his own book within 3 weeks of leaving school obviously isn't a major player. And just because someone is a partner\director, doesn't mean he is a manager. In fact, 90% of them won't be. And fyi, I chose to be a quant because I enjoy it more than trading. I've made...

I think you're the one talking crap. And you get your indepth knowledge from where ? School ? TV ? When you grow up, you'll see how things work in the real world. I spent 5 years at GS and previously worked at Lehman and CSFB, initially as a fixed income trader and subsequently as a quant...

Here are some numbers from a recent survey: First Year Analyst $60K - 110K Bachelor's Third Year Analyst $80K - 200K Bachelor's First Year Associate $125K - 235K MBA Third Year Associate $150 - 450K MBA Assistant Vice President $200K - 600K 2-4 years Vice President $250K -...

On the one hand, the current downsizing\merger fad has made jobs on Wall St. less secure, but on the other hand, 2 year guarantees are now the norm.... so if someone wants to lay me off after 6 months and pay out my 2 year guarantee, who am I to argue ? Also, I don't think you'd find anyone...

Total BS. Any half decent trader\salesperson at a major firm will clear $1M within 5 yrs, easily. I made $500K just writing software for these guys. If you join a Wall St. firm, and can last a few years, you're pretty much guaranteed to be making more money than 99.99% of day traders, and...