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Nah. Programmers have taken some of the trading roles, but not analyst roles. There will still probably be about 20 MBA grads from the U. of Chicago that go into trading this year. Analyst roles are more about analytical and strategic thinking, which is the MBA arena. In general, MBA jobs lead...

False

Irrelevant. Bottom line is that the top banks hire analysts and traders from top MBA programs. Does that mean they don't hire programmers, financial engineers, quant traders, and the like? No of course not, but one does not preclude the other. MBAs also work for UBS, Citigroup, Goldman Sachs...

You are right. I just called my friend who has been a bond trader since 2006 (when we graduated from MBA), and he told me he's been cold calling for seven years since graduation! He got duped! Your statements are baseless and without substance--no knowledge or experience.

LOL yeah sure man. Im sure Barclays hires expensive MBAs to go cold call random customers. Yep, you got the truth nailed down!

Some Current jobs from a top ten MBA job board. Don't these jobs look like sales jobs? I'm definitely sure they need powerpoint skills! 1) Fixed Income Analyst UBS AG 2) Market Risk Reporting Analyst Citigroup, Inc. 3) Preferred Stock Desk Analyst Oppenheimer & Co. Inc. 4) Junior...

You are just spinning nonsense and generalities with your chart and comments. There are very few sales jobs advertised for MBAs. MBAs tend to be more analyst types, and most MBAs didn't go to school to go into sales. What you say may apply to < top 50 MBA schools, but is incorrect for top ten...

Your comments about the MBA are not true. You can work in prop trading for a bank. Banks have positions that they fill with fresh MBAs every year. You will have the chance to network and possibly gain one of those coveted trading spots. You could also work for a hedge fund. You do need a top ten...

Depends on what type of trader you want to be. For quant trading or derivatives trading, I might recommend a master's in financial engineering. Otherwise, I'd consider a MBA at a top ten school. My advice would be as follows: 1--get the best job that you can and work hard at it and do well...

Yeah I was talking about myself. Booth was great--so much fun. I still miss it. It's like a 2 year party. Career-wise there is so much opportunity. My only cluster fu#$# was that I was unsure of which career to pursue when I got there, and Booth is setup such that it really helps if you know...

EMG--What is your opinion of the following situation? A person does a MBA at one of the prestigious schools mentioned (U. Chicago), but doesn't pursue trading at that time. A couple years into a corporate path, quits all that and starts trading. Has zero background in trading. Gets stuck in...

No David Keller's job exists because he and his department help the portfolio managers at Fidelity make the best decisions about which stocks to invest in. That's what a technical analyst does.

If you can make bank as a retail daytrader, dont think anyone will call you a LOSER....

1) create a proven and definable edge in the market place --preferably prove that edge out over a large sample size (like a 100 trades) use of patterns is one way to do it; understanding macroeconomics is another way (fundamental vs technical); 2) make sure you can execute this system...

sorry didnt mean to go on and on about my story, but I wanted to convey that yes it is possible I am discretionary--which is the nature of the wyckoff method. I am fairly automated with my exiting and targets, not automated as in a program makes decisions for me; but automated in terms of...

I was an engineer myself, and quit my job and have transitioned to full-time trader. However, the way I went about it was rough. I quit my job and just started living and breathing markets all day everyday including weekends. 12-15 hours a day. I was completely green when I started. It took...

I think that's the bottom line---you have to be a superstar trader to make this work out---like you said triple digit performance numbers.

That's actually very helpful. Thanks. On the "how much I expect to make" part, I get what you're saying. Because of the additional buying power, I could make a ton more than what I could make with a retail 10K account.

I have the same exact deal with Avatar Securities. I am not familiar with equity prop trading though (I trade forex), but am considering the offer. Things I dont get: --why are funds locked for 1 year? Big deterrent for me in case it doesnt work out, and I should know in 6 months --am I...

OK maybe Im not pure. for my range breakout plays, I dont have any lines on the chart at all. for the trendline bounce, just take the trendline off the chart---its just there for visual reasons---dont need it though. A lot of times price is not even hitting the trendline (because it...