About to graduate, what should I do?

[murray t turtle]

You're over-complicating.

Make sure you got the profitable strategy & you understand the game from A to Z.
(Noone knows it that well, but one can try/do his best)

Get the capital.
Prove that it works & get your family/friends on board (as clients)

Get the licenses, start your own bis & go big.

%%
Good points ;
except most are not suited for working with thier own family money/too many conflicts.
OF course Bill Gates borrowed $50,00, from his dad, also not suggesting that.
Dave RAMSEY BOOKS help a lot/most investors make money.
NOT a predicition; Abraham Salem 's grandad said something like=congrats , you chose the fasted way to lose money...................................................................,

 

[Nobert]

Abraham Salem 's grandad said something like=congrats , you chose the fasted way to lose money...................................................................,

Oh, the good old type of troll-granddad. Classics.
Mine gave me a look as if i told him, that i was abducted by aliens, once i told him about financial securities 4 years ago.
Long story short, ~65% up since August.

%%
Good points ;
except most are not suited for working with their own family money/too many conflicts.

Could you name some reasons why not?
Wondering what to expect myself.

 

[Amatrue]

My school and course is rank top 40 in the world. Its definitely not ivy league level, but I also don't think its state school level.

 

[easymon1]

I've read enough to understand that hard work and passion does not exactly translate to success in trading. There are many out there that have yet to achieve consistency after 10+ years of trading. I am very passionate about trading and I have confidence in being able to find my edge, but I believe I should still have something to fall back on like a job so I wouldn't be homeless at the end of the day.

How much money does it cost to pay your ongoing bills?

 

[taowave]

Listen to GAT...

Assuming you cant get a job on a trading desk,and you cant afford to offer to work for free,get a job in the back or middle office,but make sure it has exposure to a trading desk...

Worst case scenario if you are really sharp and hungry,you may not ever make it to the trading floor,but you can still make a shitload of money if you get to be an MD..

Just make sure you bring your A game from day one....

Investment bank grad scheme, then moved to the buy side.



Another option you might consider is getting a back or middle office type job and working your way in from there. It is possible, although not as easy as if you can walk straight into the front office.

The other thing that might help is that some IB grad schemes recruit initially through an online test, which is background-blind.

It probably helped me: I did a maths test and because I was in the top 1% or 5% (can't remember) I was guaranteed an interview. I had a slightly weird CV (I was 7 years older than the average grade) went to a good university - but not super top tier - but I was top of my class acamemically, so I may or may not have had a chance otherwise.

Finally, this might help.


GAT

 

[curiousGeorge8]

A relevant question to ask is whether trading is a sunset industry. All the evidence seem to indicate it is. To learn something for a long time with a low successful rate is a huge career risk.

 

[easymon1]

Best Undergraduate Degrees for Day Traders
https://www.investopedia.com/articl...15/best-undergraduate-degrees-day-traders.asp

 

[bone]

A college degree won't make you a better trader.

However, elite trading firms and banks do use educational background as a filtering mechanism. But having an economics degree from U. of Chicago or LSE will not make a person a better trader.

Best Undergraduate Degrees for Day Traders
https://www.investopedia.com/articl...15/best-undergraduate-degrees-day-traders.asp
"...
Economics: George Soros, Ray Dalio, and Jim Rogers are three men famous for their macro-economic-based trading philosophies. A degree in economics will expose the budding trader to business cycles, economic indicators, currencies, interest rates, and monetary/fiscal policy. As history tends to repeat itself, economics graduates would have become familiar with the inner workings of important policy decisions, economic shocks, and crises, as well as their impacts on a global scale. Moreover, economic intuition will allow day traders to better understand the news flows and current events that may lead to trade decisions. Finally, economics degrees should expose undergraduates to basic regression and statistical analysis, both of which are utilized in futures trading...."

 

[SteveM]

My school and course is rank top 40 in the world. Its definitely not ivy league level, but I also don't think its state school level.

"Brand name" university education is going to increasingly become less important as the world becomes less institutionalized and more decentralized. Don't fret. Focus on getting your foot in the door at a well-known company, and immediately start working as hard as possible to make yourself indispensable. Find out what skills employers need. Learn those skills on your own time.

Add credentials as you go. When it comes to rising in this world, it is often the tortoise, not the hare the ends up winning the race. I have seen numerous people in my working life who have risen to high positions within companies not because they were the smartest, not because they had the best degrees, but because they became the most useful/knowledgeable one day at a time. Focus on people skills too - you cannot rise in a large organization without being able to get along with others.

And finally, one big advantage in the modern world is if you are able to combine skillsets. Say for example your first job you take is entry-level accounting for a medical devices company. You stay there three years, get a a couple certifications, learn to code on the side.....after three years, you are suddenly someone who is very knowledgeable about medical device accounting, and you also know how to write programming solutions to help you speed up tasks in medical device accounting.

Well guess what, there is very likely to be small medical device startup who desperately needs someone who knows accounting, and who also knows programming solutions to solve problems in that industry....and now you are one of the few people with those skills. Next thing you know, you are getting a big offer to go work for this company because they cannot find someone with your combo of skills.

That is the way you should be thinking in this modern world, OP. Do not worry about the name on your degree. Worry about getting a 5 year plan and vision for your life in place.

 

[easymon1]

A college degree won't make you a better trader.

However, elite trading firms and banks do use educational background as a filtering mechanism. But having an economics degree from U. of Chicago or LSE will not make a person a better trader.

He just wants in the door.

OP, better late than never...
_Get a mentor
_Network
_Know and Expand what you bring to the table.