Quote from cvds16:
market makers are price makers not price takers. And don't get fooled all too much by all the hype, most market making isn't rocket science, it's just trading and keeping inventory in check and if not adjusting your prices to get your greeks/inventory better positioned. Anybody who is fast thinker, with decent brain and a lot of common sense can learn how to make markets in options. But you're gonna have to really spend some time to get to know the in and outs. It's basically that, spending a lot of time to learn it, it ain't that difficult.
Quote from DarkProtoman:
I've got that...now all I need to do is get my BS in finance w/ a minor in compsci, and join a derivatives market-making firm at an entry position in their trading dept.
Btw, why exactly would I be found interesting to a prop trading/market-making firm due to being a former echocardiographer? Because I can work under pressure, and quickly analyze complicated charts and graphs?
Quote from lolatency:
If you come out of a top engineering school or an ivy league school, forward me your resume and I will pass it on to my boss when hiring time comes around. Alternatively, if you have some kind of spectacular achievement we should know about, you can also forward a resume along.
Wall St. is really fickle. Everyone in my group is either out of Berkeley, MIT, UIUC, CMU or the Ivy League schools. We have one person from NYU; however, they don't even bother looking through 2nd tier school resumes. Stupid, I know, but what are you gonna do.
Quote from lolatency:
If you come out of a top engineering school or an ivy league school, forward me your resume and I will pass it on to my boss when hiring time comes around. Alternatively, if you have some kind of spectacular achievement we should know about, you can also forward a resume along.
Wall St. is really fickle. Everyone in my group is either out of Berkeley, MIT, UIUC, CMU or the Ivy League schools. We have one person from NYU; however, they don't even bother looking through 2nd tier school resumes. Stupid, I know, but what are you gonna do.
Quote from rosy2:
learn to program. you cannot develop and implement automated trading algorithms or even research without knowing how to program.
you might not realize how automated trading is and what entry people and some people called traders actually do.
the more and more I work in this industry the more and more I automate people out of jobs.
Quote from DarkProtoman:
What about starting at a small firm, work my way up, and then find a job at a big, well-known firm.
Why do people think Ivy League means quality...there's so much grade inflation. CSULB is a fine school.
If they want ivy league, maybe I could do my BS at CSULB, and get my Master's in Financial Engineering at Berkeley. http://mfe.haas.berkeley.edu/index.html
Quote from lolatency:
There's grade inflation, but it's just a cheap and quick filter to get rid of everyone who might not be smart. HR and resume readers are lazy. They want to type in a few key words and find what they want. They are not going to type in "University of Phoenix Online" or "Cal State Fullerton".
Quote from DarkProtoman:
So, basically they're saying an A from CSULB is worth less than an A from Berkeley?
As long as you can program, do math, and understand derivatives markets, you should be able to get a job.