Base Salary + Payout

Originally posted by liltrdr
just wanna ask trader99. Do you have to take into account cost of living for these salaries? NYC aint cheap.
More...

Yeah, NYC isn't cheap. That's why I'm not in NYC! haha. Anyhow, I'm not saying one is better than the other. It's all dependent on who you are and what you want.

I guess one thing is though, as the title of this thread "base salary + payout" most prop trading shops don't have base which can be quite different in the first yr or even two while the trader learns.

that's all. in the long run, if you are super duper uper good, then i think prop trading shops are the way to go with 20-90% cut. But then again, what kind of positions can you hold onto? 10K+ overnites or several weeks if it's in a good trend? I don't know.
 
Originally posted by Don Bright
It seems that we agree on several major points about the overall state of the markets, employment, etc. (judging by the last couple of exchanges)....but I really want to ask again (not to bug you) about some direct sources for these positions (personnel dept's at certain firms or "head hunters" - or trade journals, etc.). I don't doubt the authenticity of your posts, I am just curious why I have not seen such information in the last couple of years.

Job titles are a bit vague, but I assume that there are more details printed somewhere, for candidates to look at.

If you can, just point me in the right direction and I'll see what's out there. As I said before, this is a good gauge of the Global condition of the markets (who is hiring whom, for how much, and to do what...is valuable).

Thanks again....


Don
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Don,

There are postings every day on job boards. Just do a search. But since you have been "bugging" about it(nothing wrong with that since you want to know some facts and don't know where to look for them), I did a little search for you on Bloomberg(you can do it via the terminal or the website). But it's nothing unique. Tons of postings on Yahoo,Monster, and any number of job boards. So, there are definitely still positions out there. But unfortunately, NOT as many in equities as I pointed out earlier since the naz bubble bursted.

Here's a posting from Bloomberg. Enjoy:
____________________________________

Emerging Markets Credit Derivative Trader
Details

Company: The Delafield Group
Location: US-NY-New York
Base Pay: $150,000 - $250,000/Year
Bonus: $500,000
Employee Type: Full-Time Employee
Industry: Banking - Financial Services
Other Great Industries
Securities

Job Type: Finance
Other
Professional Services
Required Education: Graduate Degree
Required Experience: More than 5 Years
Required Travel: Negligible
Relocation Covered: No


Description

Bank seeks Emerging Markets Credit Derivative Trader/Structurer to add to existing team. Candidate will possess a minimum of ten solid years
plus trading and structuring.A stable work history,consistent track record from a well known credit derivatives firm,excellent academic
credentials and advanced degrees are required.

Requirements

Investment Bank is seeking a seasoned Emerging Markets Credit Derivatives Trader/Structurer to add to their existing team.
Candidate will possess a minimum of six to ten solid and
profitable years in this position with a well known credit
derivatives firm.Fluency in Spanish a plus.Excellent academic credentials preferable with advanced degrees in engineering from
a top school are required.

Contact Information
Company: The Delafield Group
Contact: Diane L. Viegas
Email: J471J6NTG2BZQ3QBZS_cbcb_bb@apply.careerbuilder.com
Phone: 203-656-2516
Fax: Not Available
Ref ID: Not Available




Send this Job to a Friend

Save This

http://www.careerbuilder.com/JobSee...L;QS=sid_cblm07;SS=NO;TITL=0&lr=cbcb_bb&ch=al
 
The list just goes on and on.. I'm surprised you never thought about looking at Bloomberg terminal/website since that's the ground zero for info among finance people.

_____________________________________________

HIGH YIELD TRADER
Details

Location: US-NY-New York
Base Pay: $100,000 - $120,000/Year
Bonus: $240,000
Employee Type: Full-Time Employee
Industry: Banking - Financial Services

Job Type: Finance
Required Education: 4 Year Degree
Required Experience: More than 5 Years
Required Travel: Negligible
Relocation Covered: No


Description

North American Bank seeks High Yield trader with 6 to 10 years trading experience(minimum 1 year High Yield experience)to join their NY desk. This bank is building it's name in US High Yield. The successful candidate will help build this business.

Requirements

Undergraduate Degree
5 Years Trading Experience
1 Year high Yield Trading Experience

Contact Information
Company: Not Available
Contact: Not Available
Email: J31T963FQZNS7BKPT1_cbcb_bb@apply.careerbuilder.com
Phone: Not Available
Fax: Not Available
Ref ID: 730
 
the cha-cha's that Don and his "older, wiser and better-looking" brother bring in every year, I don't think they'll EVER need to <look> for work again.......I know their very successful traders and Don has several other business's in his background that have nothing to do with trading either


Good trading all......

mrktwiz
 
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