Be hired as a trader...

A

agras

I have seen ads like the following:

"Work in the heart of where it all happens. H&R Block Financial Advisors has opportunities for quick, sharp individuals to build careers working on H&R Block Financial Advisors' trading floor. Candidates will begin with an intensive 18-30 month training program and certification process (Series 7, 63, and 55 licensing).

The responsibilities of an assistant trader include: executing orders, handling trade relays, spotting market trends and monitoring and updating market quotations. Potential candidates should possess a bachelor's degree or prior securities industry experience"

Sounds like a good approach for somebody who wants to be a trader. Am I missing something?

Do financial institutions hire and train traders with little experience? How can I make an efficient search to find those institutions?

I would welcome any feedback.

agras01@hotmail.com[/email.com]

agras
 
Go for it.

Usually "financial advisor" is a sales position, but that one does not sound like it is sales.

They are going to get plenty of resumes.
 
H&R Block closed their market making operations. Sad, because it was really the recently purchased Olde Discount operation they shut down and Olde was among the best.

<a href="http://www.tradersmagazine.com/articledetail.cfm?mag_id=1&aid=1230&year=2002&search=olde">In a sign</a> of hard times, H&R Block Financial Advisors, formerly Olde Discount, shut down its market making operation last month. The broker blamed lower profitability due to the introduction of penny increments and the slump in retail volume. "In the current market environment, the business model is no longer sustainable," said Tom Fitzgerald, chief operating officer of the broker dealer subsidiary of the well-known tax preparation house. "Adapting to the changes in hopes of increasing profitability would have required us to take on significantly more risk and expend more resources."
More...
 
Thug_Life I think you are right. Ads like those get a lot of responses.

chasinfla, you seem very knowledgeable. How did you find that info that fast? Very well organized!!! Can you elaborate in my questions?
 
agras, I just happened to read that about HR today. All the info I have on it is at the link.

I interviewed with Olde back in the stone age. For a while I had half an eye on them. Their reputation was that of some very astute traders. I had personal disagreement with their 'business model.'
 
I worked in the business. The trading room is one the most difficult areas to get into . Let me put it this way the people who gets the trading jobs usually went to an Ivy League school or have other connections in the company or prior experience.
 
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