Getting a job as a Junior Trader

R

robb216

I'm a Senior at a state school, which means I'm not a target of any firms. I have good grades, but only did one short internship in wealth management. I realized I have no interest in this area. I would like to get into futures / options trading. I understand I'll have to go to a small firm, but would like to know some steps toward doing this. I have started paper trading, and plan on signing up for the Series 3 (just to add one more thing to my resume). I also plan on doing some informational interviews to try and make some connections and learn better what to expect in the interview process. I was wondering a few things
1) Should I take the CFA as soon as I can, and not wait on a firm to sponsor (pay) for me for it?
2) Does showing my record in paper trading truly help?
3) I took a year off last year to pursue an amateur boxing career. Is this something that will be frowned upon?
4) Are there any other exams I could take to boost my resume? (Any sorts of licenses, etc)

Thanks for the help people!
 
(1) yes, if you have the cash.
(2) not really, but it's a discussion point - i've seen smaller things tip the scales
(3) no, it's a plus if anything - i'd hire an athlete over a geek
(4) CFA is the exam
(5) you might still have a chance for lesser name firm if you can get your CV there - e.g. not Goldman but Wachovia

-- what's your major? math/science?
-- programming skills?
-- what is a "state school"? - is it UC Berkley or is it SUNY Albany?
 
Quote from sle:

(1) yes, if you have the cash.
(2) not really, but it's a discussion point - i've seen smaller things tip the scales
(3) no, it's a plus if anything - i'd hire an athlete over a geek
(4) CFA is the exam
(5) you might still have a chance for lesser name firm if you can get your CV there - e.g. not Goldman but Wachovia

-- what's your major? math/science?
-- programming skills?
-- what is a "state school"? - is it UC Berkley or is it SUNY Albany?
More...

Wachovia hasn't been around for some time now, he may not even know who that is. :D
 
Quote from blueraincap:

maybe you can join Transmarket
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agreed. there are many firms in chicago that match your background. the boxing is a highlight. there's an actuary exam that one firm liked
 
having worked the prop scene in chicago, I'll give you a little advice.

CFA and series 3 don't hurt, but honestly, prop shops don't give a flying f*** at the end of the day.

Decent grades and being able to show an interest and understanding of the markets along with outstanding math skills are what get you in the door. Knowledge of game theory is helpful. Being able to talk about a paper trading account I would think would be helpful as well.

Not sure if you live in Chicago but you will probably have to move here, as all the major shops involved in fut and opts are here. You may be required to work the night shift for 1-2 years as well.

Best of luck.
 
I should note though, getting the CFA is not a bad idea if the prop scene doesn't work out for ya.
I'd still say get it, just don't expect them to give a shit that you have it.
 
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