How Millionaire Bankers Actually Work

[2rosy]

in 2001, I heard the same thing. There was talk that the trading floor wouldn’t exist in 10 years. Our groups headcount never went down, it only grew: New innovations, more complex risk, greater volumes, and more services.

in those 23 years many many people started as an intern and retired wealthy.

I suppose it depends on the product and client base (captive, unsophisticated). For vanilla instruments and products it's self serve or can be.

 

[ironchef]

Just like some paper traders on ET.

Be nice to us paper traders. When we get it right we will go live.

 

[ironchef]

in 2001, I heard the same thing. There was talk that the trading floor wouldn’t exist in 10 years. Our groups headcount never went down, it only grew: New innovations, more complex risk, greater volumes, and more services.

in those 23 years many many people started as an intern and retired wealthy.

Because you folks were able to convince/suck in more retails like me who contributed to their wealth.

 

[newwurldmn]

I suppose it depends on the product and client base (captive, unsophisticated). For vanilla instruments and products it's self serve or can be.

even the cash trading desk wasn’t smaller.