Prop Firms (W/Salary) For College Grad?

GUYS PLEASE READ:

BEFORE ANY OF YOU PM ME OR INSTANT MESSAGE ME ATLEAST GET YOUR SILLY STORIES STRAIGHT. I DONT HAVE TIME TO HELP PEOPLE WITH THEIR PIPEDREAM LIES.

For those of you that are being legit about their situation you can thank a certain azzhole for making me skeptical. Im here to help people accomplish what they are looking for not to listen to them feed me lies about their pipedream that dont have a shot at achieving.

PEACE
 
Quote from NYCFinest:

Hi,

I am a senior at Carnegie Mellon double majoring in IS and Business, with a 3.34 GPA. My primary major is in a technical discipline (IS), so it appears that a lot of companies want to hire me for IT positions, which I don't want. I am looking to start for a true prop firm in NYC that offers:

1) A salary.
2) A training program. (It seems like the firms that offer a salary offer a training program)

I have completed summer internships at Lehman (IT) and Morgan Stanley (Investment Management).

I know of these firms that offer salary:

SKTYTrading
Breakwater Capital
Harrison Trading
Allston Trading
Peak6
DRW
First New York Securities
HoldBrothers
Trillium
JumpTrading
Schonfeld securities
Zinc Trading
Opus
Swift Trade
D.E. Shaw

Does anyone know of any more firms that I can look at? I do not wish to invest any of my own capital, but I am looking to start out as a junior trader in a firm that pays salary. I did look at the bulge-bracket firms, but I didn't get through.

Also, when should I apply? It seems like many of the places that I am applying are telling me to apply back in April when I am near graduation, since they don't know what openings they will have until then.

Thanks.
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What are you smoking? You got good grades at Carnegie Mellon (my alma mater by the way) and did internships at Lehman and Morgan Stanley and now you want to join a bucket shop prop firm?

So you want to throw away a career path that could land you a mid six figure or possibly seven figure income for what...$0-$60K as a prop trader???

I'm ashamed to call you a fellow Tartan. Andrew Carnegie would be rolling in his grave...
:confused:
 
I know I'm not the original poster but what do you mean by a bucket shop? I thought some people here said the experience you get is worth something. Plus, if you get to trade with someone else's money, well, what's the risk? I mean, lol, if you have enough to pay your living expenses for several months or can stay at your parents for a while or girlfriend covering your butt, who cares?

What is that bad with a prop firm?
 
I think ive figured it out what the allure of prop trading is. I mean being a legit prop trader is the ultimate end all on the street. They are the big swinging dicks on wall street. Im talking about the prop traders for the big banks, no matter how large of a prop trader you are at a prop firm your never going to be one of the big swinging dicks that the big banks have.


My advice, if you have the grades to get into one of the big banks on their institutional desk that is by and far yoru best and most intelligent option. But if you want to take the easy way out be a prop trader at a D grade bucket shop.
 
Quote from goldenarm:


So you want to throw away a career path that could land you a mid six figure or possibly seven figure income for what...$0-$60K as a prop trader???

I'm ashamed to call you a fellow Tartan. Andrew Carnegie would be rolling in his grave...
:confused:
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WTF? Don't be an ass - or we'll be ashamed to call you a Tartan. What are you twelve years old? Meet me outside Posner and I'll give you some more school-yard taunts. :D

NYCFinest had mostly firms that pay a salary in his list. As for myself, Yes, I'd consider working anywhere I felt was most advantageous. Carnegie grew up impoverished and educated himself. I doubt he would frown on anyone with an entrepreneurial spirit striking out boldly as long as they were rational and intelligent.
 
Quote from goldenarm:

This dude's grammar sucks, but he certainly hit it right on the head!:p
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Alright. I'll keep it all in mind. My situation is that I'm looking at internships. If I get an internship at a top firm, fine - if not, I don't want to do something where I won't learn much all summer. I didn't come to Tepper to do anything uninteresting.
 
Quote from tneub:

sorry...im not trying to be harsh....its just what you wrote sounded really weak....kinda like a spoiled brat....

look man...i wish i had your credentials...but ill tell you what....without them...if i wanted to get a job on wall street...i would get it....i'd have to be creative about it....but i'd get it....if it was my interest to work at a hedge fund....i'd get a job at one....NO PROBLEM...without a college degree as well....you know why...because i would be so hungry about it....(NOT INDIFFERENT LIKE YOU ARE FEINING "if i get it fine...if not fine...nothing uninteresting 4 me")......and they would see my hunger and hire or intern me on the spot.....

a weak attitude like this will reek from your skin....you know....like a drunk homeless bum...that hasn't drank in a couple days for lack of funds...but smells like a brewery....the only difference is that a seasoned business man is the only one who can smell how you reek....think about it...
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I get your point - but it's not like I'm being wishy-washy about any of this. I think you're taking my "that's fine" differently than I intended. I'm not indifferent. I just can't bank on getting a top internship.

Yeah - I won't settle for anything uninteresting. I'm not saying that to be a brat but because I want something interesting. It's an uncompromising stance, admittedly.

There are many paths to $100K+ jobs - but the key thing here is that I've spent too much time doing stuff I'm not really interested in and I don't want to continue that. If it's not a passion, I don't want to do it. I'd rather work for less than I make now. It ain't the money, really.
 
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