I recently graduated from Northwestern University with a B.A. in Economics, but have no desire to begin working in the suit-filled, soul-stealing environment of an I-bank like most of my Econ counterparts. Thus, I am exploring a riskier "career path" in trading, specifically equity trading to start out as I learn.
While I recognize that "trading" and "security" go together like oil and water, as a recent grad with significant student loan debts and no access to capital, I am looking for the most secure position possible in this insecure industry.
With that said, I am looking for feedback on what types of opportunities are out there at established trading firms which will provide solid training and then the opportunity to trade with the firm's capital. Specific names, places to look for positions, etc. would be appreciated, but most importantly I am interested in just hearing general feedback on this from people who have experience or are familiar with such firms. I want to know where to start and what steps to take.
What type of job security can I expect the fist 6 mos-1 yr as I am still largely learning and practicing strategies, and if I achieve moderate to excellent success once I start, what level of compensation is realistic for me?
Also, what are the drawbacks of established firms (I'm guessing bsically higher commissions, and obviously less percentage of payouts as it is the firm's capital), and do you think as someone with no experience and in need of at least some security, it would only make sense to pursue trading right now if it is at an established firm?
I truly appreciate helpful feedback on this, thanks.
While I recognize that "trading" and "security" go together like oil and water, as a recent grad with significant student loan debts and no access to capital, I am looking for the most secure position possible in this insecure industry.
With that said, I am looking for feedback on what types of opportunities are out there at established trading firms which will provide solid training and then the opportunity to trade with the firm's capital. Specific names, places to look for positions, etc. would be appreciated, but most importantly I am interested in just hearing general feedback on this from people who have experience or are familiar with such firms. I want to know where to start and what steps to take.
What type of job security can I expect the fist 6 mos-1 yr as I am still largely learning and practicing strategies, and if I achieve moderate to excellent success once I start, what level of compensation is realistic for me?
Also, what are the drawbacks of established firms (I'm guessing bsically higher commissions, and obviously less percentage of payouts as it is the firm's capital), and do you think as someone with no experience and in need of at least some security, it would only make sense to pursue trading right now if it is at an established firm?
I truly appreciate helpful feedback on this, thanks.
