Say goodbye to the dream

[dlv54]

the ev of trading v. ev of playing/doing something else should be less of a consideration than the long hours/ lifestyle changes. i graduated from lawschool 1.5 yr ago and did the big ny law firm thing for a yr. and hated the lifestye (prob. also due to uninteresting work).

my advice: give it a try, commit to it for a year, and if its not something you love you can reevaluate then. with the hours you'll be putting in, you'll have to love it to stay. and when you make the decision at that point, try to factor the money in to a minimal extent, b/c monies will come for you, and memento mori

[Jonathan]

[ QUOTE ]
[ QUOTE ]
7figures per year > 60-100k per year

lol

but I guess its whatever makes you sleep better at night

my expenses >100k per year
so I dont have a choice, I got to hustle

[/ QUOTE ]

If you add up all the hours, first year trading comes out to something like $15/hour, which is obviously not a great number! However, when you have bosses that are 27 and are making close to 8 figures (The fairly standard number is 15% of your total profit in bonus), the implied odds are pretty good.

[/ QUOTE ]

Jason,

I want to point something out to you. One of the earlier
posts suggested you play poker for 3 years first, and then
take a real job later. This is NOT an option! You have
the opportunity to take the job and training NOW. You will
NOT be offered this opportunity three years from now, believe me!

Don't be fooled by the thought that you only start at $15/hour. If you could make $1,000,000 per year for the
next three years playing poker (which is far from guaranteed
in the current environment) you would still be far better
served working for one of the major Wall Street firms.

You have a golden opportunity in your hands, young man.
Don't let it pass you by!

Buena suerte,
Jonathan

[Jason Strasser (strassa2)]

trading jobs have sick amounts of upside.... Its just that it takes a certain type of mentality to enjoy the everyday pain. I think most people do end up being invited to stay after 2 years--largely because the firm invests so much into training and unless you really arent good or cut out for it, they want to give you a shot.

[hedgeyerbets]

the hours in trading are no where near big-law hours. the hours you work in trading are crazy intense, but most guys with experience (couple years in) don't work more than 50 a week. i think avg for a trading analyst is ~60 a week.

[Jason Strasser (strassa2)]

yes most are on the young side. Most that are successful at 35 also have plenty of money to retire.

[Jonathan]

Jason,

I corrected the title of your original post!

Suerte,
Jonathan

[g-p]

jason,
im interested in this because i am in the process of getting a computer engineering degree, but i dont want to do anything related to that. could you elaborate more on how these firms like engineering backgrounds? i have no experience in investing besides helping my dad look up info on stocks when i was a kid that was good with computers. you didnt have a minor in finance or anything?

[chisness]

Does anyone have similar info for other types of jobs, like engineering?

What other jobs have pay potential this high this fast (ones I know of are starting own business (seems rare) and
climbing up some company ladder (seems like it'd take a while if at all)?

What exactly is trading (i.e. a brief summary of day to day stuff) and is a certain college background needed? Does an MBA help? What about other $$ jobs like investment banking, is that similar?

[fsuplayer]

kingneo was an engineer before he quit to play.

[Actual God]

I guess if you need the money, a finance job is worth it.