Ask me about being a S&T Analyst - Page 6 - Business, Finances and Investing Forum

Bulge brackets you're drawing dead. You're also drawing dead for any of the prestigious prop firms that pay a salary like Jane Street, SIG, Optiver, etc. Your best shot would be go to one of the firms where you have to provide capital contribution up front and go through their training program, and your income is purely based on your own profits. You didn't mention which city you're in or want to be in but Chicago and NYC offer the most opportunity. You could try a place like T3 trading, but just be careful as you are pretty unlikely to succeed anywhere, and the crappier the place is the worst off you will end up being. It's far harder to succeed in trading than it was to succeed at poker 4 years ago.

I realize that's kind of a negative statement, but I'd rather give you the truth. If I could give you my own advice that you can take with a grain of salt if you wish, stick to your mid 5 figures job and focus your time on how to improve that career. Poker back then is a cake walk compared to what trading for a reasonable living is like now for someone with 0 experience who won't be able to find a job that pays a salary while you learn.

I wouldn't say he's drawing dead for the high end prop shops. Firms like Susquehanna and Optiver will give chances to young kids who are good at poker and really good in math. You'll have to nail the probability questions though but that stuff can be learned.

There are other areas of trading besides being a quant market maker. There are less and less of them as things become automated but there are still human market makers especially in complex products like derivatives.

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01-05-2015 , 09:14 PM

#128

The Financier

veteran

Join Date: Nov 2008 Posts: 2,322

Quote:

Originally Posted by james252525

Hey man, I interned at Citi for S&T last summer and will be starting full time in June. As someone who has gone through the analyst program, I was curious if you could answer a few questions for me.

I just signed up for this website, so I cannot send PMs, but it would be really appreciated if you could send me a PM with an email address if you would be willing to help me out.

Thank you!

I can't send you a PM either. Why dont you post more and then you'll get the ability to PM. Plus your full-time gig doesnt start until July.

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01-05-2015 , 10:15 PM

#129

chris13

stranger

Join Date: Dec 2014 Posts: 10

Quote:

Originally Posted by The Financier

Thank you. I'm pretty confident i'll be OK with the math questions, i'm more worried about market questions. How much emphasis is put on each type of question? Should I do the same kind of networking as for a bulge brucket (email, cold call etc)? Also, do these places work in the same way as BB's in terms of paying you while you are learning? Could you recommend any more prop shops or other firms you think I could be given a chance at?

Really appreciate it.

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01-06-2015 , 02:18 PM

#130

Atlantis1

adept

Join Date: Mar 2013 Posts: 1,006

Quote:

Originally Posted by The Financier

Thanks for providing us this information. What kind of math problems are we talking about here? I know one of these tests include fast, but easy questions, such as (25/5) / (8/10) and 0.002 * 5, 19*13 etc. And another one includes sequence tests, but other than that I am not so sure.

@Chris, I know that in some (most?) HFT you get like 2 or 3 months of training and then you will be given a shot to make some real trades etc, I think during this time you will get paid.