'Morning folks,
So beyond the obvious insanity of using information from anonymous people on an online forum to guide one's life on a critical level (like, say, on employment decisions), I am so full of love and trust for the weathered veterans here that I am going to seek your advice to guide me on a critical level. Namely, an employment decision. Yes I'm funny like that on sunday mornings
I am still early in my masters program and beginning to consider positions in banks (JPMorgan, Lemans, Sachs..etc) that have currency trading, quants..etc that recruit in my university. In other words, I'm considering being "one of those guys" and actually doing investment banking for a living, ideally on a route that involves my technical skills (I am a comp.sci guy specializing in aritificial intelligence and have worked with financial applications of pattern classification in speculation..etc). It feels terrible, because I am already trading for myself and have traded for friends, all from home, and have always considered it just a seperate part of my life. But recently I have had less and less ability to balance research/academia and trading, was forced to almost abandon trading, and I realize that whatever the job one does in the morning (being a professor, trader or car mechanic) one can do what they really want (science, in my case) in their free time.
Hence I am seeking advice from everyone here who has worked *successfully* in a prop firm or a bank: do you advise people to take that path? Do you recommend trading for a firm as opposed to trading at home part time? How fast do you start being trusted with larger amounts of capital if you are good? Do the hours always have to be as harsh as I hear, or can things be more lenient if you are making them the profits they want? Do you get lots of pretty women?
These are questions I probably shouldn't ask a recruiter, so all ye vets, please throw in a word of advice. Uninformed replies will expose their owner to the risk of being hunted down and shot. For example, if you make the assertion that you do indeed get lots of pretty women, whereas you, in reality, have never seen one and are just another old wanker, I will not be amused. Ditto for any 13 year old "1kt" out there.
This thread can also be seen as a heated discussion on institutional verses from-home trading.
Clueless but happy,
-A
So beyond the obvious insanity of using information from anonymous people on an online forum to guide one's life on a critical level (like, say, on employment decisions), I am so full of love and trust for the weathered veterans here that I am going to seek your advice to guide me on a critical level. Namely, an employment decision. Yes I'm funny like that on sunday mornings
I am still early in my masters program and beginning to consider positions in banks (JPMorgan, Lemans, Sachs..etc) that have currency trading, quants..etc that recruit in my university. In other words, I'm considering being "one of those guys" and actually doing investment banking for a living, ideally on a route that involves my technical skills (I am a comp.sci guy specializing in aritificial intelligence and have worked with financial applications of pattern classification in speculation..etc). It feels terrible, because I am already trading for myself and have traded for friends, all from home, and have always considered it just a seperate part of my life. But recently I have had less and less ability to balance research/academia and trading, was forced to almost abandon trading, and I realize that whatever the job one does in the morning (being a professor, trader or car mechanic) one can do what they really want (science, in my case) in their free time.
Hence I am seeking advice from everyone here who has worked *successfully* in a prop firm or a bank: do you advise people to take that path? Do you recommend trading for a firm as opposed to trading at home part time? How fast do you start being trusted with larger amounts of capital if you are good? Do the hours always have to be as harsh as I hear, or can things be more lenient if you are making them the profits they want? Do you get lots of pretty women?
These are questions I probably shouldn't ask a recruiter, so all ye vets, please throw in a word of advice. Uninformed replies will expose their owner to the risk of being hunted down and shot. For example, if you make the assertion that you do indeed get lots of pretty women, whereas you, in reality, have never seen one and are just another old wanker, I will not be amused. Ditto for any 13 year old "1kt" out there.
This thread can also be seen as a heated discussion on institutional verses from-home trading.
Clueless but happy,
-A
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea