Commodities tradehouse vs FX market making
Need comments from as many people as possible to know if I’m nuts. Currently in a very cheap major metro (where I grew up), went to a large state school (very non target), did very well there with some of the best involvement you can ask for and great GPA. After four years out of college I’m a senior guy on the desk at a commodity trade house (I trade niche energy products) with essentially full discretion over my trades. TC last couple years was 200-250k, the promotion to senior trader probably going to put me in the 300k-500k. Met a FX trading global lead at a major incumbent a year ago and hit it off with him to the point that I can probably get a job there.
Essentially, I’m bored of my hometown. I realize I have an absurd TC as it sits (especially given cost of living) but wondering if switching to a major house’s prime market making desk and then building my own way for a few years could have me in a buy side place by 29, then ultimately trying to achieve the dream of having investment discretion at a hedge fund by 35 or so (I’m 25). Am I nuts? Is that pathway even viable? How easy would it be for a 29 year old with significant FX and commodities experience to pivot to a macro fund?
Just looking for a sanity check. I’ve got a great situation as it sits and I don’t want to screw it up for a dumb, unnecessary risk. Any input is greatly appreciated.
Based on the insights from Wall Street Oasis, here's a breakdown of your situation and some considerations for your potential career move from commodities trading to FX market making:
Current Position Strengths:
Potential Move to FX Trading:
Risks and Considerations:
Viability of Transition:
Sanity Check:
In conclusion, while the move has potential, it comes with significant risks and changes. Thoroughly weigh these factors and perhaps explore incremental changes or networking further within the FX space before making a final decision.
Sources: Q&A: Non-Target School to Portfolio Manager at a Top Hedge Fund – 6 Years Out of Undergrad, Global Macro Hedge Fund is Paradise, Macro HF Interviews: Paul Tudor Jones, Louis Bacon and Bruce Kovner, 1st Year Macro HF Analyst: My Macro Framework, Would you make this move?
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