Enrty-level BB Proprietary Trading

Daniel T Bush

17y

i have a SA IBD BB offer. i wish it was S&T though. In fact, i am thinking of turing down the offer and just applying for a FT position next fall in s&t.

17y

and it is possible to enter the equity prop desk as an analyst as everyone enters as generalists and the prop desks accept a few new hires each after rotations

corgi95

17y

iambateman:
and it is possible to enter the equity prop desk as an analyst as everyone enters as generalists and the prop desks accept a few new hires each after rotations

not every BB hires people as generalists

17y

if its just a summer offer, do the IBD BB route then apply to s&T full time...thats what i did and it turned out alright for me

Daniel T Bush

17y

so can one be hired to a prop desk

17y

but i would assume that for the ones who do, it is possible to get onto a prop desk (with GS as the exception)

Daniel T Bush

17y

why would GS be the exception

17y

who summered on the prop desk, they have no spots for analysts directly out of undergrad...although i know a kid who started as a full time analyst last summer on the prop desk there but apparently they are not taking new analysts at all currently...

someone from GS please correct me if this has changed

happypantsmcgee

17y

You were a bookie...in NY...do I know you?

If I had asked people what they wanted, they would have said faster horses - Henry Ford

trade4size

17y

happypants you kill me bro.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.

mcon51093

17y

Entering Prop Trading (Originally Posted: 01/09/2010)

 I was reading this thread://<a href="http://www.wallstreetoasis.com/forums/best-proprietary-trading-firms">www.wallstreetoasis.com/forums/best-proprietary-trading-firms</a>, and this field and many of the firms listed interested me.  I am only a junior in high school now, but I am just curious how difficult it is to get a job with a trading firm like these.  I have always had a great aptitude for math.  I will most likely end up attending a top 50 or maybe a top 25 college. Will that cut it, or do they look for mostly Ivy League degrees?  Are the internships very difficult to get?

APR Examples

TabulaRasa

17y

You aren't out of luck if you don't get into an Ivy. Many of the top prop firms are located in Chicago so they recruit at all the good undergrad programs in the Midwest. UIllinois, Umich and the like will give you the best shot. Internships are very selective.

Macronudge

17y

I agree. Going to a good Chicago school, Northwestern/Chicago, you have alot of opportunities. I know at my school alot of the top shops recruit, optiver...

moochies

17y

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