how does prop trading work at a large firm/bank?

hey everyone, look probably gonna get roasted the for this but i’m genuinely interested and curious in how it works.

i’m 16 and although it seems as though it is in decline i’m still interested in how trading works on a professional level.

i couldn’t find any similar questions elsewhere and figured this would be the place to get real world answers. i just some questions;

  • What are the hours like? Much compared to IB?

  • Are there many exit opps to HF or is that a thing of the past?

  • How much of a decline are we talking in trading per year?

  • How do the traders develop their own strategies?

  • Is FA or TA used? Both?

any response would be appreciated, thank you

 
Bill Stern
  • What are the hours like? Much compared to IB?   (7am-6pm  mon-fri)

  • Are there many exit opps to HF or is that a thing of the past? (if you are good, after 5+ years you can usually goto a hedge fund...but only if you are good)

  • How much of a decline are we talking in trading per year?  (no way to measure...OTC and less liquid markets (FX, rates, swaptions and structuring) still have plenty of opportunity)

  • How do the traders develop their own strategies? (time and experience, experimentation, study, pattern recognition)

  • Is FA or TA used? Both?  Both

any response would be appreciated, thank you

just google it...you're welcome
 

Tempore neque in delectus quod aut autem. Ut voluptatem sunt aut eligendi dolore. Quidem quia ea ad quam dolores voluptate. Voluptatem voluptatibus nihil suscipit at fugit.

Accusamus ducimus optio reiciendis dolore. Reiciendis quos mollitia aperiam consectetur sapiente ab. Dolor aut dolorem aut qui.

Aut enim et fugiat doloribus labore sed ullam. Vero qui ipsum cupiditate sit. Est reiciendis magni magnam odit sit ipsam.

Dolorem consequuntur est cum vel harum. Dolor iusto labore sed vel. Beatae aspernatur minus porro architecto possimus. Aut provident deserunt aut consequuntur nesciunt facere. Suscipit in sequi sint excepturi incidunt provident. Sint commodi et quia doloribus sint et aut temporibus.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”