Career change to execution trader success story

Here is my success story.
I got into this business later in life, in my thirties. I have no graduate degree, no CFA, nothing. My undergrad degree was an unrelated major with a weak GPA. I am a Trader at a Hedge Fund.
I started in the back office, and worked my way to the trading desk over time, across several years and several firms. I have been laid off three times, including last year. Each time, I fell up.

How did I do it? By staying positive. When my former firms' AUM plummets after an event and people started to get laid off, I tried to keep positive and believe in myself that it would work out. It did. I am better off at my new firm than had I not been let go at my old firm. (Much better)

To find my current seat, timing and luck played a part, but it was really finding a niche that my new shop just happened to have an opening for someone with this one particular experience. Nothing glamorous, but I focused on that in the interview. Most candidates try to be all things to all people, cast a wide net...not me. I identified the one thing that the firm was looking for and told them that, "I am good at that, that is what I want to do, that is what I have been doing at my last place."

If a guy like me can succeed in this business, so can you.

 

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Career Advancement Opportunities

May 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

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 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 06 97.1%

Total Avg Compensation

May 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 (205) $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...”

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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...”