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Old 23-11-2011, 05:20 PM
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Originally Posted by Unregistered View Post
The trader path is more stressful. First 2 years you probably do more support work / pupilage rather than actual trading. If you handle customer flows, there is still also a gestation period of about 1 year before you are independent on the desk.
Hmmm ... probably true if you are talking about traders in BB. Now, when expand our analysis to include any sort of firm in the buy-side, then I suspect that there are traders who skip the grunt work that exists in the middle/back office and sit right at the front office.

I didn't want to give too much away, but I know of a few places, those small little "shops" that are popping up here and there, where the traders make all the buying decisions without regard of what happens after the trade. Either through algorithms or pure trading intuition, they are the ones who call the shots leaving the people in the MO and BO to handle the admin.

You are correct. I am not talking about MS, GS or UBS here. But rather ... you probably know. I'll just say that as markets become more computerized, I find that there's this small group of people, those with the smartness to actually understand the technical side of stuff, that will prosper.

Maybe, they won't make more money than IBankers. Maybe they will. That's why I pose the prompt again ... high earning big name drone vs respectable buy-side smart guy, stay up late in BB vs make the right decisions in the short span of time.
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