wutangfinancial

I just got a spot as a prop. trader. Will this look good on a resume? Prop trading isn't really a career option for me, as it has too high of an attrition rate.

red sox 7327

Why would you think it wouldn't look good?

How good it looks depends on the firm. Will you be trading securities at GS? Or will you be doing it at a small local firm?

sammy101

dude thats like the toughest job you can get at a bank coming out of undergrad. Did you really get a prop trading gig or you just trying to figure out if its a viable career option for this summer.

wutangfinancial

Huh? This isn't for Goldman Sachs, lol...I'm not talking about institutional S&T...this is contract trading for a smallish company. Basically, your paid a commision of your earnings. You trade on their ECNs....it's still not super easy to get a spot, I had to get a spot through a connection. But their isn't much regarding your GPA....they look more for your aptitude for poker, chess, general visual acuity, etc. There's about 6 weeks of training.

red sox 7327

But you could have been talking about this. You never specified. S&T involves proprietary trading.

If it's your only option for the summer then it's fine. Actually, anything involving finance is fine because it serves the purpose of showing future employers that you have a genuine interest in finance. Just make sure that for your junior year internship that you get into something that you plan on doing after you graduate.