Do traders become bakers?

[GorillaNerd]

plus traders are used to getting burned. so the transition makes sense

[comp_sci_kid]

@Mike79

@comp\_sci\_kid

@Mike79

@ohai

@Mike79

^ So, they plan on just “hanging out” for the next 40 years so or something?

It is more common to be let go from such jobs, rather than “retire” from your own initiative. Often, you cannot find a similar job or anything close, in terms of financial compensation.

If you are 40 or older, net worth $5 to $10 million, and have no immediate job prospects, what would you do?

Job seeking is not fun and is full of stress. I don’t know what every one of these people ends up doing with their time, but there are a lot of things that are probably more fun than a corporate job.

Why wouldn’t you be able to find a similar job, or even find a more senior position? I mean, if your in NYC that’s the financial capital of the world, and with the experience and credentials there should be some other job opportunities that you can transition into.

If you were let go, it won’t be easy. Space is super small and traders don’t usually let go if they are making profit, if they are not, it will be very hard to find another trading job

Ok I see. Why can’t they use their skill set to transition into some other type of finance job?

Some traders, former traders, make transition to actuarial careers

[ohai]

There is a question of motivation as well. That guy was young and poor. So naturally, he had to find another job. If you are rich(ish) and middle aged, you’re not going to do some random entry level thing at 20% your former pay.

[StreetFighter]

1% elite

[breadmaker]

@hpracing007

If y’all got paid the exact same, would you pick baker or finance role? I’d pick the former, I love baked goods.

[breadmaker]

@comp\_sci\_kid

@Mike79

@comp\_sci\_kid

@Mike79

@ohai

@Mike79

^ So, they plan on just “hanging out” for the next 40 years so or something?

It is more common to be let go from such jobs, rather than “retire” from your own initiative. Often, you cannot find a similar job or anything close, in terms of financial compensation.

If you are 40 or older, net worth $5 to $10 million, and have no immediate job prospects, what would you do?

Job seeking is not fun and is full of stress. I don’t know what every one of these people ends up doing with their time, but there are a lot of things that are probably more fun than a corporate job.

Why wouldn’t you be able to find a similar job, or even find a more senior position? I mean, if your in NYC that’s the financial capital of the world, and with the experience and credentials there should be some other job opportunities that you can transition into.

If you were let go, it won’t be easy. Space is super small and traders don’t usually let go if they are making profit, if they are not, it will be very hard to find another trading job

Ok I see. Why can’t they use their skill set to transition into some other type of finance job?

Some traders, former traders, make transition to actuarial careers

Mebbe the crazy ones. You think CFA exams are bad??? Try an actuarial exam or 2 or 5…