Hi Topher, what do you currently do? I got contacted by a recruiter for the same position. I know what company it is.
jrs130 can i contact u by email? i recently started a TA role and have a few Qs for you.
I am in fixed income. My salary at an entry level position (trading assistant / jr analyst) in the front office was almost exactly the same as that. I think it is a fair offer for a talented individual outside of NYC, sounds a bit low if you are in NYC. That said, this is a tough environment to get hired in, and getting trading experience in an entry level role is a pretty rare opportunity. Go for it, work your tail off, and hopefully your base salary is up to 6 figures within 5 or 6 years!
tranloi and topher, would either of you mind sending me the contact information for the recruiters you are in contact with? I am trying to make a move to LA in a few months and am looking for a good recruiter or two that have opportunities in that area. wanderingcfa at gmail dot com Thanks in advance.
stylemog Wrote: ------------------------------------------------------- > jrs130 can i contact u by email? > > i recently started a TA role and have a few Qs for > you. sure…it’s my username at hotmail.com
I’m pretty sure I know the firm thats has this opening. Salary sounds about right given its entry level…if its the firm I’m thinking of. I have some good insight on the place. In short, its a great opportunity and has excellent training in a very upbeat, fast paced environment that you can carry with you to more established fixed income trading roles…basically it will set you up for good positions after 2 years or more.
Topher, From your earlier posts I read you had no finance experience… How much experience do you have now ?
I have 1 year in sales of financial products and 1.5 years of experience in a middle office type of role.
You’re all very impressive and knowledgeable no doubt, but let’s apply that oldest of all critical skills, common sense! Have any of you considered what the fixed income marketplace looks like? There have been days where the liquidity door is shut to HG, HY, MBS, etc, at the same time. Now extrapolate that to the work place. $55K +25% bonus for someone with little to no experience is perfectly reasonable in this environment. If you’re good, and make the firm money, you’ll either earn more or find somewhere else that will allow you to do so. I work in fixed income research and while or entry-level traders made $75K + 25% to 50% a few years ago, I’d be shocked if the numbers were still in that ballpark given the availability of talent and the market turmoil.