Background -25 years old -Degree in Electrical Engineering (barely passed, education isn’t my strength) -Work for one of the largest tech companies in the world as a sales rep - hence I make decently good money -As a sales rep, I’m a big people person and love giving presentations and public speaking -Started day trading in 2012 - seen some really good returns, all self-taught -Addicted to making money, hence why I trade only trade options nowdays
Looking for -A job in the finance world without taking a pay cut because I feel like it’s something I would enjoy more and I can make more money -No, I don’t know what job I want. Mainly because I don’t know what jobs are exactly out there/available. Doesn’t have to be a trader, I just want to make lots of money fast -Not looking to go back to school at all -Not work extremely long hours. Being a sales rep, my schedule is pretty flexible hence I’m able to day trade with a fulltime job -Willing to take some type of certification test. Looked into CFA/FRM/CAIA but it requires work experience which I don’t have -If I want to make quick money fast why not just continue what I’m doing? I want to learn, grow, and advance my career more
I worked as a “financial advisor” during my first year out of college. I use the term lightly because, at that age, I had no business advising anyone on financial matters. I had about $1000 to my name and had moved back in with my parents just to stay solvent. If you find that you excel in sales, but want to move to a different industry, then you should look into financial services (which is an entirely separate field from "finance’). A bachelor’s degree will get you in the door and the required licenses can be obtained in 3 months or less. There are very few jobs that pay as well as sales when you consider that most sales roles don’t require extensive education or long hours.
my end result is just to make money fast and have it steady. when i day trade options i make (or lose) thousands in matter of minutes, that’s fast, and it’s only possible in the “finance” area. it’s also something i have a lot more interest and passion for. FYI i should mention my current salary is 80k-100k
It sounds like your doing just fine with trading as a hobby. When you trade with other people’s money, I think that you will find yourself constrained by their investment objectives and a myriad of compliance measures.
Hello, OP. In all seriousness, you should get in touch with some people in various finance fields, sit down, and talk to them about their jobs. “Finance” is a very broad term, and encompasses many different sorts of jobs. 99.99% of these jobs are not similar to day trading your own account. Contrary to what outsiders seem to believe, banks are typically not run like casinos where traders make risky bets all day. People who work in banks have real business functions, like sales, compliance, marketing, operations, risk management, etc. - just like in any other company. Sure, some finance people work in proprietary trading, but they comprise a very small percentage of all finance people, and their compensation might not be in line with what you are envisioning (although, most do make a lot more than $80-100k).
Getting a good finance job in today’s job market is very difficult. There are significant barriers to entry for people who do not have Ivy League degrees or relevant work experience. Since you are unwilling to pursue more education, you should instead make a real effort to learn as much as you can about *specific* jobs in finance. Hopefully, you will stumble across a job for which you are uniquely suited, so you can make a convincing case for why someone should hire you over hundreds of other people.