Whats the next step after trading?
burnt out, goldenboy09?
you have no idea
I thought that traders with cfa’s could get investment analyst gigs. I guess you could trade for a buyside shop. That seems a lot less stressful. Our trader has it made.
I thought trading for a sell-side shop is the less stressful of the two. After all you are not taking risk, just facilitating client orders.
Next step after trading: stop working for someone else.
NYCAnalyst86 Wrote: ------------------------------------------------------- > I thought trading for a sell-side shop is the less > stressful of the two. > > After all you are not taking risk, just > facilitating client orders. I’m sorry - I meant trading for a long only equity manager. Not “buy side” as in prop trading or hf. Basically just executing for a PM.
As someone considering a career in trading, I find it disconcerting that a trader doesn’t know what to do after trading. I know its a limited skill set, but I really did think someone could get an investment analyst role after leaving a trading job, if they had a cfa. What about F500 treasury?
buyicide Wrote: ------------------------------------------------------- > I know its a limited skill > set, It is. It’s also one of the few jobs in finance where you do not need a MBA or CFA or any other paper to be successful. The best traders I’ve known had nothing more than a bachelor’s.
^ seems like the skill set required to be a successful trader is almost totally independent of that required to get advanced degrees and designations.
The other stuff seems to be a fallback. Trading can be very boom/bust, and unlike I-banking, doesn’t provide transferable skills and multiple exit options. mba/cfa may mean nothing for trading but they will prove handy if you go bust and need another job
nobody in my shop has a CFA and only a few have mba’s(none are traders)