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In-house salary for prop trading firm?
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Date: September 22nd, 2018 9:29 AM Author: cruel-hearted base regret Entering the final round. I didn't give them current salary or expected salary. Told them to make an offer and I'd evaluate.
Small legal dept. I'd be the second most senior. International presence. Daily matters would be part managerial and part dealing with random shit from HR issues, negotiations, compliance, to IP, etc. |
Date: September 22nd, 2018 3:10 PM Author: cruel-hearted base regret Prbly better for the work week crowd, but hoping someone knoes (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36863898) |
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Date: September 22nd, 2018 3:14 PM Author: fluffy library water buffalo On average, the traders probably make more after bonuses than the lawyers
ljl @ being the law dork at a trading firm. Your primary job will probably be shielding the founders from SEC fines, jail, etc. They'll hunt you down if you say too much. |
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Date: September 22nd, 2018 3:15 PM Author: Sticky ladyboy Cr ljl (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36863936) |
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Date: September 22nd, 2018 3:23 PM Author: cruel-hearted base regret No different than now.Just give the damn range. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864000) |
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Date: September 22nd, 2018 3:35 PM Author: fluffy library water buffalo I'm more familiar with the trading/technical side. Very rough and practically useless guesses would be $140k+ in Chicago, $175k+ in NYC (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864060) |
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Date: September 22nd, 2018 3:38 PM Author: cruel-hearted base regret That's less than I make now. Fuck, me. Ok. Thanks for the info though. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864073) |
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Date: September 22nd, 2018 3:44 PM Author: fluffy library water buffalo That's just a very rough guess of the lower end. I'm sure lawyers at top firms are pulling in $400k+, just like some traders. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864104) |
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Date: September 22nd, 2018 3:47 PM Author: cruel-hearted base regret Would rather not out the firm. Not all that familiar with prop firms but they have a few hundred employeea (300+). How do you differentiate them?
Dealt with them rarely while in pvt practice. Fund atty so I'd generally look at AUM |
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Date: September 22nd, 2018 4:11 PM Author: fluffy library water buffalo Different strategies, risk management, performance, etc., at different firms. I have seen several firms get rapidly blown out by poorly-managed trading. The more sophisticated firms shield themselves very effectively from those types of events and then obscure their SEC violations just as effectively through a mix of technical complexity, plausible deniability, possibly bribes, etc. These latter firms will usually pay more. You get a feel for the industry pretty quickly if you work in it (or know enough people who work in it). (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864251) |
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Date: September 22nd, 2018 4:47 PM Author: cruel-hearted base regret Thanks. From what I've read, people consider them peers with Wolverine, which I understand to be a pretty good place.
Any particularly useful materials to read before the final interview?
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Date: September 22nd, 2018 5:09 PM Author: fluffy library water buffalo I would check Glassdoor for interview details. Wallstreetoasis might have some useful information about the firm. Quant autists can be found at http://www.nuclearphynance.com/
I can't really comment on the legal aspects of proprietary trading but I know some technical stuff. |
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Date: September 22nd, 2018 5:13 PM Author: cruel-hearted base regret U r a good dude, thanks. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36864636) |
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Date: September 22nd, 2018 6:10 PM Author: vivacious spot ITT: fratty Optiver Chads (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36865049) |
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Date: September 24th, 2018 1:39 PM Author: cruel-hearted base regret Bump for the work week crew (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36877961) |
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Date: September 24th, 2018 2:25 PM Author: Outnumbered Keepsake Machete 200-300k. Bonus up to 1x of base (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878273) |
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Date: September 24th, 2018 3:09 PM Author: cruel-hearted base regret That's a very nice range. Looks like the office has a lot of perks too. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878587) |
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Date: September 24th, 2018 2:27 PM Author: multi-colored sienna psychic jesus christ it would crush me to be the lawyer and not a trader at a prop trading firm. that is all. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878288) |
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Date: September 24th, 2018 2:28 PM Author: Outnumbered Keepsake Machete pretty chill actually. 45 hour weeks. no weekends. market hours (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878291) |
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Date: September 24th, 2018 2:33 PM Author: multi-colored sienna psychic so do the traders. except chasing signature pages and fighting over "commercially reasonable" vs "reasonable" seems way less interesting (and less lucrative) than prop trading
being excited to come to work in the morning seems just as important as the hours. anyway this is a non-sequitur forget i said anything |
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Date: September 24th, 2018 2:35 PM Author: Outnumbered Keepsake Machete agreed. sometimes I go crazy but then again I realize I work in a pretty chill job, making as much if not more so than I did as a senior biglol assoc with much worse hours and people. pretty fratty and chill environment here (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878337) |
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Date: September 24th, 2018 2:30 PM Author: Vigorous liquid oxygen The traders are probably always giving the lawyers swirlies or pushing them into lockers LJL. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878299) |
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Date: September 24th, 2018 2:30 PM Author: swashbuckling field lmao the traders are gonna be living large, ride or die baby. While you're the risk adverse law dork with the physique of of a pear. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878301) |
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Date: September 24th, 2018 3:07 PM Author: cruel-hearted base regret Bro, have you met these prop traders? Sure. Some 6'4" chads but most are from the cast of big bang theory. (http://www.autoadmit.com/thread.php?thread_id=4083844&forum_id=2#36878571) |