Exotic Car?

I'm an equities analyst at a fairly large hedgefund, I live in a shared flat and I don't own a car. Pay isn't that much higher then IBD was. It's going to take a while, your not getting 1mm a year as an analyst.

Haha typical ambitions work on getting in first

It's variant on your company, performance, progression and most importantly pay checque. Best case, you did a trade that earnt billions and you get it 2 months into your Hedge Fund stint. Worst case, you lost a **** tonne for your HF, you get fired the next week and no-one hires you again

We can test the assumption, give me the distributions and I'll run a hypothesis on your behalf Where H0 >= Your dreams. I'll give you a probability of it happening and then run a poisson distribution test to give you the likelihood of how long it might take testing it after every 2 years from when you get hired by the HF.

Yup I understand that but you get more after 2-3 years of being an analyst and it depends on whether you're good or not doesn't it? So if a really good worker got in millions of pounds yearly for the company they would get a much bigger bonus wouldn't they? I'm not sure lol I just thought they would?


Posted from TSR Mobile

depends on if you make money and to be honest I believe in the efficient market hypothesis so I don't think you can really pick stocks accurately. No one here seems that rich, yeah portfolio managers have, but no one junior. Rich guys are all like 40s not 20s. There's not like 25 year olds showing up to work in lambos, it's largely a bunch of fairly geeky guys.

Yh I know haha I estimated that I will get the 5 mil house around 40 years old but the exotic car around 50 haha! Are you a trader?


Posted from TSR Mobile

equities analyst so I research stocks and say what I think we should buy. I don't think we have traders in the office actually, not involved with the execution of trades at all.

Good luck moving to a hedge fund so early on into trading at a BB. Not to mention the fact that nowadays IB traders have much less of a directly attributable PnL, 1-2 years in you pretty much aren't going to have the kind of experience a hedge fund looks for in a trader.

You'd be better off starting at a prop firm, where you would have a directly attributable PnL - there's the potential to make serious money at a prop firm early on if you're good, but likewise the majority of people who start at a prop firm are gone within 12 months.

Also I can't help but think you're trolling here - did I really just read you say that you're going to buy a 5 million house and an exotic car, but only drive it 'every couple of months' to save petrol money?

Anything more than 2-3 years is fine actually and I am talking about London not America. And I was just saying that not trolling and I knew it would take some time but I just wanted to hear from real investment bankers.


Posted from TSR Mobile

I wasn't referring to America specifically in anything I said

The term 'Bulge Bracket'


Posted from TSR Mobile

I'm just referring to the large investment banks. Every single one of the bulge-bracket banks have a presence in London.

He is not a troll, he is an ogre

Good luck moving to a hedge fund so early on into trading at a BB. Not to mention the fact that nowadays IB traders have much less of a directly attributable PnL, 1-2 years in you pretty much aren't going to have the kind of experience a hedge fund looks for in a trader.

You'd be better off starting at a prop firm, where you would have a directly attributable PnL - there's the potential to make serious money at a prop firm early on if you're good, but likewise the majority of people who start at a prop firm are gone within 12 months.

Also I can't help but think you're trolling here - did I really just read you say that you're going to buy a 5 million house and an exotic car, but only drive it 'every couple of months' to save petrol money?

why is that?

Most prop firms are pretty much sink or swim. With the exception of a couple prop firms, you've got your own (small) book within about 4 months and if you don't perform you're out. There's a hire/fire mentality at a lot of prop firms anyway (at all levels), and part of that business model does seem to involve taking on a shed-load of new traders, knowing only a minority will cope and quickly getting rid of the chaff.