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Can I become a trader with an economics degree Watch

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    (Original post by Princepieman)
    Lol wtf? How?

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    It wasnt exactly like a ban but they restricted what i could do and when you're still in school all you really use it for is connections.
    to put it simply i was spamming like all the IBD people and promoting myself. I think i got flagged as spam or something and all i was doing was just trying to connect with some of the public people. I think it was quite unfair.
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    (Original post by datboii)
    It wasnt exactly like a ban but they restricted what i could do and when you're still in school all you really use it for is connections.
    to put it simply i was spamming like all the IBD people and promoting myself. I think i got flagged as spam or something and all i was doing was just trying to connect with some of the public people. I think it was quite unfair.
    Ahh, yeah, the spam detector is quite harsh. I'd maybe call up linkedin to sort it out at a later point or make a new account and this time only target a few people at once.

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    (Original post by datboii)
    It wasnt exactly like a ban but they restricted what i could do and when you're still in school all you really use it for is connections.
    to put it simply i was spamming like all the IBD people and promoting myself. I think i got flagged as spam or something and all i was doing was just trying to connect with some of the public people. I think it was quite unfair.
    Well technically it is against the rules to request connections with people you don't even know.
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    Lol OP why did you ask about whether you could get in with an economics degree when you later say that you're doing Stats, Economics and Finance? That's a bit more quanty than an eton degree so mif you take all the maths modules you can, you could go into all types of trading. Don't worry!
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    (Original post by Terry Tibbs)
    Well technically it is against the rules to request connections with people you don't even know.
    Eh, I don't think that's true - it should be fine as long as you have a reason for connecting with them

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    (Original post by datboii)
    lol i got banned on linkedin
    Oh ****.
    Wat up.
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    (Original post by Princepieman)
    Ahh, yeah, the spam detector is quite harsh. I'd maybe call up linkedin to sort it out at a later point or make a new account and this time only target a few people at once.

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    Well im not even sure if it was permanent lol. I think im a bit young for it anyway so i might just make one next year
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    (Original post by Cobalt_)
    Oh ****.
    Wat up.
    yasss dank meme lad
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    (Original post by datboii)
    Well im not even sure if it was permanent lol. I think im a bit young for it anyway so i might just make one next year
    Good idea aha

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    (Original post by Princepieman)
    Eh, I don't think that's true - it should be fine as long as you have a reason for connecting with them

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    Most of the time yes it's fine but I guess it depends what counts as "knowing" them. It is true though that in the rules it says you're not allowed to "Use LinkedIn invitations to send messages to people who don't know you or who are unlikely to recognize you as a known contact" or "Invite people you do not know to join your network".
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    (Original post by Terry Tibbs)
    Most of the time yes it's fine but I guess it depends what counts as "knowing" them. It is true though that in the rules it says you're not allowed to "Use LinkedIn invitations to send messages to people who don't know you or who are unlikely to recognize you as a known contact" or "Invite people you do not know to join your network".
    Interesting, I'd imagine that would axe out a hell of a lot of users (especially super linkers) if enforced - seems strange to have that rule in place.

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    (Original post by Terry Tibbs)
    Most of the time yes it's fine but I guess it depends what counts as "knowing" them. It is true though that in the rules it says you're not allowed to "Use LinkedIn invitations to send messages to people who don't know you or who are unlikely to recognize you as a known contact" or "Invite people you do not know to join your network".
    seems a bit silly considering that youre not even allowed to make catfish accounts so you'd inevitably be held accountable in case you're going to harass someone.

    And what if you dont have any contacts? Like i dont know anyone in the industry as of now.
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    (Original post by datboii)
    seems a bit silly considering that youre not even allowed to make catfish accounts so you'd inevitably be held accountable in case you're going to harass someone.

    And what if you dont have any contacts? Like i dont know anyone in the industry as of now.
    I don't think it's an active rule, a nice intro message with a reason to connect i.e. I'd like to learn more about your work in xxx at yyy, I'm a xyz student currently.

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    (Original post by Princepieman)
    I don't think it's an active rule, a nice intro message with a reason to connect i.e. I'd like to learn more about your work in xxx at yyy, I'm a xyz student currently.

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    ok well lets just say i just jumped straight in and said "Can I get some work experience at your firm?" xDD Guess that was a little unsettling and blunt

    But thanks ill try that in future lol
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    I have a question.

    Is vanilla trading going to be obsolete in the next few years? Cause I'm interested in getting to vanilla trading. If it is then I have to get in to exotics trading (particularly fx derivatives).

    Since I'm doing an econ degree, based on the convo here so far that's not possible. So would doing an comp Sci masters help with that?
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    (Original post by datboii)
    ok well lets just say i just jumped straight in and said "Can I get some work experience at your firm?" xDD Guess that was a little unsettling and blunt

    But thanks ill try that in future lol
    oh, don't do that lol. Networking is about subtlety and forming relationships..
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    (Original post by Grimm Reaper)
    I have a question.

    Is vanilla trading going to be obsolete in the next few years? Cause I'm interested in getting to vanilla trading. If it is then I have to get in to exotics trading (particularly fx derivatives).

    Since I'm doing an econ degree, based on the convo here so far that's not possible. So would doing an comp Sci masters help with that?
    It's only the really simple vanilla stuff that will be gone very soon. By that I mean cash equity, fx spot and some others. Stuff like interest rates derivatives, delta one, a lot of FICC derivatives will still be there for a while but will probably still get automated.
    However. Exotic derivatives trading (e.g. Bermudas swaptions, inflation derivatives etc) won't get automated for the next 20+ years.

    I doubt the compsci masters would help tbh because I've heard it's not as quantitative as a BSc and focuses more on the practical programming skills with little theory.
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    (Original post by Grimm Reaper)
    I have a question.

    Is vanilla trading going to be obsolete in the next few years? Cause I'm interested in getting to vanilla trading. If it is then I have to get in to exotics trading (particularly fx derivatives).

    Since I'm doing an econ degree, based on the convo here so far that's not possible. So would doing an comp Sci masters help with that?
    It is possible, certainly so if you understand the product and make enough of an effort to network with people who trade that product in an S&T internship. The bias exists more so because econ grads self select away from those desks using your reasoning.

    And no, not all of vanilla trading will be obsolete. Certainly not the delta one, rates, commodities or fx desks.*

    More education is not the answer.*
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    Yes you can, but make sure you get a lot of extracurricular activities on your CV because the competition is intense, from various academic disciplines and from the top institutions all over the world. I am not just implying the cliche extracurriculars such as sports and socities. I would open a trading account now, trade for yourself, even if you make some losses this will be to your advantage. One of my friends is now a full time trader. Each summer was spent on an internship since his A levels plus he ran his own forex trading society.
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    (Original post by Princepieman)
    It is possible, certainly so if you understand the product and make enough of an effort to network with people who trade that product in an S&T internship. The bias exists more so because econ grads self select away from those desks using your reasoning.

    And no, not all of vanilla trading will be obsolete. Certainly not the delta one, rates, commodities or fx desks.*

    More education is not the answer.*

    Then what's getting automated than? Because I assumed fx, equity and the like would get automated, but your saying it's not then. :confused:

    Based on the flow on the convo here you need a quantitative degree to get into exotics trading and econ is not very quantitative. But your saying it's possible, seems contradictory If I'm honest.
 
 
 
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