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Is prop trading considered prestigious? watch

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    Is it prestigious compared to market making at a bank or trading at a hedge fund? And why/why not?
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    (Original post by faston2k16)
    Is it prestigious compared to market making at a bank or trading at a hedge fund? And why/why not?
    Money = prestige. No one cares whether you make it at a good prop shop or at a hedge fund or at a bank. Your 'prestige' in markets roles rotates around how much PnL you generate.

    Large hedgies will more often than not have large AUMs that need managing - it's a lot easier to lug around levered up prop shop money than it is to shift billion dollar or even hundred million dollar AUMs (most likely levered up as well). You could argue that there's significantly more upside as a PM for a large fund within an HF manager - the chances of getting there though are pretty slim.

    The idea of prestige only registers for IBD/consulting/law where the prestige of your firm may well and truly dictate your options afterwards, even then, the guy at the obscure no-name boutique shop making $20mm/year is still more prestigious. This applies to S&T to a lesser extent I guess too.



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    I disagree with money = prestige.

    Seems we're warping the meaning a little to suit ourselves, like when people start calling things they aspire to be as 'alpha' or things that annoy them as 'trolling'.

    https://en.wikipedia.org/wiki/Occupa...ige_.28NORC.29

    Here we have a study of occupational prestige rankings according to public (which is generally how prestige works), showing that the highest paid aren't always at the top. High paying, sure, but other things come into play such as heritage, social benefit, etc.
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    (Original post by BizzStrut)
    I disagree with money = prestige.

    Seems we're warping the meaning a little to suit ourselves, like when people start calling things they aspire to be as 'alpha' or things that annoy them as 'trolling'.

    https://en.wikipedia.org/wiki/Occupa...ige_.28NORC.29

    Here we have a study of occupational prestige rankings according to public (which is generally how prestige works), showing that the highest paid aren't always at the top. High paying, sure, but other things come into play such as heritage, social benefit, etc.
    This is finance bro, a hedge fund PM isn't going to be getting off to some joe schmuck 'ooh'-ing and 'aah'-ing at their job title lol. And no, I disagree with your statement. Prestige in the context of finance jobs has no relevance to societal prestige.

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    (Original post by Princepieman)
    This is finance bro, a hedge fund PM isn't going to be getting off to some joe schmuck 'ooh'-ing and 'aah'-ing at their job title lol.
    Maybe not a hedge fund manager but probably others in finance. Case in point: https://www.youtube.com/watch?v=LPssHIyi3E4
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    (Original post by BizzStrut)
    Maybe not a hedge fund manager but probably others in finance. Case in point: https://www.youtube.com/watch?v=LPssHIyi3E4
    Lol, that is a classic vid. Fair play.

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