June 27th, 2003, 6:08 am
Hi Kente,(1) if you already really know how to make money -with exotic stuff indeed- you don't need to go back to school, my boy! (2) don't say around -at least in real interviews- that with less than 1 yr experience you traded exotic stuff! either you were in an insignificant place or you were just bringing in coffees.....(3) in order to trade exotics in big I-Banks/derivatives deptments, the profile is highly quant....so I think unlessyou pursue a DEA (El-Karoui) or N-Y- Msc in quant finance. or a purely quant doct.... you will not break into. Buthaving those studies will not increase your prob. by so much... I know very bright people who, for unknown reason, didn't get recruited in trading team.(4) be realistic: it's going to be very dificult for you to explain why making money so much money(5) by the way, if you really like to trade, don't broke: it has nothing, but nothing to do. It's so humiliating, -they existjust to invite you or relax our nerves- but in good years could be very rewarding ($). In fact, apart from drugs and porno industryI can't think of an industry in which with so little brain, studies, knowledge you can make so much. the permanent misprice?>By the way, I am a trader: not very exotics, but it fits me well. And, sometimes I win and other I loose. Like everyone else whodon't have client flows or trade high margin exotics... send me your cv.