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the poor French trader
a job post :- trader in Paris- 15-day introductory training- 22K EUR salary base
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- frattyquant
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the poor French trader
I've only studied 5 years of French in school, but this looks like a retail oriented execution position. More button pushing than trading really.
the poor French trader
And then french banks ask why everybody want to go in NYC or London ... The income without bonuses a young skilled trader (so not everybody) with a few years of experience is 75k? without bonuses. Exemple Kerviel was paid 60 k? before he messed up.
Last edited by frenchX on March 30th, 2011, 10:00 pm, edited 1 time in total.
the poor French trader
QuoteOriginally posted by: frattyquantI've only studied 5 years of French in school, but this looks like a retail oriented execution position. More button pushing than trading really.i agree with you in that it mustn't be a trading position.nevertheless, it is badly paid.it's hard to meet the end with an annual 22K EUR living in paris or elsewhere in france ...
the poor French trader
With 22Ke it's almost impossible to live in Paris. You have to go deep in the suburbs.If you want to live in Paris I would say that 30ke (net after taxes) is the lower limit.
Last edited by frenchX on March 30th, 2011, 10:00 pm, edited 1 time in total.
the poor French trader
The important thing is not the initial salary, but potential longer term compensation including bonuses. I would suspect that in this job you dont learn useful skills, but it might not be as bad as some here suspect.
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- DevonFangs
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the poor French trader
This makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?
the poor French trader
QuoteOriginally posted by: DevonFangsThis makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?pastapizzaland = sarkozyland ?
the poor French trader
QuoteOriginally posted by: DevonFangsThis makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?Does anyone know the situation in Sausagebierland?
Last edited by Capsaicin on April 6th, 2011, 10:00 pm, edited 1 time in total.
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- DevonFangs
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the poor French trader
No, Italy. The entry level (in finance, after internship) is less than 30kEur gross, probably half of what one could make in London.And for sarkozyland I'd have said snaileatersland.And the equivalent of sarkozyland is berlusconia.
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- DevonFangs
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the poor French trader
QuoteOriginally posted by: CapsaicinQuoteOriginally posted by: DevonFangsThis makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?Does anyone know the situation in Sausagebierland?No, what's it like?
Last edited by DevonFangs on April 6th, 2011, 10:00 pm, edited 1 time in total.
the poor French trader
QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: CapsaicinQuoteOriginally posted by: DevonFangsThis makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?Does anyone know the situation in Sausagebierland?No, what's it like?wouldn't you be tempted by chocolatemoneyland ?incomes are high over there
the poor French trader
QuoteOriginally posted by: edouardQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: CapsaicinQuoteOriginally posted by: DevonFangsThis makes me wonder, do you have any idea about what the entry level salary for a quant could be in pastapizzaland?Does anyone know the situation in Sausagebierland?No, what's it like?wouldn't you be tempted by chocolatemoneyland ?incomes are high over thereIncome are even higher than in London there.
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- DevonFangs
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the poor French trader
Yes they are. I got an offer (not by a bank) and indeed the money was good (same offer that I got by a bank in London).But I think Zurich is even more expensive than London, BTW.One big plus is that you can travel by train back and forth between Milan and Zurich quite comfortably.
the poor French trader
Try Geneva in CH and then live in Savoie in France (10s km away). You will earn 3 times the french salary with a cost of live 2 times less than in CH so it's good (a lot of people are doing that actually).