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Yes, I was on Wall Street for awhile on trading desks, research etc. I’ve seen how the sausage was made. I only respected very few people with academic credenti
by hehehaha 6y ago
Yes, I was on Wall Street for awhile on trading desks, research etc. I’ve seen how the sausage was made. I only respected very few people with academic credentials who had genuine intellectual curiosity for the markets. Outside of that it’s a jungle and you will get eaten if you don’t watch your back. People steal all the time without any remorse.
- smabie 6y agobuy-side or sell-side? I don't have any exp with working at a fund or a bank, but I work at a prop shop and the atmosphere is markedly different than what people would expect. Money is not wasted, profits are distributed every month in a way such that every employee does very well (some more well then others ofc), and everyone hustles to generate pnl. When you are fully invested (life savings in the firm) you tend to get much better results. On the other hand, if you're using OPM or not even really trading except to rip off dumb businessmen on high spreads, things probably look a lot different.