Re: an aspiring stockbroker
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i think he wants to be self employed. pretty much buying and selling stocks himself.
thanks
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this is near impossible w/out years of positive track records. All the billion dollar fundmanagers started at a shop, which doesn't need to be a name brand employer (Tudor, Soros, SAC, or any big wall st bank). Anyway, they worked their way to hte top of the ladder and then got their own books w/plenty of leverage or they started their own funds bringing along the client's money who made money w/him over the years.
At the earliest, he'll be in his late twenties and that's for hte superstars. He won't be able to get seed money otherwise and unless he starts w/a decent nut, his position size and risk will be pathetically small.
salary-wise, that depends on his skill and luck. mid to high five figures straight of college with him getting around a few perecentage points of his profits. if he becomes a a winning trader, the sky is the limit. Guaranteed 7 figures w/bonuses roughly around 10-15% on millions of dollars.
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