<p>It would only be the better choice if trading guaranteed the money! Trading is one of the riskiest jobs out there. If you don't perform, you're given the boot. On the other hand, investment banking is pretty solid as long as you keep up with your work. If you're given the boot from an IB job you have many doors open, while if you're kicked out of a trading job you'll find yourself in a dark corner. </p>
<p>Believe it or not, some people actually have some sort of affinity towards IB. But yes, I believe that the money and the exit opps provide enough incentive to tough it out for 2 years.</p>
<p>Who said you will find yourselves in a dark corner? You go back to business school just like ibankers and move onto other careers. Its hard to get into banking but they make a salary in the beginning and can "wing it". Trading is a black and white proposition. You are either a winner or a loser.</p>
<p>Have you ever seen anyone doing perform two roles at the same time? Take a job at an IB, and trade their own money??? It will be so great, won't it? You are never afraid of being kicked out and have nothing to do, and of course you have more money after a deal.</p>
<p>You think you will somehow have the time to do grunt work and conduct the necessary function to stay alive while also trying to beat 90% of the market participants including extremely smart people looking for opportunities all day and night? Not to mention scrutiny and restrictions by the bank itself on what you can trade, how long you can hold a security etc.</p>
<p>There are 24 hours you know.</p>
<p>And no it wouldn't be great. I do not know of a single profitable trader who would EVER want to be a banker.</p>
<p>
[quote]
Who said you will find yourselves in a dark corner? You go back to business school ...
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<p>If you hadn't noticed, it's not easy just to "go back to business school" anymore. You have to have some sort of leadership experience now. Going from trading to a top MBA programming would be tough, I think. You have a specialized skill set and this isn't what these programs look for.</p>
<p>How about finishing 2 years as an analyst....take an exit opportunity to work for PE, HF, ...with more relaxing hour...then we will have enough to do our own trade??? Does it sound more promising?</p>
<p>
[quote]
If you hadn't noticed, it's not easy just to "go back to business school" anymore. You have to have some sort of leadership experience now. Going from trading to a top MBA programming would be tough, I think. You have a specialized skill set and this isn't what these programs look for.
[/quote]
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<p>Actually I've seen the resumes of a few traders who've went on to MBAs at Wharton, mainly due to a wish to change careers. The one's I've seen usually do 2 year trading stints and then move on to working at a banks/trading houses where they can boast how they allocated X amount of capital to establish product X desk and boosted profits, etc. </p>
<p>You learn a pretty specific skill set but you can still apply this skillset to good use as a manager.</p>
<p>fool> No it isn't tough. So you are basically telling me that banking at the analyst level provides more "leadership" than trading at the lower ranks? What sort of leadership....how to spend your nights in the office?</p>
<p>double> I don't think you understand how hard it is to trade. Its not that simply to just finish an analyst stint, go to the buy side, save money and make abnoxious profits. Consider the fact that 90% of all market participants fail. </p>
<p>I don't understand this "specific skillset" thing. Traders have founded information companies (Bloomberg), risk arbitrage traders have founded value style hedge funds (Lampert), and they have gone off to work in the government (Rubin). This specific skillset is a myth. Oh yea a guy rising through FICC is going to be the head of Goldman Sachs. </p>
<p>And please don't kid yourself that you will learn "high finance" in MBA programs. MBA programs are basically a ritual necessary for certain positions (banking for instance). The most important reason people go to MBA programs is for networking so they can move up certain corporate ladders as well as change their career path.</p>
<p>double, for that career path not only will you need to be dedicated to what you want to do, but frankly you need to be a little lucky and possibly born with it. it isn't enough to just snap your fingers and say youll go into PE or a hedge fund after two years of ibanking. very unrealisitc</p>
<p>wow... i jus came across this thread...
333^.5 isnt that hard to one decimal...
Its NOT 18.1 its 18.2sumn
because think: (18 + x)^2 = 324 + x^2 + 36x
so you know x^2 + 36x = 9
x^2 will be pretty damn small...
36<em>.3 is over 10
36</em>.2 is about 7.2, so it'll be closer to 18.2 than to 18.3</p>
<p>...basic hs math
this just takes space to type, its a lot faster in ur head</p>