Friday, 26 July 2013

Wall Street Oasis - Investment Banking & Finance Community: The decline of Chicago prop trading

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play. 
The decline of Chicago prop trading
Jul 27th 2013, 05:00, by mbavsmfin

chicago prop trading.png

It's sad to see how far Chicago prop trading has declined in recent years. Not too long ago, I envied my classmates and friends who were working at the top Chicago prop shops and making more money than me, while dealing with less bullshit and better hours. Now they hate their jobs, gloomy about the future prospects of the industry and asking me for advice on how to get into top MBA programs.

Will things better for the chicago prop shops? Or is the era of sick bonuses for twentysomethings now over?

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