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I assume this is not a Friday joke.Are you talking about traders or quants on the prop side? In any case you will not be paid 400k-700k straight out of school. This would be really dumb for an unexperienced junior to be paid so much.In 3 years, if you work really a lot, you will have just accumulated 10k hours, i.e. learnt something to the point of being independent. So yes, as a trader you will be given a book. Saying it will generate millions does not really mean anything, the question is how much risk are you allowed to take to generate those millions. If you are a library quant on the buy/trading side, your job will not be much different from that on the sell side. Only with much higher variance of comp.
I assume this is not a Friday joke.
Are you talking about traders or quants on the prop side? In any case you will not be paid 400k-700k straight out of school. This would be really dumb for an unexperienced junior to be paid so much.
In 3 years, if you work really a lot, you will have just accumulated 10k hours, i.e. learnt something to the point of being independent. So yes, as a trader you will be given a book. Saying it will generate millions does not really mean anything, the question is how much risk are you allowed to take to generate those millions.
If you are a library quant on the buy/trading side, your job will not be much different from that on the sell side. Only with much higher variance of comp.
