Because 95% of experienced candidates in trading were fired or are trying to scam their next employer.
“Oh, yeah, my <insert HFT pipeline or statarb model> can do sharpe <random int 1 to 10> for <random int 10 to 100> million pnl per year. Trust me bro”. Fucking annoying
Orders of magnitude more leave their jobs of their choosing than are fired.
These PMs are not the ones job hopping every year.
And 95% of interview candidates are not PMs.
> So the only scam is scamming yourself into a low salary position for a couple years till they fire you.
200k-300k USD salary is not low.
And 1 year garden leave / non compete? That’s literally 0.5M over 2 years for doing jack shit.
This is very appealing for tech SWEs or MBA product managers who are all talk and no walk.
But even with profit share / pnl cut, many firms pay you a salary, even before you turn a profit. It eventually gets deducted when you turn a profit.
> Orders of magnitude more leave their jobs of their choosing than are fired.
Hedge fund, maybe. Prop trading, no.