I would love to be a trader. How does somebody get that job to work on the floor of the NYSE?
Investing - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
To buy a seat on the exchange is very expensive. The cost varies but it has sold for between 750K and 4 million over the past 10 years. An easier route is to get a job with a brokerage company that has seats.
2 :
Do you literally mean you want to be the broker who executes the trades for other people? Or do you want to be a trader? If you just want to be a trader then you just need to make a stock dealing account as a nominee and the broker you choose will execute the decisions you make in the NYSE instead of having to do it yourself physically.
3 :
What degree do you have, what school is it from and where is your MBA from?
4 :
The NYSE doesn't employ traders. They are employed by member firms, and most of them work from screens in offices. You need to get a job with them. They like their trainees to be college athletes because that show competitive spirit, although all firms don't feel this way.
