SFoyil

ChickenTikka Wrote:
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> Do a lot of prop traders have CFA charters,
> Assetman?


Not that I know of, however; If I were a prop trader or any trader taking major risk I'd want it to at least have some grasp of what I'm getting myself into. If you're trading on any kind of lang term horizon (longer than 1-3 months per position) I think it makes sense to have it.

An economist or analyst can talk all day about X, Y and Z but never HAS to eat their own cooking. Traders are vindicated whether that be good or bad.

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ChickenTikka Wrote:
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> Being Born Wealthy > Being Jewish or WASPY > Born
> Pretty > Top 5 MBA > CFA > Avg MBA > Born middle
> class > Born lower class > Born in crack house >
> Born middleclass in Asia and working in IT but
> looking to switch to buyside

SFoyil

Prop trader is a rare breed... a trader's function is usually much different than that of an investor's, while both need each other.

Trader is a street smart guy, people with CFA may be book smart guys, but in no universe getting a CFA can tag you street smart.



Edited 1 time(s). Last edit at Wednesday, September 21, 2011 at 03:41AM by BangBusDriver.