Kershner Trading Kershner Trading Group LLC - MywallpapersMobi

Kershner Trading Kershner Trading Group LLC

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Mar 24, 2008

Kershner Trading Group (Prop Shop in Austin TX)

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weswess picture
weswes IB
Rank: Monkey | banana points 40

Hi, I have a possible in at Kershner Trading Group in Austin TX. They supply you 100% of the capital you trade with but there is no salary. Its purely preformance based. Im fresh out of undergrad (finance and accounting major). Kershner trains you, mentors you, ect. It sounds like its around 3 months before your out of the training stage and off to make your own money.

I know very little really about prop shops. How much money does a average trader make? On average how long does it take to start pulling in enough to get by without having to rely on your savings/2nd job?

If you had a FT 2year analyst job offer at a BB bank would you take that over prop shop? Even if you really wanted to trade? Yet, you would most likely have to ask your parents to help you for awhile and/or get a night job.

Any input on this Kershner Trading Group would be appreciated.

Thanks

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Relevant Salary & Bonus Data

Trader Prop Trading Kershner Tradin

Austin – 2017

Trader Prop Trading Kershner Tradin

New York, NY – 2017

Trader Prop Trading Kershner Tradin

Austin – 2009

Trader Equities Kershner Tradin

Austin, TX – 2009

Trader Trading Kershner Tradin

Austin, TX – 2012

Intern Accounting Kershner Tradin

Austin, TX – 2018

See All Kershner Trading compensation Data

Comments (8)

 

Mar 24, 2008 – 8:28pm
    • grandpabuzzs picture
    • grandpabuzz
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    • Rank: Senior Orangutan
    • | banana points 394

I go to UT Austin and have seen the presentations/been to Kershner, and would choose that place over a BB . Great job finding a contact to get in.

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Mar 24, 2008 – 10:25pm
    • weswess picture
    • weswes
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    • Rank: Monkey
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really? over a BB ‘s generalist financial analyst position in NYC? I mean i think Kershner would be alot of fun as a job. Very exciting, stressful (i like), yet decent hours, competitive, and great life long learning experience but it has no job security what so ever. You arent paid jack shit unless you preform and whos the say I will. I have school loans to payoff so I just cant see working for Kershner as a realistic posibility. Do you have any idea of how much most guys pull first year?

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Mar 24, 2009 – 1:28pm
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Mar 24, 2009 – 1:28pm
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Mar 24, 2009 – 1:29pm
    • VGRs picture
    • VGR
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Kershner Trading Group (Originally Posted: 01/29/2008)

Does anyone know anything about or have any insight on this firm?

It is in Austin, Texas.

I’ve recently submitted my resume and got called for an interview but know nothing about it aside from what is on the website.

Thanks.

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Mar 24, 2009 – 1:30pm
    • grandpabuzzs picture
    • grandpabuzz
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    • Rank: Senior Orangutan
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There a big sponsor of our school’s (UT of course) Investor Association. Basically the way they hire is completely through networking. If you know somewhere there, and show interest in working there, then they may take you in. You have about a year to prove yourself and if you don’t show something good, you’re out.

It’s a great firm, lots of cool people there (very casual–they came in jeans/tshirt to our meeting), and really into what they do.

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Mar 24, 2009 – 1:31pm
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Here’s the deal with Kershner…

  • Proprietary trading firm – you trade the firm’s money. Pure trading, nothing else.
  • No salary at ALL. You take home 30% of what you make for the firm. This is on accrual basis, so if you lose 50k your first year you have to make it all back before you earn a single penny.
  • Most people don’t make it (according to their HR). Most first/second years have a 2nd job since they don’t make anything.
  • Has a “boiler room” feel to it.
  • Either you make it big or you don’t at all

Source: Visited their trading floor/office twice

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Mar 24, 2009 – 1:32pm
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