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🏆 Funding and careers · Advanced · 8 min read · Lesson 42 of 42 · Free with an account

How to work for a trading firm: careers at banks, funds and prop desks

Professional trading is a career, not only a hobby. Banks in Johannesburg, Nairobi and Lagos, asset managers, hedge funds and proprietary trading firms all hire traders, analysts and risk managers.

Where traders work

EmployerRolesWhat they look for
Banks (treasury, markets desks)FX dealer, sales trader, fixed income traderFinance or economics degree, numeracy, communication
Asset managers and pension fundsAnalyst, portfolio manager, dealerResearch skills, CFA progress
Hedge fundsAnalyst, trader, quantStrong track record, programming, statistics
Proprietary trading firmsJunior trader, quant traderMaths, quick decisions, risk discipline
Brokers and fintechsDealing desk, risk, market analystMarket knowledge, platform skills, compliance
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Questions people ask

Do I need a degree to become a professional trader?

Most banks and funds require one. Prop firms and funded programmes focus more on results and risk discipline.

Read next

Educational content only, not financial, investment or tax advice. Trading forex and CFDs carries a high risk of losing money. Look up any term in the trading glossary.