Fixed Income (bonds) Specialistnarlus said:are you in the oil brokerage biz? a guy my bro knows works down in houston, told me he made $25MM this year.
I sell mortgage-backed securities but specialize in inverse floating rate collateralized mortgage obligations (CMOs) to individuals and institution clients.
I wanted to get into the energy trading gig but thats a bigger who you know not what you know good ol boy hook up worse than the industry Im in.
In the early 90s if you could hold a phone and fog a mirror you could make serious bank in the industry that Im in I worked in an office where the top 5 sales men made between 3 to 5 million a piece and one company had a genius that made 17 million in one year.
Right now we got maybe 3 guys that are gonna make seven figures this year and the rest in the mid six figures. However Ive heard good energy traders can make much more bank than this the problem is for every person that makes big bucks ten fail outa the business.