Not sure how it works out in the US. But having a solid track record in combination with a good sound knowledge of the markets and trading will help. If they interview you and you can not impress them with your knowledge you wont have a chance. In Market Wizards, I read somewhere that a trader had remembered all the stock symbols on the NYSE and landed a job. I agree it is a very competitive position. BUT... I think an intraday trader with a few years of experience has a significant edge over other applicants. This is because intraday traders are able to process and understand market information on an extremely short term basis. In other words, they are able to grasp a clear map and language of the markets. Anyone else applying for a junior trader position will most likely not hold such knowledge. He/she may have a solid educational background but what does he/she know about trading? In this field, educational background means almost nothing. Whether you graduated Harvard or straight out of high school, the bottom line is going to be can you generate money for the firm? If you are consistent with trading and profitable you will have a shot. If not, what advantage will you have over other applicants?
Also, with securities firm there is the back office, middle office, and front office. Trading and brokering is in the front office. Once you are stuck in mid or back office, you are not likely going to move into front office. So my advise is to apply to a trading position from the start. Good luck
