Compenstarion for Software Dev in HFT/Trading shops like Citadel, Jane street for 9yoe senior engineer ? > 500k TC?

Google gtoptimal
Jan 2 25 Comments

Current L5 Google.
TC - 365K.
YOE - 9

Got contacted by recruiters from Jane street and Citadel. Quant developer position.

Can they beat > 500k TC ?
Given they are niche finance shops is their potential for devs to cross 7 figures ?
Also can Swe change tracks to pure quant roles ?

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TOP 25 Comments
  • Jane Street Capital wCYe52
    Yes, $500k is very attainable. I passed that at 4 yoe. 7 figures is also possible although not everyone will get there. I'm closing in on it and will probably get there at 8 yoe or so.

    I don't see much movement from swe to quant, possibly none. I'm pretty far away from that side of things, though, so I could just not be seeing it.
    Jan 3 9
    • Jane Street Capital wCYe52
      WLB is highly variable. I work pretty consistent 45 hour weeks these days, although I was doing 40 for my first few years. Some people do 40, some do 60+. It varies depending on how much you want to work mostly, although certain positions require more hours.
      I haven't seen comp numbers other than my own, but I suspect that mine are well above average. Read those as numbers that are possible but not expected.
      We're not really seen as a cost center. We might not be directly generating revenue, but most of our trading clearly wouldn't be possible without our tech. Management works pretty hard to ensure trading and tech sides are paid about the same.
      Jan 3
    • Google VgYn36
      How’s the culture at JS? Is it very collaborative and do you feel like you can develop good relationships with your coworkers? Are most really passionate about tech outside of work?

      Been thinking of leaving Google to somewhere smaller due to lack of culture.
      Jan 3
    • Facebook grlx
      What types of positions typically require more hours (like the 60+ variety) at JS?
      Jan 3
    • Jane Street Capital wCYe52
      Culture is definitely very collaborative. I think a reasonable fraction are passionate about tech outside of work; others have other passions (math, and specifically type theory, is popular).
      More management-y positions tend to come with longer hours, but growing into those positions is definitely optional.
      Jan 3
    • Jane Street Capital eYnq30ps
      Agree with everything wCYe52 said about our culture / wlb. The only thing I would add is that 500k for 4 YOE is probably above average but nowhere an outlier given the data points I’ve seen.
      Jan 5
  • Nielsen / Eng
    quantumC

    Nielsen Eng

    PRE
    Google
    quantumCmore
    I'm currently a quant so I may be able to offer some input.

    Per dev role, I can't promise, but they can probably beat it if you can bring the talent. Those firms seem to have endless cash when it comes to talent.

    Pure quant track will require in depth knowledge in stochastic calculus, probability, statistics and the obvious other branches of math required for intense statistical signal processing. I have seen questions in some interviews that I hadn't seen outside of my PhD coursework from top 5 institution.

    In addition, you will likely need to have concrete grounding in data structures and algorithms. Would not be shocked if you catch design questions alongside the obvious algo questions.

    All in all, a quant role at these firms expect MS+ Math knowledge with BS+ CS knowledge. If you have research, publications or patents, it will help your case significantly. Finally, if you're not a fan of intense, and I mean intense, mathematics, I highly advise you research the kind of math that goes into a quant research role.
    Jan 2 5
    • EagleView Technologies / R&D
      klokov

      EagleView Technologies R&D

      BIO
      C++17 greater than the rest
      klokovmore
      Would you say that dev roles don’t require intensely strong Math skills?
      Jan 2
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      Absolutely not. Some math skills, for the sake of grounded computer science logic, sure.

      But I have yet to meet an elite dev that needs to understand minimum-variance unbiased estimator to improve their C++ template writing.
      Jan 2
    • EagleView Technologies / R&D
      klokov

      EagleView Technologies R&D

      BIO
      C++17 greater than the rest
      klokovmore
      I meant more across the lines of the skills a PhD quant researcher might have? Or say entry level quant dev?
      Jan 2
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      For quant devs, the strongest point of focus is programming efficiency. It's hard to say whether they should be as skilled as a PhD because I can assure you elite devs without so much as a college diploma play strong roles at firms of this caliber. Suffice it to say there's almost a 100% chance they haven't been exposed to multivariate calculus at all, let alone tensor calculus. As for quant research, I do not know a single one without at least a masters degree and I know a significant number of them.
      Jan 2
    • EagleView Technologies / R&D
      klokov

      EagleView Technologies R&D

      BIO
      C++17 greater than the rest
      klokovmore
      I am still in grad school, my coop at my last company was all systems level C++ work on image processing platforms(the PhD’s handled all the Math part) , I am headed to a new coop to work on storage software in C++.

      Quant firms have always interested me, I like Math too so thought if it’d be good to apply for quant dev too along with the regular software dev at these places.

      Though I feel HFT would be a better fit for me.
      Jan 2
  • LinkedIn / Eng
    goldbug

    LinkedIn Eng

    PRE
    Google
    BIO
    Full time coder and part time gold dealer.
    goldbugmore
    I interviewed with some HFT companies and they were a waste of time. Maybe I am just dumb. But when the acceptance rate is so low it is not worth my time to interview.
    Jan 2 4
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      If you're as swe at LinkedIn I can assure you you're plenty qualified to work at any hft you desire. It is very possible the questions you got at that time and day just were unlucky. Sorry to hear it.
      Jan 2
    • LinkedIn / Eng
      goldbug

      LinkedIn Eng

      PRE
      Google
      BIO
      Full time coder and part time gold dealer.
      goldbugmore
      I’m at a better place now 🙂

      But I sometimes get recruiter messages claiming they pay $500K to $750K and those are generally too good to be true and a waste of my time.
      Jan 2
    • New / Eng
      remus808

      New Eng

      PRE
      Google, Microsoft
      remus808more
      Since when is working at LinkedIn a barometer of how qualified someone is? 🤔
      Jan 3
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      I've been through LinkedIn's process. I would argue they are best at gaging talent across all tier 1 tech. They give time for studying and notify applicants what they should focus on ahead of time with a sizable packet.
      Jan 3
  • Two Sigma / Eng
    8$&x12

    Two Sigma Eng

    PRE
    Google
    8$&x12more
    I’ve seen numbers quoted at 500k for senior dev at citadel but wlb sucks. Also seen 500k for 5 yoe at JS for dev.
    Jan 2 2
    • Salesforce PxHg08
      How is comp at 2S like 5 years in?
      Jan 3
    • Two Sigma / Eng
      8$&x12

      Two Sigma Eng

      PRE
      Google
      8$&x12more
      On average probably 350k so about same as G / FB
      Jan 3
  • Google VgYn36
    How are you getting contacted, off LinkedIn?
    Jan 3 0