Do places like Jane Street/ Two Sigma/ HRT have IC and management tracks like FAANG?

Facebook epxa03
Dec 27, 2018 10 Comments

Title. Are there opportunities to move into both higher level individual contributor positions as well as management? Specifically I’ve heard that in finance there aren’t the same opportunities to move into management as exist at FAANG but wanted to see if anyone has first hand knowledge to verify this.

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TOP 10 Comments
  • Two Sigma / Eng
    pesn028

    Two Sigma Eng

    PRE
    Google
    pesn028more
    TS has the same dual IC and management tracks
    Dec 27, 2018 2
    • Facebook tkzmq
      Is there a terminal level and Up-or-out?
      Dec 27, 2018
    • Two Sigma / Eng ________+
      Not from what I've seen.
      Dec 27, 2018
  • Two Sigma abcdcba987
    There are opportunities to become first line managers, my belief is it’s easier to move into that at TS compared to FAANG. But if you are trying to get to director or above there are much fewer opportunities.
    Dec 27, 2018 4
    • Facebook epxa03
      OP
      Thanks for the insight!
      Dec 27, 2018
    • Facebook epxa03
      OP
      In tech, I see the sustainable long term goal to get into management and try to get to director levels because my impression is that it’s hard to keep up as and grow as an IC later into your career. What’s the sustainable model for being in finance? Is it just more common to see people remain closer to ICs or do people jump ship to smaller firms to take on director roles when they become more senior?
      Dec 27, 2018
    • Two Sigma abcdcba987
      I think at TS there is strong interest in having people grow as ICs. I think growth on the manager side is more driven by growth of the company and needs. I think at this point there are more then enough senior managers, but not enough first line managers or senior ICs so there are growth opportunities there. I think people don’t really know what makes someone ready for the next level on the IC track through, which does make it hard to grow there. On the manager track it’s largely team size, but the problem is this depends on external factors outside of your control. In the end, one of the things I’ve realized is every large company has a broken system for advancement and it’s better to focus on making yourself more skilled if you want to advance your career, and also be ready to make a move (possibly internally but maybe externally) to advance your career. A place like Two Sigma or FAANG will be good for skill growth up to the tech lead manager level, beyond that you’ll probably need to change employers to keep advancing. Possible another FAANG or TS will work, but they tend to down-level senior people unless you’re famous, so you may need to look much broader.

      I get the impression Citadel is better in this regard and more of a meritocracy, but it’s also a more volatile environment which means luck is probably a bigger factor there.
      Dec 27, 2018
    • Chase tjPE83
      How much do engineering team leads make at TS?
      Dec 28, 2018
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    • Facebook prorjcjfkd
      Depends on how you look at it. Team size is usually smaller, so there are more managers relative to the number of ICs. And since the companies are smaller there may be more flexibility to start a new team if you create a project that does well. On the other hand, the companies tend to grow more slowly and have less turnover, so it's less likely that you'll just fall into a management position.
      Dec 27, 2018