Finance vs tech
Given the choice between working at a hedge fund in NYC making $200k/year working 55-60 hours/week, or at a technology company in the valley making $155000/year working 40 hours/week, which would you choose? I have offers from both and I think the work at the tech company is more interesting, but I would also like to try living in NYC.
Also look at income trajectory
NYC vs SF tho
What’re the two roles and companies? Completely useless poll without that. If you’re comparing working as a quant at renaissance technology vs QA engineer at salesforce it’s pretty clear which one to take. Also how are you not making more than $155k at Apple as an engineer? Don’t new grads start at 160k/170k?
Both roles are in software development. New grads at Apple make that much or more if they work overtime.
Which companies? If these are new grad roles keep in mind it’s easier going Tech to finance than finance to tech. Also you’re typically treated as a second class citizen in finance, unless you’re a quant and a profit center vs cost center.
Bro I make 300k working 35 hours a week.
You are posing this question to a group of tech company employees!
Unless you're legit MIT, U of I, CMU level talent, there is no way you'll work a second under 60 h/week. And even at that level you can expect to be at 50 h/week.
Where is the work more interesting? And does the hedge fund have a forced attrition policy? That makes more of a difference to your general stress and happiness level than the hours imo. Also find out the typical day of devs on your team. It seems likely that your hourly rate and general life satisfaction at the hedge fund would be inferior, based solely on reputation. You can find out by getting answers to the above questions.
There is high amount of misrepresentation here about the finance sector in general.
Is there forced attrition at Jane Street? How many hours per week do devs and quants each work on average?
55-60 hours at a hedge fund is not going to be a thing. Try 80.
Hardly. Markets are only open 6.5 hours a day
LOL twilio you realize that the finance industry is all about face time in the office, right? also you don't only work while the markets are open, there's a whole lot more stuff to work on... Bank/Hedge fund jobs are def 70+ hours per week, working weekends too