Finance vs tech

Apple / Eng
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Apple Eng

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Microsoft
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Nov 14, 2018 23 Comments

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.

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TOP 23 Comments
  • Wayfair addA30
    55-60 hours at a hedge fund is not going to be a thing. Try 80.
    Nov 14, 2018 6
    • Facebook alt_qq
      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
      Nov 14, 2018
    • Twilio FrMg01
      Investment banking and hedge fund jobs are not the same. Investment banking is a deal-driven relationship business so face time is required.

      Hedge funds are all about data analysis. Hedge fund SW devs building models for algorithmic trading definitely don’t work 80 hours a week.

      Basically it’s the difference between sales and engineering.
      Nov 14, 2018
    • Wayfair addA30
      Depends on the fund to some extent, but you're pretty much wrong on this one.
      Nov 14, 2018
    • Microsoft / Eng FreshPrinc
      I worked at a hft firm on a trading desk. Worked about 45 hours a week. Before the open you need to be around to make sure things are good for the day. When the market is open you are tethered to your desk. After the close you go home. I was at my house by 5 almost every day.

      Of course back office roles are very different. But why people think trading firms require 80 hour weeks is beyond me. The traders don't work that kind of hours either.
      Nov 14, 2018
    • Twilio FrMg01
      Bingo, what Microsoft said
      Nov 14, 2018
  • Amazon / Eng Bananalol
    Bro I make 300k working 35 hours a week.
    Nov 14, 2018 0
  • Jane Street Capital elmJ12
    There is high amount of misrepresentation here about the finance sector in general.
    Nov 14, 2018 1
    • Bloomberg / Eng iVX372
      Is there forced attrition at Jane Street?

      How many hours per week do devs and quants each work on average?
      Nov 14, 2018
  • Microsoft Gambini
    Also look at income trajectory
    Nov 14, 2018 0
  • PeerStreet / Other
    Nltz63gr

    PeerStreet Other

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    Amazon
    Nltz63grmore
    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?
    Nov 14, 2018 3
    • Apple / Eng
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      Apple Eng

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      Microsoft
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      OP
      Both roles are in software development. New grads at Apple make that much or more if they work overtime.
      Nov 14, 2018
    • PeerStreet / Other
      Nltz63gr

      PeerStreet Other

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      Amazon
      Nltz63grmore
      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.
      Nov 14, 2018
    • Apple / Eng
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      Apple Eng

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      Microsoft
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      OP
      The hedge fund is Point72. The tech company is Nvidia
      Nov 14, 2018
  • Citadel DarkN8
    Work at a hedge fund for a year and get that 200k. Start interviewing by end of first year and join a tech company for 230k.
    Nov 14, 2018 0
  • Bloomberg / Eng iVX372
    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.
    Nov 14, 2018 0
  • Microsoft pub
    You are posing this question to a group of tech company employees!
    Nov 14, 2018 0
  • This comment was deleted by original commenter.

    • Apple / Eng
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      Apple Eng

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      Microsoft
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      OP
      No, the finance offer is from Point72
      Nov 14, 2018
    • My bad, didn't read in time. If it's worth anything, Point72 is the spin-off of a fund that had to close down due to insider trading charges from the SEC
      Nov 14, 2018
    • Move JUvY31
      Point72 has some of the best hedge talent right ?
      Nov 14, 2018
  • Nielsen / Eng
    userperson

    Nielsen Eng

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    Google
    userpersonmore
    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.
    Nov 14, 2018 0
  • Google / Eng m0vefa5t
    NYC vs SF tho
    Nov 14, 2018 0