I am a quant trader in the front office department of a hedge fund. I started my career at Bloomberg in NYC and then quickly moved to hedge funds, specifically Citadel in Chicago and now another boutique hedge fund here.
I have a PhD in physics with lots of statistics experience, but I’ve always loved programming, and in my free time I like to study distributed systems, scalability, ... on the job, I mostly due models in C++. Fairly easy from a programming point of view.
I would like to make a move to a FAANG on a pure software engineering role, but I’m afraid they wouldn’t be able to pay me enough.
I’m 37 and for the past few years I’ve done really well, last year my TC was 3M (base 250k and the rest from bonuses, since that’s how the industry works), and from what I’ve read it’s very difficult to reach those comps in FAANG.
I don’t live an overly lavish lifestyle, so I’ve been able to save about 5M, which is pretty much all invested in index funds.
Before considering slowing down or retiring I would really love to try a real tech company experience, but would like a similar comp.
- New / Eng SharmaGWhy not code in your spare time? Tilling the land with peasants is not for a nobleman.
- What do you mean? Our hedge fund here in Chicago is pretty small. It’s all ex citadel senior folks who branched out to create a boutique private fund where they trade for themselves rather than institutional clients, we’re about 60 people, so I’m assuming it is not recognized by Blind?May 19 2
- Amazon NorthmanMy honest suggestion: stay for 2-3 more years and work up to $8-10M in total savings. Then move out to the Bay Area, and start your own company with some former FAANG folks if you want. No reason to go take a 500k software engineer role in big tech to prove anything to anyone.
- Sizmek athV68It’s impossible to make that kind of money in tech. Also, interested in knowing what your working hours were if you don’t mind telling.
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- Insane that front-office quants make that much. I left a back-office quant job but that was paying shit so it was easy.
- RBC Capital Markets / Finance agoodquantmoreThis is absolutely crazy. I am a VP desk Quant in a bank and my TC is 300k on US standard. Now I feel like shit......
How can I achieve your stage? What do I need to learn? I mainly develop pricing model in C++ and quite good in Q/KDB+. What else do I need to learn? How can I break into these boutique fund? I would be highly appreciated if you share some light.