Google --> Wall Street?

Google / Eng ae521
Jan 1, 2018 93 Comments

Anybody have first hand knowledge of comp at HFT/hedge fund places like 2Sigma et al? Big jump from L4/5 comp at Google?

Should I sell my soul?

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TOP 93 Comments
  • Salesforce / Eng
    ☀️☀️☀️☀️☀️

    Salesforce Eng

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    Google
    ☀️☀️☀️☀️☀️more
    Never. When you're at a hedge fund, you'll no longer be doing a front office job.. And you don't want to be working a job where you're not front office. You'll be treated differently, paid less and you'll be less happy IMO. I'm curious what the numbers are, but even than you'll be working more hours and might get fired anytime. Your salary at first might be high, but 10 years from now those that are in tech companies in front office roles will be getting paid higher.
    Jan 1, 2018 5
    • Mesosphere onsie
      Have you ever worked in one or ever even have a close friend who has worked at niche hedge fund? They are at par in terms of engineering with the elite tech companies and have a similar if not higher hiring bar. The working long hours is another misnomer that is frequently thrown around and is certainly not true. Do you think people would stick around at these hedge funds if it was so crap when they can also work at top tech companies and have a better quality of life? Disclaimer: I have worked on both sides.
      Jan 1, 2018
    • Salesforce / Eng
      ☀️☀️☀️☀️☀️

      Salesforce Eng

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      ☀️☀️☀️☀️☀️more
      No necessarily hf but I have some friends that switched to sell side (IE Goldman Sachs) and they hate it.
      Jan 1, 2018
    • Mesosphere onsie
      Makes sense; Goldman Sachs is not a top employer when compared to other hedge funds.
      Jan 1, 2018
    • Amazon / Product Ex-Banker
      Two Sigma is a tech firm that trades and invests. The quants and engineers run the firm. And yes, comp is amazing. Good friend from college has been there for 10 years. Don't know how much he has made, but he lives in a $15k/month apartment next to Central Park, wears a $50k watch, is a member of NetJets, and leases a summer home in the Hamptons. So yeah, he's done well for himself, better than pretty much any Amazon employee except S-team and the handful of VPs who have been at Amazon for like 15+ years.
      Jan 2, 2018
    • Google PICn50
      Your friend was an eng or a trader?
      Jan 7, 2018
  • Two Sigma / Eng
    Archon

    Two Sigma Eng

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    Google
    Archonmore
    I moved from Google to 2sigma. The pay jump is real.
    Jan 1, 2018 12
    • Snapchat / Eng camera-co
      How much does it vary from year to year though. While it's likely more now, in a recession year tech would certainly be higher no?
      Jan 2, 2018
    • New Cyoc
      The jump for one of my friends was 33%. Was l6 in Google.
      Jan 3, 2018
    • Salesforce FunkForce
      When?
      Jan 4, 2018
    • Google PICn50
      33% is barely nothing. If you waited for another year that is right about what you would make as l6
      Jan 7, 2018
    • New Cyoc
      @plcn50 it ain't nothing though. In that year you can get more at these hedge funds. Based on what he tells me (taking it with a grain of salt here) his bonus has put him higher than the original assumption since it's a band.
      Jan 7, 2018
    • Google PICn50
      Cyoc: i would believe the bonus part. At tech companies bonus is less and usually less than 50% of base. Equity can be much more, though.

      The problem is, bull market. I am curious what will happen when the market turns.
      Jan 7, 2018
    • Bloomberg / Eng
      LKNY

      Bloomberg Eng

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      Amazon
      LKNYmore
      Well if the market turns bear those equities can’t do any better right?
      Jan 24, 2018
    • Microsoft kukuru
      My Google offer was better
      Jan 30, 2018
    • Amazon / Eng BabyEllie
      Why are you at MS then
      Jan 30, 2018
    • Microsoft kukuru
      Kept the account
      Jan 30, 2018
  • Lyft Megaback
    Me and several people i know did not get good enough offers from 2sigma
    Jan 1, 2018 11
    • Lyft Megaback
      Senior
      Jan 1, 2018
    • Splunk DesiLaunda
      May you share the offers you received?
      Jan 1, 2018
    • Lyft Megaback
      Less than 320k
      Jan 2, 2018
    • Splunk DesiLaunda
      Thanks.
      Jan 2, 2018
    • Cisco CallMeChad
      How much is Lyft paying you
      Jan 2, 2018
    • Cisco CallMeChad
      320k is a lot
      Jan 2, 2018
    • Splunk DesiLaunda
      You can make 320k or more if you work in the top tech companies in the valley.
      Jan 2, 2018
    • Cisco CallMeChad
      Tfw broke
      Jan 2, 2018
    • Visa nonamepop
      320k TC is not that high buddy ...
      Jan 2, 2018
    • Cisco tax2018
      Real difference I think is performance bonuses that can multi-fold your base... Don't compare just base + annual bonus. Which tech company multiply 2x,3x base as performance bonus?
      Jan 3, 2018
  • Snapchat / Eng
    snapbryo

    Snapchat Eng

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    Google
    snapbryomore
    If you want a pay jump from Google you don't need to go to 2sig. ;)
    Jan 1, 2018 8
    • Google glypher
      I'm guessing you mean snap? What sort of deal did you manage to get?
      Jan 1, 2018
    • Snapchat / Eng
      SomeEng

      Snapchat Eng

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      PepsiCo
      BIO
      I'm Dic.
      SomeEngmore
      Snap gives out retarded amounts of equity even still (like 1+ mln for senior). That being said, your quality of life will be much much lower. Work/life balance will be significantly worse. You also will probably stagnate intellectually since the level of talent is measurably lower. Less interesting projects too.
      Jan 1, 2018
    • Snapchat / Eng
      snapbryo

      Snapchat Eng

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      Google
      snapbryomore
      Yeah if you're looking for work life balance it's very hard to beat Google. Disagree on interesting projects or level of talent however.
      Jan 2, 2018
    • Snapchat / Eng
      snapbryo

      Snapchat Eng

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      Google
      snapbryomore
      You don't need to go to Snap, though. You can go to any other company that puts a premium on Google talent (like AirBnb, Dropbox, etc)
      Jan 2, 2018
    • Snapchat / Eng camera-co
      Snap certainly has talent, but it does vary from team to team (namely, teams made up of a bunch of top people poached from Google vs a lot of relatively junior engineers). And it's essentially 300k-900k for senior(L4) depending on when you joined and how long you've been here.
      Jan 2, 2018
    • Snapchat / Eng
      SomeEng

      Snapchat Eng

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      PepsiCo
      BIO
      I'm Dic.
      SomeEngmore
      Yeah... avoid the Amazon-heavy teams. There are many.
      Jan 2, 2018
    • Snapchat / Eng camera-co
      Still depends, there are a bunch of immensely talented former Amazon people, many of whom are in the Seattle office.
      Jan 2, 2018
    • Snapchat / Eng
      SomeEng

      Snapchat Eng

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      PepsiCo
      BIO
      I'm Dic.
      SomeEngmore
      Yeah Seattle is a great office. I have had nothing but terrible experiences with Amazonians in Venice. Toxic folks.
      Jan 2, 2018
  • Google glypher
    Anyone willing to share any actual comp figures?
    Jan 1, 2018 0
  • Microsoft / Eng bitsTik
    do it
    Jan 1, 2018 0
  • Google nogifts
    Yeah they will pay you mostly double. Working for hedge fund is no longer selling your soul.
    Jan 1, 2018 8
    • Bloomberg Hgftdsa
      Even as a software developer (not a quant or anything)?
      Jan 1, 2018
    • Amazon Kdotl
      Is it 40 hour work weeks?
      Jan 1, 2018
    • Facebook Deceiver
      Are you sure? I know people who jumped ship from TwoSigma to Google/FB. They didn’t seem to complain about a pay cut.
      Jan 1, 2018
    • Plaid
      SeattleEng

      Plaid

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      Amazon
      SeattleEngmore
      I don't think so, they seem to pay one level band beyond what you'd make at a tech co. The culture difference is massive and ends up making most people leave (swe are largely 2nd class to quants).
      Jan 1, 2018
    • Airbnb HairyBair
      The pager load can be awful too in finance
      Jan 1, 2018
    • Daimler / Eng 🍆((
      You don't have to worry about pay cuts when you're a millionaire.
      Jan 2, 2018
    • Amazon kwvsnsown
      Daimler gets it
      Jan 3, 2018
    • Salesforce FunkForce
      I had offers 6 years ago from 2Sigma and a few other; silicon valley SWE was more competitive ... although what is interesting with these funds is they pay 1/2 your bonus (20%) into the fund, so u get a nice return
      Jan 4, 2018
  • Palantir / Eng Babadook
    Comp at 2S / AQR / others is roughly the same as google/fb/unicorns. In particular google can be higher if you factor in the refreshers / possibility of bonus not being as high as initial year guarantee.

    Example comp at hedge fund for an L5: 400k TC including sign on. Compare this to google you might get 370k TC including sign on but you’ll have refreshers which can effectively push TC to well over 400k

    People saying you will make 2x have never worked there or gotten offers. Source: have gotten offers from all companies in this comment in the past
    Jan 21, 2018 2
    • Salesforce / Eng
      ☀️☀️☀️☀️☀️

      Salesforce Eng

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      Google
      ☀️☀️☀️☀️☀️more
      Thanks babadook
      Jan 21, 2018
    • Chase tjPE83
      Scratch AQR from your list. Their pay is meh for SWE. i think not more than 130k TC for new grads and raises are 20k per year. If you’re a quant it’s about 30-40k more, which is still less than G/FB.
      May 24, 2018
  • Lyft insomniac
    Anyone want to give advice on where one can learn about algorithmic trading at all?
    Jan 1, 2018 2
    • Amazon / Eng jHUS45
      Get started with Tradestation's automated strategies and EasyLanguage. Its a good place to start and develop your skills and understanding before moving to Python & Zipline
      Jan 2, 2018
    • Lyft insomniac
      Thanks!
      Jan 2, 2018
  • Amazon FunksG
    Give Bridgewater a try.
    Jan 2, 2018 13
    • Amazon FunksG
      I know a Senior Investment Associate that makes well over $1m/year
      Jan 2, 2018
    • Splunk DesiLaunda
      That is not a technical position, is it ?
      Jan 3, 2018
    • Amazon FunksG
      An SIA can cover many tracks and yeah he is technical.
      Jan 3, 2018
    • Uber / Eng
      (👈👉)

      Uber Eng

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      Google, Uber
      (👈👉)more
      Bridge water is a cult.
      Jan 3, 2018
    • Bridge water culture is scary. Normal people will get heart attacks or cry everyday. Not Amazonian cry but real ones. If you can fit there then good for you.
      Jan 3, 2018
    • Splunk DesiLaunda
      Am sure your SIA friend is not getting paid for writing code. What is the corresponding level in the tech world?
      Jan 3, 2018
    • Uber / Eng
      (👈👉)

      Uber Eng

      PRE
      Google, Uber
      (👈👉)more
      My former manager was at Bridgewater. She developed panic attacks and had to take a 3 month sabbatical to recover.

      You either have to drink the Kool-aid and embrace the cult or get washed out.

      Here’s the 210 point “Principles”: https://inside.bwater.com/publications/principles_excerpt

      Everyone is issued a copy of the founders book and expected to read and embrace it.
      Jan 3, 2018
    • Splunk DesiLaunda
      😂
      Jan 3, 2018
    • Genentech / Eng ratsey
      You get paid though. Two of my friends are entry level analysts out of college at bridgewater and make base+commission=$300k+. Management will make into 7figures with 75%+ coming from commission.
      Jan 3, 2018
    • Amazon FunksG
      They only want ENTJs and ENTPs so unless you are one of those, forget about it. Also they test you on the principles during the interview and your score DOES matter.
      Jan 4, 2018
  • Uber / Eng uber!
    Any Quant companies in bay area? 🤔
    Jan 3, 2018 1
    • Splunk xjdjeifkc
      I Google this every few years and beside a few startups the answer seems to be no. :(
      Jan 3, 2018
  • Uber
    zUQl03

    Uber

    PRE
    Deloitte
    zUQl03more
    Short term, your comp runs higher on cash (much higher) but you’ll experience the joys of mandatory deferral. You’d better believe in your fund.

    Long term, sure, Two Sigma has a niche. Otherwise the ETFs are coming for you.
    Jan 2, 2018 0
  • IBM jh232
    Don’t do it. I’ve done both. If you aren’t finance talent(aka the quant/trader) running the desk, you are dirt.
    Jan 2, 2018 0
  • Snapchat / Eng camera-co
    I can't give exact numbers for 2S, but I have family who works on wall street and the general understanding is that it's far more performance based than tech is (where market health affects said performance).

    Two sigma has been one of the most successful firms the past several years, and if you are one of the big players you will be rewarded for it. However, they won't make you promises in the way that RSUs tend to be like is the case in tech.
    Jan 2, 2018 0
  • Daimler / Eng 🍆((
    One of my old mentors from grad school is there, and he says it's fucking awesome and you get paid a half million a year.
    Jan 2, 2018 7
    • Splunk xjdjeifkc
      What does he do? Front desk, swe?
      Jan 3, 2018
    • Daimler / Eng 🍆((
      Deep learning on aggregated news for market forecasting
      Jan 3, 2018
    • Google PICn50
      Half a mill is doable in fang. I know because i make way more.
      Jan 7, 2018
    • Splunk xjdjeifkc
      @PICn50 what do you do? Management?
      Jan 9, 2018
    • Google PICn50
      Ic.
      Jan 9, 2018
    • Daimler / Eng 🍆((
      Any advice on making a half million or more in tech per year?
      Jan 9, 2018
    • Google PICn50
      Move to fang, either jump every two years or work a little harder, stay away from bs, and solve a problem for someone higher up. I havent done the last part, but i hear if you solve a large problem for someone in keadership, nomattrr the problem chances are higher.

      Otherwise stockrefreshers stack up, and you reach that number rather comfortably
      Jan 9, 2018
  • Microsoft N00g1er
    They offered me about $250,000 total comp, but it was for a position in Houston so they adjusted down for cost of living. The Houston office seems to lack the action the main NY office sees though

    A position in NY would have been higher $$$ though. Fyi, they consider their salaries competitive with Google.
    Jan 3, 2018 3
    • Facebook OhSnapZ
      What level position at the time and how many years experience? 250k for new grad is amazing but not great for an E5/staff offer.
      Jan 3, 2018
    • Microsoft N00g1er
      It was an E4 offer (if I remember their level system correctly, it was one step below whatever level managers tend to have). I'd been in the industry for 8 years.

      They kept emphasizing that the lower pay was because I would be in a city with a lower cost of living.
      Jan 3, 2018
    • Facebook OhSnapZ
      Thanks for sharing. Seems roughly in range for that level compared to FANG. Nothing outstanding. Can see why you wouldn’t jump on that if you had other good offers on the table.
      Jan 4, 2018
  • Two Sigma / Eng chairs
    I've seen offers be around 20% above Google for L4/5
    Jan 24, 2018 1
    • Snapchat / Eng camera-co
      How much of your/your coworkers compensation isn't guaranteed (based on a company performance bonus pool).
      Jan 24, 2018
  • Microsoft / Eng 20% raise
    I believe salary is low, but bonus is YUUUUGE.
    Jan 1, 2018 0
  • Google MqJz07
    I remember being contacted by recruiter from one of the hedge funds. Offered a position in NYC, Austin (iirc) and some other places, 300-500k total comp without prior finance experience required. I was like Damn, but never replied
    Jan 3, 2018 1
    • Google / Eng ae521
      OP
      Why not?
      Jan 3, 2018

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