Hedge fund vs. FANG?

Amazon ljfhfg
Jul 10 29 Comments

I've never worked at hedge fund companies and don't have friends who work there. I want a simple idea of their TC and stability (wlb, lay offs) in comparison with FANG for the same level.
Like senior levels at FANG get about 400-500 TC and their wlb is not terrible in general (of course it depends on the team), and the position is pretty stable (no often lay off, not too much competition, etc.)
How is it at hedge fund companies?

(All for software engineer role)

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TOP 29 Comments
  • New / Eng
    blehhzhau

    New Eng

    PRE
    Morgan Stanley
    blehhzhaumore
    Does Morgan Stanley count as one ?
    Jul 10 5
    • Amazon ljfhfg
      OP
      No clue
      Jul 10
    • New / Eng
      blehhzhau

      New Eng

      PRE
      Morgan Stanley
      blehhzhaumore
      Can share insight wrt to investment banks like Goldman Sachs etc. I used to work at Morgan Stanley.
      Jul 10
    • Amazon ljfhfg
      OP
      Sure, go ahead
      Jul 10
    • Expedia / Product produxtBrah
      lol, the lack of knowledge people have about finance is incredible
      Jul 11
    • New / Eng
      blehhzhau

      New Eng

      PRE
      Morgan Stanley
      blehhzhaumore
      Technically it's not, but FWIW always good to share info.
      Jul 11
  • Amazon / Eng jNeo42
    I’m at a hedge fund now, but not with the usual suspects here (Blinders think that Two Sigma, Jane Street, Citadel, DE Shaw (Arcesium?), Renaissance are the only players). You need to realize there are 2 broad categories of SWE roles with HFs: quantitative analysis for math/stats/C++ wunderkinds, and the rest of us. Those in the former group know who they are, so forget about those roles. A decade ago you probably would have made a little more in HF over FANG (especially if you turned your cash bonuses into FANG shares and held them). Now FANG senior roles might have an edge. But you have to consider that the FANG roles are more west coast, and HF are east. You need to live where you want to. I’ve mostly done east coast (consulting, startups, HFs), but I’ve also had a west coast stint with Amazon. The work is roughly the same, but the pressure of career management at FANG is greater (there it’s not just about you doing the work, you have to be an asset). FANG is not for everyone and some will fail and be relegated to the other jobs. I’m not making any real point here other than you should get as much variety as you can in life. Because these are just jobs and you are only as good as your previous day’s work. And once you leave you are an anecdote at best to the trenchmates left standing (“oh Joey did that, he was a real character”). Don’t sit around thinking that you can control anything including your own future. If you’re curious about HFs (as you obviously are) then you should try for that someday. Even if you make $5m in shares at Amazon, after 20 years of that you’re going to have a pretty sad career story to tell.
    Jul 10 2
    • Expedia / Product produxtBrah
      JS isn't a hedge fund
      Jul 11
    • Amazon ljfhfg
      OP
      Thanks but I didn't get the last part. Why would I have a sad story to tell if I work at Amazon and make 5M in shares?
      Jul 11
  • New / Eng
    blehhzhau

    New Eng

    PRE
    Morgan Stanley
    blehhzhaumore
    Goldman can pay as much if not more than FANG. Morgan pays peanuts so don't even bother. JP Morgan also pays well. Across, IBs layoffs happen every year so you get used to seeing people getting fired. But it happens only if you're an underperformer. WLB is good at Morgan but you're not getting paid much so yeah. Horrible WLB in Goldman. No idea about JP. But you'll feel like a second class citizen since they're not a tech company. Only go there if you're okay with it.
    Jul 10 6
    • New / Eng
      blehhzhau

      New Eng

      PRE
      Morgan Stanley
      blehhzhaumore
      Not really. I was hired as grad. So I had a proper finance training once I joined. But in general they do not look for finance background but it helps if you do have it.
      Jul 10
    • Facebook mr wiggles
      Can does not mean it will. If you make them cash working as quant/strat, then maybe. Dominant share of the roles are low comp, poor tech exposure and red tape all over everything you touch. Why bother
      Jul 11
    • New / Eng
      blehhzhau

      New Eng

      PRE
      Morgan Stanley
      blehhzhaumore
      Agree. And hence "can".
      Jul 11
    • Amazon ljfhfg
      OP
      Thanks
      Jul 11
    • Google WVXD02
      Why are you taking about GS in a thread about hedge funds?
      Jul 12
  • Uber / Eng mH7bSe
    Entire thread has ZERO number of TC in HF.
    Jul 11 3
    • Amazon / Eng jNeo42
      I’m a contractor in an HF and make $300K cash corp-to-corp. That means I pay less in income tax than a W2 employee, but I also have zero benefits and don’t get paid on days off. In a few months I’ll try to get a rate bump to get to 325K, since I’ve demonstrated that my skills and output are way above average for this team. By comparison, my SDE 2 TC at Amazon would have been around 250K if I had stayed. So 300K now in a taxable state (but C2C affords me tax breaks), or 250K in WA but with benefits. The paid time off at Amazon would equate to 25K as a contractor, so in a way I could say that my current C2C comp is more like 275K if I want to take the 4 weeks off. The only way I’ll blow past this TC in an HF is to get an executive title, which I’ll probably never achieve.
      Jul 11
    • Clover Light, LLC WhatWeWent
      @amazon What about medical insurance benefits as a contractor, does that not eat even more into your $50k increase as a contractor versus employee, or maybe you are on spouse’s plan?
      Jul 12
    • Amazon / Eng jNeo42
      Right, if I want decent coverage for self it’s at least 5K plus the big deductible. So let’s say another 10K per year.
      Jul 12
  • Nvidia / Eng denvCoder9
    Top 5% are better at hedge.
    5-20% are matching
    20-100% are better at hedge.
    Basically if you are really good, they FANG will match for Hedge but not for the outliers.

    This is only for TC. TC/Hr I'll say FANG is better 90% of the time
    Jul 11 3
    • Amazon ljfhfg
      OP
      Thanks
      Jul 11
    • Uber / Eng mH7bSe
      Numbers. How much TC do they have?
      Jul 11
    • Nvidia / Eng denvCoder9
      I don't have any of HFT offers but from what I talked to people.
      1% 1m
      2-5% 600-800k
      5-20% same as FANG 350-600k
      Rest 250-450k
      There are a few outliers(2m) as well because of the bonus structure in HFT but that is not the norm and definitely not every year.

      I am talking about selected companies like JS, 2s, citadel, HRT etc... None of the ib, im
      Jul 11
  • New / Product XVrn30
    My hedge fund buddy quit because of increasing unpredictability of hedge funds. They are not making money hand over fist like they used to due to electronic trading and globalization.
    Jul 10 0
  • Apple MyYO05
    Where is the TC? I’ve been following this thread since it was posted.

    TC hedge fund guys please
    Jul 11 1
    • ICU Medical / Mktg
      user3.0

      ICU Medical Mktg

      BIO
      Trying my own thing but doing something for someone else. 🤷🏼‍♂️
      user3.0more
      HF lots of monies. Your whale cum.
      Jul 14
  • Hedge funds recruit much lesser than FANG, and pay slightly more to the creme candidates.
    Jul 11 0
  • Apple / Eng 🐒codemonk
    💰🏦💰🏦💰
    Jul 10 0

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