Can anyone chime in what would be the realistic max TC in London? I have seen ads for £300-400k at hedge funds but obviously those are from recruiters and not sure whether really possible, otherwise seems like FANG goes to about £200k? Looks like there is no comparison really for the higher levels vs the US. TC: £50k(intern)
Max: passive income. Realistic max: US TC * 0.7
FANG doesn't advertise staff-level TC as openly as the hedge fund industdy. Assume semi-efficient markets.
You can see on levels two E5 from FB at around 230
That's in $ though and more or less £1 == $1 in purchasing power.
OP it's not There is no 3 pound meal deal in the US. That kind of stuff is sold around 8-10 USD in grocery stores. There is no 1lb yogurt for 1 GBP. It's 3 USD.
Max is hard to quantify. Somewhere in the city there will be a consultant making 1mil+ at a hedge fund for some reason. Fang goes to 200k maybe 300-400k for ml researchers. Run of the mill ic between 65-120k. I know ic consultants making 150-200k at random places, but it’s hard to keep such gigs going long term.
I guess those ICs are contractors, what about full time engineers at hedge funds?
I do not think "300-400k for ml researchers" is true. Average ML researcher would have a small premium, but not 300-400. Even DeepMInd offers much lower for clearly above average ML people.
There are hedge fund or trading firm employees pulling down easily seven figures. Trying to take the max doesn’t really make sense here.
Yeah, I get that. I guess I just phrased it wrong, I am just interested what is the realistic potential in the London market since I am not from there. Do you have any idea about the compensation at Citadel Securities in London? It is one of the place to which I am applying.
🍿 hey bluetiger, what's your level and tc?
Well, Citadel Securities pays mean TC of 500k in London. And I’m sure MD pulls couple of millions here. So the sky is the limit.
Which role ? Yoe ? 500k USD is a lot of money especially for London.
Max doing what? As an IC? Manager? Director? CTO?
Janitor
Curious about SWE and quant at hedge funds?