I recently came across a thread where someone asked about the best paying non-tech jobs. Another poster replied that hedge funds and PE pay the best long-term. I didn't see too many specific numbers in that thread so thought I should provide some data points. I have a lot of good friends who work at the various top financial firms, and I know most of their TC from last year. So below, I'm going to list their respective firms, position, and 2017 TC. Keep in mind that these are the cream of the crop so not at all representative of the "average" finance person. Rather, these figures indicate the potential upside and how much more lucrative it is than tech for those who manage to make it. All of these guys are between 30-35 years old.
Elliott Management, Partner, TC $22 million
Viking Global Investors, Portfolio Manager, TC $15 million
Two Sigma, Portfolio Manager, TC $8 million
KKR private equity, principal, TC $4 million
Jane Street, Senior proprietary trader, TC $3.5 million
Comparing your average Blind FAANG offer to this is apples and oranges.
I’m willing to bet that P50, P75 and P90 of tech are much better than finance. Finance wins in the highest percentiles only for the most successful individuals. Higher upside potential but lower for the vast majority.