Hey guys got a return offer from FB from summer internship as an E3. Recurring TC: 158k (additional stock bonuses and per bonuses not included) TC: 223.5k I worked on an ML team and I enjoyed the work I was one of the few engineers on a mainly research scientist team. That said there was a lot of work and work life balance wasn't that great 50-65 hour work weeks as an intern. I have been looking into trading for prop firms; but haven't heard too much about it. Although the work seems very interesting and seems more meritocratic ( having your own P and L) then at a tech company. I am wondering where to apply to get similar or higher comp, find interesting work, and have a decent work life balance such as trading (open to quant dev and quant trading) or anything else. Anyone have any ideas where to apply ? Ideally would want to work in nyc
110k? I thought it was 115k now
I think they lowered it since FB isn't doing that great. I had heard return offers be 115k base and 75k signing standard the year before
That's totally wrong. It's almost always been 110k base for bachelor's. If you're a master's, you'll be offered 115k. FB is doing fine, they haven't changed E3 base.
Would also like to hear about quant finance. Is it true you need a PhD to be a quant?
99.9% of the time unless ur a genius undergrad
Damn 50-65 hours for an intern. Is that normal? TC is worth it though, right?
Were you a PhD research intern ? Until 2017 summer they were not giving return offer to research interns, only to swe interns.
I was the only undergrad intern in my org the rest were phd interns
That's just first year TC. Recurring TC is 158k, which is alright but not great. Also you can get the sign on higher.
I agree, I will definitely negotiate that. Although I don't think I would stay for more than a year at Facebook. I am not a big fan of large companies
If you don’t like large company mindset stay out of prop firms. Also most wont pay you the first X months while you’re training or you have to give them a deposit if they do let you trade right away. If you’re more interested in the actual development of the algorithms and the research that goes behind that then I’d stay away from being a trader. You’d get bored of the work quickly.