Software Engineers of High Frequency Trading firms, how was your comp progression like?

New hjkO62
Oct 18 39 Comments

I always see high starting salaries for companies like Jane Street, citadel, Two sigma, HRT etc but never see how their salary changes each year.
I would like to know your YOE, Salary and Bonus when your started working at the company, progression of your TC each year and also the best thing you like about your company.
YOE: 0
TC: 0 (Student)

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TOP 39 Comments
  • Jane Street Capital / Eng sinsivt
    A lot of this stuff varies by firm. Elsewhere in this thread someone mentioned that Citadel devs often burn out in two years, whereas we only lose <5% of devs each year.
    As far as my comp progression, I joined with 3 yoe and have gotten 500k/575k/715k since then.
    Oct 19 11
    • Oz Management / Eng Jams
      I feel like all you need is leetcode skills but I could be wrong.
      Oct 19
    • Jane Street Capital / Eng sinsivt
      I don't think leetcode actually matches very well with what we look for in interviews. We don't use questions with esoteric algorithmic solutions and stuff like that.
      Oct 20
    • Jump Trading / Eng
      bUTP41

      Jump Trading Eng

      PRE
      Facebook
      bUTP41more
      That's some nice progression! Congrats sinsivt :)
      Oct 21
    • Google / Eng onesigma
      Any tips to crack Jane st interviews?
      Oct 22
    • Amazon Bromuch?
      Work at an sdn startup and youll get into hft. I miss hft, damn those non competes! Lol
      5d
  • Two Sigma / Eng mgre
    200/250/350/450
    Oct 20 10
    • Two Sigma a n o n
      seems likely to be an outlier. 450 is well into L4 range which would require yearly promotions.
      Oct 22
    • Google / Eng onesigma
      How many years otherwise would an average dev at 2s reach 450 then?
      Oct 22
    • Jane Street Capital qxecgvu
      Is 200 the prorated comp for your stub year, or your first full year?
      Oct 22
    • Two Sigma a n o n
      @onesigma I don't know; levels and comp aren't public. But I would guess 7+ years is more typical.
      Oct 22
    • Two Sigma / Eng mgre
      200 was the offer letter comp, was prorated to less.

      Yes this involved a promotion each year.
      Oct 22
  • Citadel / Eng
    BrutеForce

    Citadel Eng

    PRE
    EPAM Systems
    BrutеForcemore
    You last a year or two and move on. That's your progression. Very few stay for longer. But next year bump is usually very good.
    Oct 18 5
    • Walmart / Eng XsEg37
      Is the job really that stressful or there are some other reasons for this?
      Oct 18
    • Uber / Eng itsdara
      Burn and churn?
      Oct 18
    • New hjkO62
      OP
      How much did your bonus increase in the second year?
      Oct 19
    • Jane Street Capital ynthdj
      To be clear, this is only true at Citadel. People at JS and TS tend to stay for a long time.
      Oct 19
    • Two Sigma / Eng mgre
      +1 ^
      Oct 20
  • Google / Eng onesigma
    Only very few trading firms pay well. Here was my previous tc at a quantitative asset management firm from new grad in manhattan: 130k, 150k, 170k...

    Not gonna mention its name, but if you search “quantitative asset management firms”, it’s somewhere on the first page of Search.
    Oct 22 3
    • Well, quant trading firms are very different actually.
      I would rather not compare "prop" teams like Jane Street, Citadel Securities, XTX, ... with asset gathering operations like AQR. Definitely, a successful prop can pay orders of magnitude than a highly regulated asset gatherer. Also it depends on what extent the firm values technology. There are still firms that see tech as a cost center.
      Oct 23
    • Google / Eng promosux
      Not all asset management firms pay that badly. Two sigma and citadel have asset management arms and they pay well. PDT partners is also another hedge fund that pays well.
      Oct 23
    • You are slightly wrong here.

      Citadel Hedge fund is "alpha" fund that is very limited in liquidity (yet it is in the 10s of billions). They do not accept any more outside investors. On the other hand, basically anyone eligible could invest in one of AQR's products. They are in completely different businesses.
      PDT is the same -- limited liquidity and no opportunity to invest.

      Do not know about 2S, but guess they operate the same -- one prop arm, one capped hedge fund and one "unlimited" low performing program.

      I doubt any "assets collecting" program pays well for technology.
      Oct 23
  • Google / Eng betETF
    TC: high at the beginning, gradually falls behind at entry lvl + 2 of tech companies. There is about 10% annual bump w/ no leveling bump.
    Wlb: no coaching level. Work about 45-55 hrs/week (highly depends on company)
    Oct 19 3
    • New hjkO62
      OP
      I seriously doubt this tbh, I always thought a 2-3 YOE person at a HFT earns much more than a same person at FAANG
      Oct 19
    • Jane Street Capital ynthdj
      It depends on the firm. I think average performers at TS are about in line with FANG but JS and Citadel pay significantly more than FANG.
      Oct 19
    • Google / Eng betETF
      @hjkO62 2-3 YOE person doesn't match entry lvl+2. I was referring to 4-8 YOE person
      Oct 20
  • Google / Eng onesigma
    We need numbers from CitSec devs. I’ve seen a few of you here ;p
    Oct 22 0
  • Airbnb not🌭
    Second fiddle to traders and ehhh wlb
    Oct 18 0

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