Thinking of shifting to a hedge fund

Snapchat biggdaddy
May 25, 2018 18 Comments

People who work at a hedge fund in London/NY, how easy is it for a Dev to make 1m plus every year in TC and how stressful is the job?

I have good knowledge of financial markets (if it matters)

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TOP 18 Comments
  • Microsoft newb1186
    Why would an organization pay you $1million plus? Just think, if you own that hedge fund, would you? Unless somebody makes $25m for your business, you are not going to pay $1m to that person.

    Everyone has good knowledge of financial markets, doesn’t help that much.
    May 25, 2018 0
  • Google feral
    1MM+ as a regular SWE? Not gonna happen
    May 25, 2018 0
  • Apple / Eng 777chmod
    Hedge funds pay well but $1M is not going to happen for a SWE or infrastructure engineer. Only the quant guys might make that kind of money, but that is mostly commission.
    May 25, 2018 8
    • Apple / Eng Marijuana
      SWE to Quant is possible at HRT.
      May 26, 2018
    • Chase tjPE83
      @Marijuana. Which one is easier to move to algo dev: core dev or algo engineer? Also i see some ppl moving even from biz dev to algo dev?
      May 26, 2018
    • Facebook AeGV70
      Two sigma does not pay well.
      May 26, 2018
    • Google quora_TW
      You can become a quant if you're really good at math. Otherwise the chances are close to 0.
      May 26, 2018
    • Apple / Eng Marijuana
      I believe HRT has a specific intermediate role for software engineers transitioning to become quants.
      May 26, 2018
  • Snapchat L64 SDET
    Stay we need you buddy
    May 26, 2018 0
  • Two Sigma all day
    We generally don't pay 1 million to IC devs. A good rule of thumb is to expect roughly the same pay as Google/Facebook.

    The highest rungs of IC might make that much, but I'm not even sure if anyone has reached those.
    May 26, 2018 2
    • Chase tjPE83
      Do quant devs make more than regular swe?
      May 26, 2018
    • Two Sigma all day
      Yes
      May 26, 2018
  • Twitter Bit505
    I think the days are gone when hedge funds were paying more than regular tech companies, for swe.
    May 26, 2018 0
  • Two Sigma DoddsPod
    Pay is comparable to FANG
    May 28, 2018 0
  • Google hedgeit
    Let's go with me :)
    May 26, 2018 0