Tech firms such as Google and Facebook hire a ton of people. But try getting an investment role at a firm such as Citadel, Viking, Paulson, Coatue, Blackstone, KKR, Apollo, etc. They are FAR more selective and rigorous, as the jobs require more analytical horsepower, creativity, and strategic thinking than what code monkeys at tech firms do.
Apply ointment directly to burn
You are right. Powering something like AWS that half the world use takes less skill than applying MCMC billion times. [sarcasm]
Of course, finance is more selective. There's way more demand in the market for code monkeys and software engineers right now since tech is such a great way to make money. Big companies have to give in to taking in more candidates (and be less selective) since the supply of candidates isn't high enough for them to be selective. If supply was as large relative to demand as it is for the finance sector, then we'd see a similar pattern in tech of more rigorous interviews.
Base rate fallacy. Tech positions in big tech companies > tech positions in finance
That's why you combine both and do weird shit with Bitcoin.
What’s your point?
Maybe, but then you'd have to work in finance
Oh noo, are you saying we are not special and smart anymore?! That hurts.. Please take your words back.
Citadel is such a joke. I took an edible before my interview and landed an easy job offer. But who wants to work in fintech?
What was in the edible? Are you sure you didn’t just spend an hour talking to the mirror? :)
I was asked to implement an LRU cache. That’s pretty much it. The hiring manager seemed very nervous and didn’t want to offend me.
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So hard being a women in tech industry
They also lose a bunch of supply because smart people want to do more than provide liquidity to the markets. So it's not all that simple
Or like providing value to the world by making real time ad bidding faster. Whatever helps everyone sleeps at night :) (pun intended)
Right. Because users don't benefit at all from the free search, it's just advertisers making money...