Top finance firms are way more selective than tech

Amazon / Product Section X
Dec 7, 2017 32 Comments

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.

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TOP 32 Comments
  • Google Noogie
    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
    Dec 7, 2017 2
    • Mesosphere onsie
      Or like providing value to the world by making real time ad bidding faster. Whatever helps everyone sleeps at night :) (pun intended)
      Dec 7, 2017
    • Google Noogie
      Right. Because users don't benefit at all from the free search, it's just advertisers making money...
      Dec 7, 2017
  • New / Eng
    asLM87

    New Eng

    PRE
    Apple
    BIO
    I like to use mind altering substances.
    asLM87more
    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?
    Dec 7, 2017 3
    • Microsoft / Eng
      MP3

      Microsoft Eng

      BIO
      Troll living under the I-5 overpass
      MP3more
      What was in the edible? Are you sure you didn’t just spend an hour talking to the mirror? :)
      Dec 7, 2017
    • New / Eng
      asLM87

      New Eng

      PRE
      Apple
      BIO
      I like to use mind altering substances.
      asLM87more
      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.
      Dec 7, 2017
    • Google liam
      Fyi: LRU cache task is relevant to the actual job.
      Dec 7, 2017
  • LinkedIn skfnr845
    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.
    Dec 7, 2017 0
  • Oracle / Eng ClouDev
    You are right. Powering something like AWS that half the world use takes less skill than applying MCMC billion times. [sarcasm]
    Dec 7, 2017 0
  • Salesforce / Eng
    kernelgrrl

    Salesforce Eng

    PRE
    Google
    kernelgrrlmore
    Apply ointment directly to burn
    Dec 7, 2017 0
  • Google / Eng
    (❍ᴥ❍ʋ)

    Google Eng

    PRE
    Amazon
    (❍ᴥ❍ʋ)more
    That's why you combine both and do weird shit with Bitcoin.
    Dec 7, 2017 0
  • Pandora qwe1
    Oh noo, are you saying we are not special and smart anymore?! That hurts.. Please take your words back.
    Dec 7, 2017 0
  • BMO Bvnq30
    Base rate fallacy. Tech positions in big tech companies > tech positions in finance
    Dec 7, 2017 0
  • New / Eng ryujehong
    People working in top tier finance companies are real elite. Engineers are just engineers
    Dec 7, 2017 5
    • Amazon / Product Section X
      OP
      Correct. A person who did elite undergrad>Goldman tech banking>Blackstone private equity>elite mba>top hedge fund, is smarter, more talented, and making more money than the VAST majority of code monkeys at top tech firms.
      Dec 7, 2017
    • Google Noogie
      Apples to oranges....elite school + elite tech company + consistent top performer is also better than the vast majority of code monkeys at top tech firms.

      Comparing a partner at a top hedge fund to an SE 1 at any tech company is just facetious
      Dec 7, 2017
    • Amazon / Product Section X
      OP
      I'm not talking about hedge fund partners but people in their late 20s-early 30s.
      Dec 7, 2017
    • Google Noogie
      Yeah but are you really saying there aren't equally as incredibly talented 20-30 years olds at top tech companies?

      I get you're making a comparison of say, Blackstone vs Google averages, but the former is so much smaller that it's not a fair comparison. The right tail is probably comparable, wouldn't you say?
      Dec 7, 2017
    • Apple zrqv72
      Goodman’s tech team isn’t the best, especially in nyc, tech banking isn’t the most relevant to PE, and hedge funds prefer you not to get an mba and working in pe does not prep you for that world in the slightest. Also anything even remotely linked to value or fundamentals has been rocked hard in the last few years so most of the hedge funds that have done well are more quant, who especially want nothing to do with MBA grads.
      Dec 8, 2017
  • Amazon Thanos
    I used to work in top ibanking shop - getting paid 3x than amazon (all cash, no rsu bullshit) but moved anyway because #yolo and #worklifebalance
    Dec 7, 2017 3
    • Amazon / Product Section X
      OP
      Were you post-mba banking?
      Dec 7, 2017
    • Amazon Thanos
      Yeah
      Dec 7, 2017
    • Amazon / Product Section X
      OP
      Same. I deeply regret leaving it for Amazon.
      Dec 7, 2017
  • New / Eng new era
    I worked for 2 big mutual fund companies in US for the first 5 years. I used to feel that people were always stressed about being able to survive in their job. I would agree that pay with bonus is better in finance firms.
    Dec 8, 2017 2
    • Amazon / Product Ex-Banker
      Were you in equity research?
      Jan 3, 2018
    • New / Eng Millions
      No, I was doing their software.
      Jan 4, 2018
  • CareerBuilder hdTI13
    Maybe, but then you'd have to work in finance
    Dec 7, 2017 4
    • Amazon / Product Section X
      OP
      Finance is much more rewarding and interesting than tech.
      Dec 7, 2017
    • BMO Bvnq30
      Why?
      Dec 7, 2017
    • Oracle / Eng ClouDev
      Why are you a PM at Amazon then? Go fulfill your dream.
      Dec 7, 2017
    • CareerBuilder hdTI13
      Perhaps to you. Not to me.
      Dec 7, 2017
  • Facebook veronica&
    What’s your point?
    Dec 7, 2017 0