Two Sigma Quant SWE vs research

Goldman Sachs fake engineer
Jul 19 14 Comments

A lot of discussions about SWE vs quant exist, but what about quant software developer vs quant research? Do they report into the same part of the org? What about pay?

When I interviewed at AQR they said quant dev and quant research sit next to each other, are paid the same, etc. That would be nice.

TC: below 250 yoe: 4
Skills wise I am a jack of all trades but still more of a quant than anything else. Degree in math, definitely L4 at best if I try for Google.

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TOP 14 Comments
  • Jane Street Capital sieurnfi
    Go with what you're good at and what you enjoy. Very few people could excel at both jobs. You'd make more as a top-tier dev than as an average researcher and vice versa.
    Jul 20 3
    • Goldman Sachs fake engineer
      OP
      Research for sure, but it's harder to get into that org. Quant dev is fairly similar and typically lets you get involved with research, but some companies put a big wall between the two which I consider a huge red flag.
      Jul 20
    • Amazon crypto*
      What is the day to day work of Quant SWE ? Do they get an opportunity to at least implement the trading strategies ?
      Jul 20
    • Goldman Sachs fake engineer
      OP
      At big stat arb funds, I think they work on research tooling, implementation/productionization, data cleaning and processing, etc. Research would I'm guessing be more focused on new signals, refining the model, more statistical work. I'm guessing signal/alternative data research happens in both since it would be quite engineering intensive.

      In algorithmic market making the "front office" SWEs are usually more about implementation, since speed matters more.
      Jul 21
  • Aura SBgg50
    My friend who is a junior VP (developer) at Morgan Stanley in NYC took home 450k last year^
    Jul 19 5
    • Instinet / Eng
      qEXV86

      Instinet Eng

      PRE
      Société Générale
      qEXV86more
      Yes, algo Dev or similar special skill at VP get paid good at large Bank.most position pay crap though
      Jul 19
    • Aura SBgg50
      He's just a backend dev for capital markets haha. Nothing too crazy
      Jul 19
    • Instinet / Eng
      qEXV86

      Instinet Eng

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      Société Générale
      qEXV86more
      Really, need to polish my CV then🤔
      Jul 19
    • Morgan Stanley Gorman
      Your friend might be lying to you.
      Jul 19
    • Goldman Sachs fake engineer
      OP
      No I believe it, the problem is it would be utterly stupid to think you have any reasonable chance at it yourself if you work at a big bank :P

      I've heard of one guy getting 350k as an associate...while 30 other people were pissed about their comp. Better to put in the effort at a place where the median person is happy instead of trying to quit.
      Jul 19
  • Google / Eng jf8s3b
    At lunch one of the two sigma people told me he interviewed as a quant and didn’t make the cut so joined as a quantitative swe
    Jul 19 1
    • Goldman Sachs fake engineer
      OP
      The bar seems lower yea, but whatever the numbers people throw around here seem good enough, and as long as I am involved with research I'd be happy. Anything is better than GS...
      Jul 19
  • Instinet / Eng
    qEXV86

    Instinet Eng

    PRE
    Société Générale
    qEXV86more
    Not surprising, decent TC at large bank like GS is only at VP (senior developer) and up and in trading/algo which I assume you are not, specially with only 4year exp
    Jul 19 1
    • Goldman Sachs fake engineer
      OP
      Lol junior VPs don't even get paid well though... It's when you have lots of direct reports that the TC becomes good.
      Jul 19