What are your experiences?
- Amazon / Eng tendersFinance doesn’t hire as many SDEs as Tech. It’s also a lot harder to find SDEs who can do algorithmic trading
- Two Sigma kWJilpI think to a large extent Google and Two Sigma are in the same ballpark. I talked to a Google recruiter about moving there from Two Sigma and it seemed like my first year would be lower comp then if I stayed at Two Sigma, but I know people that have moved and felt like their TC went up, and also people that went to Two Sigma from Google and felt their TC went up. There are some differences in comp structure that are hard to price in. For example, Two Sigma comp is all cash (base + bonus). Google gives you RSUs that vest over 4 years. If you assume Google stock isn’t going to appreciate in value, and you also assume that cash in hand is better then stock in the future, then Two Sigma is going to be more attractive. But if you assume that your Google RSUs are going to go up 20% a year, then you may view Google as better.
- Uber 🌴 moreI’ve yet to find a finance company that can match a pre ipo tech company in terms of total comp potential. If you get lucky with startups, your total comp can be 5M+ without working crazy hours. Work for 4 years then retire and work on your side projects.
- Bank of America / Other tSWv17If you take the average across all the software engineers in USA then I'm pretty sure 'Tech' pays much higher than 'Finance'.
source: I'm a software engineer in Finance
P.S. - not discounting the fact that a bunch of hedge funds pay equal to tech companies (or even more) but the number of such positions are very few in Financial Tech (it's called FinTech too).
- How is the compensation structure in finance? In tech we get tons of stock (except Netflix) and predictable bonus (at least at Google)