Why are fintech companies scared about their engineers leaving to software companies?

Bloomberg / Eng
rockstar20

Bloomberg Eng

BIO
I am passionate about software engineering.
rockstar20more
Jun 7, 2018 27 Comments

I have noticed this trend specially in fintech among senior management that "pure tech" companies( like Faang) are waiting to attract the best talent from them.

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TOP 27 Comments
  • Google QvCc10
    Because the tech companies pay better and treat the talent better.
    Jun 7, 2018 7
    • Capital One / Eng Nigiri
      If you're a quant, then you will be paid very well. If you aren't, then a real tech company will pay much better.
      Jun 7, 2018
    • Bloomberg / Eng
      rockstar20

      Bloomberg Eng

      BIO
      I am passionate about software engineering.
      rockstar20more
      OP
      No way I want to be quant developer. I find it very boring
      Jun 7, 2018
    • Oath CalS47
      What does 'quant' mean in fintech? And what does it mean to be paid 'very well'? Is it possible to go 350k+ TC with around 8 yoe?
      Jun 7, 2018
    • Capital One / Eng Nigiri
      You sweet summer child. Yahoo it ;)
      Jun 7, 2018
    • Expedia NadalWin
      More in 2 sigma. I think TC can be 500k. I know some standford PhD with 0 experience get that much there. But you go there just for money, their jobs sound so boring.
      Jun 7, 2018
  • Bloomberg
    happylife0

    Bloomberg

    PRE
    Amazon
    happylife0more
    B.B. is definitely not in the high pay tie, especially after long years of service
    Jun 7, 2018 0
  • Amazon Jeff Bеzоs
    Fintech is boring and useless number crunching that helps some people get rich by shuffling paper. The only cool thing Fintech had going for it was blockchain, and that wasn’t even invented in Fintech. FAANG, otoh, has real impact and is changing the world, plus they pay and treat their engineers better.
    Jun 7, 2018 1
    • Bloomberg / Eng
      rockstar20

      Bloomberg Eng

      BIO
      I am passionate about software engineering.
      rockstar20more
      OP
      I feel that I wasted couple of my years by joining here. Most of the folks around me are either mediore, set in their way and don't want to learn or unlearn. Always a figuring out way to to easy things instead of doing the right things. People punching the clock
      Jun 7, 2018
  • Bloomberg
    happylife0

    Bloomberg

    PRE
    Amazon
    happylife0more
    That’s your tc op?
    Jun 7, 2018 12
    • Amazon AWS420
      Joining Amazon as a new grad and my offer TC is 165k
      Jun 7, 2018
    • Bloomberg / Eng
      rockstar20

      Bloomberg Eng

      BIO
      I am passionate about software engineering.
      rockstar20more
      OP
      With stocks or without stocks. In Seattle? When did you join
      Jun 7, 2018
    • Amazon AWS420
      With stocks. In New York. 145ish in Seattle
      Jun 7, 2018
    • Bloomberg / Eng
      rockstar20

      Bloomberg Eng

      BIO
      I am passionate about software engineering.
      rockstar20more
      OP
      Hmm
      Jun 7, 2018
    • Microsoft melv
      Msft gives college hires 100k to 150k stock over 4 years.
      Jun 7, 2018
  • Two Sigma foofoofoo
    Is my company fintech?
    Jun 7, 2018 1
    • Commvault Errrr
      Yes
      Jun 7, 2018
  • T-Mobile Pl14we
    Fintech is not going anywhere since they have don’t have additional data to make more intelligent decisions on loans. Those who have data are not mining it properly or unwilling to share to make better decisions. Its a tough industry.
    Jun 7, 2018 0

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