Say I join citadel/js/hrt as a new grad as a SWE and stay for 10 years. Is 1mil tc possible at that point?
Close to 7 figures is possible at some prop shops in 8-10 years. Dm me for details
As SWE??
Yes
If you search for Jane street, there’s a JS employee who claimed his TC was nearing a million and he was 29 iirc. I’ve heard that 1mil tc for JS SWE isnt unheard of.
😂
Join a high growth potential company, where you can make an impact, negotiate for maximum equity, then make an impact that helps propel its growth. That has a shot at earning you >$1M TC. Or, you might fail hard, but you'll come out better for it. Not sure you can say the same about 10 years at a quant shop...
Much easier to make millions from being an entrepreneur than becoming a 1m TC SWE at some company.
I’m not so sure that this is true. Entrepreneur is also much higher risk - very likely to end up with nothing when your business goes under.
Right now very very few quants make 1M. It’s not impossible but highly unlikely. Asset managers are being squeezed out by indices so you need to be the right kind of quant too. Most quant work is really lame, like most ds or ml jobs, rather commoditized.
The work Citadel, JS and HRT do has nothing to do with index funds. It’s very possible to make 1M as a quant at these places, not that rare at all
I’ll be honest I don’t know personally a quant or even a trader making a mil right now
Yes, I'm still a few years short of 10 yoe and expect to make a bit over a million this year. I didn't start here as a new grad either; if I had I'd probably be doing better. Hard to predict whether quant shops will still be doing well in a decade, though.
Curious are you in a QR role or a QD or something else?
Back-office SWE.
Yes, there are quants making 1m+ but those are outliers and there's massive selection bias at play. Several quant funds have folded in the last 2-3 yrs. What do you think happened to the quants there? I personally know a number of experienced folks who've moved from HFs to big tech.
I have been at the same HFT shop for 3 years, comp approached 1M in 2018, then dropped 20% in 2019 as performance across the board in the field didn’t hit 2018 highs. It’s extremely variable. But yes, it’s possible. YOE: 7, location: Chicago
Which company do you work for?
Jump. 250 base, rest of it bonus. How’s IMC doing?
Wow. Congrats man. You are among the top in whole of blind
I dont have 1mil Im asking hypothetically LOOL
You made it look like you did. So what tc do you have then??!