I'm exploring an opportunity (software engineer) with this company called Arcesium. They are a D E Shaw spinoff with 700 people but I haven't heard of them and neither has anyone else. They make post trade systems. The recruiter claims they have a hedge fund like pay structure with quickly increasing comp, and first year competitive with FANG. Anyone know anything about these guys? How do they compare to FANG type companies?
For context, this is in NYC. I heard FANG pay in India isn't spectacular, but wonder how much this comparison depends on location.
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I've worked there for over a year. I can say for sure the pay and culture is great. In terms of work, if you'll be working out of New York, you'll basically be calling the shots for all the work to be done in the Hyderabad office. If you're in the Hyderabad office, you will have a few Mid-Level managers through which you'll get your work relayed. They also send people to the NY office every year. For actual work - it's mostly Java, sometimes Python. Lot of smart and talented people there. Personally did not feel the work was challenging in my team and I was unable to get a transfer to another team (due to manager politics) so I quit. Edit: Also wanted to add that they have a lot of legacy Perl code from D E Shaw that sometimes still need to be used/developed or converted to Java. On the database side, when I was there it was mostly SQLServer but I know some teams were experimenting with Open source technologies like MongoDB and Postgre. For frontent I don't recall there being a specific stack, mostly a bunch of people constantly debating between different frontend frameworks and everyone doing what they wanted, but a lot of React for sure. Edit2: Average yearly salary increment is around 15-20% or more depending on performance, and there is a separate performance bonus as well.
Can you share some numbers with corresponding levels? Your post is very insightful.
Unfortunately I was in the India office so the exact numbers may not be as relevant. I was getting paid almost 1.5x of any equivalent employee in FB/Google/Apple/Msft and the yearly increments start stacking up fast. Note- you don't get any stock options at all, nor any access to an employee fund (like some other hedgefunds do) so the higher salary is meant to compensate for that.