Tech IndustryApr 20, 2019
NewMzTx45

Career advice: trader to fintech

a trader in hedge fund for 10yrs. Recently did a master in data science. Looking for some fintech related job. Advice?

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Goldman Sachs not_Lloyd Apr 20, 2019

Why fintech?

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AXWY54 Apr 20, 2019

Why don’t you start your own algo trading firm

Google tsukino Apr 20, 2019

capital risk, overhead costs (infra, brokerage, office, recruiting, etc.), operating experience, etc.

Oscar 🐨koala Apr 20, 2019

Have a friend who did trader and then swe. Doable and he is making a lot of money at Uber right now.

Uber 2muchblind Apr 20, 2019

Out of curiosity what is your TC as a trader? And yes, lots of big companies and unicorns have fintech engineering and data science orgs that will really value your experience.

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algH37 Apr 20, 2019

Also curious about TC as a trader, is it a big comp drop off to become a SWE? Also I don’t feel the transition should be too difficult

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MzTx45 OP Apr 20, 2019

I got 150k base plus 10% of the pnl i made as bonus. 60pct in cash 40pct deferral in 2yrs

Uber 2muchblind Apr 20, 2019

How much on average was your PNL?

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MzTx45 OP Apr 21, 2019

It really depends on the mkt and ur LUCK, roughly between 2mm to 5mm a year

Walmart diab0lical Jul 21, 2022

@OP based on your numbers looked like you were making $400k - $650k a year tops as a trader at an HF. Though my understanding some people in hedge funds make a lot more than this. Is that true?