Compenstarion for Software Dev in HFT/Trading shops like Citadel, Jane street for 9yoe senior engineer ? > 500k TC?

Jan 2, 2019 25 Comments

Current L5 Google.
TC - 365K.
YOE - 9

Got contacted by recruiters from Jane street and Citadel. Quant developer position.

Can they beat > 500k TC ?
Given they are niche finance shops is their potential for devs to cross 7 figures ?
Also can Swe change tracks to pure quant roles ?

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TOP 25 Comments
  • Jane Street Capital wCYe52
    Yes, $500k is very attainable. I passed that at 4 yoe. 7 figures is also possible although not everyone will get there. I'm closing in on it and will probably get there at 8 yoe or so.

    I don't see much movement from swe to quant, possibly none. I'm pretty far away from that side of things, though, so I could just not be seeing it.
    Jan 3, 2019 9
    • Jane Street Capital wCYe52
      Culture is definitely very collaborative. I think a reasonable fraction are passionate about tech outside of work; others have other passions (math, and specifically type theory, is popular).
      More management-y positions tend to come with longer hours, but growing into those positions is definitely optional.
      Jan 3, 2019
    • Jane Street Capital eYnq30ps
      Agree with everything wCYe52 said about our culture / wlb. The only thing I would add is that 500k for 4 YOE is probably above average but nowhere an outlier given the data points I’ve seen.
      Jan 5, 2019
  • Nielsen / Eng
    quantumC

    Nielsen Eng

    PRE
    Google
    quantumCmore
    I'm currently a quant so I may be able to offer some input.

    Per dev role, I can't promise, but they can probably beat it if you can bring the talent. Those firms seem to have endless cash when it comes to talent.

    Pure quant track will require in depth knowledge in stochastic calculus, probability, statistics and the obvious other branches of math required for intense statistical signal processing. I have seen questions in some interviews that I hadn't seen outside of my PhD coursework from top 5 institution.

    In addition, you will likely need to have concrete grounding in data structures and algorithms. Would not be shocked if you catch design questions alongside the obvious algo questions.

    All in all, a quant role at these firms expect MS+ Math knowledge with BS+ CS knowledge. If you have research, publications or patents, it will help your case significantly. Finally, if you're not a fan of intense, and I mean intense, mathematics, I highly advise you research the kind of math that goes into a quant research role.
    Jan 2, 2019 5
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      For quant devs, the strongest point of focus is programming efficiency. It's hard to say whether they should be as skilled as a PhD because I can assure you elite devs without so much as a college diploma play strong roles at firms of this caliber. Suffice it to say there's almost a 100% chance they haven't been exposed to multivariate calculus at all, let alone tensor calculus. As for quant research, I do not know a single one without at least a masters degree and I know a significant number of them.
      Jan 2, 2019
    • EagleView Technologies / R&D
      klokov

      EagleView Technologies R&D

      BIO
      C++17 greater than the rest
      klokovmore
      I am still in grad school, my coop at my last company was all systems level C++ work on image processing platforms(the PhD’s handled all the Math part) , I am headed to a new coop to work on storage software in C++.

      Quant firms have always interested me, I like Math too so thought if it’d be good to apply for quant dev too along with the regular software dev at these places.

      Though I feel HFT would be a better fit for me.
      Jan 2, 2019
  • LinkedIn / Eng
    goldbug

    LinkedIn Eng

    PRE
    Google
    BIO
    Full time coder and part time gold dealer.
    goldbugmore
    I interviewed with some HFT companies and they were a waste of time. Maybe I am just dumb. But when the acceptance rate is so low it is not worth my time to interview.
    Jan 2, 2019 4
    • New / Eng
      remus808

      New Eng

      PRE
      Google, Microsoft
      remus808more
      Since when is working at LinkedIn a barometer of how qualified someone is? 🤔
      Jan 3, 2019
    • Nielsen / Eng
      quantumC

      Nielsen Eng

      PRE
      Google
      quantumCmore
      I've been through LinkedIn's process. I would argue they are best at gaging talent across all tier 1 tech. They give time for studying and notify applicants what they should focus on ahead of time with a sizable packet.
      Jan 3, 2019
  • Two Sigma / Eng
    8$&x12

    Two Sigma Eng

    PRE
    Google
    8$&x12more
    I’ve seen numbers quoted at 500k for senior dev at citadel but wlb sucks. Also seen 500k for 5 yoe at JS for dev.
    Jan 2, 2019 2
    • Salesforce PxHg08
      How is comp at 2S like 5 years in?
      Jan 3, 2019
    • Two Sigma / Eng
      8$&x12

      Two Sigma Eng

      PRE
      Google
      8$&x12more
      On average probably 350k so about same as G / FB
      Jan 3, 2019
  • Google VgYn36
    How are you getting contacted, off LinkedIn?
    Jan 3, 2019 0

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