I have friends at 3 of them (not Jane Street) and they seem to be getting paid roughly the same- but all new grad. I’ve heard it both ways that the trading companies pay more and that they don’t- so I’m not sure which camp is correct, especially as you get more senior. The pay ranges for YOE seem pretty well quantified on Blind for FB/G but not TS/JS/ or other trading firms (I’m assuming party due to their smaller size). I was wondering if anyone from TS/JS or who has worked there is willing to share their experience relative to compensation at a given YOE? TC: 120 + paper money YOE: 0
Not sure about others, but I have a friend @ JS new grad. It is also much harder to get into than goog/fb/etc. This is NY office. Base: 175k, plus some performance bonus. Don't rmbr the % top of my head, but the expected # provided u dont suck (there might also be a signon but i dont rmbr the #) is ~225 TC + some possible one time signon bonus IIRC Not sure if that's standard -- they are probably the smartest person I've ever known so, YMMV
New grad ts comp comparable to the rockstar offers that goog and fb offer. Comp at ts grows much faster though. An average tser can expect to pull in a similar tc to top performers at goog of fb at the same level.
Our rockstar offers come with a 100k signing though :)
Citadel contacted me earlier. I'm 1.5 yoe, and the recruiter said they would buy out my stock. I said for like a year?, and they said they would buy out all my unvested stocks as a signing bonus (~220k at the time). This was just initial talk with recruiter but either way I'm currently Not interested because I have some immigration stuff. I was pretty surprised.
Comp at TS is strong — especially for top performers. It’s all cash (and not particularly variable), but mine has more than doubled since I joined out of college
What level are you and how many yoe if you dont mind me asking.
I’m also curious even if just YOE out of college to double your pay
I think TS comp is about the same as Google's at equivalent levels with similar WLB on average. The numbers at comp.fyi seem accurate where G-L3=TS-L1, G-L4=TS-L2, G-L5=TS-L3-4. Some would argue that upward mobility is limited at TS beyond that due to a preference for hiring external managers. I think other firms like JS, HRT, RenTech, and various HFT shops pay more, but those companies don't hire many people.
Interesting. Since TC is the same, what are the main reasons to go to TS over Google given G has better perks and (slightly?) better WLB
Some people prefer a smaller company or prefer the finance problem domain. I doubt Google has better WLB on average.
It seems to me that the smaller finance firms are better equipped to pay for outperformance than the tech giants that have grown large bureaucracies. Median employees probably do a bit better than they would at Google/Facebook, and at the low end it's probably the same if not a bit worse.
Short answer? Yes. Long answer? It depends. Bonuses will go much, much higher in HFT, while your salary will kind of stagnate. Top performers get rewarded pretty well at both sets of companies, but in general you’ll make more in finance/HFT. Also, it’s cash, as opposed to RSU refreshers that vest over 4 years. In absolute terms you will make considerabile more at HFT, especially for singular, unique positions in which there is a very small talent pool. When it comes down to relative terms (I.e. effective hourly wage and work life balance equivalent) it’s much harder to draw a comparison. In general you will work longer hours with more stress at the HFT firms. This isn’t always true, as there are some intense, stressful teams at Google and FB, but the average definitely tends to be more relaxed.
Rumor has it Two Sigma wlb is the same as Google. Don't know how accurate that is though
I can consistently work 5 to 6 hour days. Can you really expect that at TS? Not disagreeing, genuinely curious