Anybody have first hand knowledge of comp at HFT/hedge fund places like 2Sigma et al? Big jump from L4/5 comp at Google? Should I sell my soul?
Yeah they will pay you mostly double. Working for hedge fund is no longer selling your soul.
Even as a software developer (not a quant or anything)?
Is it 40 hour work weeks?
I moved from Google to 2sigma. The pay jump is real.
How much were you making at Google vs now?
Do y’all have any former amazons or should I get into google first
Never. When you're at a hedge fund, you'll no longer be doing a front office job.. And you don't want to be working a job where you're not front office. You'll be treated differently, paid less and you'll be less happy IMO. I'm curious what the numbers are, but even than you'll be working more hours and might get fired anytime. Your salary at first might be high, but 10 years from now those that are in tech companies in front office roles will be getting paid higher.
Have you ever worked in one or ever even have a close friend who has worked at niche hedge fund? They are at par in terms of engineering with the elite tech companies and have a similar if not higher hiring bar. The working long hours is another misnomer that is frequently thrown around and is certainly not true. Do you think people would stick around at these hedge funds if it was so crap when they can also work at top tech companies and have a better quality of life? Disclaimer: I have worked on both sides.
No necessarily hf but I have some friends that switched to sell side (IE Goldman Sachs) and they hate it.
Me and several people i know did not get good enough offers from 2sigma
Junior/senior/staff level offers?
Senior
I believe salary is low, but bonus is YUUUUGE.
If you want a pay jump from Google you don't need to go to 2sig. ;)
I'm guessing you mean snap? What sort of deal did you manage to get?
Snap gives out retarded amounts of equity even still (like 1+ mln for senior). That being said, your quality of life will be much much lower. Work/life balance will be significantly worse. You also will probably stagnate intellectually since the level of talent is measurably lower. Less interesting projects too.
Anyone willing to share any actual comp figures?
Anyone want to give advice on where one can learn about algorithmic trading at all?
Get started with Tradestation's automated strategies and EasyLanguage. Its a good place to start and develop your skills and understanding before moving to Python & Zipline
Thanks!
Give Bridgewater a try.
Read into the culture at bridgewater. If you can survive the culture you’ll do really well there
You are either a good fit or prepare to get diagnosed and probed outside the building.
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