I have been a faang engineer for 10 years. Wondering if I should try something new. Can someone give a high level view of life as a quant engineer (?) / trader? Not finding good articles on my own. As an example, here's a summary of my software engineering role: I mostly develop new infra products in a product focused area. My day to day involves leading multiple medium sized projects; collaboration with wide variety of engineers. Pay is decent at 500k+. Work life balance is also pretty good (9-5 for the most part).
Similar boat, but I am a scientist with 10 yoe. Want to know if it's worth exploring quant roles.
Uber is not faang
Sorry Zuck
I have been at Google for a while.
Given your background, and your TC, not worth it. You’d be treated as a second-class citizen with respect to folks who have PhDs. Also, generally speaking those who implement trading algos come from hard science PhD backgrounds.
Why does everyone on every one of these threads assume the poster is not from a hard science / math Ph.D. background?
Cause stats make it unlikely lol
Not worth it both ways, not worth it for you, and also not worth it for them given your pay
Everyone saying it not worth the switch, won’t OP be offered 700k+ if he interviews well?
Lol, unlikely. Maybe at Citadel.
No he won’t. No one gets offers like that in quant unless you already have a high sharpe ratio track record from another fund. If you are coming from an swe background you will be probably viewed as someone to implement infrastructure and not as an actual PM
May I suggest making your own basic algorithms for trading ?
no...
Why not? Maybe can just be backtesting for now without using real money. But rather, use paper money
Sorry that nobody is answering your question (myself included). Bottom line is being a PM in finance is eat what you kill and you frankly don’t know how to hunt. Nobody is going to give you an offer that is competitive with being an swe in faang because the only experience that matters is generating PNL so you would be entry level. If you want to be an swe at a fund that’s another question but I’d be surprised if you got more than 300k, developers are viewed as a cost center rather than money generating and are compensated as such.
"Pay is decent at 500k"my advice is *** you all the way
Why not get a new hobby/meet new ppl (if single) and enjoy the high TC? 🙂🙂
Most front office hires are from: 1. Straight out of undergrad/ PhD 2. A well respected industry research lab 3. From a competing firms quants Not an impossible transition, but probably more difficult than you’re imagining
If I don't get in, it's fine. Made this post to understand what's out there.
How about FAANG => core infra? I've seen that HRT has some openings for those roles