Obligatory "Only Amazon engineers call themselves FAANG". TC for HFT/prop trading seems to be very obscure and engineers at these firms don't advertise it loudly either. I constantly get pinged from headhunters for HFT/prop trading for backend/infra roles. I'm trying to figure out whether making the move would be worth it from a TC/career perspective. TC: 340k YOE: 3.5 #citadel #janestreet #twosigma #optiver #imc #hudsonrivertrading
Depends on what you can do for pnl. Comp can be astronomical for high impact. The downside is it’s directly measurable - no way to argue “but it was a hard feature and took 6 months” - if it only brings in 70k a year you’re getting paid <70 for that work.
That sounds like the case for a quant, but backend infra wouldn’t have easily measurable impact.
Quite a few shops will measure for infra as well - both positively and negatively.
400-800k ish seems about right
For 3.5 YOE? How much of that is for base and how much of that is bonus?
Depends on the shop, our new grad offer goes up to 400k so seems appropriate for a lower end range
Getting pinged by external recruiters means nothing btw. They’re just middlemen who spam these HFTs and they rarely convert to an interview.
I have no doubt it’d convert into an interview. Passing the interview is a different question.
Depends on the external recruiter and how good they are
Probably more than me and I’m making 300 base 420 bonus.
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Closed now - thank you all
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How common is it actually to earn more than 300K TC?
With your FANG experience, just build your own trading algorithms. You will be making more than you could at a fund. Source: What I did
I don't think I have the experience or sufficient capital to make that worthwhile right now.
Nice larp