Crazy offer from New York Hedge Fund Fintech
So I interviewed at a hedge fund yesterday in New York and they've already sent me an offer today for 3X my current pay! but I have to relocate to New York from San Francisco. I have 10 years in the valley working in consumer web and really love my lifestyle here. I currently make $200K as a software engineer with great benefits. This new position is a suit and tie fintech job near Wall Street. The offer is slightly shy of $600K a year for a director of private cloud services role for a top 5 hedge fund managing tens of billions of dollars.
I have a few concerns I'd love your opinions on.
1) I don't know anything about Wall Street and hedge funds but I've heard they are a death march and super cutthroat environments. Is this true? Will I be paying for the pay bump in stress and anxiety?
2) if I take the job, I'm walking away from about $600k in unvested RSU's but getting it back in salary I guess
3) what would you do?
4) any questions I should be asking them?
I have a week to think it over, constructive feedback is much appreciated.
comments
1. How much You will definitively SAVE after tax and living costs. Promises of bonuses or equity (like Snapchat) are good but you have to apply a discount factor of uncertainty to them. U should answer how much is that? 25%? 50%? U say it for yourself. But don't let the big number lures your mind. By the way, rule of dumb: they never give you best offer at the beginning. U gotta bring another offer and negotiate or soon i will realize u left money on the table.