I recently finished my interviews with Jane Street research (in NYC). I believe I'm going to get an offer, and I have a call with them soon where they might ask me about expectations. I have a bachelor's and 3 years of professional SWE experience. Having done some research, it looks like for a new grad SWE the salary + annual bonus is somewhere between 300k-400k. But I'm not sure how this changes for quantitative researchers, or for 3 yoe, or what to say for expectations (and tbh I'm not great with negotiations to begin with...). Does anyone have any insight here?
Idk about QR, but $450k to $600k (excluding sign on) would be reasonable for a SWE with 3 yoe, depending on how well you interviewed and what competing offers you have.
Would they budge on the base a bit and ever go above 200k?
^ no, I don't think so. Could be different for devs, but at least not for traders
Just curious, were you a stronger performer at Goog?
550 - 600k
Everyone starts at the same 1st year comp whether SWE, QR. This is around 175-200 base, 100 guaranteed bonus, and 50-100 signing. Maybe +100 base/guaranteed if you have directly relevant YOE. Note, this EXCLUDES the end of year discretionary bonus component. After 1-2 years of proving your worth, your bonus will scale according to your output. It's not like FANG where they have predefined bands or anything. QR gets a % of their PNL, team, and firm PNL. SWE gets a smaller % and has other metrics as well. After 2-3 years of working at the firm, it's common for TC to be 600+. To answer your question, start with 500-600K. That number won't insult them.
:) Thanks a lot for the details! Now for me the purpose of this app is served!😂
This answer gets a few key details wrong, but sadly looks plausible just enough to be misleading. Signing bonus and base are constants these days. Your base will be 200 if you’re a SWE. Negotiation helps your “first year guaranteed EOY bonus” but not the other factors. PNL is allocated firmwide, not per trader or per team, as the latter would create weird incentives (i.e. everybody would want to join the most profitable desk even if that’s not where they’d produce the most value). I personally haven’t seen anyone with a 600+ TC after only being here for 2-3 years out of school. Starting with 3 yoe before you joined, very possible. But not likely with a total 3 yoe. All that being said, the advice at the end is sound. 500-600K is not insulting as an ask if you crushed the interview or has some experience to justify it.
Are you going to QR?
Any update? Did you get an offer?
What numbers did you end up getting?
JS offed OP for posting this question. RIP
RIP. Pour one out for OP
forreal? how do you know about this
I wonder which track of SWE is OP working on? Maybe front end, back end or others?
A million.