Jump Trading UK

SAP / Eng qddbms
Nov 28, 2019 24 Comments

Hey folks,

I received an offer from Jump Trading for the core development team recently.

It has not been overly good from my perspective compared to what I have at SAP or other options that might materialize quite soon.

Base 95k GBP, 10k first year guaranteed bonus for Bristol, not London.

It has three more disadvantages:

1. There is no other trading firm in Bristol.
2. There is no quant/trading related work in Bristol, which is one of my key motivations in the mid-term.
3. There is an up to two years non-compete.

I've been told (mainly by the recruiter) that the salary increase is significant, so 120k base after three years being fully realistic and a bonus of 30% and more per year being more or less the norm, even for UK and core dev.

Can someone knowing the company resp. the industry comment on what is to be expected and whether it is worth taking this offer to get in to the industry?

Thx.

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TOP 24 Comments
  • Credit Karma eutosb
    Those numbers look really low for a US based position at Jump.
    Nov 28, 2019 4
    • SAP / Eng qddbms
      OP
      I see it also being a door opener, for sure. What do you think it will help with? Just getting an interview?
      Nov 28, 2019
    • Credit Karma eutosb
      In 99% of interviews out there, people do a weighting assessment based on background + interview performance. With Jump Trading on the resume you’ll get the benefit of the doubt if it’s a marginal decision. Also it certainly will get you more interviews.
      Nov 28, 2019
  • Morgan Stanley IXKG15
    This is too low. My friend got 150k+ 30k sign on for London tho. How was your interview experience?
    Nov 28, 2019 4
    • Virtu Financial Dynamikey
      How many years of experience was this?
      Nov 29, 2019
    • SAP / Eng qddbms
      OP
      6 yoe and a PhD.
      Nov 29, 2019
  • Bloomberg YHTp12
    YOE?
    Nov 28, 2019 4
    • SAP / Eng qddbms
      OP
      Good enough to recommend it? I'd need to relocate likely to London with my family if I'd ever need to change jobs again. Then there is the thing with being on the core dev team.
      Nov 28, 2019
    • Bloomberg YHTp12
      depends, dm
      Nov 28, 2019
  • Tableau / Eng TacW56
    Bristol is a fantastic city and just a 1.5hr train ride to London. > 95K in Bristol goes a LONG way.
    Nov 29, 2019 2
    • SAP / Eng qddbms
      OP
      Sure, the city seems nice. What about the concrete questions I asked? Did you work in the industry?
      Nov 30, 2019
    • Tableau / Eng TacW56
      I have worked in the financial/ insurance sector in Bristol. It’s a great place to live. It’s absolutely not London, but your career won’t take a hit from working there, and you can also relo to London sometime in the future if you wish. It depends what you want — London is exciting and a great place to be single with no dependents, but it’s crazy-expensive. Perhaps you could enumerate your priorities? You’re welcome to dm me if you prefer.
      Nov 30, 2019
  • Indeed / Eng rainwater
    Go to Jump the name and experience is worth it
    Dec 27, 2019 1
    • SAP / Eng qddbms
      OP
      Thanks. I guess I feel the same if I'm honest.
      Dec 28, 2019
  • Two Sigma later🐊
    Jump is pretty legit but heard WLB is bad in the states. Idk about Bristol but at least in London US quant firms pay equivalent to US comp.
    Dec 9, 2019 2
    • SAP / Eng qddbms
      OP
      Thanks for the comment. For all I know the bonus expectation is one of the strata 10, 20 or 30+% on the base. 10 being essentially equivalent to pip, 20 if you're doing fine and 30% or more for exceeding expectations. Not sure how much more is realistic consistently. With just 30% it is less than what some small companies offer here in Germany.
      Dec 9, 2019
    • SAP / Eng qddbms
      OP
      I have two alternatives now I think:

      1. Go back to the Jump offer and accept it.
      2. Accept an offer of a small company in Germany (no relocation required) running a sort-of price comparison website being an architect there and try to get into the industry from there while making more than what Jump put on the table. In 2-3 years the latest I want to have joined finance/prop trading/hedge funds.
      Dec 10, 2019
  • SAP / Eng qddbms
    OP
    Would be great to a few more opinions from the industry or the company.
    Dec 9, 2019 0

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