Moving between finance firms

Feb 24, 2019 49 Comments

So it’s well known that the best way to bump pay early in your career is to jump between companies. For places like (Two Sigma, Jane Street, DE Shaw, Citadel, Hrt) is it easy to move between them for comp bumps or to move at all. I’m talking for dev/quant dev not pure quant


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TOP 49 Comments
  • Airbnb perryatron
    Why move from software to finance where you will be viewed as a cost instead of revenue, plus there’s much smaller demand for quant than sde
    Feb 24, 2019 11
    • New / Eng anagram.
      Damn what's the starting point at Jane Street?
      Feb 25, 2019
    • Jane Street Capital sybS38
      Between 225k and 250k (salary plus guaranteed first-year bonus).
      Feb 25, 2019
  • Jane Street Capital sybS38
    My experience has been that comp increases appropriately with experience, such that hopping isn't actually beneficial.
    Feb 24, 2019 5
    • Airbnb perryatron
      How does promotion work in finance firms? Does it bump your tc more than 15%?
      Feb 27, 2019
    • Jane Street Capital sybS38
      I think most hedge funds/prop firms are small enough that formal promotions aren't really a thing. Taking on extra responsibility can be worth an extra bump if you handle it well, but I mostly lumped that into the 15%/yr average.
      Feb 27, 2019
  • Jane Street Capital eYnq30ps
    My experience is that in the past < 5 years I’ve never been able to find an opportunity to leave Jane Street without a significant pay cut given my YOE.
    Feb 26, 2019 9
    • Morgan Stanley Imagen
      Do you know someone in support roles on JS? Any idea of possible TC on that area/wlb for that role?
      Feb 27, 2019
    • Two Sigma blinded99
      I have also found this to be the case, if I go to tech I would expect a significant drop in comp. Meanwhile, it seems like at my level I could get a bump if I went to other finance places.
      Feb 27, 2019
  • Amazon paopao
    turned down Google offer for Citadel but Citadel revoked my offer later. Have to stay with Amazon with no life for longer.
    Mar 5, 2019 2
    • Google / R&D

      Google R&D

      Google, WeWork
      Why did cotedal revoke the offer? Can you take the Google offer again?
      Mar 5, 2019
    • New / Eng anagram.
      Heard that Google offer is valid for a year. There's a specific HR team in Google for decliners and Xooglers
      Mar 5, 2019
  • Two Sigma / Eng kyske
    You can still hop, and it's up to you whether to spend a year at a tech company vs. take a year long vacation.

    The job hopping approach doesn't work as well at small companies, since a lot of your value is in building trust and familiarity.
    Feb 24, 2019 5
    • New Kula
      But on H1b one needs to be on a job ? What kind of severance do they pay for these non-competes ? Full one year compensation?
      Feb 24, 2019
    • Google natashala
      Dump question, during non compete vacation, are you get paid by the hedge fund? If so how much?
      Oct 16, 2019
  • Amazon / Eng jNeo42
    First get in to one, then ponder this great question as well as the meaning of life. Life is very much like “The Bachelor“.
    Feb 24, 2019 4
    • Cruise Automation Gus888
      Rather not say to remain anonymous
      Feb 24, 2019
    • Lyft u3vy
      I have an offer as well.
      Jun 6, 2019
  • AQR i7Jv72
    Not that easy to move between firms since for some of them the non compete is quite strict (> 1 year). Unless you’re a superstar, it would be difficult for any of those firms to want to wait for that long for a talent. That’s why those companies also like to hire from big tech co.
    Feb 24, 2019 2
    • Cruise Automation Gus888
      Hm do they enforce non compete for devs?
      Feb 24, 2019
    • Two Sigma / Eng effect
      There was a thread on this recently.. it varies a lot
      Feb 24, 2019
  • Capital One swhshdh
    ^^ how can you be so sure? I know few in faang who haven’t been able to crack the onsites
    Feb 24, 2019 0
  • Amazon / Other XIit65
    You'll be recruited by other firms aggressively, but passing their interviews is a different challenge. They don't make it easy.
    Feb 24, 2019 1
    • Cruise Automation Gus888
      I’m not too worried about passing the interview, but whether or not the opportunities will be there
      Feb 24, 2019
  • Bank of America / IT

    Bank of America IT

    I have 20+ experience in tech and banking
    I want to work remote in tech -- most banks aren't allowing it anymore. Are tech firms reeling back wfh ?
    Feb 27, 2019 0


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