SWE/ML got accepted to multiple hedge funds. How is the compensation structured?
Feb 10, 2020
8 Comments
Hi fellow blinders. Recently got accepted into multiple hedge funds (in NY,SF,Chicago). As this is my first time considering SWE positions outside of tech, I do not have that much knowledge about the structure of the compensation in such finance companies.
Will be speaking with the actual teams about this, but would like to prepare beforehand.
Basically in tech the comp usually consists of joining bonus, relocation bonus, base, stock, bonus at the end of the year. You also have yearly stock refreshes and at least 5% raise each year.
What is the structure for fintech? Can anyone share some details?
comments
Bonus target depends on your level and firm performance but 100+% is quite common.
Did you have prior ML/Stats experience ?
From my observation, they usually don't interview SWEs even at top tech companies for quant roles and prefer PhDs.