Suspiciously high pay at Hudson River Trading (HRT)
Saw four data points on levels - $2.7M, $2.2M, $2.5M, $1.1M, all with 2-3 YoE. Yes, I know new grad Algo Devs (QR) can make north of $600k including sign-on, but these figures are ridiculous for 2-3 YoE. @HRT employees, is there any way one can make this much at 2-3 YoE, or are they (as expected) troll data points? #hudsonrivertrading #hrt
The structure of pay is reasonable but the amounts seems a bit suspicious. However if we assume that at HRT software developers get the same % of PnL as traders in other prop firms this could be real. Basically the real question is how close are these roles to the revenues? If they are very close then it’s reasonable
Algorithm Developer = quant
I think there are very few people that could answer this and probably none of them are on blind. Seems sus to me but idk
Someone is pumping the numbers with very similar data. They suspiciously appear around the same time. Some get removed, and then that person adds the same exact numbers back.
Ya it’s fake Their bonus are 100% of base or so not 1000% lol
This is definitely not true. It's not even true at Two Sigma. Base is much more limited than bonus
Completely untrue
Seems fake to me
Could be true for someone with a PhD
I know at least 10 guys with 1-5 YoE working at various trading firms in Chicago & NYC and I can confirm this is fake Traders usually make the top $ at trading firms but matter how good of a trader they are, the bonus is usually 20-200% of the base for YoE <5. Keep in mind they’re also trained to develop algorithms, so part developer. Most of these folks have a quant/math heavy background OP’s post states these are core SW guys and there’s no way they’d be compensated in that range
I think 2M is quite far off, but 20-100% for YoE <5 sounds quite off to me? Most people I know with 3-5 YoE(In jump, JS, HRT) is at 100-400% ? (Its actually quite common to get 100% in 1-2 years in these firms). I am really very surprise that the people you know are making that little. I barely know anyone in HRT, Jump or JS not making >100% in their third year. I think you also misread the post. It says Software Engineer, but algo developer, which is the quant/quant dev position in HRT.
It may not be fake, but typo.. they had typed one extra 0 😱
I am retiring after working for a couple of years if i had this comp XD
People retire at 30 there
That's so fascinating to me TBH. I have a few friends who won IPO lottery / crypto millionaires and they're still working. Obviously subjective, but I feel like 30 is too early to retire. 35 is still too early, but at least reasonable because you may have kids.