For those of you who have gone from tech to a top hedge fund: Two Sigma, DE Shaw, Citadel, etc. Is it worth it for higher pay? I’m unfulfilled at G. Been getting EE at L5, but haven’t been promoted in years with no path in sight. I don’t find the work I’m doing all that interesting despite having switched teams several times over the years. On the plus side, the job is easy and I’m pretty sure I can stay remote forever and live anywhere since my manager is flexible. I’m thinking I should focus on maximizing my earning potential for a few years to save up a pile of cash for financial independence.
What’s your objective and your goals in life? Is it money then sure go for it. If it’s work life balance while doing side hustles then maybe stay at current place
Pretty good advice here, don’t undervalue the ability to work part time on other more interesting projects
It seems like you want money. Go for it
Yes. Too many coworkers goofing off at FANG. They're just there to do the absolute minimum possible while maximizing TC. Whereas people at hedge funds also maximize TC but actually care about solving challenging intellectual problems. Former Google research scientist. I do QR now.
Can I DM you about your transition from G to a QR?
Hey can I DM?
Honestly seems like you're living a really good life rn so guess it depends on how much more money matters to you?
I go back and forth what to do. On one hand with more TC I could build a dream house and be debt free. On the other hand, my job has no stress. However, I’m so bored and looking for other things to do.
What’s your work like that you are so bored even after changing teams ? Is it mundane infra work ?
Start a company, get into real estate, get a hobby, work out, if those things aren't already in play. Otherwise, pick a city and go for it.
Depends what you are looking to do. I’ve worked with Citadel and their developers in the past, the hours are pretty intense and if there is a problem you are expected to jump on at any moment and you can be axed at any time for any mistake. It’s the culture there, although it’s been years so not positive if things have changed at all but my guess is still very intense
Nothing changed
Depends on the team, but mostly still seems accurate.
You guys keep talking about hedge funds paying more, but is it really the case considering appreciation of FAANG stocks ? Can someone post some numbers of how much of a tc bump would you get by moving from FAANG to hedge funds and knowing that hedge funds don't give stocks, does it still make sense ?
^^^ with big tech stocks growing at a fast clip, I’m also curious if comp @ Citadel and the like is that much more
I don’t think a 20% bump is worth it, but doubling your comp might make it worthwhile. Amazon, Facebook, Apple and even Microsoft stock have done very well over the past few years, but Google hasn’t appreciated to the same degree.
Why not consider all the unicorns?
Go for it and try something new!
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Would you mind posting your offer and how many YOE you had when you joined?
What about small shops (3-5 people) with 100M AUM? Are they usually successful?