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People who work at a hedge fund in London/NY, how easy is it for a Dev to make 1m plus every year in TC and how stressful is the job? I have good knowledge of financial markets (if it matters)
Why would an organization pay you $1million plus? Just think, if you own that hedge fund, would you? Unless somebody makes $25m for your business, you are not going to pay $1m to that person. Everyone has good knowledge of financial markets, doesn’t help that much.
Hedge funds pay well but $1M is not going to happen for a SWE or infrastructure engineer. Only the quant guys might make that kind of money, but that is mostly commission.
What are the chances of a SWE becoming a quant?
SWE to quant? Lol. Close to 0% unless you have a phd. But firms like citadel has many ppl transitioning from swe to quant (check linkedin). Though i heard from my citadel friend that quant role for swes are usually not alpha research (the sexy one that actually researches money making signals), but rather something back office-ish like risk quant or portfolio mgmt quant etc that actually still does dev-like work (there are many diff kinds of “quant”). But even those types still make a lot of $$$ though. I heard around 400-500k with 5 yoe
I think the days are gone when hedge funds were paying more than regular tech companies, for swe.
We generally don't pay 1 million to IC devs. A good rule of thumb is to expect roughly the same pay as Google/Facebook. The highest rungs of IC might make that much, but I'm not even sure if anyone has reached those.
Do quant devs make more than regular swe?
Yes
Let's go with me :)
Stay we need you buddy
Pay is comparable to FANG
1MM+ as a regular SWE? Not gonna happen