Two Sigma bonus deferment

New TSTC
Mar 3, 2019 35 Comments

Recruiter said 20% of bonus deferred into internal fund. Is that normal for finance/hedge fund? Not a lot of info from recruiter about it so how does that work, does it have to vest or only the gains vest? Can you see its balance and performance like you can a regular online brokerage? Can you lose it if go to other finance company with non compete?

TC - 260

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TOP 35 Comments
  • Two Sigma pci bus
    Every year, 20% of you annual bonus will go to this deferred program(eg you get 100k bonus, then 20k will go to this program) If you stay in this company over four years, then you will get 20k with gain. (Assuming every year you have 15% gain, you get 20K*1.15^4). However, if you leave early, after one year of your departure, you will get 20k without any gain. The bonus is already yours, but the gain is NOT.
    Mar 3, 2019 11
    • Two Sigma zxcasdq
      If your bonus is $100k you will get $20k invested.
      Mar 14, 2019
    • New TSTC
      OP
      That’s even better then!
      Mar 15, 2019
  • Google
    tsukino

    Google

    BIO
    w
    tsukinomore
    Can you deposit more into the fund by discretion? e.g. if you wanted to invest $50k/year into 2σ
    Mar 3, 2019 5
    • Two Sigma / Eng effect
      I've never heard of profit sharing at TS.
      Mar 3, 2019
    • Two Sigma pci bus
      It’s not in TS. I said “in general, I heard from other companies “
      Mar 3, 2019
  • Two Sigma pci bus
    This is almost surely better than other RSU or similar program.
    Mar 3, 2019 3
    • Two Sigma pci bus
      Same range. Top Hedge funds are like Google/FB and “can” spend as much as they want. The question is whether they want or not.
      Mar 3, 2019
    • Google L7@AWS
      How is backend/infra SWE at TS compared to G/FB?
      Mar 3, 2019
  • New F***G
    My understanding is that the money is yours, the interest is what vests
    Mar 3, 2019 0
  • Two Sigma pci bus
    Like google except team specific oncalls
    Mar 3, 2019 4
    • Facebook FGL
      Do infra teams have bad oncall load at 2s?
      Mar 3, 2019
    • Two Sigma PKsf6
      I guess so. Infra teams are same anywhere
      Mar 8, 2019
  • Two Sigma pci bus
    This is not norm in finance.
    Mar 3, 2019 2
    • New TSTC
      OP
      Not norm as in better because can share in the gain? Or worse because don’t get full bonus at time of disbursement?
      Mar 3, 2019
    • Two Sigma pci bus
      Deferred bonus is not common practice in finance. It’s good for employees
      Mar 3, 2019
  • New TSTC
    OP
    How is WLB? On the level of Google like others have said on blind?
    Mar 3, 2019 1
    • Two Sigma PKsf6
      My friends moved from G to TS say G is better, but TS is very very good. I wonder how it can be better.
      Mar 8, 2019
    • Two Sigma pci bus
      Message me for details
      Mar 3, 2019

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