Re:Coders who trade: Wall Street designs its staff for the f...
by throwawayhypsm on Friday November 17, 2017 @10:29PM
(#15727618)
It may be close for the first year or so due to the signing bonus, but 3-4 years in if you're performing at the expected level at a trading firm you should be making double the 200-250k number, and I doubt the tech firms match that kind of compensation (at least for most people).
Another factor you may wanna consider is the opportunity cost -- how hard would it be for you to work at GOOG/FB if the trading firm job doesn't work out? And vice versa?
Re:Coders who trade: Wall Street designs its staff for the f...
by wbl on Friday November 17, 2017 @10:21PM
(#15727602)
Face the market you work market hours. Tech doesn't have that limit. Both are cyclic, but FB is probably here to stay. Finance can be very dynamic: think LTCM.
Re:Coders who trade: Wall Street designs its staff for the f...
by throrwawayquant on Friday November 17, 2017 @10:38PM
(#15727637)
At least two of the financial firms on OP's list are known for working you more than market hours, the average is well into the 60+ hours per week.
Re:Coders who trade: Wall Street designs its staff for the f...
by throwawaygrad93 on Friday November 17, 2017 @11:38PM
(#15727779)
Which ones?
Re:Coders who trade: Wall Street designs its staff for the f...
by throwaway_hft on Saturday November 18, 2017 @11:46AM
(#15729674)
A friend works at Virtu and 60 hour weeks are the norm if not more. They're very aggressive wrt managing headcount. Pay is great in absolute terms but pretty low as a % of revenue.
Doesn't mean it's a bad place to work. I have a ton of respect for the business they've built. Their discipline on costs is saving their asses in historically slow market conditions while many competitors are merging or shutting down.
The offers are about the same at about 200-250k depending on bonus and stock performance -- the big tech company upped their stock grant to meet the expected bonus at the trading company. It's not obvious to me which one will be more in a few years, and it seems like hours in tech are better. Can anyone weigh in?