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Re:The $440M software error at Knight Capital (2019) by smcl on Tuesday May 03, 2022 @04:23AM (#31245970)
>> Then when we get to talking numbers they're like "300k a year".

> Yeah, pay at the big banks is shit really

I would say that a $300,000/year salary is really quite far from "shit". Many jobs are stressful, demanding or unrewarding but rarely do they provide such a salary, and quite often they offer hourly wages hovering around minimum wage with poor benefits. It's worth taking a step back once in a while to think about this, because it sounds like some people are a little out of touch with how the majority of the world lives

Re:The $440M software error at Knight Capital (2019) by kevstev on Tuesday May 03, 2022 @04:50PM (#31253397)
I would agree, but I really don't think many people are making that kind of money at IBs. Things may have changed, but as I mentioned, a neighbor who is pretty much in my seat- well technically one level up as a director (though title inflation has just made pretty much all titles below MD worthless), and was not pulling 300k. The new guys on the desk were not clearing 100k, and even "senior" guys like me were making a wage that just barely put us in the ownership class, and we were sacrificing a good chunk of our lives for it.

And again- these are the cream of the crop, this is the team most people wanted to work. I was one of the first to leave, but all those guys are now making multiples elsewhere that I am aware of. The point is that there are just better opportunities out there where you get to actually enjoy your life. I hear you on other jobs being stressful and demanding, but I have not really worked at a job where I was wearing that stress 24/7- well typically nothing traded on Saturday night, so nothing would ruin that, but outside of that, I could expect a call at literally any time of day- the markets were trading 23x6.

Re:The $440M software error at Knight Capital (2019) by charcoalhobo on Tuesday May 03, 2022 @09:40AM (#31248173)
This is a welcome bit of perspective, so thank you for that.

I often find myself complaining about things at work like competing priorities or wearing too many hats and it helps me to ground myself by thinking about past jobs at minimum wage or even watching what people making less than a fifth of my salary have to put up with on a daily basis.

Re:The $440M software error at Knight Capital (2019) by sjtindell on Tuesday May 03, 2022 @10:50AM (#31249074)
I believe that technology and other workers who are paid these salaries are actually just the only workers lucky enough to be getting a fraction of what is their fair share. You shouldn’t let a CEO walk with 300x their workers wage and say “well at least I’m not in poverty like those other workers”. You should almost always fight for more.