Re:Jane Street is big. Like, big
by jfrbfbreudh on Thursday May 02, 2024 @08:26AM
(#40235368)
I work at a competing firm and our SWE new grads make $420-470k (including signing bonus).
JS pays their new grads similarly, just a tiny bit lower.
Re:Jane Street is big. Like, big
by notagoodidea on Thursday May 02, 2024 @09:04AM
(#40235731)
I guess, I live in the wrong country and wrong profession if I want to make that much of money. This is an stupidly gigantic amount of money. I know that I will not make this much gross any year of my life, actually this is around 7-8 years of my gross annual salary.. I know US vs UE etc. Still this is crazy. Not sure how UE salary in the same field/category compares.
This isn't much US vs Europe, as industry sector. You can probably make comparable amounts of money in the same sectors in London, Amsterdam or Paris.
Fortunately for you money doesn't buy happiness and life has the same end point no matter how rich you are ::)
Hire me and ill be your slave
> SWE will probably make between 250-500k.
New grad SWE is 400K
https://www.levels.fyi/companies/jane-street/salaries/softwa...
And levels.fyi not very accurate because 2nd year bonus is much larger than 1st year bonus in offer letter.
Quants/traders can hit $1M with 5 YOE not too difficult. Portfolio managers (similar to EM in tech) definitely $1M, sometimes $10M.
Re:Jane Street is big. Like, big
by subsubzero on Thursday May 02, 2024 @11:49AM
(#40237597)
That is quite good and comparable to IB(investment banker) salaries. Meaning a few years ago $200k by 22, and incrementing $100k a year with $1M by age 30, and $10M by age 40 or so. The starting salaries out of college are now about $350k. My question is I wonder if the upward salary trajectory is similar to that IB track, this is assuming the employee has a somewhat upward career trajectory; does Jane street cap out folks at a certain level?
Re:Jane Street is big. Like, big
by SkipperCat on Thursday May 02, 2024 @01:55PM
(#40239250)
From my experience, the best way to get a pay increase is to code software for things closer to the trading system. Write code that makes a trading app faster and increases PnL, you'll make more money via bonuses. If you're writing back office code doing data loading, trade reconciliation or other "housekeeping" stuff, you'll not see the same comp.
Because of this, getting a SWE role that is assigned to a trading team is highly desired.
SWE who have deep subject matter experience are super valuable to these firms. Folks who understand how to write low latency code, FPGA work and other stuff like that. But the real money is in figuring how "how and what" to trade. Once that's done, the SWEs can bang out the code.