Financial Statement Analysis with Large Language Models

Re:Financial Statement Analysis with Large Language Models by chronic7202h on Friday May 24, 2024 @06:52PM (#40471188)

> Id say the industry average for somebody moving to a new firm and trying to replicate what they did at their old firm is about 5%.

Because 95% of experienced candidates in trading were fired or are trying to scam their next employer.

“Oh, yeah, my <insert HFT pipeline or statarb model> can do sharpe <random int 1 to 10> for <random int 10 to 100> million pnl per year. Trust me bro”. Fucking annoying

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Re:Financial Statement Analysis with Large Language Models by flourpower471 on Friday May 24, 2024 @07:13PM (#40471308)

Obviously not true. The deals for most of these set ups are team founders/pms are paid mostly by profit share. So the only scam is scamming yourself into a low salary position for a couple years till they fire you.

Orders of magnitude more leave their jobs of their choosing than are fired.

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Re:Financial Statement Analysis with Large Language Models by chronic94057 on Saturday May 25, 2024 @12:33AM (#40472689)

> The deals for most of these set ups are team founders/pms are paid mostly by profit share.

These PMs are not the ones job hopping every year.

And 95% of interview candidates are not PMs.

> So the only scam is scamming yourself into a low salary position for a couple years till they fire you.

200k-300k USD salary is not low.

And 1 year garden leave / non compete? That’s literally 0.5M over 2 years for doing jack shit.

This is very appealing for tech SWEs or MBA product managers who are all talk and no walk.

But even with profit share / pnl cut, many firms pay you a salary, even before you turn a profit. It eventually gets deducted when you turn a profit.

> Orders of magnitude more leave their jobs of their choosing than are fired.

Hedge fund, maybe. Prop trading, no.

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