4 ms·

I've had several big name tech internships, and I got an internship offer from a bank to do tech work. The bank offered around 2/3rd the comp with significantly

by kctess5 10y ago

I've had several big name tech internships, and I got an internship offer from a bank to do tech work. The bank offered around 2/3rd the comp with significantly worse benefits, which surprised me considering that a) they were in NYC b) they were a big name and c) they approached me, not the other way around. Not sure if they pay the trader type interns more...

vostok 10y ago
It's pretty well known that top tech companies pay more than top banks. SWE interns at top tech companies will make more than trading interns at top banks and entry-level SWEs at top tech companies will make more than entry-level traders at top banks.
- gragas 10y ago
  .
  - vostok 10y ago
    Is your top trading firm a bank? If not, I am confused which part of my comment is "not true at all". Also, $120k pro-rated is about right for what top tech companies are paying so it sounds like you just happened to not get those offers.
    - gragas 10y ago
      You're right. I argued against something totally unrelated to what you said. The places I'm talking about are not banks.
    - gragas 10y ago
      Is there any way that I can privately chat with you? I will soon have to decide whether to get into HFT or traditional SWE work. I have a good idea of what a traditional SWE career path entails, but HFT is quite obfuscated (from my position).
      - vostok 10y ago
        Can you respond to this message with an email address or put one in your profile? Feel free to use a temporary email address, but I won't say anything controversial anyway as I'm not interested in losing my job.
        gragas 10y ago
        abstractanon@sigaint.org (temporary)
        vostok 10y ago
        Sent you an email. I'm not going to reveal anything proprietary, but happy to answer any general questions.
akhilcacharya 10y ago
Which one was that? IIRC Goldman pays the same or more for Tech than for others, but I'm not sure.
- vostok 10y ago
  I believe most banks pay tech interns the same as trading interns. I've heard that Capital One pays tech interns the most out of the big banks, but I have no personal experience with that one.
- kctess5 10y ago
  It was GS
  - akhilcacharya 10y ago
    For Junior interns salary is very competitive with even Big4. Total compensation lags because of no housing, though.

by kctess5 10y ago

vostok 10y ago

It's pretty well known that top tech companies pay more than top banks. SWE interns at top tech companies will make more than trading interns at top banks and entry-level SWEs at top tech companies will make more than entry-level traders at top banks.

gragas 10y ago
.
- vostok 10y ago
  Is your top trading firm a bank? If not, I am confused which part of my comment is "not true at all". Also, $120k pro-rated is about right for what top tech companies are paying so it sounds like you just happened to not get those offers.
  - gragas 10y ago
    You're right. I argued against something totally unrelated to what you said. The places I'm talking about are not banks.
  - gragas 10y ago
    Is there any way that I can privately chat with you? I will soon have to decide whether to get into HFT or traditional SWE work. I have a good idea of what a traditional SWE career path entails, but HFT is quite obfuscated (from my position).
    - vostok 10y ago
      Can you respond to this message with an email address or put one in your profile? Feel free to use a temporary email address, but I won't say anything controversial anyway as I'm not interested in losing my job.
      - gragas 10y ago
        abstractanon@sigaint.org (temporary)
        vostok 10y ago
        Sent you an email. I'm not going to reveal anything proprietary, but happy to answer any general questions.

akhilcacharya 10y ago

Which one was that? IIRC Goldman pays the same or more for Tech than for others, but I'm not sure.

vostok 10y ago
I believe most banks pay tech interns the same as trading interns. I've heard that Capital One pays tech interns the most out of the big banks, but I have no personal experience with that one.
kctess5 10y ago
It was GS
- akhilcacharya 10y ago
  For Junior interns salary is very competitive with even Big4. Total compensation lags because of no housing, though.