4 ms·

Any chance you can share more info? I'm very curious. It's certainly true that almost all finance software jobs pay much less than the big tech companies, and

by ceras 10y ago

Any chance you can share more info? I'm very curious. It's certainly true that almost all finance software jobs pay much less than the big tech companies, and I've yet to personally run into one that clearly paid more (at best, similar or slightly more for some but not all algo trading). So I never exactly know what these comments mean. Which are the big payers -- just algo trading? -- and does everyone get paid that much or just the high performers, or even just the high performers at the high performing firms? How does high performer compensation compare to high performer compensation at tech companies (who start at, say, $400K-$500k for what I'll call "entry-level high performer")?

user5994461 10y ago
#London SV and Wall Street in the same place = an interesting playing field. --- I wouldn't say it's fair to compare ALL finance jobs to a few big tech companies. If you're doing over $500k somewhere in the USA, you should stay there. There are very few places on the planet that offers that for engineers. (and they're probably all big companies).
- morgante 10y ago
  Can you throw out some numbers? I almost never hear of London developers making >$200k.
  - user5994461 10y ago
    I'd rather not talk numbers sorry. Let's just say that if you want easy money in London, you should get into consulting. It's also very tax friendly. (200k = 1000 daily rate, don't expect that for most people). > I almost never hear of London developers making >$200k. Yeah. £150k is extremely rare (pre-brexit exchange rate) I dunno know about the costs of living in SF but it is my understanding that at $100k you can barely afford a one bedroom. At £100k in London, you're doing incredibly well.
    - morgante 10y ago
      Yea, if you're not going to give any numbers I'm calling bullshit on the notion that finance pays better than big tech. From my experience in NYC tech, finance developers (not quants) make less than big tech by far. With $100k you can easily afford a one bedroom. Don't listen to all the griping on Hacker News—it's an exaggeration. Yes, prices are exorbitant but you're still doing incredibly well. It's not like London is especially cheap. $100k in SF is $70k in London. [0] [0] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=San+Francisco%2C+CA&country2=United+Kingdom&city2=London&amount=100%2C000&displayCurrency=USD https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
      - user5994461 10y ago
        I am genuinely confused by London salary in dollars. That makes absolutely no sense. $100k in SF = $70k in London = £55k in London - is that what you're saying? In that case, we both agree, the costs of living are a lot cheaper (so are the salaries). Google top salary is 85k base for senior developers, which is shit (numbers from the guys I know, some of which are openly mocking Google and advising people to never go there because of the pay). Not sure about the other big 4 (Facebook/Microsoft/AMZ), not much more allegedly. Quants make a shitload more than developers. The standard in finance institutions is £130k base + variable bonus. (Well, now that I think about it, the difference might be the industry, not the role :D) As for what the top developers make in the top few financials institutions. I need to get a few guys drunk to get accurate numbers. But I already know that it is definitely higher than at Google. What's your numbers for top performers in NY and SF? In London, there is no money in the usual valley companies. That's just how it is.
        morgante 10y ago
        > $100k in SF = $70k in London = £55k in London - is that what you're saying? Yes. You're right that European developers (even at the big 4) make far less. My comparison was more with SF/NYC salaries, where big 4 developers will easily break $200k and reach $250k without excessive effort.

by ceras 10y ago

user5994461 10y ago

#London SV and Wall Street in the same place = an interesting playing field. --- I wouldn't say it's fair to compare ALL finance jobs to a few big tech companies. If you're doing over $500k somewhere in the USA, you should stay there. There are very few places on the planet that offers that for engineers. (and they're probably all big companies).

morgante 10y ago
Can you throw out some numbers? I almost never hear of London developers making >$200k.
- user5994461 10y ago
  I'd rather not talk numbers sorry. Let's just say that if you want easy money in London, you should get into consulting. It's also very tax friendly. (200k = 1000 daily rate, don't expect that for most people). > I almost never hear of London developers making >$200k. Yeah. £150k is extremely rare (pre-brexit exchange rate) I dunno know about the costs of living in SF but it is my understanding that at $100k you can barely afford a one bedroom. At £100k in London, you're doing incredibly well.
  - morgante 10y ago
    Yea, if you're not going to give any numbers I'm calling bullshit on the notion that finance pays better than big tech. From my experience in NYC tech, finance developers (not quants) make less than big tech by far. With $100k you can easily afford a one bedroom. Don't listen to all the griping on Hacker News—it's an exaggeration. Yes, prices are exorbitant but you're still doing incredibly well. It's not like London is especially cheap. $100k in SF is $70k in London. [0] [0] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=San+Francisco%2C+CA&country2=United+Kingdom&city2=London&amount=100%2C000&displayCurrency=USD https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
    - user5994461 10y ago
      I am genuinely confused by London salary in dollars. That makes absolutely no sense. $100k in SF = $70k in London = £55k in London - is that what you're saying? In that case, we both agree, the costs of living are a lot cheaper (so are the salaries). Google top salary is 85k base for senior developers, which is shit (numbers from the guys I know, some of which are openly mocking Google and advising people to never go there because of the pay). Not sure about the other big 4 (Facebook/Microsoft/AMZ), not much more allegedly. Quants make a shitload more than developers. The standard in finance institutions is £130k base + variable bonus. (Well, now that I think about it, the difference might be the industry, not the role :D) As for what the top developers make in the top few financials institutions. I need to get a few guys drunk to get accurate numbers. But I already know that it is definitely higher than at Google. What's your numbers for top performers in NY and SF? In London, there is no money in the usual valley companies. That's just how it is.
      - morgante 10y ago
        > $100k in SF = $70k in London = £55k in London - is that what you're saying? Yes. You're right that European developers (even at the big 4) make far less. My comparison was more with SF/NYC salaries, where big 4 developers will easily break $200k and reach $250k without excessive effort.