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I'm a senior at an HYPSM school, currently looking at offers from one of {Google, FB} and one of {Jane Street, Old Mission, Five Rings, HRT, Virtu}. The offers
by throwawaygrad93 9y ago
I'm a senior at an HYPSM school, currently looking at offers from one of {Google, FB} and one of {Jane Street, Old Mission, Five Rings, HRT, Virtu}.
The offers are about the same at about 200-250k depending on bonus and stock performance -- the big tech company upped their stock grant to meet the expected bonus at the trading company. It's not obvious to me which one will be more in a few years, and it seems like hours in tech are better. Can anyone weigh in?
- wbl 9y agoFace the market you work market hours. Tech doesn't have that limit. Both are cyclic, but FB is probably here to stay. Finance can be very dynamic: think LTCM.
- throrwawayquant 9y agoAt least two of the financial firms on OP's list are known for working you more than market hours, the average is well into the 60+ hours per week.
- throwawaygrad93 9y agoWhich ones?
- throwaway_hft 9y agoA friend works at Virtu and 60 hour weeks are the norm if not more. They're very aggressive wrt managing headcount. Pay is great in absolute terms but pretty low as a % of revenue. Doesn't mean it's a bad place to work. I have a ton of respect for the business they've built. Their discipline on costs is saving their asses in historically slow market conditions while many competitors are merging or shutting down.
- throwawayhypsm 9y agoIt may be close for the first year or so due to the signing bonus, but 3-4 years in if you're performing at the expected level at a trading firm you should be making double the 200-250k number, and I doubt the tech firms match that kind of compensation (at least for most people). Another factor you may wanna consider is the opportunity cost -- how hard would it be for you to work at GOOG/FB if the trading firm job doesn't work out? And vice versa?