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If you're already 15 years deep into your career then I would say to suck the quant industry dry of all the money you possibly can with your expertise before yo
by askafriend 9y ago
If you're already 15 years deep into your career then I would say to suck the quant industry dry of all the money you possibly can with your expertise before you switch to something else that you'd enjoy. $1mm+ is no joke and a very very rare opportunity.
Don't be a sucker. If you must, take option #2 - get that $1mm, and then exit.
This isn't the most wholesome suggestion I've given, but given the harsh realities of the world and capitalism at large, you must protect yourself with money.
Form an exit plan, set aside a large cash reserve so that you technically never have to work a day in your life ever again, and then chase your passions and explore all the other things the world has to offer.
- algoguy 9y agoThanks for your advice, I appreciate your input. It sounds reasonable, and that's sort of where my mind has been at for a few years. I'm getting to the point where I struggle to see myself doing it anymore, but I am not indeed in a situation where I have enough money aside (the high compensation I have is only in the last couple of years). But maybe you're right, maybe I should suck it up and try to be thankful for the opportunity to make money, in spite of how much I hate that job.
- consz 9y agoAs someone in this industry, I agree with this post 100%. There is absolutely no moral qualms about doing this -- take as much compensation as the industry can possibly bear and get out afterwards.
- zapperdapper 9y agoYep, option 2 sounds like the best bet.