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I am not sure if I agree with you on wage distributions. Sure, Google and FB pay more and so do top investment banks / hedge funds in math/stat/algo positions
by screye 8y ago
I am not sure if I agree with you on wage distributions.
Sure, Google and FB pay more and so do top investment banks / hedge funds in math/stat/algo positions . However, those simply are not the bulk of fintech employees.
The majority of fintech SDEs at GS,Morgan,etc. are working on software engineering and maintenance work. These roles pay closer to the $100k number than Amazon's quoted $150k. At least for new hires.
- ashelmire 8y agoEven in Philly, fintech is offering 150k for software engineers. New York has gotta be over 200, probably closer to 300.
- candybar 8y agoPretty much this and fintech isn't this one thing that pays well but ranges from highly paid domain experts to generalists working on maintaining legacy systems. most generalists are not usually paid that well by SV big tech standards and the work environment is generally not as great. Amazon is more than competitive enough against the bulk of software engineering roles even at top investment banks and you will see lots of ex-top-IB engineers already working in their NYC office.