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Yeah its really not that high. I was reading the Ian Goodfellow, creator of GANs, was only making 800k at google. Which is honestly, really low for someone who
by codingslave 7y ago
Yeah its really not that high. I was reading the Ian Goodfellow, creator of GANs, was only making 800k at google. Which is honestly, really low for someone who has done ground breaking research in neural networks.
- pertsix 7y agoHe’s not the only person making ground breaking research in neural networks. You can walk into NIPS and find a handful of other researchers that perform at or better in this space.
- mruts 7y agoYeah that’s pretty insulting, honestly. Black or Sholes were making >10m as thought leaders in banks. It’s surprising to me that finance is so passe as a career despite the fact, as Matt Levine said, “they are run as employee run co-ops.” In otherwords, big big money. Entry level analysts at my old firm were making over 250k total comp.
- ben_w 7y agoDidn’t Black & Sholes win a Nobel Prize? I don’t think it’s fair to compare their pay to that of “mere” experts, even in the same field.
- adambyrtek 7y agoScholes & Merton also joined a hedge fund that traded based on their models and cased a financial crash after the Russian bond default in 1998 which their models didn't take into account. Great example of a black swan event. https://en.wikipedia.org/wiki/Long-Term_Capital_Management https://en.wikipedia.org/wiki/Long-Term_Capital_Management
- HenryKissinger 7y agoIt's only a black swan event if you pay no attention to geopolitics, which unfortunately banking types don't, at least not beyond WSJ/FT headlines.
- mruts 7y agoA more accurate statement would be that most fund managers care about geopolitics too much, and quants too little.
- codingslave 7y agoPeople in tech generally have no clue of how much money gets made in finance
- sdenton4 7y agoJust put your hand in the giant rushing river of money and see what sticks...
- mruts 7y agoThe oyster farmer eats more oysters than everyone else. The money farmer eats more money than anyone else.
- megaremote 7y ago> People in tech generally have no clue of how much money gets made in finance People in everything have no clue. Nothing to do with tech people being ignorant.
- throwaway713 7y agoWow, that's it? I mean that's a lot (objectively compared to most people's compensation), but I think my skip manager makes that much...
- CinchWrench 7y ago*Cries in fortune 500 wage slave
- org3432 7y agoThat's the difference between working for a company vs. starting a company, the lower risk of being an employee comes at a high price unfortunately.