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I want to chime in here because I took a job in this industry (high frequency trading in particular) right out of college. I can't speak for the whole industry
by techclimber 16y ago
I want to chime in here because I took a job in this industry (high frequency trading in particular) right out of college.
I can't speak for the whole industry as I've only worked at one firm, but my experience has been generally positive:
1. The work environment is similar to the software companies I interned with. Nobody wears a suit, the hierarchy is relatively flat, free food/soda/etc.
2. The problems are really interesting. HFT is a competitive game and good (read: fast and reliable) technology is just as important as smart algorithms.
The only downside? It's difficult to leave. I've had coworkers that have been around a while say that people generally don't leave the industry voluntarily.
Why? Money. I'm not trying to be a braggart but I can say with a high degree of certainty that I will never make as much as a developer at a normal software shop as I do now, with the exception of launching or getting in at the very early stages of a successful startup.
Believe me, I get the whole "money isn't everything", "adding real social value is more rewarding" mindset, I do. The reality is though that it isn't easy to halve your salary based on a philosophical argument, however persuasive, especially when you're still working on cool problems.
- loganfrederick 16y agoI'm currently an undergrad making a custom major at my university in Computational Finance. Could I get in touch with you via HN to ask about your experience in the industry? Thanks.
- techclimber 16y agoSure.
- loganfrederick 16y agoAh, typo in parent comment. I meant "via email". If you read this comment, I'd greatly appreciate an email at loganfrederick@gmail.com so you don't have to post your email publicly. Thanks again!