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"Wall Street" is such a broad term. Places like Jane Street and their like obviously pay technology employees very well. But they represent an absolutely tiny,
by decafninja 6y ago
"Wall Street" is such a broad term.
Places like Jane Street and their like obviously pay technology employees very well. But they represent an absolutely tiny, tiny, tiny slice of the pie.
The vast majority of SWEs employed in Wall Street work for various firms big and small that you'd be fairly lucky to break 200k-250k TC decades into your career. No, 200k isn't a small income, but odds are you could match that number at any number of middle tier tech companies, earlier in your career, while enjoying a much better work environment and various other perks.
And of course upper-middle to top tier tech companies (culminating in FAANG) can offer multiples of that amount - and again, probably with much better working environments and other perks. Your odds of making it into FAANG or similar caliber tech company are probably much higher than your odds of making it into a Jane Street caliber financial firm.