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I cannot confirm this. ~300k is pay (excluding sign-on) fresh out of college at a big HFT -- sufficiently senior devs make 7 figures.

by isogon 4y ago

hatesinterviews 4y ago
At our firm, the numbers are similar: $600k TC for new grads ($200k base, $100k minimum first year bonus, $300k signing bonus)
- 22SAS 4y ago
  WTF! I am at an HFT firm in Chicago, this is insane. This seems to be a lot like an offer from Radix, or Headland, or maybe Algo Dev at HRT.
  - isogon 4y ago
    There is certainly much variance between the firms, especially the sign-on IME. People I know have turned down HRT core dev for big tech because their offers were unimpressive. I think an interesting target for comparison with big tech is Jane Street, since their culture and WLB are good, so the main QoL drawbacks of finance don't apply. A new grad will get ~300k at Jane Street, though probably not with this large a sign-on.
    - 22SAS 4y ago
      This is interesting, didn't know this about HRT Core Dev where offers were below FAANG. My understanding is that core devs are basically the folks who work on all the low latency stuff, so they'd be pretty well. Jane Street, from what I recall, is 300K (base + bonus) and 125K sign-on, and also it is non-negotiable. No idea what their numbers are like for experienced hires from competitors.
22SAS 4y ago
Honestly, that depends on the firm. There are same that do pay very well like this, eg: HRT, Jane Street (they are not an HFT though), Headlands, Radix. Some others like Jump, Optiver the pay varies depending on whether it's front office or back office. Where I work at, the new grad offers are slightly better than FAANG, but the growth is very good based on performance, we also pay very well to people coming in from a competitor.
FrenchTouch42 4y ago
> sufficiently senior devs make 7 figures I can confirm, known firm, manager role, offer was $1,3M full cash.
- ewuhic 4y ago
  Could anyone (successfully) apply for such a position with no referral but CV only?
  - FrenchTouch42 4y ago
    Not sure as the positions were not even public in my personal situation.

I cannot confirm this. ~300k is pay (excluding sign-on) fresh out of college at a big HFT -- sufficiently senior devs make 7 figures.

by isogon 4y ago

I cannot confirm this. ~300k is pay (excluding sign-on) fresh out of college at a big HFT -- sufficiently senior devs make 7 figures.

hatesinterviews 4y ago

At our firm, the numbers are similar: $600k TC for new grads ($200k base, $100k minimum first year bonus, $300k signing bonus)

22SAS 4y ago
WTF! I am at an HFT firm in Chicago, this is insane. This seems to be a lot like an offer from Radix, or Headland, or maybe Algo Dev at HRT.
- isogon 4y ago
  There is certainly much variance between the firms, especially the sign-on IME. People I know have turned down HRT core dev for big tech because their offers were unimpressive. I think an interesting target for comparison with big tech is Jane Street, since their culture and WLB are good, so the main QoL drawbacks of finance don't apply. A new grad will get ~300k at Jane Street, though probably not with this large a sign-on.
  - 22SAS 4y ago
    This is interesting, didn't know this about HRT Core Dev where offers were below FAANG. My understanding is that core devs are basically the folks who work on all the low latency stuff, so they'd be pretty well. Jane Street, from what I recall, is 300K (base + bonus) and 125K sign-on, and also it is non-negotiable. No idea what their numbers are like for experienced hires from competitors.

22SAS 4y ago

Honestly, that depends on the firm. There are same that do pay very well like this, eg: HRT, Jane Street (they are not an HFT though), Headlands, Radix. Some others like Jump, Optiver the pay varies depending on whether it's front office or back office. Where I work at, the new grad offers are slightly better than FAANG, but the growth is very good based on performance, we also pay very well to people coming in from a competitor.

FrenchTouch42 4y ago

> sufficiently senior devs make 7 figures I can confirm, known firm, manager role, offer was $1,3M full cash.

ewuhic 4y ago
Could anyone (successfully) apply for such a position with no referral but CV only?
- FrenchTouch42 4y ago
  Not sure as the positions were not even public in my personal situation.