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150k plus bonus. It's at a quant firm, so the bonus is likely to be ~50% of base salary if you do okay, and multiples of that if you do great.
by twic 4y ago
150k plus bonus. It's at a quant firm, so the bonus is likely to be ~50% of base salary if you do okay, and multiples of that if you do great.
- bambataa 4y agoWhat are hours like at HFs and quant firms? I’ve heard they can be bad.
- 22SAS 4y agoThat's another load of BS spread by people not in the industry. They equate HFT's and quantitative hedge funds the same as investment banks. At most HFT's, mine included, devs are mostly doing 40-45 hours a week. Some places like Citadel, Headlands, the work hours are terrible (still not IB level bad), but the rest of the places it varies between 40-50.
- bambataa 4y agoWhat IBs have bad hours for devs? I worked in the markets team at a BB IB and did similar hours to you. I wasn't sitting with traders, to be fair.
- twic 4y agoIn my very limited experience (n = 1), hours per week is the same as anywhere else i've worked. One quirk is that the trading day starts at seven in the morning, so at least one dev in the team has to be awake(-ish) and logged on to handle any technical issues. Before the pandemic, that meant being in the office, so an 05:45 alarm clock for me, but these days we do it from home. Another quirk is that trading winds down after six in the evening (exact time varies), and some releases have to wait until after that, so sometimes you've finished a piece of work but have to loiter to actually release it. Again, these days we can do that from home, so less of an impact, but still can be annoying. Also, my team does its own out of hours support on a very unstructured basis, so you could get an alert in the middle of the night (but not weekends) you need to respond to, although this is rare (and is mostly in our hands to keep rare!). I expect that better-organised teams have better ways with dealing with all this!
- mooreds 4y agoThanks, that's fair. I've never worked in the finance space, so didn't know that. TIL!
- pyb 4y agoMaybe, but C++ developers who haven't worked at hedge funds before wouldn't know it from this advert, and probably won't apply.
- twic 4y agoPerhaps. I note that position is being advertised by Oxford Knight, a high-touch recruitment firm. Their main modus operandi is to make contact with someone looking for a job, find out what they are looking for, and then suggest particular openings on their books to them; they would have plenty of opportunity to explain about the compensation. I think these public job listings are a bit of a cheap additional thing, and aren't that important to them.
- pyb 4y agoAs a C++ developer hoping to move back to London, this side of the market is still very opaque.
- lhnz 4y agoI would recommend joining with some recruiters from Durlston Partners. They are fairly upfront about the compensation on offer and for C++ in London it is significantly better than the numbers I've seen in this HN thread. For example, I've seen roles with base salaries of £250k and generally large (or even uncapped) bonuses on top of this... For example: https://www.linkedin.com/posts/rahnpreet-sandhu-2b84a515a_collaborative-flatstructured-cuttingedge-activity-6986300972469739520-wxXS https://www.linkedin.com/posts/rahnpreet-sandhu-2b84a515a_co...
- twic 4y agoAmen to that!