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> Show me another profession that can have such a dramatic impact on the bottom line where your work makes the company 100x-1000x your salary. High frequency t
by chronic94939 3y ago
> Show me another profession that can have such a dramatic impact on the bottom line where your work makes the company 100x-1000x your salary.
High frequency trading / propriety trading firms (buy-side) make FANG TC look like public teacher TC.
400-600K USD for 22-year old new grads. With 5 YOE, TC of $1M+ is not uncommon . If you do really well, $10M+ annual TC is possible with 5-10 YOE.
Even mid-career employees get fixed % cut of company profits. I’m not even talking about the company partners either.
So yes, FANG SWEs are underpaid.
- decafninja 3y agoThe total number of roles in HFT firms and other top finance companies that pay tech employees that well are tiny compared to the number of roles in FAANG. Along those lines, the number of SWEs in FAANG are tiny compared to the legions upon legions of SWEs working at nontech companies where a 60yo staff engineer retires with compensation similar to a FAANG 25yo junior engineer. The comparison is even more dire if you bring non-US jobs into play. I’ve heard a typical Venetian gondolier is paid more than an Italian SWE. So I disagree a FAANG engineer is underpaid compared to the vast majority of their peers at other companies. FAANG is an anthill, and HFT firms are a wart on an ant’s thorax compared to the Mt. Everest that comprises the legions of companies that pay far, far less.