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> This is the average, it'd be interesting to know what's the median for a SWE is. 900k is average including janitors and HR. Median for SWE most definitely o

> This is the average, it'd be interesting to know what's the median for a SWE is. 900k is average including janitors and HR. Median for SWE most definitely over $1 million. Turnover of 6%? No way people stick around “only” making 500-600k new grad comp. Check levels.fyi > Also, some high-level SWE do make 900K at Google and others And some high-level SWEs at JS make 9 figures, not 900k.

basil-rash 2y ago
Janitorial staff is almost certainly subcontracted.
- walthamstow 2y ago
  I'd agree for any other company or even public body, but I'd bet that JS prefer to keep it all in-house. They are extremely secretive.
lupire 2y ago
Some high level SWEs at Google are billionaires.
- sullyreed8 2y ago
  > Some high level SWEs at Google are billionaires. The entire tech industry has fewer billionaires than quant finance. If you are ambitious, tech SWE is a bad deal.
  - lotsofpulp 2y ago
    The tech billionaires are far richer than quant finance billionaires. And I would bet that tech SWE has a far higher probability of launching you into $10M+ range than quant finance. I don’t know that a few more single digit billionaires (if that is even true) puts quant finance ahead of tech SWE in terms of potential rewards for the “ambitious”. Also, quality of life is far better for tech SWE.
    - bradlys 2y ago
      Getting into quant finance is not very common. Getting into tech SWE - even FAANG - is much more common. There are way more people working as SWE in tech than as quants. I've rarely met anyone who is a quant and doesn't have a PhD. That already narrows down the field quite a bit.
    - chronic739301 2y ago
      > And I would bet that tech SWE has a far higher probability of launching you into $10M+ range than quant finance $1B net worth? Google has more SWEs than the entire quant finance industry globally. Yet Google could only produce what, 4 billionaires? $10M TC at Google? That’s at most 500 VPs out of 150,000 employees. That’s 0.3%. Not good odds. More than 7 people (0.3% x 2500) at Jane Street are making $10M+… Same logic applies to $1M TC. Tech has okay chances, but quant is simply multiples better. Only if you got lucky at Tesla or NVIDIA. Otherwise your L5-E5 comp maxes at 600-800k including RSU appreciation. Then for junior/new grad, quant firms win again. 300-500k quant SWE offers vs 200-300k in tech. Hell, even for summer internships, quant trading firms pay SWE interns $20-25k/month. Also on levels.fyi
      - deleted 2y ago
        [deleted]
- hcks 2y ago
  Highly doubt that
yodsanklai 2y ago
FWIW I'm getting contacted regularly by recruiters working with JS in London. When enquired about salary, from their experience, people with my experience can get about £350k+. It's higher than an L6 SWE at Google/Meta in London, but not outrageously so.

basil-rash 2y ago

Janitorial staff is almost certainly subcontracted.

walthamstow 2y ago
I'd agree for any other company or even public body, but I'd bet that JS prefer to keep it all in-house. They are extremely secretive.

lupire 2y ago

Some high level SWEs at Google are billionaires.

sullyreed8 2y ago
> Some high level SWEs at Google are billionaires. The entire tech industry has fewer billionaires than quant finance. If you are ambitious, tech SWE is a bad deal.
- lotsofpulp 2y ago
  The tech billionaires are far richer than quant finance billionaires. And I would bet that tech SWE has a far higher probability of launching you into $10M+ range than quant finance. I don’t know that a few more single digit billionaires (if that is even true) puts quant finance ahead of tech SWE in terms of potential rewards for the “ambitious”. Also, quality of life is far better for tech SWE.
  - bradlys 2y ago
    Getting into quant finance is not very common. Getting into tech SWE - even FAANG - is much more common. There are way more people working as SWE in tech than as quants. I've rarely met anyone who is a quant and doesn't have a PhD. That already narrows down the field quite a bit.
  - chronic739301 2y ago
    > And I would bet that tech SWE has a far higher probability of launching you into $10M+ range than quant finance $1B net worth? Google has more SWEs than the entire quant finance industry globally. Yet Google could only produce what, 4 billionaires? $10M TC at Google? That’s at most 500 VPs out of 150,000 employees. That’s 0.3%. Not good odds. More than 7 people (0.3% x 2500) at Jane Street are making $10M+… Same logic applies to $1M TC. Tech has okay chances, but quant is simply multiples better. Only if you got lucky at Tesla or NVIDIA. Otherwise your L5-E5 comp maxes at 600-800k including RSU appreciation. Then for junior/new grad, quant firms win again. 300-500k quant SWE offers vs 200-300k in tech. Hell, even for summer internships, quant trading firms pay SWE interns $20-25k/month. Also on levels.fyi
    - deleted 2y ago
      [deleted]
hcks 2y ago
Highly doubt that

yodsanklai 2y ago

FWIW I'm getting contacted regularly by recruiters working with JS in London. When enquired about salary, from their experience, people with my experience can get about £350k+. It's higher than an L6 SWE at Google/Meta in London, but not outrageously so.