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SWE will probably make between 250-500k. Quants who can come up with profitable trading strategies can make a lot more. Managers of trading teams can make over

SWE will probably make between 250-500k. Quants who can come up with profitable trading strategies can make a lot more. Managers of trading teams can make over 1MM and sometime a lot over 1MM depending on how profitable their teams perform. SWE who have deep subject matter experience are super valuable to these firms. Folks who understand how to write low latency code, FPGA work and other stuff like that. But the real money is in figuring how "how and what" to trade. Once that's done, the SWEs can bang out the code.

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mayguo 2y ago
> SWE will probably make between 250-500k. New grad SWE is 400K https://www.levels.fyi/companies/jane-street/salaries/software-engineer https://www.levels.fyi/companies/jane-street/salaries/softwa... And levels.fyi not very accurate because 2nd year bonus is much larger than 1st year bonus in offer letter. Quants/traders can hit $1M with 5 YOE not too difficult. Portfolio managers (similar to EM in tech) definitely $1M, sometimes $10M.
- subsubzero 2y ago
  That is quite good and comparable to IB(investment banker) salaries. Meaning a few years ago $200k by 22, and incrementing $100k a year with $1M by age 30, and $10M by age 40 or so. The starting salaries out of college are now about $350k. My question is I wonder if the upward salary trajectory is similar to that IB track, this is assuming the employee has a somewhat upward career trajectory; does Jane street cap out folks at a certain level?
  - SkipperCat 2y ago
    From my experience, the best way to get a pay increase is to code software for things closer to the trading system. Write code that makes a trading app faster and increases PnL, you'll make more money via bonuses. If you're writing back office code doing data loading, trade reconciliation or other "housekeeping" stuff, you'll not see the same comp. Because of this, getting a SWE role that is assigned to a trading team is highly desired.
jfrbfbreudh 2y ago
I work at a competing firm and our SWE new grads make $420-470k (including signing bonus). JS pays their new grads similarly, just a tiny bit lower.
- notagoodidea 2y ago
  I guess, I live in the wrong country and wrong profession if I want to make that much of money. This is an stupidly gigantic amount of money. I know that I will not make this much gross any year of my life, actually this is around 7-8 years of my gross annual salary.. I know US vs UE etc. Still this is crazy. Not sure how UE salary in the same field/category compares.
  - singhuler 2y ago
    Fortunately for you money doesn't buy happiness and life has the same end point no matter how rich you are ::)
  - pcrh 2y ago
    This isn't much US vs Europe, as industry sector. You can probably make comparable amounts of money in the same sectors in London, Amsterdam or Paris.
- andoando 2y ago
  Hire me and ill be your slave

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mayguo 2y ago

> SWE will probably make between 250-500k. New grad SWE is 400K https://www.levels.fyi/companies/jane-street/salaries/software-engineer https://www.levels.fyi/companies/jane-street/salaries/softwa... And levels.fyi not very accurate because 2nd year bonus is much larger than 1st year bonus in offer letter. Quants/traders can hit $1M with 5 YOE not too difficult. Portfolio managers (similar to EM in tech) definitely $1M, sometimes $10M.

subsubzero 2y ago
That is quite good and comparable to IB(investment banker) salaries. Meaning a few years ago $200k by 22, and incrementing $100k a year with $1M by age 30, and $10M by age 40 or so. The starting salaries out of college are now about $350k. My question is I wonder if the upward salary trajectory is similar to that IB track, this is assuming the employee has a somewhat upward career trajectory; does Jane street cap out folks at a certain level?
- SkipperCat 2y ago
  From my experience, the best way to get a pay increase is to code software for things closer to the trading system. Write code that makes a trading app faster and increases PnL, you'll make more money via bonuses. If you're writing back office code doing data loading, trade reconciliation or other "housekeeping" stuff, you'll not see the same comp. Because of this, getting a SWE role that is assigned to a trading team is highly desired.

jfrbfbreudh 2y ago

I work at a competing firm and our SWE new grads make $420-470k (including signing bonus). JS pays their new grads similarly, just a tiny bit lower.

notagoodidea 2y ago
I guess, I live in the wrong country and wrong profession if I want to make that much of money. This is an stupidly gigantic amount of money. I know that I will not make this much gross any year of my life, actually this is around 7-8 years of my gross annual salary.. I know US vs UE etc. Still this is crazy. Not sure how UE salary in the same field/category compares.
- singhuler 2y ago
  Fortunately for you money doesn't buy happiness and life has the same end point no matter how rich you are ::)
- pcrh 2y ago
  This isn't much US vs Europe, as industry sector. You can probably make comparable amounts of money in the same sectors in London, Amsterdam or Paris.
andoando 2y ago
Hire me and ill be your slave