8 ms·
The incentives in finance are remarkably well-tuned to rewarding employee effort. Make the company 300k? You get 30k. Make the company 300 million? You get 30 m
by roncesvalles 2y ago
The incentives in finance are remarkably well-tuned to rewarding employee effort. Make the company 300k? You get 30k. Make the company 300 million? You get 30 million.
- c0mbonat0r 2y agohow do swe get into finance?
- nmfisher 2y agoI see quite a few SWE jobs here in Singapore in finance, mostly realtime C++ order management. If the advertised salaries are real, they're very well-paid (300-700k USD, plus bonus).
- throwaway7ahgb 2y agoFirst step, understand what Finance means in the scope of technology work.
- c0mbonat0r 2y agoi dont have a clue
- fooker 2y agoThe path of least resistance is to become a well known C++ or systems guru. This can be done by contributing substantially to the language standard, a compiler, etc etc. Or you could learn COBOL!
- meiraleal 2y agoThat seems so easy to game. Do some small change that brings short term gain, bag the profit and let the rebound be the failure of another team.
- arethuza 2y agoDoesn't that pretty much describe the 2007-2008 financial crisis?
- 1over137 2y agoAnd every such crisis before it, and the next one too.
- throwaway7ahgb 2y agoThe crisis was 07/08, but the buildup was almost a decade in the making, does that count as short term?
- sbarre 2y agoMaybe the profit share is earned out over time? Otherwise I would agree with you..
- blibble 2y agothe law in the UK is that material risk takers bonus pay over a certain amount (couple of hundred thousand) is deferred over 3-5 years and can be clawed back
- throwaway7ahgb 2y agoIf you think it's easy to game 30M in short term revenue, please try to do that in a large firm. The risk/compliance teams would be interested in your strategy.
- meiraleal 2y agoI'm a socialist/anarchist, they would never give me that opportunity :)
- fooker 2y agoYou could try this overall strategy in the stock market and see how it works out ;)