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The closer to the trade you are the higher bonus is as a percentage of your total comp. I did mention "front office" in my original post. - Infrastructure is v
by dev_jim 13y ago
The closer to the trade you are the higher bonus is as a percentage of your total comp. I did mention "front office" in my original post.
- Infrastructure is vital to most trades. Bonuses are going to more than 30% if you're on the cutting edge here - prop shops, some technology oriented hedge funds, and some banks.
- If by tools you mean GUIs then no.
- Engineers who write trading algos (or more likely algo components that are used by a trader at a higher level) will have a bonus that is more than 30%.
- bigbang 13y agoThanks for the clarification. Is it feasible to get into a prop shop or hedge fund as a programmer and "graduate" to trader? How common is it?
- dev_jim 13y agoCommon enough. Skills are so specialized thhough that it doesn't always make sense to switch though. Its a different career track, not a promotion. Top end trader will make more but top end developer will make more then the average trader. You should focus on what you are good at.