I completed the interview process at Jane Street last year and received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges, claiming they had decided instead to fill the position I applied for with internal staff. Their recruiter handled it with a high degree of professionalism but the experience left a bad taste in my mouth nonetheless.
What the interns have wrought, 2020 edition
71–80 of 219 posts
Re: What the interns have wrought, 2020 edition
#72Earlier quoted context omitted.
"Routinely" is doing a lot of heavy lifting. I can confirm it's possible, as I've been in the industry and have spoken to people who make seven figures at Jane Street. But I would rather say it's "reasonably attainable" for an engineer who has been there for at least five - seven years and is really hitting their stride with the type of work. They do routinely beat out top tech compensation, and most engineers there…
This comment really did not help my depression as someone that makes $150k two years into a FAANG job. I've never even been able to get interviews from HRT or Jane Street, and my Citadel offer was less than $200k...
To help your depression, you can recall you make more than most people could hope to make every 2 years at age 50.
Or than most engineers make at any point in their careers.
Re: What the interns have wrought, 2020 edition
#73For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth. It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years). They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
Also worth noting that Jane Street interns are amongst the highest paid at $83.65 / hour: https://www.levels.fyi/internships/
Re: What the interns have wrought, 2020 edition
#74For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth. It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years). They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
That is incredible. Do you know of any [non-corporate] blogs from their engineers? I'd love to learn more about them from an unofficial perspective.
I wrote a single blog post before I started working. https://tianyi.io/post/chicago1/
Re: What the interns have wrought, 2020 edition
#75Earlier quoted context omitted.
Yep, and they use OCaml! I always feel like I have to point it out since people do not think much of it, have lots of misconceptions of it, and so on.
I guess I might have some misconceptions of OCaml. Are there other companies that use it? I ask because whenever someone says "OCaml is used in industry, for example, Jane Street", they say it like it's just one example, but it's always Jane Street.
Facebook is big into it via tooling and compilers. It's also big on the Messanger team ala Reason.
Ahrefs is another one I know of.
And hopefully (maybe?) my company soon.
Re: What the interns have wrought, 2020 edition
#76Earlier quoted context omitted.
"Routinely" is doing a lot of heavy lifting. I can confirm it's possible, as I've been in the industry and have spoken to people who make seven figures at Jane Street. But I would rather say it's "reasonably attainable" for an engineer who has been there for at least five - seven years and is really hitting their stride with the type of work. They do routinely beat out top tech compensation, and most engineers there…
This comment really did not help my depression as someone that makes $150k two years into a FAANG job. I've never even been able to get interviews from HRT or Jane Street, and my Citadel offer was less than $200k...
since you seem to base your self-worth to some extent on your total compensation, what concrete steps (to include interviewing, working with recruiters, consulting, etc.) have you taken to increase your total comp either immediately or in the future?
Re: What the interns have wrought, 2020 edition
#77I completed the interview process at Jane Street last year and received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges, claiming they had decided instead to fill the position I applied for with internal staff. Their recruiter handled it with a high degree of professionalism but the experience left a bad taste in my mouth nonetheless.
Maybe I am not too familiar with it (although I have heard interns negotiating for pay with Akuna).
I thought intern compensation is pretty much set. Did you have counter offers to negotiate?
Re: What the interns have wrought, 2020 edition
#78Earlier quoted context omitted.
I know people who work there. That comp data excludes bonuses -- and most importantly -- that employees are able to invest in the proprietary funds themselves, which generate insane returns.
Another thing the HN orthodoxy rejects is that professional investing and trading can make money above monkey-dart levels, despite the abundance of evidence that it does.
This assertion is about funds that are open to the general public. No one doubts e.g. Renaissance’s Medallion fund.
Re: What the interns have wrought, 2020 edition
#79Earlier quoted context omitted.
> Engineers there routinely make well over $1mm/year. Do you have a source for such claim ? data from h1b salary [1] tells that senior software make 200k base, and here [2] they explain that the average salary is 440k [1] https://h1bdata.info/index.php?em=JANE%20STREET&job= [2] https://news.efinancialcareers.com/fr-en/307393/jane-street-...
I have read in forums that companies under-report salaries to the H1B database. They only need to report some number above the prevailing labor market and don't need to report the actual salary employees are paid over this.
I think it’s the base salary that is being reported.
Re: What the interns have wrought, 2020 edition
#80Earlier quoted context omitted.
I know people who work there. That comp data excludes bonuses -- and most importantly -- that employees are able to invest in the proprietary funds themselves, which generate insane returns.
Another thing the HN orthodoxy rejects is that professional investing and trading can make money above monkey-dart levels, despite the abundance of evidence that it does.
Totally right. Huge blind spot here.