121–130 of 219 posts
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Jesus Christ. I can't even imagine making that much annually off wage labor. I must have chose the wrong life path.
Me too, friend, me too. Some of these quoted compensations are more than I've made over my 8 year career.
I know a guy who works at Jane Street; he was formerly one of the brightest undergrads at Caltech. He turned down an offer to do a PhD at Berkeley to take the Jane Street offer, IIRC. He is pretty idealistic and has an interesting philosophy about working in finance: he thinks moving money around isn't that societally valuable, but he donates 10-15% of his income to charity each year (I think he picks charities using…
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.
> received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges I would think that compensation would be a required element of an employment offer. (I wouldn't say that I'd received a job offer if it didn't also include compensation information. If I didn't agree to the proposed figures and decided to negotiate, then I'd received a job offer that I declined.)
Wow. These interns at that comapany are working of stuff that's way more interesting and complex than the crap I deal with at my financial company. From what others are saying, it looks like they pay way better too.
Honestly quant finance has a lot of really interesting problems in. That XKCD about "why would I want to be paid lots to work on fascinating problems with the brightest people in the world" is… actually kind of true.
I'm getting tired of implementing/coding other people's solutions or just copying legacy processes into new tech. It would be nice to actually work on the problem and the processes that would most effectively solve them.
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Me too, friend, me too. Some of these quoted compensations are more than I've made over my 8 year career.
.... i know man. feels bad. but i guess not as bad if i had wasted time with further education in a low income major
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Sorry to hear about your experience. I have to ask: Who gave you the verbal offer? Was it an internal recruiter, external recruiter, or the company's HR department? I mentor a lot of college students. They're always very nervous about the possibility of rescinded offers despite how rare it is in practice, so I'm curious about the details of your situation. When mentoring people, I always advise people to never assume…
> I always advise people to never assume an offer is a done deal until you've received the official offer letter with compensation details and a start date They can still rescind at that stage as well though can't they - it's no more concrete, legally, is it?
For 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.
How does a normal software developer go about getting in? Do they give the traditional google interview or worse?
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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.
Earlier quoted context omitted.
Sorry to hear about your experience. I have to ask: Who gave you the verbal offer? Was it an internal recruiter, external recruiter, or the company's HR department? I mentor a lot of college students. They're always very nervous about the possibility of rescinded offers despite how rare it is in practice, so I'm curious about the details of your situation. When mentoring people, I always advise people to never assume…
> I always advise people to never assume an offer is a done deal until you've received the official offer letter with compensation details and a start date They can still rescind at that stage as well though can't they - it's no more concrete, legally, is it?
For 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.
How does a normal software developer go about getting in? Do they give the traditional google interview or worse?