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When Workers Own Their Companies, Everyone Wins

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Re: When Workers Own Their Companies, Everyone Wins

#61
post #58

Earlier quoted context omitted.

I don't think so. Yes, you do get paid more, but you're expected to put in more hours and forced to work within a much more rigid environment with less transparency. Also, throughout finance firms (even among the more tech-saavy ones), the programmers are ostensibly considered second-class to the portfolio managers, and this is reflected in the pay. So yes, they get paid more, and as a result they may be more a bit m…

I'm much more quant than programmer, but even programmers at trading companies get paid at least as well as they do at Google/Facebook (and obviously much better than they'd be paid at a startup) to start with. Not to mention that programmers at SV companies are second class to product managers, so the relative status situation isn't that different. I don't know where you get the more hours/more rigid attitude from.…

"600k for GS, ~150-200k for Google" is a meaningless comparison. First of all, the 600k is mean, not median, and it's heavily skewed by the relatively few but very high MD/partner salaries. Second, that's across the entire firm, and the GS tech guys are pretty far down the totem pole when it comes to pay. I doubt there's much difference in median programmer pay in GS vs Google, especially recently given the rise in SV salaries.

And if you're a quant, then it's totally not fair to compare yourself against a programmer, because even if you're doing programming, it's a completely different job altogether. Quant jobs (the ones immediately touching the models) are much more statistics focused, and the coding is more a means more than an end.

Re: When Workers Own Their Companies, Everyone Wins

#62
post #58

Earlier quoted context omitted.

I'm much more quant than programmer, but even programmers at trading companies get paid at least as well as they do at Google/Facebook (and obviously much better than they'd be paid at a startup) to start with. Not to mention that programmers at SV companies are second class to product managers, so the relative status situation isn't that different. I don't know where you get the more hours/more rigid attitude from.…

"600k for GS, ~150-200k for Google" is a meaningless comparison. First of all, the 600k is mean, not median, and it's heavily skewed by the relatively few but very high MD/partner salaries. Second, that's across the entire firm, and the GS tech guys are pretty far down the totem pole when it comes to pay. I doubt there's much difference in median programmer pay in GS vs Google, especially recently given the rise in S…

What job is there that coding isn't a means to an end?
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