321–327 of 327 posts
Earlier quoted context omitted.
I guess analytical skills, math probably, but these are pretty general. What unique skills are you thinking about?
I don't have the slightest idea since I don't work there. I was more wondering if there was anything I would need to know before applying specific to the industry or if it's just like any other software engineering job.
Earlier quoted context omitted.
I guess analytical skills, math probably, but these are pretty general. What unique skills are you thinking about?
I don't have the slightest idea since I don't work there. I was more wondering if there was anything I would need to know before applying specific to the industry or if it's just like any other software engineering job.
There are finance startups where the above doesn't apply, but they don't pay like the banks do.
Earlier quoted context omitted.
The company I worked at "solved" this problem by offering the same package but with a clausing stating "key employees are not eligible to receive this package". There was some legalese at the end of the document that deciding who was "key" was ultimately up the company and no explanation was required. As one of my co-workers explained it: If you're incompetent you can get a great payout and then go be someone else's…
Isn't that illegal, though?
Earlier quoted context omitted.
I don't have the slightest idea since I don't work there. I was more wondering if there was anything I would need to know before applying specific to the industry or if it's just like any other software engineering job.
To succeed in financial dev you need to be comfortable working in a heavyweight, slow large-corporate environment. Think lots of meetings, lots of time estimation & metrics, using Java, C# or C++ (shudder), people caring what you wear. If you can deal with this, the rewards are great. If you can't, it's hell. There are finance startups where the above doesn't apply, but they don't pay like the banks do.
Incidentally, when the startup I work for reached a size where most companies would have started hiring managers, we reached a consensus as a company to give the holocracy thing a try. It's been working very well for us, but we're still < 100 people, so we'll see if it sticks as we grow. Me, I might bail if we turn into a big boring manager having company.
Earlier quoted context omitted.
Just be careful. I used to work at Nortel in Canada which at one point had over 90k employees. When I worked there, I believe they were making $18 billion a year in revenue. Profits appeared to be good. A few years later it turned out the "good profits" were actually accounting fraud. The company tanked and everyone lost their job. But Nortel had a fairly good pension system, so the people who had worked there for 25…
Listen to this guy. I'd much rather get a big 401k match and have the money be mine than trust that my pension will be there based on the whims of the company and market. Look at the airline industry. Plenty of pensions have been restructured during the string of bankruptcies. Pensions are guaranteed by a federal body, but only up to ~$50K/yr I believe. You'll never get less than that, but you $100K/yr pension might…
These things should always have been administered by 3rd parties and required to be fully-funded.
No "executive" can look at so much money "just lying around doing nothing" without wanting to get their grubby little hands on it.
Very sad for a lot of people
Earlier quoted context omitted.
You're making a flawed assumption many people make: because many managers are poor managers, management is bad. Be careful what you wish for. A company without management is like a boat without a captain. You might appear to be fine for some time, but eventually you'll be hopelessly adrift at sea.
The Costa Concordia had a captain.... A company without management may drift around aimlessly in Brownian motion, but at least it does not order "ahead flank" onto the rocks. There once was a manager, Who had a little curl, Right in the middle of her forehead. And when she was good, She was very, very good, But when she was bad, there were layoffs.
If everyone doesn't work together, with a hard time constraint, to achieve the shared vision they believe in it seems really hard to do amazing things at any sort of market dominating speed.
I accept those bets happily.