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How to Build an Exchange (2017)

janestreet.com

11–20 of 129 posts

Re: How to Build an Exchange (2017)

#11
post #7

Fun fact: Jane Street, Citadel and other HFT firms pay exorbitantly. You can see the base salary ($200-300k) posted public here: https://www.janestreet.com/join-jane-street/position/4274288... Even interns make $120/hr: https://www.levels.fyi/internships/

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

Re: How to Build an Exchange (2017)

#12
post #7

Fun fact: Jane Street, Citadel and other HFT firms pay exorbitantly. You can see the base salary ($200-300k) posted public here: https://www.janestreet.com/join-jane-street/position/4274288... Even interns make $120/hr: https://www.levels.fyi/internships/

Those are low numbers compared to the smaller prop shops that routinely pay 1MM+.

Gotta have a PhD in pure math though. That shit is bananas.

Re: How to Build an Exchange (2017)

#13
post #11
post #7

Fun fact: Jane Street, Citadel and other HFT firms pay exorbitantly. You can see the base salary ($200-300k) posted public here: https://www.janestreet.com/join-jane-street/position/4274288... Even interns make $120/hr: https://www.levels.fyi/internships/

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Re: How to Build an Exchange (2017)

#14
post #9
post #7

Fun fact: Jane Street, Citadel and other HFT firms pay exorbitantly. You can see the base salary ($200-300k) posted public here: https://www.janestreet.com/join-jane-street/position/4274288... Even interns make $120/hr: https://www.levels.fyi/internships/

Have family working there. You can get past 300K fairly easily once you factor in signing bonus, annual bonus, and "extras". They pay VERY VERY well indeed.

Yup, that figure I posted was just base but we often see folks getting multiples of that through bonuses.

Re: How to Build an Exchange (2017)

#15
post #11

Earlier quoted context omitted.

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Note though that Citadel is reputed to have a turnover rate of 100% per year. Their layoffs take care of themselves.

Re: How to Build an Exchange (2017)

#16
post #11

Earlier quoted context omitted.

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Really? Isn't FinTech getting hit harder than just about any other industry right now?

Re: How to Build an Exchange (2017)

#17
post #11

Earlier quoted context omitted.

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Smaller companies do layoffs as well. They just aren't as highly publicized as those at tech giants. Severance packages are usually worse/nonexistent as well.

HFT companies also have much higher performance bars and rates of overwork/burnout. I'm willing to bet that people are leaving Jane Street, Citadel etc. (whether voluntarily or not) at much higher rates than large tech companies like Google.

Re: How to Build an Exchange (2017)

#18
post #7

Fun fact: Jane Street, Citadel and other HFT firms pay exorbitantly. You can see the base salary ($200-300k) posted public here: https://www.janestreet.com/join-jane-street/position/4274288... Even interns make $120/hr: https://www.levels.fyi/internships/

Those are low numbers compared to the smaller prop shops that routinely pay 1MM+. Gotta have a PhD in pure math though. That shit is bananas.

Do you have a source on the $1mn+ figure? I would be curious to read more about this.

Re: How to Build an Exchange (2017)

#19
post #11

Earlier quoted context omitted.

They do pay extremely well, but are also very selective. The kind of talent they are looking for can earn similar salaries at large tech companies like Google ($400K-500K TC is pretty common at staff+ levels).

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Where is Google doing layoffs? The latest news I have is that people are very worried about layoffs, but so far they've only started putting people on rebranded PIPs.

The other FAANGs are definitely laying people off, though. I personally think the recession is a self-fulfilling prophecy, but regardless of my take on the fundamentals, it is certainly fulfilling itself and everyone in tech should be pretty worried right now. This is not the year when you're going to increase your salary by jumping to a cool startup as employee #3.

Re: How to Build an Exchange (2017)

#20
post #16

Earlier quoted context omitted.

One difference is Google, etc are all doing massive layoffs and i doubt JS, Citadel, etc will do this.

Really? Isn't FinTech getting hit harder than just about any other industry right now?

First, i dont consider Citadel, JS, etc "fintech" because they are not in the same line of work.

" Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. "

This is NOT what people like CIT, JS, etc. do.

So maybe FinTech is being hit very hard, but from what i hear Cit, JS are doing just fine (no real layoffs).

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