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Earlier quoted context omitted.
That works out to 8 million per person on average. I'd be interested to see if the Pareto distribution holds here as well, namely that 1% of employees (26) hold half the wealth ($10b).
(PSA: 50/1 is approximately the same distribution as 80/20)
Earlier quoted context omitted.
Its mostly done as a way to filter job applications into a smaller set. When Google was the 'hottest' job prospect (many years ago) they needed a way to reduce the set of applicants down to a number where hiring managers could handle the load. Setting criteria such as having an Ivy League degree or a CS degrees with GPA over 3.8 was a logical way to achieve this goal. That being said, if you went to a community colle…
> they needed a way to reduce the set of applicants down to a number where hiring managers could handle the load The question is what other attributes you "accidentally" filter by if you filter by school prestige. Even if you do bias your pool to individually better candidates on average, you may bias it in a lot of other ways. If the purpose of the filtering is to reduce the pool to a size where humans with common s…
HFT jobs are high value / high comp jobs, so Jane Street and their cohorts put a lot of effort into recruiting. This includes their resume intake system, internships with desirable colleges and professional outreach.
Jane Street made 4.4bn net income in Q1 2024 w/ 2600 employees. Tether made 4.5bn net income in Q1 2024 w/ probably <50 employees.
SBF got his start there right?
Why do they say 179,000 million instead of 179 billion? Is that common in their industry?
> At the end of 2023, Jane Street employed 2631 people > About 80 per cent of the company's capital comes from employee equity, which has swelled to $21.3bn at the end of 2023 o.O
That works out to 8 million per person on average. I'd be interested to see if the Pareto distribution holds here as well, namely that 1% of employees (26) hold half the wealth ($10b).
If I remember correctly they are also by far the biggest poster child for OCaml, right? Blub Paradox at play here?
They're more than a poster child, they made a lot of contributions to the ecosystem. OCaml would be different without them.
> Double the profit per employee than Google > Average TC of 900K > Several unranked billionaires it makes even OpenAI / Meta ML SWEs look underpaid
This is the average, it'd be interesting to know what's the median for a SWE is. Also, some high-level SWE do make 900K at Google and others. Maybe for a similar set of skills, JS doesn't pay (much) more than Meta or Google?
900k is average including janitors and HR.
Median for SWE most definitely over $1 million. Turnover of 6%? No way people stick around “only” making 500-600k new grad comp. Check levels.fyi
> Also, some high-level SWE do make 900K at Google and others
And some high-level SWEs at JS make 9 figures, not 900k.
> At the end of 2023, Jane Street employed 2631 people > About 80 per cent of the company's capital comes from employee equity, which has swelled to $21.3bn at the end of 2023 o.O
That works out to 8 million per person on average. I'd be interested to see if the Pareto distribution holds here as well, namely that 1% of employees (26) hold half the wealth ($10b).