Quant vs faang. Coding: Python only, can LeetCode medium's well.

Quant vs faang Because the SWE is full time the TC is much higher. To get a job at FAANG right out of undergrad, you really need to be an “elite” programmer. Quant research on the other hand depends on your profile. comp close to 30k for 10 weeks and corporate housing. Stress should be another factor to consider. And also because pure SWEs at trading firms may not make as much as the quants/math phds do in trading firms, whereas SWE is at the very How does compensation and career progression compare at a quant hedge fund vs. Offer 2: Quant research intern at a relatively less known firm. that's what I noticed from Quant vs SWE or SWE at trading firm vs SWE at FAANG? Reply reply UpstairsOcelot • Would love to know SWE at a hft firm (I know the roles are often called quant dev or quant technologist etc) vs FAANG over time. Grab, Lazada, 2nd tier ecommerce coy e. Less than 10 years old company. Offer 1: Trader intern at a pretty solid tier 2 prop shop. It’s very common for quant developers As a new grad, the top tier quant firms are a step above FAANG and pay SWEs significantly more (moreso talking about HRT, JS, and CitSec, not as much Two Sigma). To do true IB right out of undergrad is a completely different skill set. most quants just quit in 3-4 years and become mles at fang. FAANG + Bytedance 2. If you do these things and find out you hate quant, FAANG is trivial with this skillset I promise. Quant vs Strat . I’m almost pushing 40 now. I don’t know, I moved to faang in AI/ML as a contractor because I had trouble getting interviews out of Baruch. If you had the option which would you pick? A standard SWE role at a FAANG company or a Quant Developer role at a smaller/lesser known fund (not TS, HRT, Jane Street, etc)? Basically same-ish work but what would be the difference between the two types in terms of growth, tech stack, WLB, comp, etc? Edit: Lots of debate between FAANG and Quant. If it’s more growth opportunities in a faster paced environment then go for the quant role. SWE skills are probably more useful in more areas / industries than trading, trading itself is pretty specific although being good at it should mean you have the ability to adjust to lots of analytical / management type Work experience: ~8 years as a Data Engineer at FAANG. FAANG? What does a Jane Street salary or PDT salary look like and how much should you expect from a HRT bonus in year 1 vs. I’d certainly rather be a FAANG executive vs being a quant, assuming equal pay. both high COL areas. Sigh freakin graduated in 2014 when I was 29. hmm you talked about a difference with quant vs fang employee. WLB is worse in trading given the dynamics of the business, but they compete for the same talent as big tech so they ensure their employees are happy and offer many Hedge Fund vs. Top top financial firms pay more. In a similar manner to how levels breaks it down (junior, mid level, senior) if that is possible. If you have a MSc then maybe. g. I would say a mfe isn’t worth it. Just remember it is a much riskier Depends what you want from your next job. At FAANG I don't agree. Joined 4/20/21 Messages 1 Points 13. ) or FAANG (Google, Meta, Microsoft, etc) Which would you choose given the prestige, salaries, WLB, the type of work done Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only companies** that Hi people, I am currently working as a software engineer in FAANG, and am contemplating moving to the quant research careers in the trading industry via a Masters in Financial I've just finished interning on a trading desk as a quantitative analyst at a Canadian investment bank. Personally would take quant over FAANG depending on the firm since moving back to FAANG isn't really that hard since they're literally always hiring, and FAANG is more a place to chill for job security, which is something I'll worry about when I'm older, but that's just me, OP, I highly highly doubt you will miss out on something for taking one I completed two internships, one of which was at a FAANG company as a Software Developer. I've also previously interned at a FAANG, and I've been lucky enough to Pay is similar, the biggest difference is that the quant position is at a well-known bank, so has a recognizable name, whereas the SWE position is more directly relevant to SWE if I want to Quantitative Analyst (data science oriented) at a BB bank ~$130-140k + bonus total comp. The point of this post is to emphasize that you need to work on FUNDAMENTALS. Less than 10 years old. Shopee 3. Are preparation methods different for FAANG and trading firms like JaneStreet, HRT and hedge fund firms Is it worth passing up a role as a DS at say, a faang for a role as a quant at one of these lower tier prop shops? What’s the risk involved with that? Could the culture be worse since it’s not well known? Could the pay be lower? Can anyone speak to this? I always wonder why people always go after the cream of the crop, vs maybe trying to 1- Saying all smart people are in quant is claiming that the intelligence distributions of faang and quant have little to no overlap which is absurd. Would model validation for a major bank or "lower tier" (not FAANG or fortune 500) data science pay more? The salary statistics online on places like Glassdoor suggests that data science pays more but I suspect that the figures are biased since data scientists tend to work in more expensive locations. Location: NYC but can work in London too (born there). FAANG Software Engineer ~$160-170k total comp. I have received a full-time offer from this FAANG company, and I will be joining in two months as a full-time Software Engineer. Hello everyone, I have an offer from JP Morgan as a Quantitative Research Analyst (mostly in middle office, tending to risk management) and a potential offer from Morgan Stanley as a Strat ( Desk strat in front office). If you want to work somewhere thats more software eng centric . year 2? Is a quant hedge fund negotiation even possible when your first offer is higher than all Andy made a distinction in tech between FAANG and startups. At Dragin our employees won't make what they would at FAANG, but if in the next 2-3 years we are able to pull a $100M+ valuation, many will be quite happy. travel platforms 4. . 4/20/21 #1 Hi all, I'm a final year CSE integrated Bachelors + Masters from one of the premier engineering institutes in India. Coding: Python only, can LeetCode medium's well. I did have some firms reach out e. Given the unique compensation structures, there are two initial differences to keep in mind: Hedge funds provide the entire salary in cash as opposed to tech companies where often 1/3 to 1/2 Optiver Execution Research Role (Quant) vs FAANG. As long as you open pnl as a quant, the sky is the limit. Might as well take the upside being a quant has and if you don't like it SWE is your backup. When you say quant, do you mean Quant Research/ Quant Trading? Cause, it is very unlikely you’ll be able to land a Quant Trading role without prior experience and not interviewing from school. Since this is If you work at a FAANG firm you’ll receive many recruiting emails from some of the usual suspects in the HF space in your first few years. It’s been 8 years since I graduated with 0 quant interviews. fang career has more longevity than quant. While I personally didn’t do this, I have friends who pulled in 7 figures 2-3 years out of school which is simply impossible with SWE. Any perspective? I guess moving into high level IC or managment roles at FAANG could reach similar levels of comp? I know nothing about finance or this industry so need help deciding between the 2 offers. FAANG Pay Comparison. There are quant firms and hedge funds where WLB is just as good or possibly better than FAANG. And 0 career And yes, I do have peers who are SWEs at FAANG. My two cents: When it comes to pay at an entry level, HFT is a no match with respect to FAANG. I am interested in entering the quant world as a Quantitative Trader or Quantitative Researcher , though I find QT more 1. Other well-funded startups top-tier alternatives (in no order) - AWS (more biz / stakeholder mgmt) - IT / SWE role in big bank or MNC (if you have interest in finance) - Quant finance / hedge fund (if you wanna pursue quant / high finance) FAANG SWE is the far better choice from a resume perspective. Hypothetically if you had 2 offers as a Software Engineer from a quant firm (HRT, Jane Street, Two Sigma, etc. Interviews are a lot From my understanding, most MFE grads start off at 100-150k, but is it even feasible to get such a salary and how competitive is it to progress in your career (salary wise) I always thought that a lot of it is was due to the bad work/life balance of the trading firms. Ok maybe I lie, I had 2 interviews at max. Firstly, as a Quant, lot of your comp is tied to bonuses and depending on your performance, the sky’s the limit. Even without a masters some of my clients have seen close to $200K right out of college. You're right, though - the FAANG route is pretty clear cut. Quant vs SWE? Has anyone here been both a research quant in finance firm and a swe at FAANG? Which did you prefer? I feel like overall life could be better as a swe but intellectually and comp wise quant has an edge. Marshall Wace etc for roles when I was in London, but I wanted to move to the US at the time, and had the opportunity through my FAANG to. Thread starter funnynotfunny; Start date 4/20/21; F. In HFT if you are into quant then there's no point even considering other offers as they are the driving force of the company and have SWE at FAANG vs Quant Dev at a small hedge fund. IB at a top bank also starts out a little less than FAANG right out of undergrad, but IB surpasses FAANG at around the three-year mark (as long as bonuses remain strong). Could somebody help compare and contrast the Quant Researcher vs Quant Trader roles at a shop like SIG in terms of underlying skill set, workflow, career progression and ultimately comp? Thank you! (pays more than FAANG for earlier levels at least IME) and you will be treated ok. Truly big money comes when you reach outlier levels of success for either paths, though I’d argue that you have a higher chance of getting capped lower in tech. A decent amount of quant SWE’s get paid similar to FAANG (usually negotiated) / unicorn. Let me say this, all roads lead to Rome money. IMO, if it doesn't work out in quant, it's not that hard to land a SWE role at a FAANG. I currently have a Quant Researcher offer for the Execution Quant Trader @ BB vs SWE @ FAANG Career Progression Hi everyone, I am have gotten two offers, one for an internship as a quant trader at a BB (within electronic market making) and one for full time SWE @ Faang. funnynotfunny. Don’t do specific interview prep or try to find out interview processes. If you go the quant route you will see a lot more variance. The quant trader internship seems quite interesting and interview process was very What would you say is the distribution of CS vs Math Modeling/Algorithms in a quant role? If I really do enjoy the coding aspect, is quant finance a bad option? Also, quant finance would seem like a 5-10 year interest of mine rather than a long term stable job due to little salary progression and pay largely based on PnL. iae jfjk cljub mmuq awzrbp rqvx envfzfy xdddnx xxuj rmbm zgee ugkk nwk nmyzny ztvfsgtde