Salary progression
What does the salary progression look like for Software Engineers at Citadel, Jane Street, HRT, etc.
I could find info on new grads but very little for more experienced candidates. What would TC look like for 3-7 YOE?
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I’m at one of the above, and I have friends at both of the others. For all of the above, the MO is to pay large amounts to pull in prospective top talent, and then filter. The best performers see large increases and fast promotions, while 90% of folks will just get 10-20% raises YoY.
What makes it hard to give solid numbers is that things change heavily based on what number you get going in—my starting offer was >500, but I have a teammate with a similar profile who was offered ~250 just because he had worse competing offers. Projecting that out a few years, and noting that comp growth is less discontinuous than in tech, this ends up having a significant impact.
Yep. Quant is pure meritocracy. Long tails for top performers
Are you saying the guy with a lower starting comp would see higher tc increases if you were to get to the same tc?
I must be misreading, your comment sounds true definitionally. Could you rephrase?
I work at one of the above and have friends at the others. I’d like to note that New Grad and first year pay for external hires is heavily inflated with sign ons. So while New Grads at these firms start in the 4-500 “total comp” range. It be often take 2-3 years to make that amount of money again (Base + Perf Bonus). After that, it’s a little unclear what progression looks like. It’s often a product of how valuable you are (this doesn’t necessarily mean your the best, it could simply mean your the only person with knowledge about a certain thing and replacing you would be expensive and inconvenient).
Responses can be bucketed to make it easier to get a picture for those of us not in the space. Saying it’s ambiguous doesn’t help. Take averages and bin! How’d yall pass the interviews my goodness