lol noone is paying $300k+ for fresh phds. $200-250k is more reasonable but even that is on the high side, most places will be around $150k-200k.300k is standard at two sigma
At elite hedge funds, they pay them $150K+ base and up to 100% bonus. I can 100% confirm this. Heck, they pay software developer interns at the rate of $150K per annum, but for 3 months.
utter fukin nonsense
LOL at thinking glassdoor is accurate. And yes for a top PHD in ML 300k is the going rate in NYC. Same thing for Fb/Google
Believe whatever you like, but the FAANG companies have fairly rigid comp structures for technical people (eg the L4-L11 bands at Google) and the salaries are so well-known that its basically public domain at this point. Noone is getting $300k until they are leading a project/team, which normally requires a few years of experience.
I dont know where you are getting your information from, but its very incorrect. At least with Google/FB salaries it would be easy for you to correcr your misconceptions since the data is basically public.Look these companies are paying way more than you can imagine. A STANDARD offer for an engineer with 4-5 years of experience is 300k. For a top PHD it is also that. Fresh out of school in undergrad can be as high as 200k. Engineering managers at FB make 500k. People are paying exorbitant amounts of money for top programming talent, the business people in america scoff at this. The time is up for everyone but technical talent and the few who make it to the top of business.
Netflix pays 400-500k CASH for senior engineers.
Glassdoor / h1bdata is generally unreliable as they don't account for stock. I would check levels.fyi: https://www.levels.fyi/company/Citadel/salaries/Software-Engineer/
Citadel's base is 175k-200k, 1st-yr guarantee 150k, sign-on bonus 100k.
https://h1bdata.info/index.php?em=citadel&job=quantitative+researcher&city=&year=2018
Two sigma is similar
https://h1bdata.info/index.php?em=two+sigma&job=quantitative+research&city=&year=2018
Take a look at their AUM (~50bn), look up their historical returns (>10%) and fees, and divide that by number of front-office core-business employees (~100), you'll then understand 500k is actually VERY low.Insider here. 350k-450k is now the HF standard package for fresh PhDs.
There's no point to debate about that.
THIS IS A FACT.
Please stop saying stupid things like b-school pay is comparable to HF salary.
They're not.
Median salary in HF is >500k for PhDs 3yr out of school.Lool, 500K for 31 year olds. Hahaha. You put those people we see working for hedge funds get this?
What kind of backgrounds and skills do these funds request of fresh PhDs?
Not in Amazon.
Not that much of a joke. Many fresh MBAs with 2 years of experience make $180 - $250K. Wouldn't be surprised if they paid PhDs a bit higher to get them.1) MBAs earn more than PhDs, I dont know why you would think the opposite
2) Two years experience is a lot
3) Despite having a more prestigious degree (yes) and two years experience vs 0 years, they still dont get $300k.
A lot of fiction in this thread. It's always my classmate's friend's cousin got this and that offer. If industry is so great the academic job market would be empty. Everyone just fights their way to an industrial job and be a millionaire in 3 years.
Only HRMs and maybe Berkeley kids get opportunities like these. When I was a grad student I was headhunted for these jobs often. The numbers are in line with what they told me. I had some family money so I didn't care about it and became a professor, like many of us at my departments.
A lot of fiction in this thread. It's always my classmate's friend's cousin got this and that offer. If industry is so great the academic job market would be empty. Everyone just fights their way to an industrial job and be a millionaire in 3 years.
it's not that it's fiction. it's just that these jobs are quite hard to get
Haha you have no idea. The problem is that there are many people who are just too passionate about research. I myself was super passionate about mathematical research. At that point I used to look down upon people earning more than 100k, as it seemed to me that they have sold themselves. Once I shifted to industry and started earning 250k, I felt that I was massively underpaid and should be earning over a million. I am sure I will still be miserable if they pay me a million.
A lot of fiction in this thread. It's always my classmate's friend's cousin got this and that offer. If industry is so great the academic job market would be empty. Everyone just fights their way to an industrial job and be a millionaire in 3 years.
I'm 28 now. I have really solid programming skills and in depth knowledge of real time big data programming. This idea that these quant firms are academically elitist isnt really true, they are skeptical of poor pedigrees, but at the end of the day quant finance is meritocratic$350k for someone with (presumably) 7 years of solid industry experience is a reasonable number, even slightly on the low side
$350k straight out of a PhD is a joke number that noone has ever been offered.
LJL
Citadel is offering 350k nowadays to undergrad
LOL at thinking glassdoor is accurate. And yes for a top PHD in ML 300k is the going rate in NYC. Same thing for Fb/GoogleBelieve whatever you like, but the FAANG companies have fairly rigid comp structures for technical people (eg the L4-L11 bands at Google) and the salaries are so well-known that its basically public domain at this point. Noone is getting $300k until they are leading a project/team, which normally requires a few years of experience.
I dont know where you are getting your information from, but its very incorrect. At least with Google/FB salaries it would be easy for you to correcr your misconceptions since the data is basically public.Look these companies are paying way more than you can imagine. A STANDARD offer for an engineer with 4-5 years of experience is 300k. For a top PHD it is also that. Fresh out of school in undergrad can be as high as 200k. Engineering managers at FB make 500k. People are paying exorbitant amounts of money for top programming talent, the business people in america scoff at this. The time is up for everyone but technical talent and the few who make it to the top of business.
Netflix pays 400-500k CASH for senior engineers.
Can confirm. I get a suitcase full every other Friday.
LOL at thinking glassdoor is accurate. And yes for a top PHD in ML 300k is the going rate in NYC. Same thing for Fb/GoogleBelieve whatever you like, but the FAANG companies have fairly rigid comp structures for technical people (eg the L4-L11 bands at Google) and the salaries are so well-known that its basically public domain at this point. Noone is getting $300k until they are leading a project/team, which normally requires a few years of experience.
I dont know where you are getting your information from, but its very incorrect. At least with Google/FB salaries it would be easy for you to correcr your misconceptions since the data is basically public.Look these companies are paying way more than you can imagine. A STANDARD offer for an engineer with 4-5 years of experience is 300k. For a top PHD it is also that. Fresh out of school in undergrad can be as high as 200k. Engineering managers at FB make 500k. People are paying exorbitant amounts of money for top programming talent, the business people in america scoff at this. The time is up for everyone but technical talent and the few who make it to the top of business.
Netflix pays 400-500k CASH for senior engineers.
These numbers are from two years ago.
An engineering manager at FB would expect to make 600k+ now
A senior engineering manager could approach 800k, and directors 1MM+
levels.fyi is your friend