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Where is the lie
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How often do you change jobs?
Roth 401k or regular 401k?
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Where is the lie
How often do you change jobs?
Roth 401k or regular 401k?
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Chief
They only hire the best of the best CS/math/stats students. My buddy from college who went to Citadel made just over $300K his first year
Pro
Mess up once, you’re done. You could have a phenomenal year (make 7 figs) and then get fired the next year.
Looking back, I wish I had done it. I had an offer, but they didn’t sponsor visas... so I took the safe / boring route.
Yes it's highly lucrative, I know folks with 350k offers as new college grad. However unlike consulting you can't bullshit your way into a job. You actually have to be good at Math and CS
Yes, though maybe not $500K from the get go. It’s a lucrative job with high barrier to entry - brilliant friends majoring in math/CS generally went into it. But can have high burnout rates (you either love it or you don’t).
Rising Star
Harvard Stanford MIT CS grads usually.
Most don’t even care about schools. They’ll send everyone who applies an incredibly hard assessment that even with Google you won’t figure out. Then they just interview the .1% that passes... which is a pretty fair system
Pro
Yes, but only during years when stock market is doing good. Nevertheless, it’s good amount of money to make. It’s difficult to survive lifestyle with insane work pressure. Top MBA/Quantitative degree is always a requirement.
"only during years when stock market is doing good" DEFINITELY not true. Stock market can tank but a trading firm/desk can absolutely make a killing.
Pro
A small correction here. I believe CS folks don’t go to Trader positions. They are quant developers/researchers. Traders are usually finance folks.
A lot of CS folks become traders but there is a difference between people who Trade and people who create infrastructure and/or implement algorithms
Yes usually these folks have a PhD
Yes, but I’ve literally seen people get cut from places like Citadel (not really algo quant but still) in 4 months
Do I have a shot at getting into this.
Standford grad - information technology major
No MBA
1 year out
In a tech consulting role right now.
ITM - information technology management