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Hi fishes,
I am planning a switch so was going through some salary data for a software engineer. My ex-senior manager recommended me a website: Growceed.com which helped me a lot in getting clarification about a lot of things but I am in doubt whether the average salaries of software engineer mentioned on Growceed.com really that much in top MNC companies.
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Hey Guys,
A samaritan is creating a dashboard for us to help understand the market standards for your skillset and help us to realize if we are underpaid!? And this helps us to negotiate as well
Share your responses here..
Suggestions are welcome.. Will update dashboard link in the below page itself ☺
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https://docs.google.com/forms/d/e/1FAIpQLSdRBRC8b5J2DAPR33xmhnUxEX40UsPTvQVfN3r
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This isn’t getting any replies so I’ll take a stab at it - I have some experience in prop shops/non-bank market makers.
PnL definitely needed to at least cover any tech/operational outlay. If you had a strategy that needed tons of borrow, swap financing, expensive data feeds, colocation at exchange etc., you had to pay for it out of your own PnL, and if you couldn’t even do that then it was a non starter.
On top of that, we weren’t too picky about PnL but more so about the combination of Sharpe/drawdown/PnL. I’ve seen some high Sharpe strategies that didn’t have a huge dollar amount of PnL, but that we kept around because they were reliable. Alternatively I’ve seen some strategies that have been cut after a couple of weeks of drawdown and low short-term SR.
I would say not to focus on the specific dollar amount or even percentage, and look at the bigger picture. Also look at PnL made by other strategies in the same geographic region, asset class, holding periods, and use that as a benchmark.