I was feeling good about booking what I thought was a decently paid freelance gig.

Then I saw this headline “Citadel to pay $24000 a month to interns”

likefunny
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One industry generates wealth, the other makes gay whoppers.

funnylikeuplifting

Hahaha

Grass is always greener where it is watered

likehelpful

Thanks. It just depressed me that a career peak in our industry is entry-level pay in another

like

The university?

funny

What’s funny about asking the university. It’s more known about to the general public than a hedge fund.

PhD interns. These aren't even 23 year-olds who just finished an MBA.

funny

This doesn’t even make sense.

Come back to earth thread: they’re hiring a very few PhD level quants — about 5 of every 1000 applicants — who are able to work both sides of coding and algorithm street. Why so high? The folks who have creds and experience cost a fuck of a lot more than $200k+/year.

Translation: they’re hiring relatively cheap labor in hyper specialized skill sets. Get over it.

I mean… are you kidding? The sum is ridiculous, but “ridiculous” is subjective, and another conversation.

These aren’t some kids looking for something to do during the summer.

These are PhD quantitative researchers.

You convince other people that your imagination is worth money.

Come on now.

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