bearmf

5 ms·

1.
by bearmf 13y ago
But it is obviously Harlem and not what people usually mean by "in Manhattan"
2.
by bearmf 13y ago
If you majored in something quantitative there is just no need to take CS courses in a traditional college format. Online courses are on the same level or better if you can study by yourself and know enough math.
3.
by bearmf 13y ago
No idea about parent's background but in my experience those jobs are almost impossible to get if you are not already "inside". HFT is probably the most competitive part of finance for software engineers and the market is not expanding anym
4.
by bearmf 13y ago
I really don't get why you consider 30 old or even near that. In my opinion it is a good time to do some self education, maybe change careers because many people don't realize what they really want until 30 or so. "Industry expert" on the
5.
by bearmf 13y ago
300k for 40 hours a week in quant finance after 5 years in Boston? You are very lucky indeed. Most people don't make this much after 5 years in New York and usually work much more.
6.
by bearmf 13y ago
Sounds hard :)
7.
by bearmf 13y ago
> It's really not hard to make $300k/yr Disagree. If you have an easy recipe feel free to share :). You have to be a front office VP to be guaranteed this kind of money. Aleynikov made 400k as a senior VP working on HFT infrastructure a
8.
by bearmf 13y ago
Ah, I am sorry then. 200-250k is what I hear mid-level people at Google make.
9.
by bearmf 13y ago
"Practically guaranteed" nowadays means about 70% probability in finance :). There are almost no hard guarantees anymore.
10.
by bearmf 13y ago
But 230k is very different from 400k that lefthander supposedly makes.
11.
by bearmf 13y ago
This comment makes it hard to believe you. Google has not been known to pay half a million dollars to regular people. And no one in their right mind would call that salary low, except maybe a spoiled Wall St banker.
12.
by bearmf 13y ago
400k is not typical at Google at all.
13.
by bearmf 13y ago
Confidence intervals are inherently confusing. I have yet to hear a definition that is both correct and easily understood and remembered.
14.
by bearmf 13y ago
I feel this would be quite confusing for an average programmer. It is more like a cheat sheet for people who have some statistical training but always have to look the formulas up because they don't use them frequently enough. For an averag
15.
by bearmf 13y ago
Well, I know several software engineers with kids in NYC. Some live in NJ, some live in Brooklyn, some live in Manhattan. In fact, among married immigrants almost everyone has at least one kid after 30. Often mother does not work or works p
16.
by bearmf 13y ago
> Second, at least in New York or the Bay Area, no programmer gets to raise kids. Now you are getting carried away :).
17.
by bearmf 13y ago
Because it is impossible to have children without a car. Right!
18.
by bearmf 13y ago
http://www.thamesreach.org.uk/news-and-views/homelessness-fa... "A mixture of street counts and estimates indicated 557 people slept rough on any one night in London 5,678 different people slept rough over a year in London (April 1 2011-M
19.
by bearmf 13y ago
There are plenty of people sleeping on park benches in Europe, especially in large cities like London and Paris.
20.
by bearmf 13y ago
> exercise to write a function which returns a boolean in > response to the question of whether sequence A is a sub- > sequence of sequence B. If you can't solve this really fast it means you haven't practiced enough for the int
21.
by bearmf 13y ago
So what was the offer like? 2x Intel?
22.
by bearmf 13y ago
Yes but PhDs tend to be better on average than MFE graduates. If a fund has its choice of PhDs (which is the situation now) there is not much reason to hire someone with only a masters, except if she has some crazy skills.
23.
by bearmf 13y ago
Well, total compensation, say at Google, can be around 200k for senior guys. A lot of people in finance are making less than that and so people do leave for software jobs. As I have said before, really huge compensation levels in finance ex
24.
by bearmf 13y ago
Fresh out of school.
25.
by bearmf 13y ago
Which companies can pay someone fresh out of school 150-200k base? Maybe DE Shaw, RenTech, a handful of other large funds. Banks just don't do it.
26.
by bearmf 13y ago
Around 100k base for people without experience. Around 150k base for VP level (~5 years of experience). Bonus is highly variable (20-100% of base is typical).
27.
by bearmf 13y ago
I get a feeling that people somehow do not want to believe that quant finance is in very bad shape right now. It is very hard to get a job, especially without experience. Salaries are not growing, might be even decreasing. Starting base sal
28.
by bearmf 13y ago
No one without experience will command a $150k base, let alone $200k. These are VP-level base salaries.
29.
by bearmf 13y ago
I am pretty sure that most men do not negotiate salary either. It is hard to believe that a significant percentage of pay gap between sexes is determined by negotiation skills. And the whole "don't take the first offer" thing is just silly,
30.
by bearmf 13y ago
It might be true if you are talking about market makers that have an advantage over other participants due to regulations. However nowadays market making on liquid instruments is almost equivalent to high frequency trading. The tail risk mi

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