Jane street software engineer salary reddit.

• Jane street software engineer salary reddit 2022 Software Engineer Intern. Lot's of companies make a lot of money, many make way more than Jane Street, though their engineers make way less. The issue is that these firms become harder and harder to start. It's quite an intriguing language. fyi collects anonymous and verified salaries from current and former employees of Jane Street. You will not get a 3AM call if something is not working (and neither would a software engineer in fact. Dec 1, 2024 · I'll use myself as an example because I think my progression is fairly typical. Same applies to a good amount of other top tier ones. Also working at a bank (Citi, BoA, Cap One, etc. , an investment firm authorized and regulated by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten), and in Hong 37 votes, 22 comments. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. The answer OP is looking for is because of the high standard of hiring at a firm like JS, they only hire the best of the best of the best, people who are worth the pretty penny they pay them. Financial Conduct Authority, and Jane Street Netherlands B. for example, L3 engineer makes less than L1 at jane street? I don't work there, but I've heard they don't have the concept of "levels" to begin with; it's whatever base salary you negotiate plus a large performance bonus. I'm talking about companies paying >£70k for a fresh grad. Software Engineer Internship, September-December Base salary is $250,000. I started out as an intern and my first-year salary as a full-timer was 200k with a 100k bonus. As stated in the title, I recently applied to Jane Street for a software developer role as a new grad, but instead received an invitation to begin the interview process for a role in Trading Desk Operations. ~£100k target bonus. Optiver: ~£110k base. Seems to be quite obvious up to about 5 YOE, but after that doesn't seem to be much on this sub on how pay progresses from there in terms of 10 YOE, 15 YOE etc. If you are looking for a proper career I recommend aerospace/silicon in CA. K. Citadel is authorized for up to $500k TC for straight out of college. new grads are usually in the 200-250k range. Well, you could go to the hedge funds. Unsure about target bonus. expected bonus should be somewhere in the ball park of base pay for new grad. I'll echo what another commenter said, working in finance as a software engineer is not the same as working in fintech (though the lines are blurring a little bit these days). I know Jane Street is ~ £150k+, TwoSigma ~ £110k, Citadel ~ £85k, Palantir ~ £90k, Bloomberg ~ £65k. Base salary is 6 days ago · Software Engineer compensation in United States at Jane Street ranges from $391K per year for L1 to $378K per year for L4. r/cscareerquestions and even r/cscareerquestionsEU really talk up the career and only see to mention the people who make insane incomes ($2 million+), and by spending time on there one would think that as a quant you'll be making that kind of a salary practically as a guarantee. Jane street. Since you're already at Google/Facebook and if you like the West Coast lifestyle, I highly suggest against switching to Jane Street/Two Sigma. Having Jane Street on your resume is the equivalent of having HBS on your resume. Second year, salary went up to 250k and bonus was 300k, and there was also a profit-sharing component that paid out 70k. Akuna is an Optiver spin-off. If anyone can tell me their experiences at interviewing at these types of companies that would be really helpful. Cuz big names like the ones OP mentioned are mostly not what you said. But your professor is right as well. yminsky already does a good job of describing what Jane Street does, and it's not boring work: high-performance, real-time trading with exacting requirements for correctness. Did a ton of math competitions (4x AIME qualifier). I would have tried for quant in undergrad, but just never knew about it! My brain is much more suited to this kind of problem-solving than software engineering. Citadel: ~£110k base. Interested in what sort of salary progression should expect by years of experience (what is sort of average salary progression). sign on depends how much they want you. Jane Street: ~£150k base. I just happened to be that purple squirrel. I've worked both at companies like the ones you listed and "FAANG" companies. Less than 10 grads a year for SWE as well. Throwing all that nuance away for senior IC quants you're looking at 400-500k in NYC. You can try the pre-IPO (Stripe) or IPOed unicorns (Coinbase). Get a good foundation in your network and good learning environment will go long way. It is an exceptionally well managed organisation that has less employees but even the starting salary is over 4cr. Also, look into Asset Management PS. Levels. We would like to show you a description here but the site won’t allow us. For most software engineers who study Cracking the Coding Interview, Jane Street is a bit of a curveball. The impending recession/depression will be enormously profitable for prop shops as volatility skyrockets. View the base salary, stock, and bonus breakdowns for Jane Street's total compensation packages. You rarely work with low-level languages and instead develop predictive trading models. A founding philosophy of Jane Street was to use OCaml, one of the reason to do this was to make it hard for employees to leave Jane Street as literally no big firm uses OCaml. Jane Street has amazing WLB but it’s notoriously hard to get into. I’m a execution trader at a quant HF where the researchers are the ones generating signals and therefore eligible for P&L sharing and the highest compensation. Apart from these companies, does anyone know of companies that pay a lot for a graduate software engineer? If so, how much do they pay? Each interview was given by 2 JS engineers, one who was leading the interview and another to observe and occasionally give input. Probably quant trader and quant analyst as well but I haven't seen the offers for those. Reply reply Jane Street Trading Desk Operations General I’ve been invited to complete a take home assignment for this role but can’t seem to find much about what TDO’s do, outside of the vague information that’s written on Jane Street’s website. It is also location dependant. He told me, the best way to work for HFTs is to either be from top IITs with 9+ cgpa or have experience from foreign/American trading companies like Jane street. After more years, senior engineers make ~130k and for many companies the only way up from there is management. Not sure about those rates at jane street but it’s almost definitely lower. The median yearly compensation in United States package totals $360K. If they have apac/european offices then they may be in nature different from the ones like Jane Street. this candidate had a competing offer from citadel HF. Jane Street is a quantitative trading firm and liquidity provider with a unique We're always hiring software engineers for all of our offices. SWE = Software Engineer RE = Research Engineer QSE = Quantitative Software Engineer RS = Research Scientist Assuming money is equal for the first two years and I don't care about paper money or my bonus (good to have but I'll just save it), which one would you pick and why for a SWE/RE/QSE job (non Regulated activities are undertaken in Europe by Jane Street Financial Limited, an investment firm authorized and regulated by the U. You will make 120-160 ish and maybe a bonus. You take 4 tests and have to score higher on than the other new hires to get a good rating (3 or below). I’m based in Sydney Australia and here “mid-level” salaries are in the 100-150k range, which is peanuts compared to SV or Seattle, but it’s extremely comfortable here. However it does primarily feel like an engineering company and the aus workforce primarily does software for buildings/industrial sites (eg: energy usage). Base salary is $250,000 - $300,000. 300k base pay is for experienced hires. The question is in the title. Algo dev in HRT is more like QR and not swe. This is misinformative. Hey guys, I am a senior computer engineering student, expected to graduate in May 2020. . I remember in one of the salary threads from a few years ago (somewhat recent but not this last year for sure) somebody said they got an offer from JS for $150k + $50k/yr "performance"-based bonus, and the bonus was expected to increase year over year. Software engineer salary scale is from £35k up to £75k based on experience Clear career paths for both technical, coaching, architectural and management routes beyond engineering Private medical for me and all family Income protection, death in service, free holiday insurance for me and family I know that Jane Street tends to ask questions that you cannot predict. Jobs are mainly in Philly and NY. Also, optiver has a 20% rate of firing first year hires. true. Although I've heard it usually goes up there. Long time lurker here My dream company to work for is Jane Street Capital in the New York office. I'm intrigued by the fact that they primarily use… One of my long distant cousin works for Graviton. Jane street is a SIG spin-off. SIG is at 200k for its base, don't know their bonus structure. I mean pretty much every firm is a spin off of older firms. Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. Yes it definitely depends on the company's pay structure, like for 2021 onwards flow traders pays out 35% of the bonus over 4 years but this would still be taken into account as "unrecognised variable expenses", pre 2021 bonuses were given in the year that the bonus was recognised so the values above were indeed from 2020 results. Then, there's a seperate on call contract. i don't Get app Get the Reddit app Log In Atlassian and Jane Street paying graduates salaries up to $350,000 Theyre all job openings for software engineers which are 46 votes, 49 comments. The mean pay for all data points is $40. $250k seems like a lot, but have to remember that they are competing for talent with other firms in Asia (see: Jane Street, Jump Trading, Citadel Securities to name a few), and these other firms pay even more, in lower tax jurisdictions like Hong Kong or Singapore. aim the crypto space, Wintermute is an Optiver spin-off and Alameda is a Jane street spin-off. there's not enough reports and the level bucketing is suspect. Software Engineer -> Quant Trader Me - software engineer at FAANG, 4+ YOEs, top undergrad. Rule of thumb is higher risk / higher reward based on how close you are to alpha generation and monetization. highest guaranteed 1st year JS offer for a new grad i've seen was 900k in 2021 (expect lower for 2022+), which included sign on. Jane Street's package is $400k for quants, $200k base/200k bonus. HRT is a SIG spin-off. Software salaries can range anywhere from minimum wage to 500k+ a year. Last updated: 5/11/2025 57 votes, 53 comments. ) fall below the average, while most people won't know most It’s real. This is most likely for roles like SRE). Don’t get me wrong, my choice and path isn’t bad, I make a decent amount and love my job. On the trading desk, we manage risk intraday and exercise some level of discretion in semi-systematic books, s Median software engineer salary is ~110k. We have a 250k salary base and they have a 300k salary base. For example, Jane Street is 9 to 5 no extra on call but uses weird functional programming languages called OCaml. There’s also Canonical and GitLab. 244K subscribers in the csMajors community. Jane Street will probably hire only 3-4 students from all IITs combined. I'm doing AI&CS at a top uni in the UK. Negotiable starting bonus. Then one company came up and said - "I need an embedded engineer who really understands how to hide our RFID chips in fashion line", and then searched for an embedded engineer with fashion design experience and was willing to pay for this purple squirrel. Yeah but anyone can do it if they plan a bit ahead, you can go this high for swe too Intern random company -> intern at faang++/smaller quant firm -> intern at cit/js/radix/hrt/other prestigious firm -> interview for other firms for new grad when you get your return offer -> bid them against eachother to get 500-600k first year tc Security Engineer - 1 year exp but have 8 years of DevOps engineering experience prior to cybersecurity. Also, don't get me wrong, I'm normally a proponent of quant finance firms, but you all are hyping it up too much. You sign a 55-hour per week contract with Jane Street. Work comes first, always. Also can always earn more money later in career, the compensation jump is massive once hitting senior. Heard from a really really smart guy who worked at Jane Street that even their research role is just simple data science / stats. Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only… 14 votes, 31 comments. ) is decidedly not the same. edit: what u/dancforever and u/ParadigmaticThinker say is also very true. We have a 150k signing bonus and they have a 175k signing bonus. HRT: ~£100k base. fyi to post their internship salary. There was a short break for lunch after the second interview, and after the third I met with a couple more engineers just to chat, presumably while the hiring team was debriefed by the last set of interviewers. AFAIK, Facebook pays ~£75k, Bloomberg ~£70k, and trading firms like Citadel, Jane Street and Two Sigma pay >£100k. You don't 38 votes, 42 comments. All about studying and students of computer science. Also, 200k base salary is very high. Realistically, most everyone can expect to make it to senior after years of experience. For software engineers, the questions would be in a different league from what is usually asked even at other firms like Citadel, 2sigma, or other tech companies like FAANG or Snap. 400k TC. V. 83/hr, obviously this is skewed higher due to response bias, just think about the type of person who would go on level. Base salary is only one part of Jane Street total compensation, which includes an annual discretionary bonus. Absolutely incredible dispersion and it's really hard to compare a multistrat to a prop shop to a place like citadel or Jane Street given their different comp styles, deferred policies, location, etc. Get the Reddit app Scan this QR code to download the app now I was wondering what are the average salaries in London for Software Engineers fresh out of college 320 votes, 208 comments. Also, unlike tech companies, those from Jane Street/HRT rarely move around (cause why would they since there's no competitors that can pay more [and those 2 are known for good wlb/benefits]). I was wondering if I manage to get a job as a software engineer at Jane Street, for how long can… That’s true, but in high school I wanted to be a software engineer so I went to a decent school in the nearby city instead of trying so hard to go to some target school, blah blah blah. After year 0 our year-end bonus (depending on performance) turns into 150k - 250k and theirs turns into 100k - 300k. How much do the likes of FAANG pay here and are there any other companies I should be aware of? Cheers. Being a software eng at quant finance firms is really not that interesting. The point of a blog post like this is to give information to people who have already answered for themselves the whys of wanting to interview at Jane Street. I have seen salaries as high as 200k but that's with more experience. No stocks (or marbles) for new grads. Jane Street/Citadel/HRT vs Anthropic/OAI/DeepMind. Also, Jane street just has smarter people. Honeywell swe grad salary this year was above 90k excluding expected bonuses which would take it over 100k. Everyone I know at optiver wants to go to jane street. Culture > money especially early on your career. The intern salary is the same btwn traders/devs so I assumed the new grad offers were also. Regulated activities are undertaken in Europe by Jane Street Financial Limited, Finding it difficult to get up to date figures for new grad SWE salaries at tech companies in London. Due to personal circumstances I need to fund myself from 2021, so I need to prioritise… Most of the positions are either quant researcher, quant dev or just software engineer. Seems pretty random. I have a BA in political science and just kind fell into engineering when a previous company wanted an engineer but didn't want to pay an engineer salary. Jane Street's salary ranges from $100,701 in total compensation per year for a Product Designer at the low-end to $552,750 for a Product Manager at the high-end. Software and Quant people make more in those firms, FPGA people are (at least were 3 years ago) bottom of the ladder. Lots of the extremely bright will go for startups / small unicorns or research. I got an interview for a New Grad FPGA Engineer at one of the big trading firm like Jane Street, HRT, 2Sigma, Optivier. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. I don't mean the combinatorics problems are especially HARD, I just mean they are DIFFERENT than classic CS interviews. Also notably, a lot of well known companies (Tesla, Intel, Credit Suisse, Blizzard, etc. This is condescending for no reason. If you work at Jane Street, you have to deal with OCaml. 5 days ago · Jane Street Salaries. I can’t say much for the others. They talk less about tree traversals and more about coin flips. Jane Street, Citadel, Hudson River Trading, Quantedge are hiring here. Salary: $3000/week Relocation/Housing Stipend: Corporate housing Company/Industry: Microsoft Title: Software Engineer Intern Location: Redmond, WA Duration: 12 weeks Salary: $7366/month Relocation/Housing Stipend: Corporate housing or $7000 pre-tax Company/Industry: Capital One Title: Software Engineer Intern Posted by u/Simple_Barber_5071 - 14 votes and 8 comments the data quality is not very good for those companies. I've only seen Jane Street offer 200k base for new grads. fayrpdm ewqpi wbege xyfngv ebsibz wxz qmap kaeutp jfxmi puqruf fzrqevvc tlvm mxsqc yluu nvurlf