f*********0 发帖数: 32 | 1 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge
fund公司B的offer,职位是developer in the trading team。他们开出的offer是
total compensation $160K for the first year (including base and bonus), $25K
的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入
高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是
我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现
在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以
上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。 |
n******t 发帖数: 4406 | 2 有可能300K以上,也有可能直接挂掉。。。
hedge
25K
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
v**m 发帖数: 706 | 3 it is a good opportunity. go ahead. |
n*****3 发帖数: 1584 | 4 may I ask what the job is about; daily work? thanks.
hedge
25K
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
f*********0 发帖数: 32 | 5 HF的确不如IT公司稳定,但是挣的在average情况下会有猎头说的涨那么快吗?
【在 n******t 的大作中提到】 : 有可能300K以上,也有可能直接挂掉。。。 : : hedge : 25K
|
f*********0 发帖数: 32 | 6 It involves developing new and improving existing trading system for trading
various assets the HF manages.
【在 n*****3 的大作中提到】 : may I ask what the job is about; daily work? thanks. : : hedge : 25K
|
m****e 发帖数: 235 | 7 It is difficult to compare salary without comparing the cost of living.
The cost of living in CT is lower, so even though the offer is only 10%
higher then your current salary, when you put cost of living into
consideration, it really is an approximate 20% difference.
If you want maintain your current lifestyle and salary...best to stay in NYC
.
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
m****e 发帖数: 235 | 8 Oops...sorry, mis-read. Thought you mention offer was from CT.
NYC salary is normally 10% higher then most states. So inorder to make a
jump worth it, probably best to get an offer that is 20-25% higher then your
current salary. Just an opinion~
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
a***x 发帖数: 26368 | 9 俺不觉得俺背后的有挣那么多
trading
【在 f*********0 的大作中提到】 : It involves developing new and improving existing trading system for trading : various assets the HF manages.
|
n*****3 发帖数: 1584 | 10 living cost of greenwich ,ct is not cheap at all. if not higher...
NYC
【在 m****e 的大作中提到】 : It is difficult to compare salary without comparing the cost of living. : The cost of living in CT is lower, so even though the offer is only 10% : higher then your current salary, when you put cost of living into : consideration, it really is an approximate 20% difference. : If you want maintain your current lifestyle and salary...best to stay in NYC : .
|
|
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f*********0 发帖数: 32 | 11 那请问front office的engineer一般工作3-5年后能挣什么样的水平呢?
【在 a***x 的大作中提到】 : 俺不觉得俺背后的有挣那么多 : : trading
|
f*********0 发帖数: 32 | 12 sorry,maybe I didn't make it clear. I am in Seattle now, the offer is from
CT.
your
【在 m****e 的大作中提到】 : Oops...sorry, mis-read. Thought you mention offer was from CT. : NYC salary is normally 10% higher then most states. So inorder to make a : jump worth it, probably best to get an offer that is 20-25% higher then your : current salary. Just an opinion~
|
f*********0 发帖数: 32 | 13 Greenwich应该是在NYC和公司office的中间地段,我很有可能会在那里找房子,听你这
么说如果living cost不比NYC低,那肯定是比seattle要高了。
【在 n*****3 的大作中提到】 : living cost of greenwich ,ct is not cheap at all. if not higher... : : NYC
|
r*******m 发帖数: 109 | 14 with current environment, it's a huge risk working in financial industry,
you also need to get ready for tough competition going forward. The upside
is always there of course.
hedge
前收入
这已经是
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
f*********0 发帖数: 32 | 15 Yes, the risk and competition in financial industry is high. So in order
to better understand my opportunity cost, I really would like to know
what's the 3-5 year compensation increasing curve for a software engineer
in the front office. Hope some insiders could give suggestions.
industry,
upside
【在 r*******m 的大作中提到】 : with current environment, it's a huge risk working in financial industry, : you also need to get ready for tough competition going forward. The upside : is always there of course. : : hedge : 前收入 : 这已经是
|
r*******m 发帖数: 109 | 16 If you are really good programmer able to reach high frequency developer
level, you will be doing just fine as a programmer. Otherwise your future
will depends on whether you can switch to a quant/trader later on. 300k is
nothing a few years back but I don't know about this environment.
【在 f*********0 的大作中提到】 : Yes, the risk and competition in financial industry is high. So in order : to better understand my opportunity cost, I really would like to know : what's the 3-5 year compensation increasing curve for a software engineer : in the front office. Hope some insiders could give suggestions. : : industry, : upside
|
h****e 发帖数: 2125 | 17 if no green card, dont go.
hedge
前收入
这已经是
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
f*********0 发帖数: 32 | 18 that's a good point, my green card application is still pending...
【在 h****e 的大作中提到】 : if no green card, dont go. : : hedge : 前收入 : 这已经是
|
b*****i 发帖数: 262 | 19 "干上几年以后很快就能涨到$300K以上"——这种胡吹的事儿也能信?? |
C******2 发帖数: 24 | 20 my guess is you are deciding bw Bridgewater and Microsoft. you should think
about your chance of moving from a developer to a research which develops
trading strategies. This move doesnt happen very often unless your are
extremely savy about the market and knows how to communicate. Otherwise,
its like doing trading at microsoft - its never the core business. 160k is
not much for a hf, but dont expect too much from a IT position in a hf. if
you are an experienced front office quant, 300k-500k at big hf are pretty
common.
【在 b*****i 的大作中提到】 : "干上几年以后很快就能涨到$300K以上"——这种胡吹的事儿也能信??
|
|
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h*********n 发帖数: 915 | 21 So it seems staying with microsoft is better, considering the chance to move
to quant researcher / trader is slim?
think
is
if
【在 C******2 的大作中提到】 : my guess is you are deciding bw Bridgewater and Microsoft. you should think : about your chance of moving from a developer to a research which develops : trading strategies. This move doesnt happen very often unless your are : extremely savy about the market and knows how to communicate. Otherwise, : its like doing trading at microsoft - its never the core business. 160k is : not much for a hf, but dont expect too much from a IT position in a hf. if : you are an experienced front office quant, 300k-500k at big hf are pretty : common.
|
m*****r 发帖数: 280 | 22 HF工作辛苦,有很严重的圈子,失业率高。如果你非常善于人际,非常努力,运气好,
换工作勤,是不错的起点。30万还远,没有人际,给你不可能。奖金一般不算一起,年
不好,一分没有。工资10万到20万到失业到10万很多,和股市一样。Good luck.
★ Sent from iPhone App: iReader Mitbbs Lite 7.20 |
r*******g 发帖数: 108 | 23 mostly good points.
why 人际?
【在 m*****r 的大作中提到】 : HF工作辛苦,有很严重的圈子,失业率高。如果你非常善于人际,非常努力,运气好, : 换工作勤,是不错的起点。30万还远,没有人际,给你不可能。奖金一般不算一起,年 : 不好,一分没有。工资10万到20万到失业到10万很多,和股市一样。Good luck. : ★ Sent from iPhone App: iReader Mitbbs Lite 7.20
|
m*p 发帖数: 1331 | 24 definitely leave the bullshit msft meeting company. save you life for better
goals. |
G*********e 发帖数: 614 | 25 why? 微软对人类贡献不是挺大的吗?
better
【在 m*p 的大作中提到】 : definitely leave the bullshit msft meeting company. save you life for better : goals.
|
h*********n 发帖数: 915 | 26 what does "meeting company" mean?
i think lz wants to leave. but the question is if the new place is better or
worse.
better
【在 m*p 的大作中提到】 : definitely leave the bullshit msft meeting company. save you life for better : goals.
|
o*******0 发帖数: 699 | 27 你在微软一年挣14万以上,才三年经验,那急着跳啥?
move
【在 h*********n 的大作中提到】 : So it seems staying with microsoft is better, considering the chance to move : to quant researcher / trader is slim? : : think : is : if
|
a***x 发帖数: 26368 | 28 是啊,尤其是对老年人的贡献尤其大。股沟正在想这个方向努力。
【在 G*********e 的大作中提到】 : why? 微软对人类贡献不是挺大的吗? : : better
|
D*******a 发帖数: 3688 | 29 stay at MSFT if you cannot get to facebook, google etc.
hedge
前收入
这已经是
【在 f*********0 的大作中提到】 : 我目前在西岸一家IT公司M上班,已经有三年多的工作经验。上周刚拿到NYC一个hedge : fund公司B的offer,职位是developer in the trading team。他们开出的offer是 : total compensation $160K for the first year (including base and bonus), $25K : 的sign up bonus for relocation。感觉这个offer不是很理想,因为只比我目前收入 : 高10%左右,而NYC的生活消费要高很多(尽管公司office是在Connecticut)。这已经是 : 我negotiate过一轮之后他们开出的条件了,但猎头一直在动员(或者是忽悠)我说,现 : 在的IB和HF的offer都是这样,虽然开始工资不高,干上几年以后很快就能涨到$300K以 : 上。所以想请教有经验的朋友给点参考建议,先谢谢了啊。
|
h****e 发帖数: 2125 | 30 if its BridgeWater then forget about it, they have cut-throat culture...
think
is
if
【在 C******2 的大作中提到】 : my guess is you are deciding bw Bridgewater and Microsoft. you should think : about your chance of moving from a developer to a research which develops : trading strategies. This move doesnt happen very often unless your are : extremely savy about the market and knows how to communicate. Otherwise, : its like doing trading at microsoft - its never the core business. 160k is : not much for a hf, but dont expect too much from a IT position in a hf. if : you are an experienced front office quant, 300k-500k at big hf are pretty : common.
|
|
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m*p 发帖数: 1331 | 31 贡献了一堆浪费生命的meeting
【在 G*********e 的大作中提到】 : why? 微软对人类贡献不是挺大的吗? : : better
|
h*********n 发帖数: 915 | 32 it seems every hf discussed in this board has a tough culture: bridgewater,
worldquant, two sigma...
is there any hf good to work for?
【在 h****e 的大作中提到】 : if its BridgeWater then forget about it, they have cut-throat culture... : : think : is : if
|
C******2 发帖数: 24 | 33 heavyburden, there is nothing wrong with the cultures at bridgewater and to
the contrary their stated principals are quite reasonable. Companies have
their own cultures and for your level you would just need to adjust - it's
part of interpersonal skills. The nature of your job, as I said before,
should be your main concern. Write to me personally if you want to talk on
the phone and if Bridgewater is where you are going. I can give you more
details. |
f*********0 发帖数: 32 | 34 I see, so you mean one would expect higher increasing rate of income by
working on developing the actual high frequency trading system, instead of
the IT department, if staying as a developer role?
I am tired of headhunter keeping telling me "top developers make much more
than average quants in the HF". For average developers, I guess it's
unrealistic to expect income to go over 300k in only 3-5 year, right?
How hard is it for a developer to switch to a quant role later on? Thanks.
【在 r*******m 的大作中提到】 : If you are really good programmer able to reach high frequency developer : level, you will be doing just fine as a programmer. Otherwise your future : will depends on whether you can switch to a quant/trader later on. 300k is : nothing a few years back but I don't know about this environment.
|
h*********n 发帖数: 915 | 35 what i hear is that programming skills and strength are much more critical
for hft. in that case even developer could be a core role.
the rule of thumb is the more important the role to generate money, the
bigger paycheck it gets.
on the other hand, it seems very hard to switch from it track (data/execution specialist and quant developer) to trading track (quant researcher and trader).
【在 f*********0 的大作中提到】 : I see, so you mean one would expect higher increasing rate of income by : working on developing the actual high frequency trading system, instead of : the IT department, if staying as a developer role? : I am tired of headhunter keeping telling me "top developers make much more : than average quants in the HF". For average developers, I guess it's : unrealistic to expect income to go over 300k in only 3-5 year, right? : How hard is it for a developer to switch to a quant role later on? Thanks.
|
f*********0 发帖数: 32 | 36 :-) That's right. I never believed the headhunter who said I could certainly
move to the research department once I joined and got more experience in
the firm. It must be very competitive as you mentioned and requires to be
strong with mathematics?
Will I have chances to get deep understanding about the market in daily dev
work? I guess probably not enough, and I would need to seek opportunities by
myself to learn it either at work or in my spare time?
A few of you also mentioned good communications are also important. Is that
just about communicating well with people about your trading strategies, or
it also means office relationships and politics?
think
is
if
【在 C******2 的大作中提到】 : my guess is you are deciding bw Bridgewater and Microsoft. you should think : about your chance of moving from a developer to a research which develops : trading strategies. This move doesnt happen very often unless your are : extremely savy about the market and knows how to communicate. Otherwise, : its like doing trading at microsoft - its never the core business. 160k is : not much for a hf, but dont expect too much from a IT position in a hf. if : you are an experienced front office quant, 300k-500k at big hf are pretty : common.
|
f*********0 发帖数: 32 | 37 辛苦是肯定的。但很多人都提到了这个人际圈子的问题,为什么人际那么重要呢,指的
是公司内部的关系(比如能不能和老板混得比较铁),还是指在整个业界里的人际(比
如善于获得小道消息,或者善于跳槽)。
【在 m*****r 的大作中提到】 : HF工作辛苦,有很严重的圈子,失业率高。如果你非常善于人际,非常努力,运气好, : 换工作勤,是不错的起点。30万还远,没有人际,给你不可能。奖金一般不算一起,年 : 不好,一分没有。工资10万到20万到失业到10万很多,和股市一样。Good luck. : ★ Sent from iPhone App: iReader Mitbbs Lite 7.20
|
f*********0 发帖数: 32 | 38 今年微软不是集体涨工资了吗,而且我说的这14万包括base,bonus和stock的。
【在 o*******0 的大作中提到】 : 你在微软一年挣14万以上,才三年经验,那急着跳啥? : : move
|
f*********0 发帖数: 32 | 39 是打算离开的本来想换一个新的领域,所以才先试了试HF的公司,但是拿到offer之后
仔细比较一下才觉得opportunity cost好像挺高(starting pay not very attractive,
and the future seems not to be always that bright).
【在 D*******a 的大作中提到】 : stay at MSFT if you cannot get to facebook, google etc. : : hedge : 前收入 : 这已经是
|
f*********0 发帖数: 32 | 40 你是指他们的竞争很激烈吗?我也听说他们里面很多都是干不满3年就走人了。
【在 h****e 的大作中提到】 : if its BridgeWater then forget about it, they have cut-throat culture... : : think : is : if
|
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h*********n 发帖数: 915 | 41 as to jump out, you may want to look at their non-competition agreement
first.
【在 f*********0 的大作中提到】 : 你是指他们的竞争很激烈吗?我也听说他们里面很多都是干不满3年就走人了。
|
o*******0 发帖数: 699 | 42 如果你真的只有三年经验,不是超牛博士的话,14万很高了.比康州16万要好.
不过千万别是小呼悠一下.他们查起来比GPA还容易.
【在 f*********0 的大作中提到】 : 今年微软不是集体涨工资了吗,而且我说的这14万包括base,bonus和stock的。
|
m********l 发帖数: 4394 | 43 what's the base then?
level?
【在 f*********0 的大作中提到】 : 今年微软不是集体涨工资了吗,而且我说的这14万包括base,bonus和stock的。
|
f*********0 发帖数: 32 | 44 they haven't given me the non-competition agreement. what does it usually
say?
【在 h*********n 的大作中提到】 : as to jump out, you may want to look at their non-competition agreement : first.
|
f****u 发帖数: 70 | |
h*********n 发帖数: 915 | 46 or two. it is said some even require 3-yr.
also the "competitor" definition could be broad.
【在 f****u 的大作中提到】 : 一年之内不能跳槽同行业。。。
|
f*********0 发帖数: 32 | 47 that's annoying, I assume the 3-yr period is counted starting from your
first day joining the company, not leaving the company, right?
【在 h*********n 的大作中提到】 : or two. it is said some even require 3-yr. : also the "competitor" definition could be broad.
|
a***x 发帖数: 26368 | 48 还没见过这样的
【在 f*********0 的大作中提到】 : that's annoying, I assume the 3-yr period is counted starting from your : first day joining the company, not leaving the company, right?
|
w*********7 发帖数: 143 | 49 和诸位大牛相比。
我显得那么无知和幸运。
傻人有傻福。 |
h****e 发帖数: 2125 | 50 stop daydreaming...
【在 f*********0 的大作中提到】 : that's annoying, I assume the 3-yr period is counted starting from your : first day joining the company, not leaving the company, right?
|
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h*********n 发帖数: 915 | 51 2-yr from your departure.
it is very sweet, isn't it?
【在 f*********0 的大作中提到】 : that's annoying, I assume the 3-yr period is counted starting from your : first day joining the company, not leaving the company, right?
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f*********0 发帖数: 32 | 52 that's so lame...... I am wondering what people do in these 2 years if they
really want to get out of that company.
【在 h*********n 的大作中提到】 : 2-yr from your departure. : it is very sweet, isn't it?
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h*********n 发帖数: 915 | 53 1. another hf. this is the best case, assuming the current hf doesn't exercise
its option.
2. back to it industry. hf has no competition with google, facebook. so you'
ll be fine.
3. sit home. you get base but no bonus. but i'm not sure you still are considered as employee. h1b may have problems.
someone here says 1 is rare for junior. but it is also said the agreement
will make your new job hunting in financial industry hard, as the new
company is unwilling to take risks.
so if the job market is bad, it's a big negative factor. i am guessing that'
s why head hunters want to lobby engineers in it industry to join hf: these
candidates have a clean record.
they
【在 f*********0 的大作中提到】 : that's so lame...... I am wondering what people do in these 2 years if they : really want to get out of that company.
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s******e 发帖数: 1751 | 54 indeed if you are referring to Bridgewater, I can shed some light. send me a
private message. |
EM 发帖数: 715 | 55 regarding 3, as long as the former employer pays the base salary, h1-b is
retained.
exercise
you'
considered as employee. h1b may have problems.
that'
these
【在 h*********n 的大作中提到】 : 1. another hf. this is the best case, assuming the current hf doesn't exercise : its option. : 2. back to it industry. hf has no competition with google, facebook. so you' : ll be fine. : 3. sit home. you get base but no bonus. but i'm not sure you still are considered as employee. h1b may have problems. : someone here says 1 is rare for junior. but it is also said the agreement : will make your new job hunting in financial industry hard, as the new : company is unwilling to take risks. : so if the job market is bad, it's a big negative factor. i am guessing that' : s why head hunters want to lobby engineers in it industry to join hf: these
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h*********n 发帖数: 915 | 56 so you are still its employee?
how about the pending gc?
【在 EM 的大作中提到】 : regarding 3, as long as the former employer pays the base salary, h1-b is : retained. : : exercise : you' : considered as employee. h1b may have problems. : that' : these
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EM 发帖数: 715 | 57 not sure about that...
【在 h*********n 的大作中提到】 : so you are still its employee? : how about the pending gc?
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h*********n 发帖数: 915 | 58 anyway, nca is certainly a risk. the only unknown is how serious it could be.
【在 EM 的大作中提到】 : not sure about that...
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T*******r 发帖数: 65 | 59 I don't post here often -- but here's two cents from someone who worked in
hedgefund industry for several years:
The first question LZ should ask is what's his goal.
Is it:
1) To have a comfortable living in the very short term (first year salary)?
If comfort is his highest priority, he should NOT choose hedgefunds,
because they're rough.
2) Is his goal is to be challenged, learn as much as he can, acquire
knowledge and thinking process so that he can make himself great in the
future? Then I recommend him picking the hedgefund.
Overall, I wouldn't make such an important decision based on money,
especially if it's 10, 20k difference (unless he really need the money badly
).
Finally, the non-compete agreement is not a detail, but in my humble opinion
, it's not a big picture thing either. |