From eFinancial Careers, December 19:
OpenAI might be paying exorbitant fees to poach quants and traders from prop trading firms, but it's a different story when it comes to engineering talent. Levels.fyi has released its annual compensation report which shows that the two best companies for entry-level engineering roles are Hudson River Trading and Jane Street.
Jane Street has historically won in this category but, this year, Hudson River took the crown. It bumped up pay to an eye-watering $400k on average, while Jane Street stayed flat at $350k. 3rd place OpenAI, in comparison, paid just $300k.
Five of the top 7 firms for level-1 engineers were finance firms in one way or another. Quant hedge fund Two Sigma came fourth, New York fintech Ramp came fifth, and Dutch prop trading firm Optiver came sixth; each paid between $255k-265k on average. Rounding out the list was data infrastructure firm Databricks....
....MUCH MORE
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