Quant S&T Rotation vs FAANG Software Engineering

So I've received two full time offers: One for a rotational program at a Canadian investment bank (BMO, RBC) and another as a Software Engineer at a FAANG. I've done internships at both and enjoyed both places, but I'd really like to do more than just pure software engineering, and the prospect of using more math and stats in my work is exciting. I've also grown a liking for Finance, as there's tons of mathematical and engineering applications for it. However, the compensation at the FAANG is about 33% more. Moreover, from what I've read/heard on the street, it's no secret that sell side S&T is not quite a growing industry. 

What I'd like to ask is, does comp generally increase once you're out of the rotational and actually on a desk? How much can I expect in my second year? I'm assuming it probably still won't mach the FAANG offer, but if the spread isn't too wide, especially after taxes, then I won't mind taking a pay cut for a year. 

Also, is there still a real prospect of becoming a trader on the sell side? I know it's really competitive these days, but is there a realistic chance?

Thanks!  

Comments (5)

Aug 10, 2021 - 4:33pm
WSO Monkey Bot, what's your opinion? Comment below:
  • Analyst 2 in PE - Growth
Aug 13, 2021 - 1:18pm

FAANG no doubt. You could always leave the FAANG to go into a quantitative finance role. You'll just have more doors open to you after in SWE/quant Research and potentially product with the brand name. (I did CS and have several friends that had to make this choice out of school and had tons of doors open after short stints in big tech or have stayed and drank the kool-aid.)

Aug 13, 2021 - 3:09pm
hayhamster, what's your opinion? Comment below:

Necessitatibus expedita fuga omnis laborum neque omnis qui. Laboriosam sapiente architecto et et. Quia consequuntur ut aspernatur eligendi amet earum iste. Iure soluta asperiores facilis doloremque esse sed doloribus.

Mollitia delectus adipisci placeat qui in non harum magni. Sunt ea ut a mollitia assumenda est.

Id dolorem inventore rerum. Culpa et earum et est soluta quam impedit rerum. Nostrum quod omnis aliquid repudiandae iusto et. Repellendus sit occaecati distinctio voluptatum vel.

Start Discussion

Career Advancement Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

September 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲01) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

September 2022 Investment Banking

  • Director/MD (10) $613
  • Intern/Summer Analyst (318) $407
  • Vice President (38) $392
  • Associates (209) $257
  • 2nd Year Analyst (130) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (438) $151
  • Intern/Summer Associate (83) $150