Advice on Offers

Hi,

I am currently conflicted between two offers, both are for quantitative developer. One is from an Asset Management in Bay Area and the pay is around 150k with an additional 30k-40k in bonus. The second offer I have is from a fintech startup, it's more than 5 years old with a lot of people using their services. They have offered 200k with some equity, no bonuses for now (there may be in future). The first one is on-site and second one is remote. 

Overall the pay for tech startup seems really good as I don't have to pay additional taxes on bonuses however there is a fear for job security. Plus with that much money, there might be a target on my back. I will have to build a lot of things from scratch using pricing algorithms and AI. Honestly, this feels very exciting, I love challenging stuff and looks like I will have a lot to talk about on my resume.

The AM has been there for quite a while so more job stability, support structure and there are already good systems in place, the role will slightly be more operational but there are some projects that they are hiring me for. I hear bonuses go high the longer you stay but it's just hope, nothing's tangible. The major benefits are working at forefront of finance + tech so I can position myself to be QR one day (not sure how long it would take).

I am 28, single and think both positions are good. My question is regarding the future outlook, does being a developer in AM has better prospects? If I can learn and get more things done in startup, wouldn't I be more valuable?

I am thoroughly confused.

Best.

Comments (6)

  • Intern in PE - LBOs
Nov 17, 2021 - 8:27pm

The fintech startup position has more pay, more exposure and the long-term payoff is good. Even if the startup fails, fintech is booming and your skills will be very transferrable to another startup. Like you said, there might be more pressure in this role but the rewards are clear and since your 28 and single I think you can afford the risk.

Most Helpful
Nov 18, 2021 - 8:37am

Take the fintech startup role. Your worst case with fintech is you get laid off in a year or two if the market implodes (unlikely - but who knows) and you land on your feet in AM or somewhere else where those skills will be valued. Plus, just by being in fintech I'm certain that you could parlay that to other similar type startups, firms, etc. 

From my perspective, you are a highly valued skillset and will have no issue getting a job should you need it down the road. Take the more interesting, more highly paid job that probably ends up with more optionality for you over the long run anyway. 

  • Prospect in AM - Equities
Nov 18, 2021 - 10:06am

Would you say the same if I was on student visa i.e. an international student? It's a genuine fear of getting laid off and then finding another job quickly.

Nov 18, 2021 - 12:47pm

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