Are SWEs in quant/prop trading firms valued?
Considering a prestigious trading firm as a SWE (ie. Jane Street, Hudson River Trading, Citadel Securities, etc) , but I wonder how we are looked at by front office people. The pay is good, but I've heard of SWEs being treated as second class citizens. How much of this is true? Is SWE progression poor at trading firms, and are they looked down upon? Sorry if I am asking in the wrong forum.
if your firm is run by ex-programmers/tech folks or requires ULL, you are absolutely valued.
If your firm is run by eat what you kill prop traders, flip a coin
if your firm is run by finance/econ people, you are a coding donkey who they can underpay, so run to FAANG
This. Some firms don’t even have human traders (ex HRT). At HRT, JS, CitSec dev is absolutely not a “back-office” role, not that the term even makes any sense in the concept of a quant trading firm
The firms you named all treat SWEs very well. Pretty sure new SWEs make the same as new traders at JS. I think it’s similar at Citadel Securities. And HRT doesn’t even really have “traders”, they have algo developers who also program. Those firms are some of the best trading firms for software… but keep in mind not all firms are like that.
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