Google Software Developer to Quant?

Hello all I am a software developer who has worked at Google for the past two years since I graduated. Now I am faced with a career decision (or not?) of whether to possibly try to move to a position in finance. Fundamentally I have grown bored of my work at Google, as things have become fairly repetitive and monotonous here. I have a friend who works as a prop trader in Chicago, and the kind of work he describes sounds fairly interesting. Now I suppose my question is what kind of positions would I possibly be competitive for? Basically I understand that right now my financial knowledge is limited, so I don’t think I could contribute much immediately in that respect. Would I be competitive for positions writing trading algorithms and the like? I do not want to end up doing the same menial work I am here at Google, just in a finance environment, rather I hope to be able to contribute to automated trading systems and the like. My C++ knowledge is fairly strong, and I would rate my ability to program highly. The other factor that motivates me is that I was always fairly strong in math (good results on the AMC and AIME), and here at Google I use none of it. I consider myself lucky if sometimes I have to multiply a few numbers together. The other issue is sort of about compensation. My base right now is 120k, and with bonus and my annual RSU’s my total comp is just short of 180k, working about 45hrs a week. Now I understand that this might be putting the cart before the horse, however if I were to receive offers from respectable prop shops how competitive would it be relative to my current comp? Also from discussing the issue with a friend it seem that often times compensation can be much more variable, so if I were to receive an offer for say a 110k + undefined bonus, would it be reasonable to try and negotiate something along the lines of a guaranteed bonus? I general I suppose my questions are not very well defined relative to most here, but what I am curious about is if people think this is an idea worth pursuing. My friend sometimes becomes quite pessimistic about the future of prop trading, and the shrinking margins, and this discourages me. Am I just looking at this from a perspective of the grass being greener on the other side of the fence? Are there positions like I am imagining where one can work say 50hrs a week on trading strategies with good comp? Any and all input is greatly appreciated.

 
Best Response

Am honestly a bit surprised by the pessimism. With regards to creating a startup, I am not sure if that is in the cards for me, primarily because at some point I would have to quit my job to work on it full time. It is difficult to get to a point while working though to where I would be comfortable with quitting my job, and I have about zero connections that would help me raise any financing. Also living here taxes are high and housing is ridiculously expensive. In addition my future salary curve is very logarithmic, realistically I could perform very well the next 5 years and still end up with a total comp of only 230k. Basically my chances of owning a house or anything like that here in the near future are nil. I guess the two things I have going for me here are good work hours and good weather, however reading about quant finance in the news it really seems like something more should be possible in Chicago/NY, no?

 

Eius in blanditiis voluptas impedit qui necessitatibus quo veniam. Recusandae fuga sint facere mollitia. Corrupti consequuntur facere magni animi voluptas commodi.

Aut aut explicabo et hic et repudiandae dolorem. Iste voluptatibus velit vitae molestias corrupti odit. Quae adipisci voluptatum quibusdam temporibus et reprehenderit asperiores. Rerum eveniet distinctio quis omnis eligendi rerum aut. Voluptatem quis nisi distinctio quo id voluptas rerum.

Non consequatur dolorem fuga est quia. Eum repudiandae tempore vero praesentium temporibus porro ut. Exercitationem consequuntur beatae ut consequuntur eos sed ut. Voluptatem placeat voluptate alias blanditiis ut consequatur soluta. Itaque et dolore quia impedit aut aspernatur et. Autem quia et harum placeat numquam nisi ducimus.

Mollitia repellat ex ut ut quidem facilis quos qui. Et voluptatibus id pariatur non labore voluptatem nihil.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”