[HN Gopher] Engineer with 6 years of experience gets 7 offers an...
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       Engineer with 6 years of experience gets 7 offers and 800k annual
       comp
        
       Author : crhulls
       Score  : 18 points
       Date   : 2022-06-09 20:25 UTC (2 hours ago)
        
 (HTM) web link (twitter.com)
 (TXT) w3m dump (twitter.com)
        
       | nly wrote:
       | For a code monkey role (no quant experience) the quant firm bonus
       | looks over the top. Good cash bonuses are usually 50-100% of
       | base, not 280%. He's probably in for a shock when bonus time
       | comes next year.
       | 
       | Either that or it's a trendy crypto firm and they'll be dead in
       | 18 months. Personally I would have gone with Stripe.
        
         | 22c wrote:
         | I also have to wonder if the cash bonus is recession proof.
         | Inflation aside, aren't bonuses not a guarantee? Most places
         | I've worked, bonus systems rely on meeting some certain goal.
         | 
         | In my experience, if the company isn't doing well, they will
         | essentially make it difficult or impossible to get your bonus
         | (eg. put a 25% growth in share price in as a condition of full
         | bonus or something).
        
         | sytelus wrote:
         | Quant cash bonuses are highly conditional and would rarely
         | materialize at the quoted max possible levels. If they do at
         | all, party don't last very long. OP is aggressive husler but
         | his greedy optimization strategy isn't going to take him too
         | far.
        
       | panny wrote:
       | >Nameless engineer receives big offer! Source: Trust me bro.
       | 
       | Seems like an ad by the FAANG HR depts to me.
       | 
       | >@TeamBlind, career counseling
       | 
       | Oh, exactly that.
        
       | fatjokes wrote:
       | Guesses on the quant firm? Jane St?
        
       | EddieDante wrote:
       | More power to them, whoever they are.
        
       | crhulls wrote:
       | A) is this real? B) if it is, will it still happen during this
       | crash?
        
         | ilrwbwrkhv wrote:
         | There is no crash. In fact companies which are actually proper
         | businesses will get more VC funding since the funds have to go
         | somewhere.
         | 
         | The crash is mostly in vaporware like Uber and Bolt.
        
           | ljw1001 wrote:
           | Lol. The same money funds uber and proper businesses. They
           | expect to get rich returns on nonsense. When they don't, they
           | don't much feel like playing so they take their ball and go
           | home.
        
         | NonEUCitizen wrote:
         | (A) Only the base is real, given (B)
        
       | cvccvroomvroom wrote:
       | Not unusual. Look at tech management pay, 7-digits typically.
        
         | sytelus wrote:
         | There is always someone making shit ton of money but that
         | doesn't make things "not unusual". In a typical mature big
         | tech, I would say less than 5% of employees ever cross 7-digit
         | mark. Often that requires massive hustling for years, personal
         | health+family sacrifices and extraordinary amount of politics
         | and betrayals to many colleagues. Some people are just wired
         | for this and crossing 7-digit barrier is the most important
         | thing in their life to be achieved at any cost. In my
         | experience, there are many better joys to have in life than
         | this hustle.
        
         | ljw1001 wrote:
         | If by mgmt you mean ceo adjacent, sure
        
       | blinded wrote:
       | super lucrative if the market recovers wrt stock.
        
       | [deleted]
        
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       (page generated 2022-06-09 23:02 UTC)