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rauljara | 4 years ago

Former Jane Streeter: yes, finance can pay very well. Of course there’s a lot of variance, but at least when I was there Jane Street made an effort to be the very highest in terms of compensation for interns. The numbers don’t seem off to me. Yes, I understand how ridiculous that is

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noir_lord|4 years ago

I don't think it is ridiculous if you can afford to and want to pay the absolute top line to get the "best" (best by their metrics not everyone else's - not trying to spark a war).

If you are ultra profitable then the difference between paying market rate and top of market rate might be double the salary and that would still be a rounding error on a spreadsheet somewhere.

I guess it also depends how sensitive your output is to the quality of the developers, lots of enterprises I've worked for you'd be hard pressed to tell the difference between a competent developer and an excellent developer since the end result is from a distance pretty much the same in that case it would make no sense to pay more than will get you a bunch of competent developers.

My impression from the outside is that janestreet does see that value.

Some what correlated I love it when companies say "We hire the absolute best developers" and you ask what they pay and market-rate is the answer.

JaneStreet remains fascinating to me though because while they do programming and I'm a programmer we are almost different species because of the problems we solve - which makes it interesting to me.