Having said that, I don’t know how bad those roles actually are. Obviously, it’s not worth it if it affects your mental health… and unfortunately yeah, that is an issue working in this field.
The difference between both taxes and the "next in line" isn't large enough. Hedge funds pay as much as Google/Facebook, but work and life balance at SV companies is much better.
Compare my two offers from a few years ago - well known hedge fund in CT vs a food delivery tech company.
Well known hedge fund paid $250k+50k bonus for expected minimum 50hour weeks and 20 days of vacation time. Food delivery company offered $170k+200k in stock over 4 years for 6 hour work days in a relaxed environment and unlimited PTO.
It's at the point that it's not worth the money. Sure it's about $3k extra monthly income.... and if you're not burdened with student debt, it's not a game changer.
$400k new grad TC, Free food, 40 hour work weeks, great company culture (many events)
Facebook this year had many intern events trying to convince people that FB > Quant, evidently the brain drain is there
Much appreciated :)
Pointing to extreme outliers is not giving your opinion much credence. Because I can point to some people who work in crypto, that earn $600k+ without breaking a sweat - in Singapore with Singaporean taxes(which blows HRT salaries with US taxes out of the water)