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Comment by herr_antwort | Hacker News Reader

ok, citadel, totally believable salaries here. is this a typo? theres a zero missing.

Quantitative Research Lead CITADEL SECURITIES AMERICAS SERVICES LLC US$55058.00 US$55058.00 1 Quantitative Researcher Citadel Securities Americas LLC US$67288.00 US$67288.00 1 Quantitative Researcher Citadel Securities Americas Services LLC US$67288.00 US$67288.00 1

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There is an important caveat here. H1B filings only includes guaranteed compensation, which is your base salary. Stocks and bonuses are not included here. That’s why you’ll see data points like Meta paying 200k for a VP level H1B. I reality they are absolutely not underpaying H1Bs at VP level and the person is printing millions a year.

Not even guaranteed compensation - that column is prevailing wages - avg market salary. Not what they’re paid. That’s the minimum they need to paid.

It's just one position, not an average. There are other positions with the same title with higher salaries. Quantitative Research can be anything, basically just an Excel inputer could be called that.

I think salary expectations on HN, in tech and in the US are a bit off. Do you really believe someone crunching numbers is worth USD 600000 per year?

I think a lot of the comments where people casually dismiss salaries in the hundreds of thousands a year as too low are just attempts at flexing.

I view it more as an observation on compensation compared to value their labor brings to the employer’s bottom line.

There's some middle ground. People's salaries charted over time compared to CEO pay, productivity numbers, purchasing power, or inflation, etc, have degraded pretty badly over time.

Its Citadel, not some random company. They are infamous here in Chicago for paying people gobs of money and working you 80 hours/week. I would be highly suspect of any Citadel position under 100K.

The next Enron.

Quantitative Research as Citadel Securities is a set of specific, highly-paid, jobs.

And often paid in either bonuses or options. I haven't gone through the website much, does it distinguish pay vs. other compensation?

"Quantitative research" can mean basically anything.

In the industry, especially at a firm like citadel, it usually means a specific set of roles. It would be like "software architect" at a tech firm, the exact work might vary but by and large every software engineer is expected to have similar skills.

There is a huge hype machine on the internet where people want to believe there there are crazy high salaries in other companies. Even though they don't know anyone who works there, interviewed or otherwise even bothered to look into some actual evedence. I have had interviews with citadel and know people whose have roles with that title. Total comp is slightly below what a comparable person would make at Google or Facebook. There are a few rainmakers there but those people get everything in (cash) bonus. Many are getting a base that was set 5-10 years ago.

This is false, citadel is top of market. Google doesn’t pay that well

I think it's the other way around, actually. I think a lot of people, especially in Europe, have FOMO about the salaries in the United States. One of their coping mechanisms is to try to convince themselves that everyone is lying about their salaries.

Honestly I’m badly out of date, and all the gossip I’m hearing is that this pay isn’t prevailing anymore.

But a new grad returning intern was doing 380 at FB Thor first year in cash and stock.

And why not? These companies are printing 10MM per marginal hire.

Why is it a crime that the people doing the 18 hour days capture a bit of it?

I know more than one person who made more than $500,000 as a new grad, so it's not completely unreasonable. Most of that will be RSUs/cash bonus though, so not counted as part of H1B salary data as I understand it.

Do you really believe someone crunching numbers is worth USD 600000 per year?

- it depends where you live

- how tight that job market is

- and with inflation these days, probably 2x that.

Bit of a rant, but many things I buy are 40% more than a year ago, some are 100%, yes double the price. That means aalaries should follow the same metric.

Yeah weird

PRODUCT MANAGEMENT VP | META PLATFORMS, INC. | $248768.00

Base, without equity

That's still low, that's an E7/M2 salary, VP is at least three levels higher (D1, D2, VP1).

Non-engineering roles at Meta have different salary bands and RSU comp per level than engineering ones (usually less and sometimes a lot less).

Product managers for Meta have similar pay range than eng.

This stat likely includes just base salary and not stock compensation.

Good tech companies pay employees higher than what is listed in the filing, they just don't want to divulge how much they're paying in public records. This is totally fine, there is nothing illegal about paying more.

Mediocre companies (or good startups who aren't considering this stuff too deeply) file with the exact salary.

Scam companies pay below what they filed (illegal).

So they're submitting false filings, you say? You know this how?

This is guaranteed money. I'm sure you've heard of appearance and performance fees in sports

Even the salary component is higher than what the filings say.

Yes, but there is nothing wrong with that! There is nothing wrong in committing to pay $200K but actually paying $250K.

They report actual pay to the IRS.

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