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by mathattack
4769 days ago
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Very true. Most programmers in NYC could get a raise going to Wall Street. They don't do it because they don't like the abuse. Most Physics professors could get a raise going to Wall Street. They don't do it for a variety of reasons. It's about more than money. But... The core of the story is true. There's a systemic problem with the Phd market. Every school and professor has an incentive to churn out more than the market needs. Like any career choice, people need to go into this with open eyes. |
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Wall Street is, on the whole, less abusive these days than VC-istan. However, it is more selective. Also, the chances for rapid career progress aren't there. You can make as much money, but you certainly won't be leading a team at 27 in a hedge fund; whereas if you are 27 and not at least a "tech lead" in VC-istan, you've lost.
Don't rule out finance based on its reputation, because it's not as bad as it's made out to be, especially relative to the other high-paying options. I've seen both and engineers are treated worse, on average, in the VC-funded world than in the hedge funds.