Iner

@zzimoo_ @fabbro_fabbro @Andre_Dalma Le gente paga però

@fabbro_fabbro @Andre_Dalma ma è gente che lo fa per hobby dopo lavoro ahaha pensate possano mai avere una formazione?

Perchè l'Italia non va ai Mondiali?

@BeatzXBT @W98AB @TheSpeculator0 But does Kenyans pay the same price ?

@W98AB @TheSpeculator0 its even more insane that kenya charges almost the same in usd! its half an monthly wage vs far less for the american equivalent.

@TheSpeculator0 you thought iceland was bad?

@JaredKubin Explain the loan compensation please

HF BONUS 101: *with all these payout posts on “revenue”… let me contextualize the multi strats for you JS is its own animal. But the multis (Citadel, Millennium, P72, BAM, Exodus, Schonfeld) all run the same flavor of comp. Siloed pods…eat what you kill payouts can run 12-25% of P&L depending on what your PM negotiated and what platform you’re on. Smaller shops quote 20%+ to pull talent. Sidenote… a lot of these “signing bonuses” you see in articles are actually loans against future comp this can be clawed back… but that’s for another post. stuff people get wrong: it’s NET P&L, not gross. Financing, borrow, Bloomberg, data, salaries, seat costs, overhead… all netted before payout. A pod doing $50M gross might pass through $15M before anyone sees a check the PM controls the splits inside the pod. If the team is on 18% and the PM runs a 6 person book, he decides what everyone gets. No formula. Some are generous. Plenty keep 70%+ and treat analysts as fungible. Biggest variable in your actual comp and nobody talks about it in interviews… get it in writing. Netting across sub sectors is real inside a team…make sure you understand! high water marks are real. Down 8% one year, you make it back before the clock restarts. Some platforms reset HWM if you get rehired elsewhere internally, some don’t. Ask 100%. deferrals. USUALLY 50% of your bonus above some threshold gets deferred 3 years and only vests if you stay. How they keep you from walking after a big year. Leave early, you eat the unvested portion unless your next shop buys you out. IF You lose money in year 2… it gets netted against deferred with no recourse. Tough. the drawdown trigger is the scary part. Most pods have a stop loss, usually 3-5% of budget, sometimes 7-10%. Hit it and you’re done. Pod cut, team fired, capital reallocated. Doesn’t matter how good your 3 year track record is. This is why a 20% payout sounds rich until … yea a senior analyst on a good pod clearing $1-3M in a normal year is realistic. PMs running their own book can do $5-20M+ in a strong year. Top decile PMs at the big shops are printing numbers that would surprise you. Flip side, median PM tenure at these places is 2-3 yrs and a real chunk of pods blow up every cycle (think NFL career length) Overall… everything is negotiable, it’s opaque, clawbacks suck, and a hard way to make an easy living

@FangYi11101 @deedydas Lmao SWE

@deedydas Overhyped by the mythos surrounding the medallion fund. There are better places if you’re a SWE.

keep seeing these linkedin-slop tier lists getting shared by undergrads. can’t comment on the tech stuff, but for quant the tiers are basically all wrong.

@HighyieldHarry @The_Analyst She should have been backoffice at JS

@The_Analyst I'd say 700-900 cash comp + deferred comp.

Chat, how much are we thinking the JPM girl was banking as an ED in LevFin? $1-$1.5m fully loaded? Less? More?

@eddardkrak @SPD_travels Absolute clown

@SPD_travels That would be proof of you in LA, I’m glad it took you 3 requests, accusing me of moving goal posts incorrectly, and being proven wrong of that accusation to finally post a photo. Was that so hard?

Price gougers for the World Cup in the USA are about to realise who they are up against. 😂

@longironcondor @spxudi mortages in the NL are quite convenient with all those tax refunds and the 0% deposit compared to many other expensive places

@iner_li @spxudi No I make too much for social housing (max 50k I believe). But social housing is based on seniority and the situation is even worse there

i thought paris housing market was bad and then i found out about amsterdam

@longironcondor @spxudi ? Is this some social housing? Shouldn’t a trader just have enough money to be above those issues?

@spxudi The only reason I could get a house is because my gf is a nurse, therefore gets priority. Out of 120 new build apartments there were over 3000 applicants

@W98AB Logarithmic improvement curves, 1% on 2B is much harder than making 1% on 100k

Since the 70s we invented almost all of sports science, modernised the computer, brought in AI, doping etc all got a lot better and the impact was on average 3.2%.

@CUTNPASTE4 @degenOogway Fun? Your polymarket pays like a staff eng job lol

@degenOogway Just regular SWE+polymarket for fun

Since it's in vogue currently to share Jane street interview experiences here's mine. Q1: Using 2s and 3s only, create a list of numbers that sums to 10 with the highest product (for ex 2, 2, 2, 2, 2 sums to 10 and the product is 32). I just kind of straightforward dived into this (mistake in hindsight) got 2, 2, 3, 3. The immediate follow up- what about doing the same but summing to 20. I just naively blurted out- what if I just reused my last solution twice for 4 2s and 4 3s? Interviewer asked how confident I was, I said 60%. Then asked what would improve that. I said if I knew my first answer was more correct I would be more confident. He tells me I was correct on the first answer and I say 90% confident now (god knows why). Immediately he tells me that my answer for 20 is wrong and it's actually 6 3s and 1 2. Needless to say I was very frazzled after that and even though the interviewer was kind enough to give me a layup sum of two dice rolls for q2 I knew I'd botched it. My main surprise was that they invited me to re interview for a swe role after.

@giulio_mattioli Include Monza and Milano 2?

Income levels in Milan, Italy. Incredibly concentric and huge differences between the richer city centre and the poorer peripheries tg24.sky.it/economia/2026/…

@yacineMTB And the job is a form of mental torture

FIRE is unusually high among software engineers because not only do you make a lot of money, but the job is incredibly unstable because it changes dramatically every decade. Look at how different it is today vs just 4 years ago

@_sam_scm_ @annanay Someone always know someone making mega millions lol

@annanay So, he’s basically making as much as a Vitol partner, paid in cash, with far less operational headache, infrastructure investments, and probably a LOT less collateral required than trading barrels. Seems good to me, maybe too good to be true.

@qaswerty1234 @Sakunamiii I giocatori di serie C li pagano in nero? Pensavo fosse l’opposto, Serie D paga di più perché esentasse

@Sakunamiii 30k lordi li prendono in promozione

Baldini capirà molto presto la differenza tra gente viziata a 4.5M l’anno nelle big di Serie A e i morti di fame della Serie C che baciano a terra quando lo stipendio (30k lordi annui) arriva solo 10 giorni in ritardo

@TMTLongShort How can NYC property be expensive if you are the most valuable cohort at a hedge fund? I can understand taxes but property for a family should be a no problem on money

This was true but no longer is. The most valuable cohort at hedge funds have aged out of the “fun” component of NYC and are instead simply saddled with exorbitant cost of entry to starting a family and owning property. Meanwhile the PMs who are truly minting give zero fucks about Chez Margaux and would much prefer not paying state tax and blowing the extra millions in St Barths or on their children with the added bonus of sunlight. NYC has a network effects advantage. That’s it. And it’s eroding faster than you think.

@diablovalleycap @xbtsnow @DeepDishEnjoyer Technically not married tho lol

@xbtsnow @DeepDishEnjoyer Brother do you know whose replies you’re in

some old financial crisis wisdom

@bookdepth @sentientETF Where?

@sentientETF It's so funny how this article still gets referred to there lmao

There’s an old Glassdoor interview note somewhere of Pat shitting on a candidate by telling him “I was not impressed with your speed, at all” Difficulty: Easy Experience: Very Negative Outcome: No Offer

@FangYi11101 That’s indeed the case. It might have been expanded to around 30 people admitted per year now for the Science Class. This includes all the spots for math, computer science, physics, biology.

@iner_li Is that true? Wouldn’t that restrict there candidate pool to under 10 people a year

This is a misunderstanding of the Oxford/Cambridge undergrad admissions system. You don’t automatically get in with a 1480 SAT and 5s on some APs — that’s the bare minimum to be considered for the interview round, where the real selection happens.

@aledeniz Scuola difficile per motivi puramente futili e burocratici. Infatti quando si guarda ai risultati accademici, la gente non impara nulla

I know a number of British people who lived 1 to 2 years in Italy and then came back. The constant is that they have young children. Whatever they tell you, if you ask them about the Italian school system, they will eventually admit that it was, if not the main one, one of the critical items for them. Italian primary school is much harder than the British one. An awful lot of Italian parents cope with that by literally abandoning their children to their own devices. Most take a more proactive stance, so they either start tutoring their children themselves (a couple of hours a day per child starting in year 1) or pay for tutors to do it in their stead. In primary school, British kids have homework once per week. Italian kids have homework once per day, doubled over the weekend. If you visit Italian homes in the afternoon and they have children, it is pretty standard to see the kids sitting at the main table with books and notebooks spread all around, with a parent or a tutor sitting with them for the whole session. Also, the amount of books they have to carry to school every day is borderline unbelievable. You would think they are training them to carry legionary backpacks. For people accustomed to the gentle British primary schooling, the Italian system feels borderline insane. Note also that it has massively eased up: in my childhood, we had to memorise a long poem every weekend (which back then meant Sunday, as Saturday was school day). h/t @GroovySciFi