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Wellness Wednesday for November 2, 2022

The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:

  • Requests for advice and / or encouragement. On basically any topic and for any scale of problem.

  • Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.

  • Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.

  • Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).

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Congrats! Could be some tricky decisions ahead, but it's a nice problem to have. Are the finance roles as a technologist, or a trader/researcher? Do you know how much of the comp is bonus, or how variable the amounts are?

What kind of background do you need to be a quant?

Depends on where in finance, I think? Banking is rough, absolutely, but in quant funds 45-hour weeks are common, at least in the UK.

It's more hours than @null's current setup, and in-office would be different from WFH, but it doesn't have to ruin your life.

Yeah, must depend where you work, I guess? 45ish was always what I saw offered, and at least for the ones I know about, their people usually do leave on time.

For what it's worth, I know a variety of Jane Street London Office employees and for all of them they either have a great work-life balance, or genuinely love the job, put in more effort/take seniority promotions, and therefore get paid more for more hours, but they enjoy it so it doesn't matter. Hours are usually like 8-5/6ish (depends on whether you're tied to the trading hours or doing behind the scenes work). One person I know moved into their crypto team, so because the market is 24/7 they work Saturdays, but get Mondays off instead. NYC might be different though!

If you do manage to get a Jane Street job, of the 5 staff I know who started in the last 4 years, none have left (and the pay is...impressive), so I'd definitely consider it.

Just differing circles- I don't know anybody who works at a FAANG on the technical side (a couple in marketing/sales). Everybody I know who works at JS did maths at my university, they hire (graduates at least) from an extremely small talent pool in the UK. I'll try and figure out a way that I can help without doxxing myself!