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omniocean t1_jax9cku wrote

Per the article, this is only for people with access to top secret trade algo which is "less than 100 – of our 57,000 technologists.”

So basically a paid vacation while giving enough time for the trade secrets to become outdated.

Fair, next.

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virtual_adam t1_jayjjdl wrote

JPMG are also shit-tier in terms of tech compensation. No one is working there that could get an offer at big tech. So making $400k also hints they are either super senior or part of a very small elite quant team. Both of which a 6 months phase out would make sense

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Substantial_Bend_580 t1_jazpwy7 wrote

Really? I have a bud who just graduated from a mid tier college in may 2022 making $125K. Just got his degree too only internship experience

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virtual_adam t1_jaztxxw wrote

That wasn’t great TC for summer 2022, very different world now, and generally devs have a great life that this is considered on the lower end. Just as an example that’s within the range J.Crew are advertising for NYC devs, and I would categorize them (retail) as even below banking. Generally “tech in a non tech company” means less money

A Meta new grad 0 experience would be making just under $200k in NYC

400k is almost imaginary in the tech in a non tech company world

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Substantial_Bend_580 t1_jb2cdpe wrote

Wow. Interesting where do u recommend these workers go apply after they have some experience under their belt? Also what’s good 1-4 years of experience? Asking cuz my bf is also working for a similar company who’s paid just under $100K and I thought he was doing well to have no experience.

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virtual_adam t1_jb2rjcs wrote

levels.fyi is a great resource, the app blind can be OK

generally for NYC big money without crazy expectations once you pass the interview are Google, Meta, Amazon, there are probably more others could add

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Plane-Bee-374 t1_jb0bzb6 wrote

Yeah they call it “Garden Leave”. Same at Goldman, BlackRock.

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djdjddhdhdh t1_jay4d3a wrote

It’s actually for vast majority of VPs, EDs, and MDs. Although in this case it was likely a higher than normal period for what he was which I’d assume an ED or at least a VP

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