/biz/ - Business & Finance

zero

>>15888809
Whats your income?

>>15888807
1.2k eur a month

>>15888864
after taxes?

>>15888807
92k/year but it's in Massivejewsex so I take home $62k in actual checks.

>>15888807
zero
>>15888818
zero

>>15888807
-5000 since i became a neet. Most of that loss is from options trading on the stock market.

>>15888807
I'm doing my mandatory internship and get 800 eur/month.

>>15888807
around $140k/yr, but i'm in my early 30s and in seattle, so it doesn't feel like much.

>>15888807
>>15889093
i became a neet this year and lost around this much trading crypto

>>15888807
40k in product income looking at $160k jobs with rsus but I dont really need it. I just want to be a nano whale.

$0 I got fired yesterday

>>15889284
>>15889211
>>15889036
>>15888864
So i should not take the advice of /biz/

>>15888807
~$1200 a month, super poorfag.
Been saving everything I can for the last year or so, no unnecessary purchases no eating out. Saved around $3k and just started investing in crypto. Hope is to make enough to pay off debts from back in my homeless addict days and finally get a bank account and my own place, then move over to traditional stocks and options.

>>15889371
>Saved around $3k and just started investing in crypto
Why would you risk everything you saved?

>>15889380
> saves all money in fiat and 401k
> dies a slave
Whew glad I was safe

>>15889389
Fair enough

$70k with an 80% bonus opportunity every year.

3600 euros a month, just got a raise.

Living in Finland, save 1200 euros per month comfortably due to cheap-ish housing. Master's degree from a top Finnish university.

Live is comfortable and nothing bad will ever happen to me there, but Helsinki weather is atrocious, Finns are complete autists and it is impossible to become rich by simply working. I know a CEO getting 10 000 euros per month sharp, and having taxes take half is ehhhh not worth the headache

>>15889380
I've still got $500 or so for emergencies, but why would I just keep sitting on 3k that's doing nothing for me? Keep in mind I have no bank and cannot make traditional investments be cause of this, besides maybe precious metals, but those, while safe investments, are long term relatively low return. I've got nothing to lose. My life is seriously shit, in the last 10 years I've lived in a tent down by the river for 2 and out if motels and shit for another 2. I cant get any decent paying jobs or financial assistance for school. The menial jobs I do get make me miserable. I'm a fairly high IQ person (I a 35 on my ACT in high school, one point from perfect) and cant do it anymore. This is the only way I can see to break out.

Full time day trader so I guess infinity amount

>>15888807
25.20 for an average of 33 hours a week.

>>15888807
bout tree fiddy

Atm about $120k/year profit with 2 products. Adding another 2-3 in the next could months.

>>15888807

anybody with a salary over $100k, how much bitcoin are you currently buying? are you price averaging?

$60,000 before tax. Not as much as I want but the perks are pretty great for a U.S. corporate wagecuck,the biggest one being 30+ days of paid vacation per year. That alone makes me hesitant to jump ship.

>>15888807
200 base, 100-300 yearly bonus

22

>>15889611
I buy productive assets, not high tech nigger tier lottery tickets like crypto

>>15889713
Chef at wendy's?

>salary

>>15888807
Salary $0
Net worth $0
Proud neet/amature game developer. Still happier than 99% of wagekeks on the board

>>15889315
Correct.

>>15888818
zero as well

>>15889785
you got any demos or anything without doxing yourself?

£2450 after tax

>>15889747
prop trader

$135k wagecuck

I am unemployed but I make $100 monthly from online sales.

>>15888807
20k wagecuck
>Get Masters in Acct
>Do Payroll shit because "Muh Experience" from Boomers

>>15888807
Salary 350k, bonuses another 100k.

65k just out of college in one of the poorest states in the US. I have around 1k spending money each month after bills and savings. I don’t feel well off or anything but I look at people I went to school with and feel better

>>15889833
agdg :)

>>15888807
whats with those gay ass oversaturated pictures with exagerated lighting, are they supposed to look good?

>>15889611
I bought a bunch of btc and link on the 25th of last month. I normally dollar cost average about 1k a month but it's been pretty easy buying the dips.

1500 in eastern europe
big crab in the bucket, yet still cannot afford nothing else but basic amenities

>>15888807
22
USA
office accounting clerk
$2,400 month

Job is extremely comfy, mainly shitpost in between tasks.

400 euros aka minimum wage in latvia

$50k, 27 years old, extremely high CoL area. Just fuck my life up famalam

>>15888807
60k in a large metro area so that makes me fucking poor.

>>15889435
What field are you working in?

>>15889845
>prop trader
Did you mean to say "pro larper"

80k in the Midwest, 26 yr old
How am I doin biz?

21.50 canadian dollars an hour for 22 hours of work (though recently it's been about 30-35 hours of work)

I basically make the same money as some burger flipper in america yet I work for a "big bank" and I have 7 direct reports...

2k a month. Managed to acquire 100k chainlink though cause I don’t have anywhere else to go or do but sit her and think how I can get out of my situation. The technology is fascinating and I truly believe oracles are the 4IR

>>15888807
0
Retarded

>>15891830
23
USA (Boston)
125k

1 year outta college, mostly feel pretty good. Boston's expensive so I'm living at home for another 6 months at least, till I can squirrel enough away for a multifamily. Got plenty of student debt that eats into my bottom line, but that's life.

>>15891691
Someones gotta be a quant on this board right? That is the starting salary for top prop firms so what's so hard to believe? I'll answer any other questions you have

>>15891994
I was gonna post more proof but I realized id end up doxxing myself prolly. I can discuss prop trading at length though if knowledge is relevant

$310k last year but $40k was from crypto

>>15891906
PAY OFF YOUR DEBT FIRST

$220k / year base salary.

3rd year finance (transactional) Attorney.

>>15892017
I’d like to know more.

$5 per hour in a third world. Dunno how to get myself out of this.

>>15889835
Pretty good. What career/location? About the same take home as two people on minimum wage, yet if you told someone you're on £45k they'd say you're rich.

>>15892067
The top firms in the prop market making space, like citadel, optiver, jump, jane street, virtue, hudson river, susquehanna (in no order) all pay 300k or so minimum all-in comp first year. Usually 150-200 base salary with a 50-150 discretionary bonus and anywhere from 25-100 signing. The firms hire almost exclusively from their internal internships (for the most part, this is truer for some on the list and less for others) which are extremely competitive. Most of these firms don't really recruit outside of MIT/Caltech/Stanford/Uchicago + ivies (not even all of the ivies really) so its pretty hard to hear of them unless you do a lot of work yourself. They have big presence on mit/harvard campus and less so basically everywhere else. I got in from a "non target" school after spending a lot of time preparing for interviews. I was a math major who finished most of my degree by the time I was 18 so I had space to take the sort of advanced stats that they wanted and study a lot for interviews/trading. I was also pretty involved in crypto (in a noob sense, I bought a lot of eth in 2017 and had some simple python programs that would show me arbs between different exchanges which I'd then do by hand and later some projects that made basic markets in more illiquid coins like 0x and shit where people would just go and mindlessly take the best offer whenever they saw a post on biz telling them to buy, and then I could easily make 2% over fair in wide ass markets. All of this was big talking points in my interviews

>>15889774
>Money in bank account
>4,123.53

>>15892067
>>15892176
why even try? wizkids like these are already far above anyone i know or ever known in terms of career. at this point my only option is becoming an extreme drug dealer or hit man or something no way i can get to this level in this life.

>>15892368
There are a lot of ways to be rich in this world and even more ways to be happy.

Frankly being a quant is far from an easy way to be rich. It's a lot of investment for a single digits millionaire lifestyle. If you want to be really fucking rich, create something, own something. Build a business

atm $75-80k aud plus 20 % super from the company

>>15892573
do you work for the government?

>>15888807
650€ per working day

47.5K CAD

Equals 36K USD.

I'm content.

>>15892618
per larp day

>>15892641
freelance developer.
around 45% of it are for taxes. Which results in 60k per year NET

>>15889315
that's the first step towards making it

>>15892701
thats still really good since its in euros

>>15891906
What field pays this much right out of college?

>>15892066
i'm living at home paying off my student loans. making 75k/yr first year out of school, have about a year left before i'm done.

sometime it doesn't feel worth it but i think the freedom of not having debt will be awesome next year

$180k/yr

(((Hospital))) admin

>>15888807
$40-45k year - automobile technician/mechanic/grease monkey

>>15892067
Biglaw?

Lel how's having no life

I bring home $48,000 a year after taxes

>>15888807
NEETbux

>>15892440
based advice

>>15888807
65K, with another 7 going to my insurance every year.

>>15888807
95K & I pay $480 in rent. Hope it works out

$800k / year.

>>15888807
2k euro a month. I'm 24 with an animation degree so it's above average all things considered but it's still shit.

>>15892753
Software

>>15894566
fake

150k/year private client banker. bay area

>>15889526
score of 33 here, I can imagine how you'd end up in that sort of situation
I was apathetic and didn't get a handle on my life either until I finished my worldview and came into contact with soul-crushing reality; which is to say, I don't find it baffling how someone "smart" would end up working crap jobs staying in crap living conditions

>>15889875
You must live in Eastern Europe or Latin America.

>>15889883
Sheisted.

>>15890705
20k makes you poor.

>>15891708
>I basically make the same money as some burger flipper in america
dead wrong outside of $15 cities (e.g. Seattle)

>>15891708
>>15891708
this. canada is fucked.

>>15894816
amazon workers that require no brainpower make 15 an hour.

>>15894841
>amazon workers that require no brainpower
I think you'd have to be pretty smart to manage an Amazon job long-term without dying from overwork or getting fired due to low productivity.

>>15888807
$1000 eoy

LINK

>>15888807
It varies but I made $44k off ATVI puts in the last few days. I can live off that for a while.

>>15894871
Amazon shelf stacker spotted

>>15889284

Sorry to hear that anon

>>15888807
60k in the bay area
i live with regret every day for majoring in math instead of CS

>>15889835

I earn £57k + bonus.
29yo, Associate Director in a consultancy business in London.

Just bought a house in my home town/country paid in full.
>nodebtfeelsgoodman.jpg

90K as en embedded software engineer

>>15895049
What field, what average bonus, how many years did it take to get there, will anyone make it to your position after a few years or do you have to be much better than your peers?

>>15895154
Bonus: around £1000 per quarter, pre tax
Joined as a senior specialist at £42k 3 years ago, been consistently raised to where I am now.

Not everyone will make it, but everyone with a brain will do quite well. My path has been a mix of skill and opportunity.

Engineering attracts loads of nerdy socially awkward weirdos, most of them not even that sharp, so they have literally nothing going for them. In that context, considering I do reasonably well with clients (who are 2 steps above god in the consultancy hierarchy) and have sufficient engineering skills to get the job done, sets me apart from the herd.

I am now the only foreigner in the executive team and second youngest.

>>15892176
So in other words, it is almost impossible to get in.

What does the work consist of? How many hours a week?

>>15895018
Math is the best. You should try out quantitative trading.

>>15895242
Damn I was going to say how the fuck are you making only 57k as an associate director. Then I saw 'engineering'.

>>15889315
>getting advice from 4chan

>>15889435
Why are successful individuals wallowing around around neets and loosers in this god forsaken place ? This is not happening irl.

>>15895917

We were all poor students at one point anon. Success doesn't take us away from our roots and being anonymous is important for a lot of people since their jobs are high profile.

This year should be 120k I think.

>>15888807
$120

>>15888807
165k usd base salary, bonus about 20k

63k , 63k for 126 'on target

>mfw never hit target

>>15889611
Literally zero. I have some alts but the vast majority of my wealth is in stocks.
>>15895917
In my case it just feels comfy to be here. I'm not an autist but I've always been kind of fucked in the head, I just hide it well.

>>15889371

Good luck, Anon. I have faith in you.

>>15895049
£57k in London isn't actually that much though

Graduated 5 months ago in Spring, got a job offer of $68k, with a signing bonus for 7k at one of the biggest engineering companies in the world. I live in a cheap state so I'm able to keep most of it before taxes fuck me, allowing me to keep about 46k. Job is comfy, opportunities seem endless, and I've been buying a share of Tesla with the consistent pay check.

Bizness men, if you are in Uni, go fucking talk to all the job recruiters and specifically go talk to the old white guy who has all the power. Don't waste your time talking to the black woman about all your accomplishments, it'll go right over their head.

130ishk but Canuck bux I am in Toronto

>>15896705
Sorry to sound dumb but does this shit actually work? I guess im autistic and a retard for never taking the opportunity to approach these types of guy at networking opportunities but I rationalise it as other people doing the same thing as me in said events and me not being able to stand out as a result. Or am I missing something?

>>15896783
People don't take initiatives or opportunities in their own life. Fight for yourself as if you were the well rounded, experienced individual who is qualified for X position. as I've just entered the corporate world, I've learned everyone is just ignoring me in people are just people. You could work at any company you wanted to.

You better check your school email address every day to find out every opportunity of employers coming to campus, clubs hosting special guests, and take the time to actually show up. Get your resume decked out and have every free service critique it (plebbit, school's career counselor, etc.) and improve it. Take advantage of in person events right now and use your age an enthusiasm to your advantage, bc fuck ONLY applying online and praying (do tht too however).

>>15896861
*people are just normies

48K in VA

Base 111k + 10% bonus annual

28 yo in Phoenix

>>15896691
Assuming 5% pension contribution that's £3.2 per month with student loan or £3.45k per month without student loan. I'd say that's a reasonable amount to cover rent ranging from £500 for a house share in east london up to £2250 for a one bed flat in central london. Worst case scenario you can walk to work and still save £1k a month. You're a bit out of touch with the average person if you think that's not doing well.

>>15889584
What product?

>>15897297
Why would he give away his secret?

>>15889883
If you have a masters in accounting and aren't making 6 figures gross then you're doing something wrong. Just start your own CPA firm

>>15888807
>>15888818

FUCK OFF DATAMINING GLOWNIGGER

>>15897061
No student loan - studied in portugal
Pay £750pcm for my 1bed (dividing with gf).
Save circa £1.5k a month, which is literally double what my friends at home make.

>>15892078
itkf bro
5 bucks is probably high-tier second world
I make about 10 in Eastern Europe

>>15889883
You're wasting your time. Go into public accounting and get your CPA.

>>15898102
I'm assuming you aren't the £57k guy. What do you do? (guessing around £45k region gross) Good savings though

>>15889315

35K
Fell for the join the military meme, it ended horribly so I wasted two years and got none of the benefits. If I would have just wagecucked and put it all in ETH I would have made it by now.

>>15888807
$30k a year after taxes (aka theft)
>t. Burger

>>15888807

£40K pa

>>15898757
story?

>>15898757
should have gone officer clown

>>15888864
this
are you french?

>>15895321
It's very hard but I think its because its non-traditional. it's hard to be an investment banker for completely different reasons, for example. You don't have to be a prim WASP from an ivy to work as a prop trader; you have to be smart, good at math, and have a blood scent for how to make money in any situation. I know plenty of my coworkers who got in through being crypto MM with their own money in early days, pro poker players, math olympians, etc. Some people just have super interesting life experiences or worked in specific industries so long (mostly commodity related things) that now they can just crush any market in their chosen product (think oil guys) and the firm loves them for that.

I work around 50. You're expected to be in during market hours absolutely, which is 6.5 hours a day, and then beyond that its up to you to choose how much you want to work. Most compensation comes from bonus, so, work harder and do more = get fatter check

>>15899156
Also work consists of a lot of reading and model building. I research trades I want to do and try to improve how our MM algos respond to market events/ try to avoid having them run over by informed people who might learn news 0.1s faster than us, that sort of thing.

20 y.o. in Austria
1900€ net
Executive assistant

>>15899039
in romania atm
>>15888873
yes

>>15891994
What's the general opinion on retail daytraders? Aka people who don't use quant/hft. Is it just considered a big joke?

I'm trying to learn how to trade futures for a side gig

>>15898757
Lol, you fucked up.
I'm just getting out of the military and finished my enlistment like man, Still in my early 20's. I got access to Gi Bill, Unemployment, Pell grant, and Va medical coverage and disability. You should've chose a cushy mos/afsc.

>>15888807
100 million a year. I am finding a secret pro white nationalist movement to take back the world from the evil Jews

>>15888807
10k a day

>>15889526
Its like looking into the future. Currently living out my car. No job just some saving. Still no motivation for a job either. I refuse to do drugs though except the occasional drinking.
Tbh i should probably join the military before its too late.

>>15900201
What is mos? Afsc?

>>15900168
The opinion is that we love them because they give us money.

There's just no reason to ever think you could be successful alone. I couldn't do it; maybe there are a couple of people at the firm who could be profitable by themselves (if given a lot of infrastructure investment up front) because they are either so ungodly good or only trade a single product, but everyone else here would be SOL if they had to do it alone.

It's just a matter of looking at it from the outside view: where do you think the money would come from? Do you think you can react faster to news? Provide liquidity more efficiently to customers? Predict the economy/rainfall/geopolitical events/corporate actions better than us? It seems pretty hopeless for any individual to do it. It's no secret that news reaches HFTs faster than it even reaches the bloomberg terminal, and it reaches bloomberg often an entire minute before its available anywhere on the web.

Prediction seems hopeless too; even we aren't good at it. Nobody is really capable of predicting earnings beats/drops any better than the market's aggregate; you can see famous stats experiments showing this.

There might be some edge left in volatility mispricings around earnings but every single firm has a minimum of 5 people who look at this for like every symbol in the US.

Options are too complicated for any one person to trade; not only do they require a phd level of math knowledge but they are some of the most speed sensitive instruments (to calculate and trade) to the point where HFTs hire hardware engineers whose only job is to work on options trading hardware systems.

Currencies are unbeatable because they are about ridiculously small market microstructure based edges that reward the most informed and connected traders, plus some edge for the ones who can trade in NYC based on data published in LDN fastest (and similar things). Not a whole lot for individuals there

1/2

>>15900572
2/2

Futures can mean a lot of things. Index futures are absolutely hopeless; even pros basically think there's no edge here, and you can make money providing liquidity only if you're able to do something a significant amount of the other MM can't. Commodity futures have a lot of trades to be done, but insider knowledge of the industry is pretty important, and its easy to get fucked trading something you think you understand but actually a train broke down in texas three minutes ago and everyone you're trading against knows it and you don't so you lose 200 basis points to them


Crypto daytrading is dead too; the HFTs have insane infrastructure compared to the individual market, and fees are so ungodly high unless you're at the very top of the volume discount table that it's completely unrealistic to try to make markets as an individual. The edge left in crypto is probably buy-and-hold (maybe. But I believe it, so I have passive investment in big coins) or literal insider trading on shitcoins that you know are gonna pump

It's tough out there man. I definitely don't recommend trying to make supplementary income trading anything. It's a more sophisticated way to gamble; you're almost certainly -EV, as I would be or virtually anyone

Third world student in uni that gives me 40$ a month for good grades, worked full time retail this summer for 1.5$/hour

>>15900434
If you ain’t a 6C you’re doing it wrong. Most comfy job of all time

3500-4000/month euro after taxes.

I fell for the med meme
Its much money but i work between 80 and 100 hours a week. Only upside is i can shitpost on 4chan when there is no emergency and i'm fast.

>>15900150
where in romania ?

>>15888807
$91k

>>15900694
Yeah just keep self-flagellating
Take a paycut gladly to keep the glorious nhs (or any other socialist "medicine") going and work 120hrs per week
Burger docs make 10-35k per month
Be a little proud of yourself, nigger. Euro docs are cucked as fuck

>>15900811
Rent free

>>15900684
That's in the airforce? Please help a retard out. Do i need any qualifications for this role? Are they going to train me or do i need a /biz/ degree? Do you have to take a iq test before going in and will that effect my choices. I assume you go into afsc after you go through basic training?

>60k

canada is a shithole ITS NOT FUCKING ENOUGH YOU CAN NEVER SAVE FOR A HOUSE IM FUICKING SO MAD

>>15894874
Based

185k base, 60k equity

>>15900973
Air Force sends you to tech school after basic. It’s a cake career field that gives you a ton of certifications and its super easy to do 4 years, get out, and immediately get a nice ass government job for at least $70k doing the same damn thing but without the military BS. 10/10 highly recommend

$20/hr with lots of overtime for Toilberg

650k after taxes.

>>15888807
3000 euro after tax and I put it all into UDOO

>>15900612
Good post, thanks. I enjoy it so I'll probably keep dabbling a bit

as an europoor i always wonder why amerifats dont retire by 35. your net income is so much more.

>>15902196
car insurance, house insurance, life insurance, disaster insurance, health insurance, cable subscripotion, netflix, phone service, the new phone, the newest tech.

>>15902220
we have all of this shit aswell

>>15902238
and have you check how much more expensive it is here? phone plan can cost easily $100 and cable with internet another easy $150

>>15892176
How many years of experience do you have? What’s your job title? I’d like to do this kind of thing. I work as an actuary and software engineer and when to move closer to the finance.

>>15902244
>phone plan can cost easily $100 and cable with internet another easy $150
you being screwed. Dont vote for corrupt cunts who live up Comcasts rectum

>>15902250
>21:52:44
I'm 22. I started working here when I was 20. I graduated a non HYP ivy when I was 20 for math and statistics. My job title is "Quantitative Trader" which is essentially the title of 70% of my firm. Not a lot of title distinction.

If you're into software, look at Hudson River Trading, Jump, and Jane Street. HRT is a pure algo MM so very computer focused. Jump is a little more discretionary/versatile but elite and still tons of cutting edge tech. JS more discretionary and even more versatile but known for using OCaml for everything and have extraordinary software engineers.

>>15902638
>23:06:43
Phoneposting so diff ID but ya still me lol