Taro Logo

Poor compensation and mundane technology.

Software Developer
Former Employee
Worked at Susquehanna International Group for 6 years
September 16, 2020
Bala Cynwyd, Pennsylvania
1.0
Doesn't RecommendPositive OutlookDoesn't Approve of CEO
Pros

Great work life balance and job security which means you don't need to do much and not worry about getting fired. See more in the cons.

Cons

Stay away! Compensation is poor for technology. Get used to 0-3% raises and a bonus that is a pittance. There are no stock awards like other tech firms. Bonuses are a far cry from 100% base that most other HFT firms pay. Even Comcast has been paying better recently. Undergrad hires make 90k + 5k bonus, Grad hires get 120k + 10k bonus and after that small raises. Go to Citadel, Jane Street, D.E. Shaw or Hudson River Trading among a few if you want to be paid well. I haven't seen any ivy league or top tier school hires in tech in a long time. A lot of good people are leaving.

Many people who don't pull their weight and are just clipping a paycheck (it is good work life balance, great job security because they never fire anyone in tech). You could be doing the job of n such people but only get paid n% more in recognition for that. Senior managers are busy trying to hire more people who report to them because that is how they make more money. I am glad to have left and should have done it a long time ago, will regret the loss in lifetime earning for a while. I personally know a few people who were contemplating the same.

Technology is very mediocre, nothing exciting. The firm operates at a scale where they can make money if the systems keep running. They have a lot of resistance to adopting open source technologies and instead develop poor ripoffs internally. As an example their version control system locks up regularly slowing people down, enough said!

Don't come here if you are young and looking to learn exciting technologies and make money.

Advice to Management

Stop being so cheap and stingy with the money, technology is not a step child, look at how other firms pay.

Was this helpful?

Susquehanna International Group Interview Experiences