I guess the $150k is what you gained for the company. What is the relationship (if any) between this figure (once aggregated over a year, or whatever) and how much they pay you?
I get a percentage. I don’t want to disclose specific details of my compensation, even anonymously, but in my industry I have seen anywhere between 25% and 65%. Higher than 65% usually requires putting in your own capital and less than 25% is usually a different situation. There are also a lot of places that do discretionary bonuses rather than fixed percentages, and that can work great, but for me personally it creates a lot of anxiety to not be able to calculate exactly what I’m making.
I’m a futures trader. The week before last was my best week at my current company. $150K baby!
Grats! You know, the MIRI’s 2013 Summer Matching Challenge is still on, if you need tax deductions :)
Please elaborate. Algorithmic trading?
Yeah. I would call it automated futures market making.
I guess the $150k is what you gained for the company. What is the relationship (if any) between this figure (once aggregated over a year, or whatever) and how much they pay you?
I get a percentage. I don’t want to disclose specific details of my compensation, even anonymously, but in my industry I have seen anywhere between 25% and 65%. Higher than 65% usually requires putting in your own capital and less than 25% is usually a different situation. There are also a lot of places that do discretionary bonuses rather than fixed percentages, and that can work great, but for me personally it creates a lot of anxiety to not be able to calculate exactly what I’m making.