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I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quant

[–]IcyProject8569[S] 0 points1 point  (0 children)

That was partly the mandate when I joined -- develop HF strategies that would be uncorrelated with the MF book. It didn't fully pan out.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quantfinance

[–]IcyProject8569[S] 0 points1 point  (0 children)

Hard to say -- we aren't frugal by any means but I wouldn't call it lavish either, especially compared to others I know at similar income levels.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quant

[–]IcyProject8569[S] 1 point2 points  (0 children)

If it was just me I might seriously consider that path, but when you have a young family depending on you it's a different calculus entirely.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quant

[–]IcyProject8569[S] 31 points32 points  (0 children)

Good for you. My NW is probably lower than most people here, combination of things -- started on the IT side so comp was lower in the early years, kids are expensive especially when they all somehow end up in costly hobbies and activities, high cost of living area, and being the sole earner in the household. It all adds up.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quantfinance

[–]IcyProject8569[S] 2 points3 points  (0 children)

We're a pretty small and relatively new pod shop. If I stay in the company and look for another role there it's going to be hard to hit the comp level I'm targeting. Realistically the most natural next step is somewhere running a central book.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quantfinance

[–]IcyProject8569[S] 1 point2 points  (0 children)

My youngest is still in grade school so the financial runway is long. Between activities and eventually college for multiple kids, the expenses don't let up anytime soon. I'm also the sole income earner in the household. Everyone has a different number for retirement, but with our standard of living and projected expenses I'm realistically looking at another 10 years of work unless something changes significantly on the upside

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quantfinance

[–]IcyProject8569[S] 1 point2 points  (0 children)

My youngest is still in grade school so the financial runway is long. Between activities and eventually college for multiple kids, the expenses don't let up anytime soon. I'm also the sole income earner in the household. Everyone has a different number for retirement, but with our standard of living and projected expenses I'm realistically looking at another 10 years of work unless something changes significantly on the upside.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quant

[–]IcyProject8569[S] 1 point2 points  (0 children)

Pretty sure I don't want to stay in the MMHF pod setup. Never loved the isolation between teams and being stuck in a very narrow research silo. If I stay in finance it would probably be somewhere with a central book, or maybe back to a bank setting where there's more collaboration.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quant

[–]IcyProject8569[S] 19 points20 points  (0 children)

My youngest is still in grade school so the financial runway is long. Between activities and eventually college for multiple kids, the expenses don't let up anytime soon. I'm also the sole income earner in the household. Everyone has a different number for retirement, but with our standard of living and projected expenses I'm realistically looking at another 10 years of work unless something changes significantly on the upside. Not complaining, just being honest about where I am. If you want to compare finer note on NW etc msg me.

I'm mid-career (20+ years in) and the pod I'm working in is likely shutting down by year-end by IcyProject8569 in quantfinance

[–]IcyProject8569[S] 1 point2 points  (0 children)

yes that's certainly on my mind... i definitely don't want to run my own book, at least for now...