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Message: <blockquote data-quote="GoIllini" data-source="post: 28250" data-attributes="member: 2252">Total compensation or salary? There's often a significant gap. Absolutely. After about two years, you will start getting random calls from headhunters finding ways to poke fun at your current situation and offering you work at a hedge fund. A lot of the time, though, these will be pure tech jobs. These calls are either interesting, annoying, or demoralizing depending on your feelings about your work that day. :D From the perspective of this financial programmer, the main difference between the hedge funds and the investment banks is that the investment banks have market-making strategies while the hedge funds don't. Market making is a lot more boring (but also easier to break even in) than the proprietary trading that the hedge funds and other parts of the bank do. Also, some of the most complicated financial products only get built at investment banks.  I would say that in general, hedge funds tend to specialize in making bets while investment banks tend to cover the spectrum of financial services. Most banks have some proprietary trading as well, but there's a lot more jobs for that at the hedge funds. Most people find a roommate and split a two bedroom. Typical UWS 2 bedroom with 750 square feet might go for $2700. If you live in Jersey City or Hoboken, you can dodge the 4% city tax and get the rent on a two-bedroom down to $1600-$1800 pretty easily.  Then again, it adds 1/2 hour to the commute.</blockquote>

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