SERVING THE QUANTITATIVE FINANCE COMMUNITY

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ISayMoo
Posts: 1045
Joined: September 30th, 2015, 8:30 pm

### Re: Career planning after 12 years in the field

That all sounds nice *assuming* everyone trusts each other. You haven't solved the trust problem yet.

mbunea
Topic Author
Posts: 101
Joined: March 26th, 2015, 11:39 am

### Re: Career planning after 12 years in the field

That's a hard problem, indeed. Will think more in depth about it when and if I'll have to (meaning I'll actually find some wannabe associates who qualify for the "lighter" requirements), also I'll wanna hear their input into this issue.

katastrofa
Posts: 6276
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

### Re: Career planning after 12 years in the field

mbunea wrote:
[...]
The amount that I quoted ($1000 / month) also has some thought behind it, first being that I can afford it And if I have them then they shouldn't be a problem to other guys living in EU or US (leave aside this: https://www.cnbc.com/2018/01/18/few-ame ... gency.html ). I also quoted a 3 years investment, so there's a stop loss on the money spent. Overall, that would be$36000 on my side, I'll neither bankrupt by losing them nor get rich if I keep saving them. For me it makes sense to try to invest them into something of mugh higher potential, and given my experience, that's options trading.

That's ca a two year salary of a software dev in Romania and 4.5 of an average salary in Bucharest, isn't it?

mbunea
Topic Author
Posts: 101
Joined: March 26th, 2015, 11:39 am

### Re: Career planning after 12 years in the field

Average pre-tax monthly salary in Romania: $1000. Taxes are about 40% so take home is about$600.
Average pre-tax yearly salary for a software dev in Romania, according to PayScale: about $26000 / year. For a junior with 2-3 years of experience, to my knowledge, it's more like the sum I quoted ($36000). But those $36000 if I'd be paying them, would be saved from a pre-tax amount of$60000. And if I'd be paying a guy here *on salary* (there are other methods too), they'd be taxed again, so the take-home amount would be around $20000, the state would effectively engulf 2 / 3rds of the original amount. But for the business I described here and at this stage, I've no use for a code monkey. And besides the few finance/capital market companies here who only employ, ahem, programmers, in 10 years of looking sporadically at local job boards, I've never, I repeat: NEVER saw a quant job. For all I know I may be the only quant in the country, certainly the only options-specialized quant, and that only by accident. The domain just doesn't exist here. ISayMoo Posts: 1045 Joined: September 30th, 2015, 8:30 pm ### Re: Career planning after 12 years in the field Count Dracula's family office switched to Murex two years ago. Cuchulainn Posts: 56926 Joined: July 16th, 2004, 7:38 am Location: Amsterdam Contact: ### Re: Career planning after 12 years in the field$5000 per month (gross) is enough to make a living anywhere in the world, definitely anywhere in Europe and it's not necessarily to have the hired guy living in New York or Palo Alto.

No way. Unless you want to live in a tent or with the parents or a rich gf or bf.

It's so easy to burn through 100K. How soon can you generate revenue?

This is a high-risk (software) project. What is your product?