Slashdot Mirror

← Back to Stories (view on slashdot.org)

High-Frequency Programmers Revolt Over Pay

Posted by kdawson on from the crying-all-the-way dept.

An anonymous reader writes "Programmers who design and code algorithms for investment banking are unhappy with their salaries. Many of them receive a low 6-figure salary whereas their bosses — who manipulate these algorithms and execute the trades — often earn millions. One such anonymous programmer points out that he was paid $150,000 per year, whereas the software he wrote was generating $100,000 per day."

1 of 1,018 comments (clear)

  1. Re:Bosses earn too much by tehcyder · · Score: 1, Troll

    Yeah, really. Six figures for a programming job is fantastic pretty much no matter how you slice it. If it seems like the guy who's making ten times that isn't contributing a commensurate amount over what you do, well, welcome to reality. Especially the reality of trading and finance.

    The trader who earns ten times more than you is directly earning the company money, you are just part of the overhead. If he makes the company one hundred million profit in a year, it's not unreasonable for him to earn ten million or more.

    --
    To have a right to do a thing is not at all the same as to be right in doing it