from Hacker News

Ask HN: Will I get locked in a single company going into finance?

by sail on 2/3/16, 12:18 AM with 1 comments

I'm looking for a job in finance as a software engineer in high-frequency trading or trading execution in general.

Will accepting a job from one firm make it impossible to work at another in the future?

In other words, will I end up learning "trade secrets" or general secret-sauce type of things that make me non-transferable, locking me into a specific company for something like the next 2 years?

I don't have a very clear idea of what's involved. I'm not sure if I should be going into finance to begin with.

Any tips or hard-earned wisdom would be greatly appreciated.

  • by smc- on 2/3/16, 1:32 AM

    What time frame are you comfortable with? It sounds to me like you're looking at a 1-2 year span to get your feet wet. There is so much to learn, particularly if you are coming from a non-finance background, I would urge you to consider committing to it for a longer span. Which would mean that you would have greater flexibility and desirability on the other side, should you choose to leave. Otherwise I would urge you to avoid the space..

    There are plenty of bankers, traders, and other sell-side guys that move around. But don't use that as a template for what you're looking to get into.

    To answer your question, will there be restrictive covenants, yes - especially if you are going into buy-side HFT with proprietary in-house algos.