Jane Street is different
Why Jane Streets lives on and on and on and on and on and on
When I was at university in the late nineties the dream job for anyone interested in finance was Goldman Sachs or Morgan Stanley front office. I speak to the top STEM graduates from Oxbridge, MIT, and similar places and these days it is private equity or hedge funds. But there is one firm that is top dog through their eye-popping salaries for interns – Jane Street. They have even started to throw large six-figure USD salaries to kids at IIT in India Jane Street hires from IIT Madras
Jane Street’s ability to attract the outlier genius or even the next Sam Bankman-Fried is predicated on Jane Street having lots of money to throw around and significant brand equity.
Briefly on the former, it is worth noting Jane Street’s revenue per employee annualizing Q1 2025 levels is near $10m! The contrast to peers is very stark with only top hedge funds coming on a par.
