A few days ago, I saw a summary of a Yao Wei's presentation in Cao Liang's blog. I know him since the business plan competition. As a veterant in entrepenurship, his dramatic style is too impressive to forget. It triggered me a lot of memories back in ITP. Now in graduate school, it is so hard to find opportunities to engage in some deep conversations like that. Basically, what I do everyday is sleep, lecture, projects and sleep again... After it is gone, I realized that how precious is an atmosphere like that, and how hard it is to find it back.
I read a lot of friends' blog today, I am so glad, or even so moved to see that the passion, comaradeship and the pursuit of bringing something different to the world is still there, although we are spreaded in all kinds of industries now. I do appreciate some people's efforts (park?spiritcell?Hong?) of building
http://www.iteper.net/ . It is a great way to stay in contact. Hope that we could build it to last.
As far as what I have seen now, new york is not the kind of place that a high-tech guy would want to stay. Finance looks like the center of everything here. In the past time in investment bank, you have to command communication to earn a living. Bu these years, quantitative finance has opened the doors to a lot of Chinese guys who is just-so-so in communication but super-smart in math or programming. On these positions, although uncomparable to traders, they make big chunk of money. Say, a CS master could earn 70,000-80,000$ per year, but a quant-support (which is a programmer for real quant/trader) could easily make 100,000- 150,000$ per year and has a much steeper salary curve. This is pure temptation, as it is highly possible to transfer from CS and other engineering discplines to these professions.
A lot of people are seeking this transition. I was tempted too. But when I try to imagine what is going to happen if I choose to go into that industry 10 or 20 years later, I hesitated. I would be a middle-rank manager on a deep hierarachy, and earn probably half a million per year- so what? Do I have any impact? Can I bring any positive changes to the world? Who do I serve besides my boss? It looks that this is not the kind of life I want.
However, I believe there would be friends who want to get into this industry. NYC is definitely the place you should come. A lot of my friends here in finance are living on the edge. They understand the brutality of job market, they are stressed out, they are building connections and they are competing to stand out. This is probably the right attitude and nerve that some one needs to survive in finance. So come to arena.