Next week the Effective Altruism Forum is doing a Pledge Highlight week, and they asked if I could post an Ask Me Anything (AMA) about my experiences.
Most of the helpful background on me is in my post from last year, 10 years of Earning To Give. To highlight some potential prompts for questions:
- I work as a quantitative trader in London.
- I took the Giving What We Can pledge in 2013 upon leaving university, with a pledged percentage of 20%.
- My household has donated £1.5m over the last decade, or just under 50% of our household income.
- I've had a relatively high level of involvement in the EA community during much of that time period, though less in the past few years.
- My wife and I have 4 kids (14, 7, 3, 0).
I plan to answer questions on Tuesday 17th December, likely during the London afternoon.
Thanks for the AMA! My question has already been asked to some extent, but I wanted to phrase it a different way which gets closer to the circumstances people earning to give in software engineering might face.
Suppose that there was a dire need for people trained as quants doing direct work for some important EA cause area, or at least correlated enough that you would be close to as productive doing the direct work as quant work (controlling for who your colleagues are, difficulty of problem etc).
My question is, what is the minimum salary you would need to be offered for the direct work where you feel like the switch would be worth it?
Additionally, how would you navigate the trade-offs if the direct work was something high risk like founding a startup or non-profit?
I think my if-the-stars-align minimum is probably around £45k these days. But then it starts going up once there are suboptimal circumstances like the ones you mention. In practice I might expect it to land at 125% to 250% of that figure depending how the non-salary aspects of the job look.
I'm curious about the motivation of the question; FWIW my figure here is a complicated function of my expenses, anticipated flexibility on those expenses, past savings, future plans, etc. in a way that I wouldn't treat it as much of a guide to what anyone else would or should say.