2.8 mil and 4.2 mil quant

New / Other
570k 8 yrs

New Other

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Uber
570k 8 yrsmore
Nov 24, 2018 12 Comments

I found 2 data points for Quant Researcher at hedge fund on levels.fyi as around 2.8 mil (2 mil bonus) and 4.2 mil. Any one who works at citadel etc who knows if thats even possible or are these just fake data points.?

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TOP 12 Comments
  • Citadel / Eng
    csrtfg

    Citadel Eng

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    Google
    csrtfgmore
    Yeah it’s possible
    Nov 24, 2018 10
    • Google alumnius
      What's the median?
      Nov 24, 2018
    • Citadel / Eng
      csrtfg

      Citadel Eng

      PRE
      Google
      csrtfgmore
      Hard to say. This comes from bonuses so it is affected by market performance. I’m guessing the median is around 800k-1M
      Nov 24, 2018
    • Google / Eng chupanibre
      But is it possible for an average hire?

      It's possible to make millions at FANG too (at director/VP level) but most people won't ever reach that here
      Nov 24, 2018
    • Google / Eng chupanibre
      Also, does one need a PhD for this kind of pay? Or would masters/BSc do too?
      Nov 24, 2018
    • New / Other
      570k 8 yrs

      New Other

      PRE
      Uber
      570k 8 yrsmore
      OP
      Phd if its in math ,stats , Ml etc
      OR
      Masters in financial engg,quant finance,computational finance etc
      Nov 24, 2018
    • Facebook Rdfrt
      @chupanibre I think the median quoted excludes people who can't perform well and are let go which is much more common compared to tech. So it's not "average" in that sense. I also suspect the "caliber" or at least the "qualification" of average quant researcher hired at top hedge funds (even before firings) is higher than the average software engineer at google or FB. So we are not comparing average of similar set of people. Third, the industry is just different.
      Nov 24, 2018
    • Google / Eng chupanibre
      Oh yeah I heard you can't slack off at citadel. What about other firms? Is there any place with both a good wlb and pay?
      Nov 25, 2018
    • Amazon / Eng Bobi
      Is it easy to switch to quant, from ML position. Should I start learning finance
      Nov 25, 2018
    • Facebook / Eng finsta
      Yeahhhh I should go get a phd
      Nov 25, 2018
    • Chase tjPE83
      Note that citadel data also suffers from huge survivalship bias since many low performing ppl are fired quickly.
      Nov 30, 2018
  • Facebook public2
    Possible? More like normal.
    Nov 25, 2018 0

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