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https://quanwei-tech.blogspot.com/2019/08/top-high-frequency-trading-firms-and.html Disclosure: My total compesation at Google is $460K. You can see exactly how much top high frequency trading firms pay their employees below. Note: 1. The salary data does not include bonus, which could be much higher than the base salary. 2. The salary data is indexed from the Department of Labor disclosure data on H1B and Green Card applications. Citadel Securities https://www.quanwei.tech/?q=citadel%20securities%20americas%20llc https://www.quanwei.tech/green/?q=Citadel+Securities Jane Street https://www.quanwei.tech/?q=jane+street https://www.quanwei.tech/green/?q=jane+street Two Sigma https://www.quanwei.tech/?q=two%20sigma https://www.quanwei.tech/green/?q=two%20sigma Hudson River Trading https://www.quanwei.tech/?q=hudson%20river%20trading%20llc https://www.quanwei.tech/green/?q=hudson%20river%20trading%20llc Tower Research Capital https://www.quanwei.tech/?q=Tower+Research https://www.quanwei.tech/green/?q=Tower+Research Latour Trading https://www.quanwei.tech/?q=latour%20trading https://www.quanwei.tech/green/?q=latour%20trading Jump Trading https://www.quanwei.tech/?q=Jump+Operations https://www.quanwei.tech/green/?q=Jump+Operations Virtu Financials https://www.quanwei.tech/?q=Virtu+Financial https://www.quanwei.tech/green/?q=Virtu+Financial DRW https://www.quanwei.tech/?q=drw+holding https://www.quanwei.tech/green/?q=drw+holding IMC Financial Markets https://www.quanwei.tech/?q=imc%20americas%2C%20inc. https://www.quanwei.tech/green/?q=imc%20americas%2C%20inc. PDT Partners https://www.quanwei.tech/?q=PDT+Partners https://www.quanwei.tech/green/?q=PDT+Partners Radix Trading https://www.quanwei.tech/?q=radix%20trading https://www.quanwei.tech/green/?q=radix%20trading
Honestly the best indicator of pay is to just look at where the talent goes to, and whether the firm is more research oriented or more trader oriented. If a firm is really small and has a ton of devs from the bigger top firms and ex senior FAANG devs, good sign. If the firm has a substantial research platform codebase and researchers themselves get down and dirty with the C++, good sign. If the firm has substantial code (more than on research backends) dedicated to trade ops monitoring, bad sign (for both devs and quants). If a firm is siloed off and pnl is hidden from employees, generally a bad sign though top performers in such firms do make metric fucktons afaik.
Please summarize. Though this is also completely useless without bonus, salary caps out pretty quickly.
Navigate through partial information is a key to survive in Quant trading.
Base salary is a concrete number. Bonus is a probability distribution. Any concrete bonus number may be as useless as none.
Presumably we shouldn't count RSUs for the same reason?
i missed Jane Street... Jane Street https://www.quanwei.tech/?q=jane+street https://www.quanwei.tech/green/?q=jane+street
This is pretty pointless. Like 1.5 years in my bonus is more than 50% my base
Mr. OP, thanks for sharing all the useful info! May I ask how do u compare your current 460K TC at Google l5 with what u got at Tower Research?
Op, You’re the real MVP!
For the higher-level (and mid-level) positions, salary without bonuses is practically meaningless. E.G. it’s not uncommon for a MD to have a 250k base and 750k bonus
That’s the life. I hope they could have disclosed the bonus data as well.