I’ve seen people talk about how new grads at HRT are making 350k+ and I find that to be crazy. I’ve seen new grad offers from Two Sigma/Jane Street and they are nowhere near. Is this comp true? And if so what other firms pay this high? Does anyone know what comp is like for someone more senior, like 5-10 years of experience at a place like HRT?
The 350k seems in line with what I've seen from HRT. I'm not sure what other firms pay new grads as much other than Citadel with ~400k for the first year (signing bonuses of 150k). The wlb and culture are much better at HRT though. They treat their employees realllllly nice. Pretty sure senior devs/quants at HRT are making 7 figures though I don't know anyone personally, just guessing.
Wayyyy off. Unless you have some proprietary knowledge gained over time, no company will pay you that kinda dough.
Incorrect
I’m now curious what a low to average offer would look like at one of these places. Or is 350k the norm?
AFAIK we don’t lowball candidates, and ~350k is about right for folks with 1-2 yoe out of college. New grad is probably somewhere between 50k to 100k less than that.
Is 700k possible for 10 yoe, infra c++ swe?
What's new grad offers for TS and JS look like?
New grads get around $175K TC
https://www.levels.fyi/comp.html?track=Software%20Engineer&search=Sigma
I've heard 500k for 5 yoe at Citadel
Understand that the HF/prop trading folks will pay a reasonable base; the difference is the bonus, which is generally cash. Yes, numbers like 350k TC are possible for new folks, with a 175/175 split between base and bonus. For more experienced people, 500+ k isn't uncommon, though you base will be lower, think low 200's k. This noted, the hedgies aren't likely in a happy mood at this moment, so hiring will probably slow for now. Give them time.
New grad Jane Street got increased this year, first year TC is close to 400k. Citadel new grad first year TC upper band is also 400k. Note this includes one time signing bonus, but the numbers are possible.
What about non-first year numbers?
If I understand correctly, the base at these firms is fairly low, but the bonuses can be high 6 to low 7 figures.
New grads at Two Sigma are getting 150k base, and 175k base at HRT
What bonuses?