New Grad Quant Hedge Fund Comp

Mar 5 12 Comments

I just got an offer at a small quant hedge fund. Care to review the package for me?

New grad, Undergrad, SWE
1st year: 207K
Recurring years: 173.5K

12

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 TOP 12 Comments
  • Google / R&D
    hoidy

    Google R&D

    PRE
    Google, Amazon
     hoidymore
    Decent for a new grad HF offer. It's not top-band (e.g., DeShaw, Citadel at 250K+) but it's solid and definitely liveable.
    Mar 5 1
    • Google / Other
      meriam

      Google Other

      PRE
      Google, Amazon
       meriammore
      for comparison my offer was for 320K in NYC ~1 year ago
      Mar 16
  • New rust
    If somewhere in the west coast is other than Bay Area, this is good.

    May I ask, what will you be doing as a quant hedge fund at this company? And is your undergrad in Math or CS?
    Mar 5 1
    • OP
      From what I was told, mostly infra work for the first year. undergrad was in CS
      Mar 5
  • MathWorks cJ8oNw
    Damn, that is a great new grad offer, at least compared to tech companies. What's the split in compensation?
    Mar 5 1
    • OP
      Won’t go into details about split, but for reoccurring years,
      2/3 of TC is salary
      1/3 of TC is bonus (target + profit sharing)
      Mar 5
  • Google feral
    Not bad. In NYC?
    Mar 5 2
    • Google feral
      Clarifying: not bad, meaning good.
      Mar 5
    • OP
      Somewhere in west coast, won’t go into specifics cause it’s a small company.
      Mar 5
  • New / Eng sparked
    Nice offer for 0 YoE!
    Do you have your masters?

    Also NYC?
    Mar 5 1
    • OP
      Undergrad, and somewhere in west coast.
      Mar 5
  • New markeg
    It's tough to say.... Can you provide more background on your experience ... Degree, school, gpa, area of focus, prior work experience.... I'd say overall in good. There's been a war for talent.... So I've seen better.
    Mar 16 0