Anyone know what the comp growth looks like for quant dev at citadel (hf)? I’ve heard 15-20% increase on bonus every year for high performers - is this accurate?
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Not true. Early years maybe, but later on very much effort and market based. There are even some people who got hired with very high TC and getting 0 raises for the last 1-2 years.
Is this more of (if market is good) the standouts get fast progression but it takes a lot more to standout and for the rest there isn’t much growth?
exactly. Also, if market is good but you are average, you may still be "corrected" to market average - happened in 2021. But high flyers made bank that year.