Hi all,
PhD “almost” grad here, I’m looking into the quant space. How is the compensation (excluding sign-on) that is expected for new PhD grads for quant research/analyst positions at firms like DE Shaw, Two Sigma, Citadel, HRT, PDT, Voleon and the likes? Base and bonus breakdown?
Glassdoor says about 380k base + bonus as of 2019 for DE Shaw, 365k as of 2020 for Two Sigma, but I suppose it could be averaged out over different YoEs?
Thanks!
Current TC: just above poverty line.
#finance #hedgefund #compensation #quant
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comments
After first year bonus largely depends on the pnl of your models. Could easily hit 7 figs if your models perform.
@other ts im not too sure about new grad modeler offers im extrapolating based on more experienced modeler comp and what i know of the industry in general. If you have other datapoints im sure you might be more right.
The problems they are trying to solve and the skills you'll need to blaze are somehow different so the person that breaks the bank in one industry won't necessarily do in the other
If you take a sample of 100 QR vs 100 machine learning engineer/data scientist in tech, I'm pretty sure a higher percentage of QR will break 1M.
Base rarely exceeds 200k
The typical offer starts at 325-350 and it can go to 400 or sometimes above.