Quant Researcher: To Be or Not to Be

Sep 3, 2019 14 Comments

Can/should I move to a top finance company as a Quant Researcher?

I just joined Google (< 1 Year ago), and I have a PhD from an Ivy school in ML.

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TOP 14 Comments
  • Appian Ejvt23
    What’s your current TC at google?
    Sep 3, 2019 4
    • Deloitte / Mgmt Helfrich
      @postdocml, I am curious- what's your base ? And YOE?
      Sep 3, 2019
    • Google postdocml
      OP
      170+ 15% Bonus + Stock that probably a good (but not excellent) offer @ Google. My friends with less credentials could negotiate to get 300K+.
      Sep 4, 2019
  • Citadel Securities Xnrs10
    Probably you could. Citadel has two related roles: quant researcher (comes up with signals, spends most of their dev time in R/Python) and quant dev (turns signals into $$$s, more coding and less analysis though still a mix, spends most of their dev time in Python / c++). My guess is that low/mid-level researchers have better TC here and rock star ML people have better TC at FAANG.
    Sep 3, 2019 2
    • Google postdocml
      OP
      Do you have any estimation of TC for a quant researcher with my background (PhD +postdoc +1 yoe at google)? Thanks!
      Sep 3, 2019
    • Citadel Securities Xnrs10
      It will vary a lot, and you _might_ get a pnl share as part of the TC. If citadel really wants you though they will be able to crush any competing TC from FAANG particularly at low/mid career YOE
      Sep 3, 2019
  • This comment was deleted by original commenter.

    • Google postdocml
      OP
      Tbh, I like making money. I’d like to save some money and start my own company. However, @Google, I feel like I’m just wasting my time (everything is much slower than my pace) and seems that no body cares.
      Sep 3, 2019
    • Lyft / Eng fdehnj
      OP you are totally right, Google is very slow and hires less smarter people than Quant Researchers at top finance firms like HRT, Citadel etc. You should definitely start preparing.
      Sep 3, 2019
  • Goldman Sachs fake engineer
    Aside from the ones you already heard about, try Vatic, they like PhD stats specialists. You'll work your ass off but the money will be worth it.

    I think you clearly are bored, so it would be the right move.
    Sep 3, 2019 3
    • Goldman Sachs fake engineer
      Keep us posted on this thread what you find. I'm looking too since I'm bored like crazy here, I have a math + ML engineer/data scientist background but am having some trouble since most places seem to want hardcore devs.
      Sep 4, 2019
    • Google postdocml
      OP
      Will do! I’ll probably apply in 2 months after some preparation
      Sep 4, 2019

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