Quant developer salary reddit quant developer (and sometimes model val. In 2015, everybody programs, and there's a lot of good people out there. Salary of a Quant developer. My question is how much growth can I see over a period of time in my compensation? What do good quant devs not working in HFTs or algo trading using C++, can expect to demand? Dec 25, 2024 · After sharing the compensation data, I received many inquiries on LinkedIn about the differences in compensation among Quant Traders (QT), Quant Developers (QD), and Quant Researchers (QR). Did a ton of math competitions (4x AIME qualifier). So I (hopefully) mastered the hard rounds. $200k is not a low salary in terms of what you can buy with it, as most people think of a salary relative to the lifestyle it provides them (e. fyi salaries and Stack Overflow 2021 Developer Survey salaries 3 days ago · The median Quantitative Developer salary is $210,000. Apr 19, 2021 · According to Baruch MFE 5th year career development report, it shows that most of the graduates not working in hedge funds or high frequency trading are making around 200k 5 years in their job. This is the only thing I think could get you a Quant role at HFT. Also SIG seem to enforce much stricter non-competes, often enforcing at least 12 months between jobs, and depending on the firm that you join, it will likely be un-paid. Software Engineer -> Quant Trader Me - software engineer at FAANG, 4+ YOEs, top undergrad. Also, I think software engineer will be mainly taken over by machine learning and AI. The strange differences between Levels. B. I posted (now removed) my salary progression in the OP as a data point which they said I'm bullshitting/flexing when I've been 1) good at my job (probably not top 5%, but maybe top 10%) 2) lucky because of market volatility induced by COVID so comp has been a bit inflated, especially this year because I Firm: A large sell-side firm Location: Bangalore Role: Quant risk YoE: 6 years Salary: Around 35 LPA Bonus: 20-30 % Hours worked per week: 35-40 This is great for learning about finance, but if we are strictly optimizing for interview chances most of this doesn't matter. and needless to say, impeccable programming skills (both structure of Mar 11, 2025 · The estimated total pay for a Quantitative Developer is $156,000 per year in the Singapore area, with an average salary of $126,000 per year. Just for context: The rounds before were like team matching and technical. Are you a quant developer or a quant? If you want to program, your options are more limited. To add content, your account must be vetted/verified. Few guys in quant getting 1c pa in TC in quant here. 20% of Citadel's investors are employees, possibly more (and the amount invested in the fund grows disproportionately with seniority/role), so in total citadel staff and board made 12B fees + 20% of 16B ≈ 15B. May 26, 2022 · The expected annual income of a Quantitative Developer (Quant) in the United States is between $86,528 and $170,000 per year, with an average annual income of $127,375 per year and a median income of $136,321 per year. Hey do you mind if I send you a pm? Oct 23, 2022 · That's bad news for the young hedge fund quant developers who've got used to earning enormous money. View Quantitative Developer salaries across top companies broken down by base, stock, and bonus. Posted by u/Welcome2Wendyss - No votes and 13 comments I know that starting quant salaries can be absolutely insane (e. PhD quant here. The handful of top paying companies in tech and tech orgs of trad finance. I’m assuming that by quant developer you mean SWE at a financial firm. g. Now, hee's the general rule about financial firms: the closer you are to the money, the more you make. Actually, I just read "programmer" in your post. Obfuscating salary by 25k could help you ensure its anonymity if that's desired while preserving most information! Here's the template I'll use. Aug 9, 2021 · Salaries are slightly higher than the norm in EMEA, but bonuses are generally lower as a result. Received a fulltime quant dev offer with a minimum guaranteed first year comp of $330K. This person's expertise is to create in-house applications that can execute whatever the researcher has found, quickly and accurately. Algo Dev / Trader / QR is still a beast, and it's the position that pays 550k+ new grad. This is perfect for quant developer and quant trader roles. The averages online… We would like to show you a description here but the site won’t allow us. (In the US context) I'm not sure about the scene in india. academic research != quant research and there are very few things that overlap. The main role here is for you to research strats and backrest them using rudimentary programming skills Algo: typically, once the Quant has found a solid strat that they can replicate in the market, the incomplete (but WORKING) code is passed off to the algo dev. The survey highlights how much you can earn as a PhD level quant these days, and makes some of the new salaries for investment bankers and traders look paltry by comparison. Sep 13, 2022 · I come from a software development background and see the starting salaries are comparatively low here. this is base not TC. Selby Jennings compiles the quant compensation report every year, you can request one from their website (by providing them with your salary). ) Get the Reddit app Scan this QR code to download the app now For example researchers have higher starting salary, but it's not uncommon at all for traders to make Base got to $400k, largest bonus I got was just under $850k, but I was earning $350k base at the time, still the most TC I pulled in 1 year though. I have seen many posts arguing that quant is one of the highest paying software engineering positions. Posted by u/Subject-Key-5296 - 6 votes and 10 comments If true quant ability and results need to seriously renegotiate those salaries, or include a bin a structure, can't realistically operate like they want for less than 1m. S. That is pretty much the ceiling for freshers unless they get into ultra good quant firms outside which pays 300-400k. Those $400k bonuses could prove transient. This is inspired by 2023 Quant Total Compensation Thread : quant (reddit. Get into some IVY League. But from my limited circle in this field, most cases someone with a master's degree in math or other quantitative fields starts at 22/23 as a quant dev or Jr Quant arbitrage can get a base pay of 150-180k with TC of 220-250k. Quant research is basically out of the question for most people and I know the least about it. b/c they really love the job. That skill is at the core of every quantitative position, but keep in mind, models are a moving target and continuously adjusting is required on the job. It would be as a quant trader developer (QTD). I think one has 200k abroad. So between 250,000 and 400,000 seems like a reasonable ballpark for a quant research position. Cost of living there is insane, and quant is a job in itself that should have salaries on the right side of the curve. TC will be a meaningful bit more for competitive base jobs. What type of quant you are. $400k base tends to be the ceiling for most career quants in my experience, although the best quants and those at top funds will be able to get a higher base. Usually they only have 3 roles. Quant Strategist/Quant Trader/Quant Researcher. everyone thinks “quant” automatically equates to 500k salaries and every single financial company is a high frequency trading firm. The starting salary will probably be the same if you get your PhD, although you might get an additional starting bonus. Quant developer - this is where a developer is necessary. … Jan 27, 2019 · If you're looking at any jobs at quant firms that pay first years 250+ all-in, I think the number is a lot higher since these firms tend to compensate devs comparably with quants. I heard that it's 10k from some, but other said it can be up to 100% of your base salary when your full time. The clearest way of increasing your chances of getting interviewed at a top tier firm (at a place like 213 votes, 201 comments. Salary Job Posting; The #1 social media platform for MCAT advice. Hi, since working 2 years full-time in the industry as a quant (EU) I have noticed that software engineers are not really… For quant trading, this is true, as you’ll just be executing algorithms (mainly mental math is a must), but for quant developer (which is the job role that iits get), you need really really really really good understanding of networking, OS structure, infrastructure etc. com), except for new grad offers as I figured that recruiting season is mostly over by now. I would have tried for quant in undergrad, but just never knew about it! My brain is much more suited to this kind of problem-solving than software engineering. That said the most popular for this stuff is python from what I’ve seen in job listings and talking to other AMs. sign on depends how much they want you. The market will not improve; the reason is because the banking/finance sector is more regulated in Canada; there are only a few hedge funds in Canada with quant jobs. HRT and JS hire a lot of Core Dev / Quant SWE. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. 290 votes, 39 comments. bonus: $175k. Hey do you mind if I send you a pm? That's bad news for the young hedge fund quant developers who've got used to earning enormous money. it depends on a few factors. Hello, as per the title, I am an Aspiring Quantitative Developer but would like to know more about what a Quant Dev actually… Quant in a bank in London at 4y experience at 55k seems very very low. Your level of education. in tech you can become a founder or at least technical co-founder, or end up in VC, or move more to the management and business side at bigger companies, not to mention the variety of roles from pure SDE to MLEng to pure blue The people who make the upper-tier salaries in quant finance are those who are deeply passionate about the field and really grind after-hours, are willing to put in the extra time to sharpen their skills, etc. there's more overlap in a back office quant role, but it's still not a big enough overlap to offset someone with the equivalent number of years in industry Also worth mentioning that I think RenTec has the highest paying quant jobs, but probably followed closely by citadel! Reply reply traders101023443 Jul 4, 2022 · What do quant developers who make the upper crust of salaries, do that sets them apart? Dec 19, 2023 · role: quantitative research and development. Your corporate grade, and most important, what is the corporate grade of the quant role it is you're applying for? Understand that the base salary for someone of a similar role and a similar corporate grade would be Working at one of the 4 big HF citadel, point72, Balyasny, millennium. I would say average comp for average year for average 4 yoe quant should be around 500-600k. The business is pretty competitive, so it's hard to say (from the outside) whether they have the infrastructure required to really be competitive in the HFT space. Yeah but anyone can do it if they plan a bit ahead, you can go this high for swe too Intern random company -> intern at faang++/smaller quant firm -> intern at cit/js/radix/hrt/other prestigious firm -> interview for other firms for new grad when you get your return offer -> bid them against eachother to get 500-600k first year tc 300k base pay is for experienced hires. yea were quant adjacent, work with a lot of quants, so our comp is closer to their structure and bonus heavy whereas most employees bonus is 30-40% of salary. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. Unfortunately, quant salaries/bonus are likely to be much higher than normal software engineering jobs. Quant Trader/Developer is usually Math +CS at top universities. Whereas quantitative analyst will always be needed to interpret complex data sets and orient decision making. In India, the annual salary of a quant developer may vary between INR 14 lacs to 2 Cr, depending on the responsibilities and qualifications. If you want to have a chance at a quant job,you will need to get a job in the US pretty much. salary: $150k. Although I am not that familiar with risk roles, I have heard they pay less than other quants especially those generating direct alpha. In fact a lot of quant jobs at top firms don't require any experience in finance, and probably not VBA either. Posted by u/Business_Jacket7346 - 1 vote and 1 comment Waise agar bhut hi chull hai HFT me kaam krne ki to ek treeka hai. A common denominator to almost all (excl. . Now the final round of interviews is approaching were I will talk to HR the first time. "Quant" is a basically meaningless term at this point, not unlike "AI". Salary of a quant developer varies depending on the firm size, role, and country. That's my situation. Salaries may remain at $200k. Every company will need quantitative analyst in the next years, but not every company will need software engineer. If you want to post and aren't approved yet, click on a post, click "Request to Comment" and then you'll receive a vetting form. if 200k bought you an K12sysadmin is for K12 techs. Reply reply Street_Buy4238 This can be somewhat verified by looking at the job postings of NY firms as they are by law required to include the base salaries. Quant: heavy focus in math, less so in programming. expected bonus should be somewhere in the ball park of base pay for new grad. There's again significant difference b/w the 2. N. Lead C++ Quant Developer £300k-£400k+ total comp package Remote from Europe Requirements: Background within HFT Highly proficient in either C++, GO or Rust Entrepreneurial mindset BSc, Msc, PhD in a quantitative discipline it says mid -snior level , what could be the expected YOE? A subreddit for the quantitative finance: discussions, resources and research. Agree with u about Radix, TGS, Headlands. It will get more sophisticated. Quant risk management - this individual is more involved with downside testing. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. this candidate had a competing offer from citadel HF. Citadel made 28B gross last year, and returned investors 16B net of fees. 107 votes, 41 comments. that pay ToM base (and add'l comp). I’ll just speak about what I know the most about: trading, SWE, Quant Developer. highest guaranteed 1st year JS offer for a new grad i've seen was 900k in 2021 (expect lower for 2022+), which included sign on. 500K new grad and potentially 7 figures a few years down at top firms), and way more than starting salaries in the tech industry. hours per week: 40. But I think some hedge fund do recruit quants from even tier 2, JP Morgan had recruited around 2-3 guys from my college for quant role but salary is no where near quant at HFT. I think Tower Research Capital has a Quant Strategist role but they only hire from top IITs. (I say unfortunately because financial institutions soak up all the good talent and waste it. So if you're a quant researcher, coming up with models, you make a lot. 400k TC. ehhh. However, I was wondering if making truly big money- say, getting a 9+ figure net worth- is more feasible in the quant or tech industry. K12sysadmin is open to view and closed to post. Also known as a front office quantitative analyst, sell-side quantitative analyst, or quantitative pricing analyst Found in investment banks Requires an MSc, but PhDs are preferable Annual Total Compensation: $250,000+ Medium Stability Medium-Poor WLB High Stress High Prestige High competition and low demand Not sure what you said to trigger these people lol, but i’ll try to answer the question. I would love to know more about BMO Global Market Developer/BMO Quantitative Developer work life balance (i. new grads are usually in the 200-250k range. ( Read the Quant Job Observation to know more) What would be the median or 75%ile salary of Quant Researchers/traders 10 years out of college ( a ballpark figure ofcourse) ? Some general views from you about the following view points I have : ( in case you have time) Posted by u/EmbarrassedBenefit - 10 votes and 19 comments When I was interviewing for Optiver, they said my first year total comp would be between 300,000-400,000. e what time do they usually start working and when they usually end), tech stack commonly used, and what's the bonus like. If you mean quant with 4 years of experience within a hedge fund, then it heavily depends on performances. Nov 21, 2022 · Quantitative Finance Salaries - How much Money do Quants Make? Quantitative Developer: $200,000 - $300,000: Job Post: Tower Research Capital. Your experience. And a lot more for top of market jobs (especially for more senior levels). ) of those position is the necessity to build models to answer questions. Here’s a quick rundown of their roles and typical compensation structures. so many here are so uninformed of quant finance. I know the salary I would be happy with, but I don't want to undersell myself. It's kind of confusing but Quant Research positions usually require Math/Physics PhDs. And I believe we will talk about salary expectations then. I actually meant a quant developer, and not a quant trader. Other than this given my less than 2 years of experience spanning two yearly comp discussions, yes, it does increase every year. in STEM + 5 years as a quant. I would think that you'd have to bring more to the table than just programming. Jul 4, 2022 · What do quant developers who make the upper crust of salaries, do that sets them apart? Dec 19, 2023 · role: quantitative research and development. A quant developer would generally be fine tuning certain parameters, researching, doing analysis, backtesting their results, whilst a software dev would look into the non functional tech taks, like the environment onboarding, robust Yes it definitely depends on the company's pay structure, like for 2021 onwards flow traders pays out 35% of the bonus over 4 years but this would still be taken into account as "unrecognised variable expenses", pre 2021 bonuses were given in the year that the bonus was recognised so the values above were indeed from 2020 results. At big BB's: it's like this. i don't The average remuneration package is still huge regardless of the bonus, and when asking about a particular job most people assume a base comparison to the general population. I would be joining their accelerator programme, with the intentintentintent to join their HFT team. Also includes outliers like tech orgs in quant finance with much longer tails. They create and test the algorithm. For example, on JS website the base pay for QT/QR NG is 300k while 250k for SWE. Optiver can be less and they will always pay it. If you're a quant dev, implementing those models, you make less. What do quant developers who make the upper crust of salaries, do that sets them apart? role: quantitative research and development. As others have mentioned quant researcher is a more statistically advanced role and does need masters + research experience or a PHD. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Finishing up my bachelors in CS (and math minor) this year and finished my job search for full time. If you’re going into a quantitative analyst position, the salary will probably be a bit lower. job satisfaction: very high. Members Online UChicago: GPT better than humans at predicting earnings I'd emphasize flexibility and breadth of opportunities in tech compared to qfin: ~2mil jobs vs ~30K jobs and it matters. Quant trader - front office desk We would like to show you a description here but the site won’t allow us. yoe: 7. It's a buzzword. uwsaq ljrzgn cltpvm seqziv vood dufpquq zncgy frxz vpvju wgdxufz gtxlg mmh gfxeazm qrou csmierq