Algo trading means so many different things now.
but most people in general applying for entry level positions have strong math, programming and finance backgrounds and advanced graduated degrees...so there you go.
The base is same no matter what part of the bank you are...
unless you are a trader or on a profitable desk the only variation is the bonus. It all depends.. if you are front office.. like say an associate or a VP but dont have your own book than your bonus is dictated by how well the desk has...
yeah prolly fair statement. in todays climate ... 150-250 range for a VP middle office quant.. makes sense. obviously there are exceptions but that sounds about right to me.
Truer words have never been spoken. I think 200k once you get to VP with bonus at a good bank is prolly the number for most financial engineers.
Unless you are a trader at a big sell side bank and making good PnL prop trading or a hedge fund PM you are sitting in the 150-250 range as a...
this is the most bullish season for rates since great depression...you would think the treasury is not gonna issue any more long bonds. lets see how todays fed tone goes. Any less then a strong Dovish hike and we see bear flattening in the curve... i think market is overdone.. and it iwll be...
PM is a very high position. It is the highest position on the buyside and one of the highest positions in the financial world. Getting to that point is tough and requires a lot of large scale views. It's basically like similar progression from an analyst on a trading desk to an MD on a trading...
You add real value to society.
Unless you just want to make more money don't come to this world...there are better things to do. You can probably pull in at entry level 100-150K in a big city at a bank...maybe slightly lower on buyside. if you make it to VP in front office you can get to 250K...
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