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- 4/5/25
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I currently work in a tech team at a BB bank. Didn't really enjoy the tech work here and thus wanted to switch to quant. I have 2 offers with me atm and am confused what to take as both are of different nature.
1) Risk Quant at a top hedge fund - It's a top 10 hedge fund by AUM. The role comprises of standard risk research like Var , Factor Modelling etc, and framework building and reporting, what usual risk quants do.
2) F.O. Quant at a top European Bank - Its a quant analyst role in the prime services quant team. Here the work would be more on building tools for traders and a bit of collateral and inventory optimization qr.
Both salaries are comparable atm and i don't really care about my starting salary as I am pretty early in my career. I care about money down the line, lets say after 5 years.
My main concern with the hf is that since it is not tied to the trading division and rather sits in the 'risk management' division of the company, will the salary progression be as good as quants linked to trading desks?
I also liked the kind of work more at the hedge fund, but I am just skeptical of this, since I have seen at my current firm as well that people who do shitty work but are linked to a trading desk get paid more than risk guys/ppl who do similar or better work but at M.O / B.O. teams.
Really appreciate inputs from the community.
Thanks!
1) Risk Quant at a top hedge fund - It's a top 10 hedge fund by AUM. The role comprises of standard risk research like Var , Factor Modelling etc, and framework building and reporting, what usual risk quants do.
2) F.O. Quant at a top European Bank - Its a quant analyst role in the prime services quant team. Here the work would be more on building tools for traders and a bit of collateral and inventory optimization qr.
Both salaries are comparable atm and i don't really care about my starting salary as I am pretty early in my career. I care about money down the line, lets say after 5 years.
My main concern with the hf is that since it is not tied to the trading division and rather sits in the 'risk management' division of the company, will the salary progression be as good as quants linked to trading desks?
I also liked the kind of work more at the hedge fund, but I am just skeptical of this, since I have seen at my current firm as well that people who do shitty work but are linked to a trading desk get paid more than risk guys/ppl who do similar or better work but at M.O / B.O. teams.
Really appreciate inputs from the community.
Thanks!
