It really doesn't matter. Even the lowest paid quants should be hitting that average number within 3-5 years at worst. If the quant has a Master's or PhD, should be less than 3 years.
Assuming the "average" quant employed has 10 years of work experience; that number should be ~$200k. Just from experience...I have no real data to back this up. But sometimes no data is better than bad data
I just want to point out that not all quants are equal. I would expect that average risk quant for example to be making around 200k 10 years out, absolutely. However, said risk quant would be working very comfortable hours 9-6...
Hi MRoss, no the bonuses are not included in the article as they depend heavily on the organization and its performance for a given period. And yes, the data shown is for new hires since again the pay for experienced quants varies a lot and depends on their performance, skills, and qualification. The article is a guide for people who are trying to get into this profession.