- Joined
- 11/25/17
- Messages
- 2
- Points
- 13
Hey All,
I’m new on this forum and I just wanted to ask (since it’s so difficult to get any consistent information elsewhere on the internet) just how much each different kind of quant can expect to make at the junior-mid levels.
From my understanding, there are three major types of “quants”, yes? Quant Analysts, quant traders, and quant developers (and quant researches, I suppose). How much can a person in each one of these fields expect to earn in their first year? What are the base salaries at a good company in NYC, and what do the bonuses look like? I’ve heard numbers for juniors in “quant roles” (whatever that means) making 300$k all in the first few years. I’ve also heard numbers like “barely above 100$k, even after a few years”. Which is it, and for what roles?
Quant traders are the only ones with who get a portion of P&L, correct? I would assume that they would be the group with the highest potential compensation?
What are the requirements to become a quant trader versus, say, a quantative analyst?
I’m new on this forum and I just wanted to ask (since it’s so difficult to get any consistent information elsewhere on the internet) just how much each different kind of quant can expect to make at the junior-mid levels.
From my understanding, there are three major types of “quants”, yes? Quant Analysts, quant traders, and quant developers (and quant researches, I suppose). How much can a person in each one of these fields expect to earn in their first year? What are the base salaries at a good company in NYC, and what do the bonuses look like? I’ve heard numbers for juniors in “quant roles” (whatever that means) making 300$k all in the first few years. I’ve also heard numbers like “barely above 100$k, even after a few years”. Which is it, and for what roles?
Quant traders are the only ones with who get a portion of P&L, correct? I would assume that they would be the group with the highest potential compensation?
What are the requirements to become a quant trader versus, say, a quantative analyst?