Citadel quant salary reddit.

Citadel quant salary reddit Yea that's total comp So a 350 would actually be 175 base + 175 sign on Careful with citadel tho if you get fired before end of year one you have to pay the prorated amount of sign on back and idk how much they fire for qr but they fire ~25% of ng traders Finishing up my bachelors in CS (and math minor) this year and finished my job search for full time. I would say those two are comparable to G. com), except for new grad offers as I figured that recruiting season is mostly over by now. Tbf those are super outlier outcomes and are out of reach for the vast majority of students. 5 years out, Citadel will pay just as well as FB if not more, depending on what part of Citadel's business you work for. Most of the positions are either quant researcher, quant dev or just software engineer. Possibly some other more secretive quant fund like TGS. See the salary, bonus, hours and job satisfaction of a quant at Citadel Securities and compare with other firms. I’m in the interview process for a quant researcher position in a Hedge Fund based in Switzerland. ehhh. I would say average comp for average year for average 4 yoe quant should be around 500-600k. This is obviously not a bitcoin or nvda holder, but it is likely some team in {Citadel hf+mm, Jane Street, Renaissance}. If you want the big bucks, you need to take on risk. lmao im def not getting an internship in fintech, haven't got the brains for it. what sort of things do interns work on, is it any fun? asking about swe or quant developers. They are literally the top 1% of Stanford. It is very cheap for the companies to pay interns as they do not pay insurance and other stuff. In the meantime, Two Sigma and Citadel are different stories. i don't the upper bound is only for quant or trading if you are really good, ideally you also have competing offers to negotiate (emphasis mine) Not necessarily, a friend of mine got a £300k TC offer for a pure SWE role (not QR or trader) in London, and he said that was without a competing offer! it depends on a few factors. For people 3-5 years out, the compensation range is quite wide with total comp going from 250k-500k+. over Citadel as an engineer, and there are certainly other better trading firms to be at as a SWE. Posted by u/Electrical_Ad_9568 - 234 votes and 68 comments We would like to show you a description here but the site won’t allow us. Posted by u/BrainBoy170 - 3 votes and 20 comments I wanted to check whether this package was reasonable and in line with what a systematic/quant PM package would look like at a large multi-manager like Millennium or Balyasny. Here’s a quick rundown of their roles and typical compensation structures. Can I expect my base salary to be quite higher than what I currently earn? To make things clear I worked 6y in a top 3 Bulge bracket (GS, JP, MS) as a derivatives trader. What type of quant you are. expected bonus should be somewhere in the ball park of base pay for new grad. Received a fulltime quant dev offer with a minimum guaranteed first year comp of $330K. Edited out my salary progression because Nectarine below accused me of flexing. Seeking… 300k base pay is for experienced hires. Actually everyone in sell side just want to break into the buy side. But 5 years at a quant fund at junior levels obviously nets you a lot more money and that is how they attract candidates. Around 140k is salary, and the rest is signing bonus/yearly bonus. An internship shouldn't be about the money. 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. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. They have 1. The CFTC published a report on HFT returns 10-15 years ago which showed that near triple-digit returns aren't uncommon. The first one has more success stories. I'm not even saying it's Citadel or bust either. Probably in the top 0. in STEM + 5 years as a quant. The average additional pay is $182K per year, which could include cash bonus, stock, commission, profit sharing or tips. 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. DM me if curious Go to Optiver if you're okay with working 50-55 hr weeks and want to get responsibility very fast and get paid accordingly. I have a PhD and have been at the same company. a close friend of mine works at one of the above and the interview was NOT easy for him. You rather have 5 yoe at a top unicorn or even big tech than 5 yoe at citadel/two sigma etc. 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. I get that there are a lot of great trading firms out there, but I want to be in a place where it seems more well rounded. All about studying and students of computer science. . In the quant space it means starting your own firm. “It's not easy being a hedge fund quant or quant developer. Over the past 3 years I have been working really hard, so feel like understand a lot on how PMs think about different strategies and I also understand well derivatives. It’s looking like I’ll soon have to sit out for a year and a half after leaving my current quant trading gig. For finance Citadel is certainly a "grail" for most people, and for engineering its also pretty up there*, but you can make a good argument for going to Google/Meta/Other top tech co. There is a lot of gate keeping in investment banking: quant roles generally require masters or phds, analyst roles generally require strong academic performance in undergrad and internship experience, and entering as an associate usually requires an MBA and possibly a CFA or some other credentials. this candidate had a competing offer from citadel HF. He’s right to an extent. Anyway this is not salary, interns do 3-4months there. 0, etc etc. new grads are usually in the 200-250k range. Probably quant trader and quant analyst as well but I haven't seen the offers for those. 84 votes, 48 comments. 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. In the tech space this means being a startup founder. For reference, my firm's new grad package is around 220k-250k. 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. if you've interned at either of these 512 votes, 195 comments. 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 Citadel Quant Intern: PhD in Math/Statistics/Physics (minimum requirement) who has probably won a math Olympiad at some point. We care about who has the biggest (in dollars) forward-looking expected value of alpha at decent (say, >3) sharpe. Your level of education. The issue lies in scalability; for instance, you might for instance be able to achieve a 90% annual return on $10 million, but things start to break down at $15 million. 8x your salary while doubling your expenses. I do not know much about the intern salaries there (or at least the range), I only know they are (relatively) high and am really curious about the numbers. ) end up doing 10-15 years down the line? Title. Double your salary and double your expenses won’t double your savings. After Matt Greenwood, the chief innovation officer of Two Sigma, the New York-based hedge fund, said a few weeks ago that mid-ranking quants are in a slough of despair, a New York recruiter says hedge fund quant developers on $600k probably need to prepare for a pay cut. I have 3 years of experience as a quant risk modeler in a Swiss Bank, where I currently earn 100k/year. In my experience, there are certain firms that are known for paying way above their competitors, and sometimes just to stop other firms from hiring the talent. This isn't to say that more quantitative roles pay more or anything like that. Last I talked to them they were actively looking for quant or quant dev jobs. PhD quant here. I'm currently in the process of citadel's quant internship, but im quite confused as to how it works I chose semisystems trader as it seems the closest to quant internships from other firms, but the interview says it might include finance knowledge (stock pitch) and programming Companies like Citadel, Jane Street, Hudson River Trading, DE Shaw and Two Sigma all pay an insane amount for talent. Some of these firms include Citadel (Securities & GQS), Millennium, Jump Trading & Tower Research Jan 27, 2019 · From lowest to highest first year compensation, the companies went Two Sigma, DE Shaw, Five Rings, Jump, Old Mission, Hudson River Trading, and Citadel. sign on depends how much they want you. I became a quant right after a PhD and am now a year 3 quant. Has probably published a bunch of research papers / been a professor at university. I then moved to a top tier HF (Citadel, Point72, Millennium, Balyasny AM, TwoSigma, DEShaw) more in the quantitative trading/research side. It is imperative to maintain the interns because hiring is much more expensive. 320 votes, 208 comments. I have been working as quant researcher for about 3 years at one of the top 20 hedge funds in US (not quant hedge fund). Citadel made 28B gross last year, and returned investors 16B net of fees. If you mean quant with 4 years of experience within a hedge fund, then it heavily depends on performances. So between 250,000 and 400,000 seems like a reasonable ballpark for a quant research position. 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 If you are asking about Engineering @ Citadel, you won't get a good answer on this subreddit. And I would ignore the 2k different. $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. Two Sigma was 250k first year all in (150k base, 50k sign, 50k guaranteed bonus) and Citadel was 400k first year (150k base, 150k sign, 100k guaranteed bonus). Posted by u/9_5B-Lo-9_m35iih7358 - 15 votes and 2 comments But still, I was just wondering what the best way to for Citadel trading interviews, or any general trading interview was. Most if not all competed in math Olympiad, usaco, IOI, the list goes on. You'll handle real money after a few months. At big BB's: it's like this. Non-competes in finance seem to work much differently from what I have heard (second hand) is generally elsewhere. I personally know an experienced (risk taking, not execution) quant trader at Citadel who makes less than that amount. also curious about two sigma bc I've heard the environment there is the polar opposite of citadel. academic research != quant research and there are very few things that overlap. I am being offered a base salary of $200,000 with a 20% performance bonus tied to PnL generated. Won’t be able to offer much advice. The other friend does a lot of fairly quantitative work (as a trader) and I'm 1000 bid in infinite size for their comp. I doubt that the graduate salary is going to be that high. What do quant traders at top firms (Jane Street, Citadel, etc. The salary progression isn’t going to be anywhere near as great as front office roles, as a rough estimate I’d say junior come in ~80-120k and then move up to ~200-250k, don’t think I’ve seen many (if any) back office quant roles >250k except for senior management. They went to a top target. but just curious, given the reputation for long working hours and strict culture. While quant traders are well compensated, they don't enjoy title bumps and career progression that people at FAANG have. Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only… Unless you’re an executive or superstar PM at a massive hedge fund, you’re not gonna get 9 figures on a company salary. … This is inspired by 2023 Quant Total Compensation Thread : quant (reddit. You are working for the people actually working in quant finance. 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. Your experience. Obviously there are also people who had a 9 figure year at Citadel after 10 ish years. This total comp usually has the same or slightly higher salary than the new grad offer. I have SWE new grad offers from firms like Jane Street/HRT/Citadel/IMC/etc (not all but you get the gist). Hi, so I am thinking of applying for a quantitative trading/research internship for 2021 (know it is a long way, but prefer to think in advance), and looking mostly at HF/prop shops in London. Citadel's internship can land you in their FTAP program which is know throughout the industry. anyone know about this firm (g-research)? I have never heard of them but a recruiter told me they offer base £415,000 which… It is objectively worse, being a swe in quant firms vs being a swe in tech. e: I don't understand all the downvotes. I think they have some great exits if they ever want to leave. Trying to get an understanding of the spectrum of returns in quant trading: from individual strategies to firm-wide performance Firms like Renaissance Technologies have been cited to produce annual returns in the ballpark of 70-80%, though I can't confirm the risk-adjusted nature of these figures. Nov 13, 2022 · Theres many posts about Citadel NG pay, how does this scale as you work more years? how much do senior quants and MD quants make at Citadel and CitSec? #tech #citadel #citadelsecurities Apr 10, 2025 · The average Quantitative Researcher base salary at Citadel is $216K per year. Your average tax rate will be higher if you make more. Working at one of the 4 big HF citadel, point72, Balyasny, millennium. You are not working in quant finance if you are a software engineer at a quant finance firm (and you are not paid as if you work in quant finance, and there isn't as much stress as if you were working in quant finance). 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 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 We would like to show you a description here but the site won’t allow us. I graduated from Stanford and everyone I know who made it into quant at citadel/js/jump/hrt are absolute demons. 05% in terms of intelligence. Curious about your guy's salary and career progression. Citadel Securities Quant Invitational Ignite Women's Trading Program the base salary range for this role is $250,000 to $350,000. It's quite common for the high end quant market makers like citadel/Jane street etc. Thought I'd share my experience recruiting for qt roles cause most posts on this sub are swe focused. 8 bn AuM and employ 25 people. A user shares their total compensation as a quant at Citadel Securities and gets many comments and questions from other quants. I’m just starting my quantitative researcher position at a bank, and my base salary is 150,000 with a target bonus of 125,000. The whole point of my post is to clear up a misconception. 150 votes, 92 comments. Background - Sophomore at a T10 CS state school majoring in CS but probably graduating early. The “Most Likely Range” reflects values within the 25th and 75th percentile of all pay data available for this role. I've really capitalized on the past 2 years market volatility. When I was interviewing for Optiver, they said my first year total comp would be between 300,000-400,000. The top numbers look excessive. But the pay for Two Sigma is similar to FAANG and Citadel is known for horrible work life balance (basically the Amazon of hedge fund firms). Do note that this is essentially the full time analyst pay you can expect to get if you get converted from your internship. Citadel Securities Quant Invitational Ignite Women's Trading Program the base salary range for this role is $175,000 to $350,000. All have 4. We would like to show you a description here but the site won’t allow us. My current comp is around 240K, which I think is pretty low. May 2, 2006 · 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). 244K subscribers in the csMajors community. So doubling your salary might be more like 1. S. zmq efc gst cjll gol zyyb dds oemt bvoljz glg qzxx stcp euwrd miwki ifhm