Citadel / CitSec offer evaluation
Expecting an offer around $1M first year ($750k + 250k signing) for a QD role in Miami. Was wondering if anyone has any data points on what offers can look like for this role. I have 6-7 YoE and currently am a MLE in FAANG, but previously worked at a competitor.
Based on the most helpful WSO content, Citadel's first-year compensation for quant developer (QD) roles can be highly competitive. For example, a previous data point indicates that Citadel offered $400k for a first-year quant dev role, broken down as $150k base, $150k signing bonus, and $100k guaranteed bonus. However, your expected offer of $1M ($750k base + $250k signing) is significantly higher, likely reflecting your 6-7 years of experience and current position as a Machine Learning Engineer (MLE) at a FAANG company.
While there isn't a direct data point in the WSO dataset for a $1M first-year QD offer, it's worth noting that Citadel is known for rewarding top talent, especially for experienced hires transitioning from competitive tech roles. If you're considering this offer, you might want to evaluate:
If you're still uncertain, negotiating for clarity on performance bonuses or equity components could help you better assess the total package.
Sources: Q&A: Top Quant Firms First Year Comp 250k to 400k, Q&A: Top Quant Firms First Year Comp 250k to 400k, Wanna Jump Straight to the Buy Side?, I'm a Senior Sell-Side Research Associate, Q&A, Q&A: Equity Analyst & Trader (VP level) at $12+ bn Hedge Fund
it's okay but on the lower side for 6-7 yoe. 1.5 is pretty standard nowadays for 4+ yoe
What would the breakdown of a $1.5M offer look like?
something like 300 base + 900 bonus + 300 signing
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