Different types of quant researcher at MMHFs?

When I look at some open roles at MMHFs like Cit,MLP,P72, I can see there is a different opening for quant research positions, where in Citadel; Quant research analyst for bsc/msc/phd, while Quant researcher is only for PhD hire. 

As for MLP, they separate quant research roles into front office investment/core infrastructure, where the requirements between the same roles are quite different(degrees, coding languages[C++ vs KDB+/Q], etc)

Same as P72. 

I would like to know what makes these roles different, and how are they treated? Maybe former as the core infra where they don't actually get involved in a pod, while latter does? And if so what would be the comp exp, career trajectory, etc for the former quant researchers there? 

THanks in advance

3 Comments
 

qualea, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I think you basically stated the gist of it.

There are quants on the platform level that may work on shared resources, such as execution, risk and pricing libraries. Then quants researchers in both discretionary and quant/systematic pods. 
 

I don’t have lot of insight on the details of comp etc for the platform level quants, but I would guess it would be competitive or better than the top in bank side. I doubt comp will be super tied to performance though and upside is still limited unless you make it to business head/partner level. 

 

Ipsum eligendi placeat omnis velit voluptatibus. Velit qui harum unde et molestiae. Quae consequuntur quis iusto non mollitia molestiae. Itaque quia animi voluptatem excepturi neque. Ex voluptatem ab quia iure.

Dolore rerum odio repudiandae praesentium harum pariatur est. Omnis itaque quibusdam et tempore ullam. Odit voluptatem excepturi eum animi qui.

Career Advancement Opportunities

August 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • Citadel Investment Group 97.0%
  • AQR Capital Management 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

August 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

August 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

August 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (233) $178
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”