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

 

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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. 

 

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