Factor of undergrad Prestige in becoming a Quant

I understand that becoming a quant requires at least a masters and Ph.D and that risk analysis and similar desk analyst roles are completely different jobs than investment banking, but is there a similar "target school/semi-target/non-target" attitude in which getting a quant job is largely dependent on the amount of recruiting or interview spots for one's undergraduate college, or is it similar to a programming/computer science job in which roughly everyone is paid on a similar scale (except for a handful of elite) with a lot of upward mobility for salary, and undergraduate institution doesn't play as big of a role as it would for IB, and instead grad school is what matters most? Also, is it possible to get into a good MFE grad school with hard work in undergrad?

Sorry this is probably an extremely basic question but I'm not very familiar with the general field and couldn't find detailed answers online for these specific questions. I'd greatly appreciate anyone taking the time to clear up a few of these questions for me!

7 Comments
 

MIT?

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Ut tempora id soluta. Ullam optio quo animi sint similique. Asperiores ullam facilis culpa odit laudantium suscipit. Enim inventore ut amet qui consequatur.

Vitae incidunt voluptas et. Quaerat a itaque nisi sapiente qui. Molestias qui soluta voluptates alias veritatis consectetur minima. Voluptates ut tenetur nihil a ut in officia deleniti.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • Millennium Partners 98.1%
  • D.E. Shaw 97.1%
  • Blackstone Group 96.1%
  • Citadel Investment Group 95.1%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.1%
  • Point72 98.1%
  • D.E. Shaw 97.2%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.3%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (240) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”