PhD quant fund compensation 2022
What is the current 1st year compensation outlook for new quants holding PhDs at either hedge funds or market makers?
A data point I have for a market maker (for any grads/no PhD) is
€25k sign-on
€75k base
€125k 'variable pay' - not sure if this means your potential bonus is capped at €125k even if you make €B for the firm.
Total: €225k
And for a London based trading firm- data from a recruiter from last year (for grads with PhD)
£100k sign-on
£200k base
£bonus structure unknown
Thanks
Also curious
One offer I know (pre-negotiation) for MM in Chicago is 500k (base+min. bonus) + 100k signon.
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