Quant dev at Big Bank or at HedgeFund/Family office (with salary)
I am woking as a FO quant VP in a big bank (like Citi, Boa, Barclays). I received a quant developer offer from a family office (AUM 20-30B) in the past.
- current Quant role at bank: TC mid 200k
- quant dev at family office: TC around second half of 300k
my current job is more about building pricing libraries and tools for trading. The offer is a quant dev role in the tech team in the family office, so it is less like a quant and more like a software engineer. I am doing well in my current job, like the teammates and atmosphere, not much stress, high job security, but the salary is not high.
the family office does not have a lot of people (i.e. like 100-300people) Would it be risky to go to such a small firm? But the AUM is not too bad.
ideally I would like to have a job where I can do both modeling and dev job, but this role is only dev, no modeling. On the other hand, I am not sure if I can get any modeling job because I don’t have a phd degree.
should I take this offer? Would it close my door coming back to banks in the future if I didn’t like it?
I will really appreciate if anyone can give me some advice. Thanks!
SFM?
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