How much do quants at BBs make?

Curious to know how much the quants at BBs make...

From what I understand most quants have a masters or higher. Can anyone confirm that? Also, is there a type of quant work/product that specifically recruits MBAs over PhDs?

7 Comments
 

One billion.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

I know a first year quant at Citi making roughly 125k all in first year depending on the bonus pool he is in.

"The way to make money is to buy when blood is running in the streets." -John D. Rockefeller
 

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