Saw a thread on S&T base comps and know this sub-thread also covers a few things about prop trading. What are the typical comps for entry/junior/graduate traders at prop shops like Optiver/Flow/IMC/Akuna/DRW etc?
I believe I heard for Optiver it was 150/50/50? That may have been for SWE though and not Graduate Trader or maybe it was for Graduate Trader with Offers from competitors. Does anyone have more insight on some of these Total Comps for Prop shops?
Bump
I would guess 150-200k base is typical at some firms now. Flow was 100k 5-10 years ago so they may still be lower than that range. First year bonuses may be quite volatile at some firms if they are linked to firm performance.
SIG: 150k base, 250k tc
Jane Street: 200 base, 425 tc standard
HRT algo dev starts at 375k tc, 175k base
Citsec: 150k base tc between 300k-500k w median probably in the mid 300s
IMC: 150k base tc 250k to 350k w negotiation
Optiver: 150k base, about 320k to 350k tc depending on the marble
Five Rings: 375k w 175k base. Might be higher this year
These are all much higher than reality. For reference, 95th percentile for citsec 1st year is ~450k. Five rinks TC is closer to 250k for 1st years all in.
Not sure if you're referencing offers from years long ago.
All of these numbers that I can confirm are actually completely accurate. I actually know of a ~$450k data point for Five Rings trader new grad. They start devs at $300k so it would be ridiculous for a trader to get $250k. The industry is undergoing somewhat rapid change and compensation has altered to reflect that.
Bases are in line.
Anyone know anything about Flow or DRW comp?
Flow - 100K Base + Stub bonus
What would you estimate an average yearly bonus to be?
interned at DRW, it was 140k prorated with a bonus for what it's worth
Do you have any expectations of what bonus would be on average/good/bad years?
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