Quants will make that first year at top firms but you better have extremely good math skills (math Olympiad etc) and hopefully some coding as well that’s about it for 300k first year that I know of on the street

 

Are you at a target with a high GPA and good internships? 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Out of undergrad? Quant trading at top Prop shops and HFs.

1st year TC band is 200K- 400K. If you negotiate (with competing offers) then you'll be on the 400K end.

But realistically there are probably less than 100 people each year who can break into top quant shops out of undergrad.

You better be a freaking genius.

I have 2 friends who both broke into top quant shops (JS/Citadel/HRT) out of undergrad and they were both pissed off they only made it to the top 500 on the Putnam instead of the top 400 or whatever. Meanwhile I was glad that I made it to the top 1000.

For your average smart person, you can shoot for mid tier quant shops. expect 100K~250K band for 1st year TC.

 
Most Helpful

Milton Friedchickenman

Out of undergrad? Quant trading at top Prop shops and HFs.

1st year TC band is 200K- 400K. If you negotiate (with competing offers) then you'll be on the 400K end.

But realistically there are probably less than 100 people each year who can break into top quant shops out of undergrad.

You better be a freaking genius.

I have 2 friends who both broke into top quant shops (JS/Citadel/HRT) out of undergrad and they were both pissed off they only made it to the top 500 on the Putnam instead of the top 400 or whatever. Meanwhile I was glad that I made it to the top 1000.

For your average smart person, you can shoot for mid tier quant shops. expect 100K~250K band for 1st year TC.

I have a friend that went to Citadel after undergrad, but he was already working FT at a small HF from sophomore year making 6 figures, so he is quite an anomaly. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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