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?

 

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
 

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