What is DE Shaw total comp for new grads like?
Potentially interviewing there and at some other firms in the industry, and was wondering what your typical offers end up looking like?
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Heard 200-250 all in for fundamental research group
Calling BS on this
Don’t know why you are calling BS on that. The large funds (especially quant) are all in that ballpark to a bit higher. $200-300 (including signing bonus) is the standard for top places.
Ahh yes. Its very easy to believe no one could possibly be paid more when you're at almighty Santander / Deutsche Bank thinking you're doing god's work spreading comps for 100 hrs/week and only getting paid 85k, receiving no bonus, and being grateful you weren't fired these past 2 quarter.
@ the HF guy below: yes, exactly. Citadel is known to offer 300+ all in for their trading/quant teams straight out of UG. obviously fundamental roles (arguably requiring less intellect) will not pay as much as trading, but being housed within a quant shop like DE Shaw or two sigma will inherently grant elevated pay for all roles.
Again, if someone wants the truth it’s around 200k all in with talking to ex-workers and new hires in their fundamentals group. Meanwhile the number of negative votes keep going up, likely from hurt egos at banks.
Data point from friend is ~200k new analyst on the fundamental side (fresh out of top target). Place has its own issues tho.
Curious what sort of issues?
Also curious to know what issues he's experienced. And generally what it's like working there straight out of undergrad.
Also curious - what issues with the program. Heard from a former intern that it involves a heavy “quantamental” approach to investing
Curious to know what kind of issues too. Currently applying for their 2025 summer program, would appreciate any inputs.
To start the ball rolling, I've heard that return offers are around 20% ballpark range. Is that for systematic or is it also across fundamental research groups?
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