Jane street quant salary reddit. Im from a Tier-1 non-IIT engineering college.

Jane street quant salary reddit Citadel made 28B gross last year, and returned investors 16B net of fees. Open menu Open navigation Go to Reddit Home. I didn't like the culture or the interview, though (it was very focussed on 'here's a mathsy brainteaser', and I really don't enjoy that kinda If you score a quant firm internship (Jane Street / HRT / Citadel), you'll make a lot of money and also get exposure to a very interesting industry. I’ve never done quant finance so I’ll leave it to others to tell you how to prepare for that. After taxes this is worse than getting in a good/average company like IBM in Switzerland. Members Online Jane Street Avoids Disclosing Secrets to Millennium in Dispute One of those firms is Jane Street, whose $200k starting salaries we've written about before. I really like Jane Street, no complaints at all--culture is good, being a trader there is genuinely fun, great WLB, pay is great, relatively low turnover. I have heard that someone from an IIT got a Hong Kong internship from Jane Street but nothing more, the probability of even getting an interview is low. Thanks anyway, extremely helpful! Reply reply More replies More replies. Jane street SWE interview is like any too Hi everyone, I'm a student going into my second year of mathematics at university in the UK and recently applied to Jane Streets quantitative trading 2023 summer internship program (London). He told me, the best way to work for HFTs is to either be from top IITs with 9+ cgpa or have experience from foreign/American trading companies like Jane street. I remember in one of the salary threads from a few years ago (somewhat recent but not this last year for sure) somebody said they got an offer from JS for $150k + $50k/yr "performance"-based bonus, and the bonus was expected to Jane Street will probably hire only 3-4 students from all IITs combined. There's great teams with good culture, wlb, growth, and pay. Jane street would teach you programming paradigms that just about no one in industry uses. New grads salary at Jane Street UK . What is the highest salary at Jane Street? At Millennium they'd be making something resembling a 20% cut of the strategy's profits, so you can infer that to be competitive with that kind of deal JS would certainly need to pay many tens of millions each. The base went up to 275 for traders and 250 for SWEs in April this year according to news reports. Idk about culture and wlb as I don’t work there, but the people are nice. I was a quant getting paid low to mid six figures / yr having worked for 4 years. (e. I got to know about the interview questions asked in Jane Street but they were not as tough as I expected. H Two Sigma is a bit different than Jane street , but nonetheless I believe someone like Jane Street pays out performance bonuses so they may start you at like 100k and if you are actually good at what you do, you will just get huge bonuses instead of salary bump. Also, 200k base salary is very high. If you somehow were able to play that game to a very high level I assume you would get an interview. As others have said, people search for WLB, TC, opps etc. We have a 150k signing bonus and they have a 175k signing bonus. Share Sort by: Best. The Pay is insane ($450k), they hire some of the smartest people. SIG is at 200k for its base, don't know their bonus structure. Last year it paid 65/hr, but fulltime pay is solid , almost approaching js and hrt around 400 for return Consider the median compensation from OPs data. The estimated total pay range for a Quant Researcher at Jane Street is $160K–$263K per year, which includes base salary and additional pay. Jane Street employees rate the overall compensation and benefits package 4. That's roughly how easy/hard it is. com), except for new grad offers as I figured that recruiting season is mostly over by now. What are some highest paid internships in the EU/UK? To contribute to the list, Facebook pays £5k per month in London Morgan Stanley pays £15-£16 per hour in Glasgow (this summer) Does anyone else pay more than 5k per month? Any idea about Citadel and Jane Street? Share In the US getting into a top quant firm (two-sigma) would probably net you more money compared to FAANG, but in Europe this is not the case since even Jane Street is only paying ~100k GBP. I got an interview for a New Grad FPGA Engineer at one of the big trading firm like Jane Street, HRT, 2Sigma, Optivier. FapStarLord • Intern pay is low, around 75/hr for SWEs . If your comparing Jane Street type firms vs JPM type firms, then Jane Street recruits will likely make more. But average first year salaries are usually around 250-350k on a “regular” year. Sorry I can't help the people DMing me. Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. Base salary is $300,000. The median quant compensation within the top tier quant firms is favourable to the median compensation at 34 votes, 33 comments. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Cuz big names like the ones OP mentioned are mostly not what you said. Fun is in the eye of the beholder. View community ranking In the Top 5% of largest communities on Reddit. A subreddit for the quantitative finance: discussions, resources and research. They are super quick in terms of responding, usually around 24 hours. Disastrous_Pay_2076 The Reddit Law School Admissions Forum. £4-5 k/mo) which is nonsense. Im from a Tier-1 non-IIT engineering college. I applied to Jane street about a month ago, have gone through 3 phone interviews, and am invited to the on-site interview stage. How much can a quant make straight out of undergrad? Is it true that top firms (e. To me they are all very very difficult. Source: had an offer and have a friend who had an offer. A lot of people don't understand that there is IB outside of MBB bracket. The estimated total pay range for a Quantitative Trader at Jane Street is $200K–$317K per year, which includes base salary and additional pay. And this was in 2023. 5k (changed but unknown) Being a quant at a bank generally sucks. Money will probably be no object to you if you get a quant offer. Quant trading is much more execution focused. Usually, CS undergrads from the old five are cherry picked or someone with a masters Lots of quant traders and researchers at places like Citadel come out of it. Get app Get the Reddit app Log In Log in to Reddit. ) There was also a bunch of the usual quant stuff. It reduces their risk of hiring someone at 300k who isn't capable of producing I don't go to Cambridge [0] but I got an interview with Jane Street for a quant position at the beginning of my 2nd year (out of 4), and I know a few people at my uni who interviewed for software roles. The reason that it took me a month to reach the final stage was I was travelling around Europe during this time. I did a BUNCH of dice game problems. u frequently see them sponsoring maths yt channels like standupmaths and 3b1b But you have to admit that Quantitative Traders need to be naturally intelligent becuase the job requires that. I work at a top HFT/prop trading firm and consider them a Jane Street Salaries trends. 00 just think about the type of person who would go on level. So many different factors but There’ll be more first year quants making 100-250k their first year then there will making 250k+ and <1% will be making anywhere near 500k. All insane numbers. Get a good foundation in your network and good learning environment will go long way. Based exclusively in London, G-Research is a quant research and technology firm whose quants start on salaries of Hey guys, I am a senior computer engineering student, expected to graduate in May 2020. comments sorted by Hey cscq, I'm lucky to have an offer for Jane Street's SWE internship for next summer (junior summer) as well as a return internship offer for a Skip to main content. Jane Street, Citadel, HRT, Wintermute, hedge funds pay £150-200k+ TC to new grads (~£100-150k base, and the rest is target bonus based on pnl). None of this is firm specific, but I can give you some insight from my experience as a quant trader at a similar market maker (imc, optiver, citadel, sig, jane street, drw, akuna). While quant traders are well compensated, they don't enjoy title bumps and career progression that people at FAANG have. Q&A. Seems to be quite obvious up to about 5 YOE, but after that doesn't seem to be much on this sub on how pay progresses from there in terms of 10 YOE, 15 YOE etc. AFAIK, Facebook pays ~£75k, Bloomberg ~£70k, and trading firms like Citadel, Jane Street and Two Sigma pay >£100k. fyi to post their internship salary. r/cscareerquestions A chip A close button. for example, L3 engineer makes less than L1 at jane street? I don't work there, but I've heard they don't have the concept of "levels" to begin with; it's whatever base salary you negotiate plus a large performance bonus. I have a bachelor's and 3 years of professional SWE experience. Neither is high frequency trading. Jane Street and Citadel, Yeah, unfortunately I'm leaning more towards quant research, and I assume bonuses are smaller there. Will he just hand me the 500k salary and some citadel merch? Reply reply Akuna (quant dev) consisted of three leetcode rounds and a behavioral round Reply reply Jane Street is a whole another beast. e. You are welcome to opt out if you would like. On Reddit and Blind I’ve heard etc so there's a wide range of experiences. what would be a reason to leave Optiver for JS? You can assume that Optiver pays 200k for first-years. Feel free to ask more :) Most of the positions are either quant researcher, quant dev or just software engineer. All job titles except for 'Marketing', 'Mechanical Engineer', 'Business For summer 2020 I have a BB SA offer in London (presumably rotating into quant teams). I was dropped from Jane Street's quant research & trading application processes, but I'm currently being considered for Sales and Trading. I've really wanted to become a quant, so I've been doing quant practice problems. 44 salaries for 30 jobs at Jane Street in Hong Kong. 258K subscribers in the csMajors community. I’m pretty familiar with the MIT MFin program (went there for undergrad) and have a close friend who went to Princeton MFin so can only speak on those. (estimate) for an Analyst to HK$2,000,000 per year (estimate) for a Quantitative Trader. I've searched this subreddit for a list of highest paying companies in London, but couldn't seem to find anything. Faangs are not Get the Reddit app Scan this QR code to download the app now Yes, with marbles you can potentially make more than at Jane street. There is very less information available online about salaries of quants working in India. I was looking at Jane Street's posting for quant research, and I noticed their base salary goes up to 300k for quant research. This definition would include places like JPMorgan in London as they can pay over £300k to certain people I think the term OP and others are looking for is either quantitative finance, or just 'trading'. 03 Radix Trading 100. There's bad teams that are stressful Neither Jane Street or Two Sigma are known to be toxic. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. More posts you Reality Check on Salary Expectation I know people in quant who have base salaries of 160k with a bonus of 40k and sometimes not getting paid their full bonus (2017-2019 numbers). Log In / Sign Up; Advertise The estimated total pay range for a Quantitative Trader at Jane Street is $200K–$317K per year, which includes base salary and additional pay. If you work at Jane Street, you have to deal with OCaml. Add a Comment. Depends on the firm. The average additional pay is $73K per year, which could include cash bonus, stock, commission, profit sharing or tips. Here you could apply for the "Quantitative Trading" or the "Quantitative Research" intern positions. and their only requirments is for you to be insanely good at maths. New. Top. They will happily compete with Jane Street, Citadel, Jump, HRT, etc. g. Reply reply weatherappthrowaway • What is it for QR? Reply reply Environmental-Pie803 • 75+25+50 How do Flow Traders compare to the rest of prop shops, like Optiver, IMC, etc. Probably quant trader and quant analyst as well but I haven't seen the offers for those. Thanks for that info Reply reply Palanteos • Aren’t these the firms that only hire a handful of grads though? Reply reply Kilexey • Yeah Reply reply More replies More Recently, I've been thinking about career paths and I am curious as to what the pros and cons of starting as a quant researcher within a BB would be versus starting at a hedge fund like Citadel, Two Sigma, Jane Street, DE Shaw etc. As to why JS pays as much as it does -- the people it wants likely have other choices -- a) doing a startup, b) going into academia etc. Bonuses are paid on top. Reply reply Shadow_Wolf_2983 • Oh ok sorry I didn’t know. The unexpected thing was the cut. Plus they tend to have crazy intern benefits like iPads, first-class flights, luxury intern housing, trips to exchanges, etc. Those are company names. Reply reply We have a 250k salary base and they have a 300k salary base. Jane Street employees rate the overall Jane Street's package is $400k for quants, $200k base/200k bonus. A 16 month internship looks way better than four 4 month terms. Get the Reddit app Scan this QR code to download the app now should know you can make the same amount of money and get climb the career ladder quicker as a swe than you can as a quant. In the US getting into a top quant firm (two-sigma) would probably net you more money compared to FAANG, but in Europe this is not the case since even Jane Street is only paying ~100k GBP. Researchers at Jane Street are responsible for analyzing large datasets using a variety of machine learning techniques, building and testing models, creating new trading strategies and writing the code that implements them. Learn more in our Ad and Cookie Did a ton of math competitions (4x AIME qualifier). I’d also try for renaissance technologies. some top prop shop paying same as BB SA (i. 8k (changed but unknown) BAML(IB/S&T) = 15. Have put Few people understand this. Log In / Sign Up; Advertise on Reddit; Is it true that salaries of quant software engineers 83 votes, 80 comments. 5K subscribers in the cscareerquestionsOCE community. The average Quant Researcher base salary at Jane Street is $158K per year. While their starting salaries were extremely high, I don't think any of them were 600k right out of the gate. Jane Street is all MIT but other quant trading firms (especially the elite options mm like citadel and optiver) will Jane street. I totally agree that getting the Did a ton of math competitions (4x AIME qualifier). I have several friends who work at Jane Street. Get the Reddit app Scan this QR code to download the app now. Due to personal circumstances I need to fund myself from 2021, so I need to prioritise salary. Also notably, a lot of well known companies (Tesla, Intel, Credit Suisse, Blizzard, etc. I would advise to not even look at Jane Street or any other quant firm because they’d instantly reject you based on your JEE Adv rank and as someone unlike popular belief jane street is not a n hft. 6 months later and we've made low 7 figures in profit. Have read their probability and markets interview guide but was wondering Jane street. 53K subscribers in the quant community. This implies the median graduate is getting into top tech firms because top tech firms have median salaries around this range (salary ignores bonus and RSUs). I'm a CS student who worked a typical software engineering job this summer and applied to Jane Street's SWE internship, only to be told I'd be a better fit for trading. At firms, especially ones that are highly automated like IMC or HRT, your job as a trader is to execute and manage risk. Susquehanna (a solid 2nd tier firm) is giving fresh grads, Bachelor's degree with 0 experience, $325k in their first year. Or check it out in the app stores quant trading quant Citadel quant jobs quant crypto quant trader quant career quant Jane Street quant salary quant quantitative quant firms quant Bitcoin quant finance quant Two Sigma quant schools quant advice quant algorithms quant swe quant The average Jane Street salary ranges from approximately HK$199,079 per year (estimate) for an Analyst to HK$2,000,000 per year (estimate) for a Quantitative Trader. Culture > money especially early on your career. video Global Market Structure & Liquidity Trends. This past recruiting cycle I received offers from Two Sigma, Citadel, Old Mission, Hudson River Trading, DE Shaw, Jump, and This is inspired by 2023 Quant Total Compensation Thread : quant (reddit. ) fall below the average, while most people won't know most companies in the top 100. ) Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. Comp is very good. 100-250k for quant research (quant trader is used interchangeably). More practical towards quant / trading imo. 16 to Amazon (13 Amazon + 3 AWS), 13 Jane Street, 9 Microsoft, 7 Google, 7 Meta, 4 Netflix, etc. If anyone can tell me their experiences at interviewing at these types of companies that would be really helpful. Thanks for the answer! How would you say Jane Street compares to Optiver in terms of pay, work-life balance etc. So, from the pdf, I have: Try making some markets on these contracts: Q1: The outcome of a d6, with a choice to reroll once if you don’t like the rst roll for any reason (but you can’t go back to the rst roll if the second turns out worse). It is an exceptionally well managed organisation that has less employees but even the starting salary is over 4cr. I have heard that people end up retiring in 30s or work as a quant I recently finished my interviews with Jane Street research (in NYC). Base salary is only one part of Jane Street total compensation, which includes an annual discretionary bonus. It's also impossible to know those numbers unless you work in HR at Jane Street. on site would be ur final round though I do remember that my recruiter specifically said something along the lines of "you should expect 3 rounds and maybe 4 if they wan't to see a little bit more" with "it is possible that you may get another round of interviews if they're really on the fence with you but otherwise this really should be it". , Haskell, OCaml, lisp, etc. both salary and skill set wise? What is the expected compensation in a 3-5y trajectory? What’s are the exit opportunities, especially to top notch hedge funds and prop Heard places like Jane Street pay much more, but have no idea what these figures are. Learn more in our Ad and Fortunate enough to land a first round for the Quant Research intern role. Open comment sort options. It wouldn’t be a ludicrous argument to say the Jane Street, Citadel, etc type internships are arguably the most difficult positions to secure an offer for out of every internship opportunity in the country. I recently finished my interviews with Jane Street research (in NYC). edit: what u/dancforever and u/ParadigmaticThinker say is also very true. Another is G-Research. that is why jane street will take anyone who can solve REALLY tough maths problems. Not really true. But I am thinking there may be more chances for an improved career trajectory as a researcher at Two Sigma/elsewhere, and the skills may be more generalizable. Our experts in New York, London, and Hong Kong review trends from 2023 and look ahead to 2024. Two $270K Median total pay. big_cock_lach • Quant Research rarely hires undergrads. I work at a top HFT/prop trading firm and consider them a CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Heard places like Jane Street pay much more, but have no idea what these figures are. 3m - top quantitative traders are likely to receive more, and some support staff will receive less - but the high average pay figure helps to cement Jane Street's reputation However, banks' pay is eclipsed by the compensation on offer at a group of hyper-elitist, ultra-secretive quant trading firms. For example, Jane Street is 9 to 5 no extra on call but uses weird functional programming languages called OCaml. Also, unlike tech companies, those from Jane Street/HRT rarely move around (cause why would they since there's no competitors that can pay more Did most people who voted for Google know Jane Street pays 350k for new grad lol, if you’re in CS to make money, JS is the way You are never going to be rich earning salaries because the government takes 40% away The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Hypothetically, I would rather make 500 TC as an energy trader at a noname firm in TX rather than 300 at Jane Street NYC Best way to prepare for SWE interviews at firms like Jane Street, HRT, Citadel etc. Not HFT as it's become a meaningless term. Log In / Sign Up; If you compare salary by experience/position/impact then JPM doesn't even get close to most of the places named here (some are very close/at your number for new grads while JPM pays 50+- for new grads). Obfuscating salary by 25k could help you ensure its anonymity if that's desired while preserving most information! Here's the template I'll use. It seems really cool and I've heard that trading interviews are quite fun (at least compared to our SWE ones) and I wanted to ask you I doubt Jane Street will voluntarily give you their HR employment records. ) end up doing 10-15 years down the line? Title. Do firms like Jane Street or other big firms in EMEA region sponsor visa for non-IITians applying to a Quant Role? Please share stories of people moving to Europe with a visa-sponsored Quant Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. fyi shows quant traders intern offer. the data quality is not very good for those companies. So between 250,000 and 400,000 seems like a reasonable ballpark for a quant research position. My Top tier market makers and hedge funds (Citadel Securities, Citadel, Jane Street, Optiver etc) generally have a cut Go to quant r/quant • by bad_alpacino. They started several years ago at this point, so maybe with inflation/economic changes their initial comp would have been a bit closer to 600k. Bonus at a discretionary firm, 3+ years experience 200-1. 6/5 stars. HRT is a company with full name being hudson river trading. yminsky already does a good job of describing what Jane Street does, and it's not boring work: high-performance, real-time trading with exacting requirements for correctness. CS Career Questions: Oceania A subreddit for CS workers to discuss their career and the First of all, I wouldn't have gotten as far as I did without the information on this sub-Reddit. Firm: A large sell-side firm Location: Bangalore Role: Quant risk YoE: 6 years Salary: Around 35 LPA Bonus: 20-30 % Hours worked per week: 35-40 What do quant traders at top firms (Jane Street, Citadel, etc. How many people are really going to be making $350K USD Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. 5mm Formulaic bonuses are obviously formulaic, but until you reach a pm position with multiple reports you Even the quant Interns we had that time were experienced professionals (Devs or BI's) who switched their careers. Less pay and less interesting work. I'm talking about companies paying >£70k for a fresh grad. Renumeration varies from industry to industry, so depending on which industry you intend to work in your expected starting salary may be different. I’ve heard Jane and 2Sig are two of the best places to work as an SWE in HFT/quant lol. Interested in what sort of salary progression should expect by years of experience (what is sort of average salary progression). I’d say the following firms would be worth applying to: Bridgewater, 2 sigma, de Shaw, citadel, Jane street, hrt, optiver, imc, Akuna, Ctc as they all have researchers. I believe I'm going to get an offer, and I have a call with them soon where they might ask me about Jane Street's salary ranges from $100,701 in total compensation per year for a Product Designer at the low-end to $366,160 for a Security Analyst at the high-end. Or check it out in the app stores Intern random company -> intern at faang++/smaller quant firm -> intern at cit/js/radix/hrt/other prestigious firm -> interview for other firms for new grad when you get your return offer -> bid them against eachother to get 500-600k first year Canva, Amazon, Google, Atlassian and Jane Street paying graduates salaries up to $350,000 In India, only small firms that pay a maximum of 30lpa as a base salary are willing to hire non-IITians. Same applies to a good amount of other top tier ones. 244K subscribers in the csMajors community. I am 32 years old and might want to relocate to New York for personal reasons. Also can always earn more money later in career, the compensation jump is massive once hitting senior. Quant jobs are prestigious by nature and firms does not matter. So interested in people's view on what sort of salary to expect with following YOE. fyi collects anonymous and verified salaries from current I think it's Jane Street - I know they're paying >£170k base to some people in London now. Does anyone have any idea 8. I believe I'm going to get an offer, and I have a call with them soon where they might ask me about expectations. Currently working for a trading firm and have helped interview for interns and the interns with longer internships have been able to demonstrate better knowledge of the things they were working on and were suited better to the professional environment compared to short term summer interns. I was forwarded here as the best place to ask, so here it goes. Based exclusively in London, G-Research is a quant research and technology firm whose quants start on salaries of Get the Reddit app Scan this QR code to download the app now Differences between prop shop (Optiver, Wolverine, Akuna) vs HFT (Jane Street, Sigma) in terms of salary prog, WLB, job descriptions for quant dev? Student Jane Street is a prop shop, Two Sigma is mainly a hedge fund. One of my long distant cousin works for Graviton. I’m just starting my quantitative researcher position at a bank, and my base salary is 150,000 with a target bonus of 125,000. I received an email today confirming that I have been invited to a phone interview that they have said tests my "quantitative problem-solving skills". Jane Street 100. Jane Street Trading Desk Operations General I’ve been invited to complete a take home assignment for this role but can’t seem to find much about what TDO’s do, outside of the vague information that’s written on Jane Street’s website. But unlike swes, quants don’t really climb the ranks that Jane Street and Citadel, Which are based in London for the EMEA area though, I thought that visa issues allowed them to keep an economic moat and not match salaries across locations. (Assuming these guys can actually run the whole strategy themselves at Millennium as well as they did at Jane Street. for talent. In any case, extremely helpful answer, I knew there Get app Get the Reddit app Log In Log in to Reddit. Not quant in general just Jane Street/Citadel/etc. Do "Quant Traders" at Jane Street actually sit and click trade throughout the day? Or are they running algos and fine-tuning parameters throughout The point of a blog post like this is to give information to people who have already answered for themselves the whys of wanting to interview at Jane Street. Old. One of those firms is Jane Street, whose $200k starting salaries we've written about before. Most people working in Jane Street / Optiver are either Olympiad medalists or brilliant IIT graduatesI mean, hardwork will give you a good paying job, but 500k+ salary at these sectors requires you to be smarter than the smart guys PS. Environmental-Pie803 • Not with QR, but accurate for trading. Also, the competition at Optiver is incredibly tough. 38 votes, 42 comments. Citadel is authorized for up to $500k TC for straight out of Since, on some venues, the fill information is disseminated earlier than the publication of time and sales of done deals. Many started there right out of undergrad. true. Controversial. The average Quantitative Trader base salary at Jane Street is $184K per year. It'll be somewhat heavy on signing bonus though (altho if u can stay ur regular bonus will compensate it disappearing). The average additional pay is $46K per year, which could include cash bonus, stock, commission, profit sharing or tips. Or I am pretty sure there is a difference between a Jane Street Quant and an AQR quant. The average additional pay is $66K per year, which could include cash bonus, stock, commission, profit sharing or tips. r/quant A chip A close button. The average Jane Street salary ranges from approximately £77,796 per year for an Operations to £200,000 per year for a Quantitative Researcher. jane street, two sigma, citadel, and jump trading are others. Bloomberg more media / product focused. How does the salary as a Quantitative Research at Jane Street compare with the base salary range for this job? The average salary for a Quantitative Research is £155,754 per year (estimate) in United Kingdom , which is 22% lower than the average Jane Street salary of £200,000 per year (estimate) for this job. Other firms such as Optiver and IMC have raised base salaries I believe from ~110k 4-5 years ago to ~200-250k now. After that, I studied some game theory and focused specifically on open-ended games bc Jane Street loves those for later phone rounds and somewhat for the onsite as well. ? I. some I’ve been working as quant researcher as a well known prop shop, considering pivoting for personal reasons. Does anyone have any idea how much new SWE grads get at Jane Street UK? There is no info on the web apart from their New York office. Im a Y1 studying computer eng and i am interested in quant analyst because i heard about the starting pay + sign on bonus. Also how much do quants make at Hedge Funds like Citadel/Jane Street? and your role was more of a One of those firms is Jane Street, whose $200k starting salaries we've written about before. there's not enough reports and the level bucketing is suspect. Base salary is $250,000 - $300,000. To generalize, at the vast majority of firms, your bonus will grow faster than base. For quant roles, only way to get in is possibly with experience. I’d imagine it’d be the same for Internships as well. This site uses cookies to help us learn and improve. All about studying and students of computer science. I have two offers one for a quant trader Skip to main content. Any idea on how to find out this information (using the Moreover, consider Jane Street's internships for next summer. The thing that was distinctive about my Jane Street interview experience was that they made me do mental math - problems that would be easy if you wrote them down, but the interviewer said I had to do everything entirely in my head. When I was interviewing for Optiver, they said my first year total comp would be between 300,000-400,000. All the OCaml I somehow very luckily scored a Jane Street interview but for trading. ) and Jane street looks like a very interesting option - solve complicated real world math problems using functional programming language :) Sounds like a dream job! I have two questions: Get the Reddit app Scan this QR code to download the app now. Based exclusively in London, G-Research is a quant research and technology firm whose quants start on salaries of £150k ($198k). However, I am wondering what the usual amount for sign-on and If we're talking USD, 500k is reasonable at the citadel and `Jane `street. The estimated total pay range for a Quant at Jane Street is $216K–$342K per year, which includes base salary and additional pay. For some reason people act a bit funny about naming companies like this but in Clearly not everyone at Jane Street will receive $1. I First some background, I am a senior and am heading to a quant shop for full time this summer. I've only seen Jane Street offer 200k base for new grads. I received full-time offers to both places for quant trading, (Optiver, SIG, Citadel, Jane Street etc) will all be highly regarded, and they’ll all know what they’re doing Reply reply Gorrila12345 And they pay you base for the entire I was wondering if I manage to get a job as a software engineer at Jane Street, Go to Reddit Home. Getting to 7 figures seemed highly unrealistic in the next 5 years or so, so I took a gap year to start a tech company with a friend. Does Jane Street have faster connectivity to other venues with similar products, and so they can aggressively take against makers knowing that the market is already higher or lower elsewhere. The average Quant base salary at Jane Street is $197K per year. Uoft grad here. Two Sigma/Jane Street/Citadel) can start at 300-400K? Edit 2: JS didn't even bother interviewing me for any position for Summer 2023. Based exclusively in London, G-Research is a quant research and technology firm whose quants start on salaries of Get the Reddit app Scan this QR code to download the app now. both salary and skill set wise? What is the expected compensation in a 3-5y trajectory? What’s are the exit opportunities, especially to top notch hedge funds and prop Yeah, tho for two sigma and Jane Street you just need to code well (two sigma is pure LC-like while Jane Street Final is mini projects) Reply reply More replies More replies Pablo139 Median salary is $135k and average salary is $150k. Really depends on the tier of the firm. If it helps, here is a list of compiled 2023 salaries in certain industries: -FIN SERVICES - Aon (Tech) = 7. Other than steal it, this is what I suggest you do: Go to LinkedIn Enter "Jane Street" in the search box Click "People" Filter by role "Engineering" Click each of the 216 profiles listed and note down their tenures in a spreadsheet Calculate average tenure by dividing the sum of tenures by the number of people Jane Street released a game called Figgie which is a recruiting tool. How can I get an interview at a top firm, like Jane Street or Millennium? I don't mind taking an internship, or an entry level position. r/MovieTheaterEmployees is THE place on Reddit to share your experiences as a current or The point of a blog post like this is to give information to people who have already answered for themselves the whys of wanting to interview at Jane Street. . It's quite an intriguing language. r/cscareerquestionsEU A chip A close button. How do Flow Traders compare to the rest of prop shops, like Optiver, IMC, etc. For example, Jane Street's base salary for new grads has increased from 150k 4-5 years ago to 300k now. I fell in love with functional programming (e. why these interviews tend to be described as difficult I've been interviewed by plenty of quant firms, and I always researched their interviews beforehand and talked to my mates who interviewed there. MIT’s MFin program can be quantitative as MFEs if you want to (just half the people don’t want to be quants). This sub will be private for Go to quant r/quant • by bad_alpacino. Thats assuming you are comparing an average JS employee with average JPM employee. 126 votes, 127 comments. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Salary seems to be better on the hedge fund side (200k-300k starting vs 100k-150k at BB), but is there embedded I'm interested in understanding the annual revenue (or per-employee revenue) figures for these quant firms: Optiver, Jane Street Capital, Two Sigma, Hudson River Trading, Old Mission Capital. Maybe they are not as amazing as you and your people but they are FPGA devs for quant companies. Levels. The main reason quant salary gets talked about so much is because of the massive new grad pay. From there you’d just have to perform well. 104 votes, 43 comments. Best. If you score a quant firm internship (Jane Street / HRT / Citadel), you'll make a lot of money and also get exposure to a very interesting industry. Therefore, would like to ask here Quantitative Research at Jane Street. Or check it out in the app stores As good as HRT and Jane Street. Yes, for quant/trader. Also, went front to back on greenbook, heard on the street, and then grinded HMMT and AMC probability questions. Thanks to everyone here :-) I recently had final round trading internship interviews with both Jane Street and IMC and did not get an offer from either. Expand user menu Open settings menu. The best place on Reddit for admissions advice. as people form top iits generally fall in that criteria that is why they only go there. I would note that the disparity between tech salaries and quant salaries seems a lot larger in Australia (as tech pays a Jane Street is at $350k USD (fully remote role, open internationally). For a new grad pay can end up being 300-400k split between salary and annual bonus. conditional probability problems with dice or coins. 20% of Citadel's investors are employees, possibly more (and the amount invested in the fund grows disproportionately with seniority/role), so in total citadel staff and board made 12B fees + 20 votes, 18 comments. If they have apac/european offices then they may be in nature different from the ones like Jane Street. From some people I heard it is £75 k, others say its £100 k, the numbers that I find on Glassdoor are often in a very wide range, inconsistent or unreasonable, e. I would have tried for quant in undergrad, but just never knew about it! My brain is much more suited to this kind of problem-solving than software engineering. Reply reply Top 1% Rank by size . Experience with Jane Street math OA? Company Question I applied on the evening on 17th and the next morning I got an email that “We have received your resume and would like to consider you for a trading position“ (although I applied for SWE internship) and asking me to confirm whether I’m ready to receive a “4 question 30 minute online test”, which is heavily implied to be One of those firms is Jane Street, whose $200k starting salaries we've written about before. ylinq ubertpz hvymf ninma vahn georpo ypiwk rsvmvl fffl ovmbsu