Jane street quant salary reddit. Have put … Few people understand this.

Jane street quant salary reddit There's great teams with good culture, wlb, growth, and pay. 100-250k for quant research (quant trader is used interchangeably). 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. I recently finished my interviews with Jane Street research (in NYC). 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. I fell in love with functional programming (e. 244K subscribers in the csMajors community. Based exclusively in London, G-Research is a quant research and technology firm whose quants start on salaries of £150k ($198k). 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. I’ve never done quant finance so I’ll leave it to others to tell you how to prepare for that. Get app Get the Reddit app Log In Log in to Reddit. 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. We have a 150k signing bonus and they have a 175k signing bonus. Bloomberg more media / product focused. Jane Street 100. That's roughly how easy/hard it is. 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. For example, Jane Street's base salary for new grads has increased from 150k 4-5 years ago to 300k now. Also notably, a lot of well known companies (Tesla, Intel, Credit Suisse, Blizzard, 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. I was forwarded here as the best place to ask, so here it goes. 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". I was a quant getting paid low to mid six figures / yr having worked for 4 years. (Assuming these guys can actually run the whole strategy themselves at Millennium as well as they did at Jane Street. £4-5 k/mo) which is nonsense. Heard places like Jane Street pay much more, but have no idea what these figures are. 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. More practical towards quant / trading imo. 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. Get a good foundation in your network and good learning environment will go long way. Open menu Open navigation Go to Reddit Home. Also can always earn more money later in career, the compensation jump is massive once hitting senior. 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. 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. Yes, for quant/trader. After taxes this is worse than getting in a good/average company like IBM in Switzerland. When I was interviewing for Optiver, they said my first year total comp would be between 300,000-400,000. Renumeration varies from industry to industry, so depending on which industry you intend to work in your expected starting salary may be different. The base went up to 275 for traders and 250 for SWEs in April this year according to news reports. 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. 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. So between 250,000 and 400,000 seems like a reasonable ballpark for a quant research position. ) end up doing 10-15 years down the line? Title. 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). MIT’s MFin program can be quantitative as MFEs if you want to (just half the people don’t want to be quants). conditional probability problems with dice or coins. For quant roles, only way to get in is possibly with experience. They are super quick in terms of responding, usually around 24 hours. 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. Log In / Sign Up; Advertise on Reddit; Is it true that salaries of quant software engineers 83 votes, 80 comments. I First some background, I am a senior and am heading to a quant shop for full time this summer. 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. . 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. For a new grad pay can end up being 300-400k split between salary and annual bonus. 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'. 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). If they have apac/european offices then they may be in nature different from the ones like Jane Street. 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. (e. 03 Radix Trading 100. If anyone can tell me their experiences at interviewing at these types of companies that would be really helpful. 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. 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. Those are company names. I was looking at Jane Street's posting for quant research, and I noticed their base salary goes up to 300k for quant research. In any case, extremely helpful answer, I knew there Get app Get the Reddit app Log In Log in to Reddit. 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. The median quant compensation within the top tier quant firms is favourable to the median compensation at 34 votes, 33 comments. If you work at Jane Street, you have to deal with OCaml. New grads salary at Jane Street UK . Probably quant trader and quant analyst as well but I haven't seen the offers for those. 38 votes, 42 comments. I am 32 years old and might want to relocate to New York for personal reasons. While their starting salaries were extremely high, I don't think any of them were 600k right out of the gate. The unexpected thing was the cut. While quant traders are well compensated, they don't enjoy title bumps and career progression that people at FAANG have. As others have said, people search for WLB, TC, opps etc. 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. Two $270K Median total pay. 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. 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. HRT is a company with full name being hudson river trading. I totally agree that getting the Did a ton of math competitions (4x AIME qualifier). The average Quant Researcher base salary at Jane Street is $158K per year. for talent. , Haskell, OCaml, lisp, etc. 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. There is very less information available online about salaries of quants working in India. 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. 8k (changed but unknown) BAML(IB/S&T) = 15. 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. Learn more in our Ad and Cookie Did a ton of math competitions (4x AIME qualifier). New. Quant jobs are prestigious by nature and firms does not matter. 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". 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. SIG is at 200k for its base, don't know their bonus structure. Jane street would teach you programming paradigms that just about no one in industry uses. g. I’d also try for renaissance technologies. 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. 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. 258K subscribers in the csMajors community. Also, went front to back on greenbook, heard on the street, and then grinded HMMT and AMC probability questions. I have two offers one for a quant trader Skip to main content. 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. 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. 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. Not really true. Learn more in our Ad and Fortunate enough to land a first round for the Quant Research intern role. I'm talking about companies paying >£70k for a fresh grad. It'll be somewhat heavy on signing bonus though (altho if u can stay ur regular bonus will compensate it disappearing). How do Flow Traders compare to the rest of prop shops, like Optiver, IMC, etc. ) fall below the average, while most people won't know most companies in the top 100. I've searched this subreddit for a list of highest paying companies in London, but couldn't seem to find anything. So interested in people's view on what sort of salary to expect with following YOE. The estimated total pay range for a Quant at Jane Street is $216K–$342K per year, which includes base salary and additional pay. Disastrous_Pay_2076 The Reddit Law School Admissions Forum. I work at a top HFT/prop trading firm and consider them a Jane Street Salaries trends. 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. A subreddit for the quantitative finance: discussions, resources and research. The average Quant base salary at Jane Street is $197K per year. The reason that it took me a month to reach the final stage was I was travelling around Europe during this time. 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. I’ve heard Jane and 2Sig are two of the best places to work as an SWE in HFT/quant lol. 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. 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. the data quality is not very good for those companies. 53K subscribers in the quant community. 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. Comp is very good. big_cock_lach • Quant Research rarely hires undergrads. If you somehow were able to play that game to a very high level I assume you would get an interview. Open comment sort options. some top prop shop paying same as BB SA (i. I’d imagine it’d be the same for Internships as well. Quant trading is much more execution focused. A 16 month internship looks way better than four 4 month terms. Another is G-Research. I applied to Jane street about a month ago, have gone through 3 phone interviews, and am invited to the on-site interview stage. You are welcome to opt out if you would like. Cuz big names like the ones OP mentioned are mostly not what you said. as people form top iits generally fall in that criteria that is why they only go there. Also, 200k base salary is very high. 16 to Amazon (13 Amazon + 3 AWS), 13 Jane Street, 9 Microsoft, 7 Google, 7 Meta, 4 Netflix, etc. 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. Share Sort by: Best. Source: had an offer and have a friend who had an offer. Money will probably be no object to you if you get a quant offer. ) Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. 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. r/cscareerquestionsEU A chip A close button. Not quant in general just Jane Street/Citadel/etc. View community ranking In the Top 5% of largest communities on Reddit. ? I. 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. The average additional pay is $73K per year, which could include cash bonus, stock, commission, profit sharing or tips. Reply reply Shadow_Wolf_2983 • Oh ok sorry I didn’t know. 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. 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. Reply reply We have a 250k salary base and they have a 300k salary base. edit: what u/dancforever and u/ParadigmaticThinker say is also very true. I got to know about the interview questions asked in Jane Street but they were not as tough as I expected. AFAIK, Facebook pays ~£75k, Bloomberg ~£70k, and trading firms like Citadel, Jane Street and Two Sigma pay >£100k. I have a bachelor's and 3 years of professional SWE experience. Plus they tend to have crazy intern benefits like iPads, first-class flights, luxury intern housing, trips to exchanges, etc. The main reason quant salary gets talked about so much is because of the massive new grad pay. 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. Or check it out in the app stores As good as HRT and Jane Street. 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). Thanks for the answer! How would you say Jane Street compares to Optiver in terms of pay, work-life balance etc. 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. 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. Citadel made 28B gross last year, and returned investors 16B net of fees. 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). The average additional pay is $66K per year, which could include cash bonus, stock, commission, profit sharing or tips. Fun is in the eye of the beholder. 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. The estimated total pay range for a Quantitative Trader at Jane Street is $200K–$317K per year, which includes base salary and additional pay. Jane Street is all MIT but other quant trading firms (especially the elite options mm like citadel and optiver) will Jane street. com), except for new grad offers as I figured that recruiting season is mostly over by now. 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. what would be a reason to leave Optiver for JS? You can assume that Optiver pays 200k for first-years. 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. Bonuses are paid on top. 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. Get the Reddit app Scan this QR code to download the app now. 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. 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. To me they are all very very difficult. 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. fyi shows quant traders intern offer. Q&A. I was dropped from Jane Street's quant research & trading application processes, but I'm currently being considered for Sales and Trading. All insane numbers. Jane Street employees rate the overall compensation and benefits package 4. There's bad teams that are stressful Neither Jane Street or Two Sigma are known to be toxic. It's quite an intriguing language. 6 months later and we've made low 7 figures in profit. Our experts in New York, London, and Hong Kong review trends from 2023 and look ahead to 2024. fyi to post their internship salary. 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. (estimate) for an Analyst to HK$2,000,000 per year (estimate) for a Quantitative Trader. 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. 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). 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. 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. 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. Many started there right out of undergrad. Due to personal circumstances I need to fund myself from 2021, so I need to prioritise salary. Controversial. How much can a quant make straight out of undergrad? Is it true that top firms (e. Depends on the firm. 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. 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. At firms, especially ones that are highly automated like IMC or HRT, your job as a trader is to execute and manage risk. Reply reply Top 1% Rank by size . 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. 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. Susquehanna (a solid 2nd tier firm) is giving fresh grads, Bachelor's degree with 0 experience, $325k in their first year. If your comparing Jane Street type firms vs JPM type firms, then Jane Street recruits will likely make more. 44 salaries for 30 jobs at Jane Street in Hong Kong. I got an interview for a New Grad FPGA Engineer at one of the big trading firm like Jane Street, HRT, 2Sigma, Optivier. Bonus at a discretionary firm, 3+ years experience 200-1. Have put Few people understand this. 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. Sorry I can't help the people DMing me. 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. FapStarLord • Intern pay is low, around 75/hr for SWEs . Old. Base salary is $300,000. Idk about culture and wlb as I don’t work there, but the people are nice. This site uses cookies to help us learn and improve. It's also impossible to know those numbers unless you work in HR at Jane Street. 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. 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. One of my long distant cousin works for Graviton. Really depends on the tier of the firm. But average first year salaries are usually around 250-350k on a “regular” year. 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. Im a Y1 studying computer eng and i am interested in quant analyst because i heard about the starting pay + sign on bonus. 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). From there you’d just have to perform well. The average Quantitative Trader base salary at Jane Street is $184K per year. 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. 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). r/cscareerquestions A chip A close button. For some reason people act a bit funny about naming companies like this but in Clearly not everyone at Jane Street will receive $1. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. that is why jane street will take anyone who can solve REALLY tough maths problems. Culture > money especially early on your career. 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). Have read their probability and markets interview guide but was wondering Jane street. Not HFT as it's become a meaningless term. 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. 126 votes, 127 comments. Interested in what sort of salary progression should expect by years of experience (what is sort of average salary progression). video Global Market Structure & Liquidity Trends. I have several friends who work at Jane Street. Therefore, would like to ask here Quantitative Research at Jane Street. Or I am pretty sure there is a difference between a Jane Street Quant and an AQR quant. Best. Less pay and less interesting work. The average additional pay is $46K per year, which could include cash bonus, stock, commission, profit sharing or tips. 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). 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. Neither is high frequency trading. jane street, two sigma, citadel, and jump trading are others. If it helps, here is a list of compiled 2023 salaries in certain industries: -FIN SERVICES - Aon (Tech) = 7. 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. One of those firms is Jane Street, whose $200k starting salaries we've written about before. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. 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. I did a BUNCH of dice game problems. 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. 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). All the OCaml I somehow very luckily scored a Jane Street interview but for trading. The Pay is insane ($450k), they hire some of the smartest people. 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. This sub will be private for Go to quant r/quant • by bad_alpacino. 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. Same applies to a good amount of other top tier ones. Expand user menu Open settings menu. Other firms such as Optiver and IMC have raised base salaries I believe from ~110k 4-5 years ago to ~200-250k now. 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 is an exceptionally well managed organisation that has less employees but even the starting salary is over 4cr. On Reddit and Blind I’ve heard etc so there's a wide range of experiences. 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. e. 6/5 stars. I've only seen Jane Street offer 200k base for new grads. To generalize, at the vast majority of firms, your bonus will grow faster than base. Jane Street employees rate the overall Jane Street's package is $400k for quants, $200k base/200k bonus. 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. Im from a Tier-1 non-IIT engineering college. Base salary is $250,000 - $300,000. A lot of people don't understand that there is IB outside of MBB bracket. r/quant A chip A close button. 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. All about studying and students of computer science. ) There was also a bunch of the usual quant stuff. The best place on Reddit for admissions advice. They will happily compete with Jane Street, Citadel, Jump, HRT, etc. Any idea on how to find out this information (using the Moreover, consider Jane Street's internships for next summer. The estimated total pay range for a Quant Researcher at Jane Street is $160K–$263K per year, which includes base salary and additional pay. Environmental-Pie803 • Not with QR, but accurate for trading. Jane Street and Citadel, Yeah, unfortunately I'm leaning more towards quant research, and I assume bonuses are smaller there. Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. and their only requirments is for you to be insanely good at maths. Feel free to ask more :) Most of the positions are either quant researcher, quant dev or just software engineer. Does anyone have any idea 8. Also, the competition at Optiver is incredibly tough. Thats assuming you are comparing an average JS employee with average JPM employee. 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. Here you could apply for the "Quantitative Trading" or the "Quantitative Research" intern positions. true. there's not enough reports and the level bucketing is suspect. Top. 00 just think about the type of person who would go on level. Add a Comment. 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. Base salary is only one part of Jane Street total compensation, which includes an annual discretionary bonus. Thanks anyway, extremely helpful! Reply reply More replies More replies. Uoft grad here. 5K subscribers in the cscareerquestionsOCE community. 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. And this was in 2023. 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. 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. 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. 5k (changed but unknown) Being a quant at a bank generally sucks. ) 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. For example, Jane Street is 9 to 5 no extra on call but uses weird functional programming languages called OCaml. Levels. 104 votes, 43 comments. I've really wanted to become a quant, so I've been doing quant practice problems. Maybe they are not as amazing as you and your people but they are FPGA devs for quant companies. 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. 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. The average Jane Street salary ranges from approximately £77,796 per year for an Operations to £200,000 per year for a Quantitative Researcher. some I’ve been working as quant researcher as a well known prop shop, considering pivoting for personal reasons. I believe I'm going to get an offer, and I have a call with them soon where they might ask me about expectations. dhlc lyavha yowzlzxx jdaff cbsxr ipxxo uqtefez oelomc bgwf jachswq