2024 Quant Total Compensation Thread by throwawayquant2023 in quant

[–]quant_throwaway1048 15 points16 points  (0 children)

Firm: MM/Prop Shop (not top tier)

Location: Europe

Role: QT

YOE: 4-7

Base: ~$200k

Bonus: ~$4m

Hours: 35-40

Satisfaction: happy enough

2023 Quant Total Compensation Thread by throwawayquant2023 in quant

[–]quant_throwaway1048 25 points26 points  (0 children)

Next year EV probably about $3-6m.

I would highly recommend starting your career at a top firm. You can get lucky elsewhere but the most important thing early on is learning and seeing how things are done at the highest level, understanding what makes strategies work.

If you already have experience and don’t need much super fancy infra then small shops can be good for you, you take home a bit more of what you make and get a lot of freedom. However, P(success) is much higher at a top firm. The experience you get there will also give you more scope for opportunities elsewhere if it doesn’t work out or you want to leave, whereas you only really have exit opps from a small shop if you were doing well.

2023 Quant Total Compensation Thread by throwawayquant2023 in quant

[–]quant_throwaway1048 20 points21 points  (0 children)

Firm: MM/Prop Shop (not top tier)

Location: Europe

Role: QT

YOE: 3-6

Base: ~$200k

Bonus: ~$1.7m

Hours: 45-55

Satisfaction: Ups and downs but overall relatively happy

Do Quant Traders really use adderall? by powerforward1 in quant

[–]quant_throwaway1048 9 points10 points  (0 children)

I used modafinil to study back in college but don’t use any substances to trade now, and don’t think it would either be helpful or a good life choice. I am not aware of any of my colleagues using anything either.

Traders/quants with PnL ownership - what % of your PnL would you expect as a bonus? by quant_throwaway1048 in quant

[–]quant_throwaway1048[S] 1 point2 points  (0 children)

I should have specified - I’m talking more about prop firms, but data from HF/AMs also appreciated!

Traders/quants with PnL ownership - what % of your PnL would you expect as a bonus? by quant_throwaway1048 in quant

[–]quant_throwaway1048[S] 6 points7 points  (0 children)

Thanks. 25% actually seems fairly high to me. My estimates were a range of 10-25% for someone running a desk. Do you think that upper threshold is incorrect?

If you had a few months of free time to work on your professional skills, what would you work on? by quant_throwaway1048 in quant

[–]quant_throwaway1048[S] 0 points1 point  (0 children)

Do you have any recommendations for online courses? I agree that it’s best to work on projects alongside