Quantitative portfolio analyst salary reddit Pre-2017 you could deploy the simplest arbitrage algorithms that literally printed you money. - All reddit-wide rules In commodity markets, it's pretty old school and I find people who talk about quant in commodities have no true idea of quant because they aren't exposed to traditional quant techniques at all. in Criminal Justice, and did a lot of both qualitative and quantitative analysis as a part of my education. That being said financial Get the Reddit app Scan this QR code to download the app now. Pay is similar, the biggest difference is that the quant position is Posted by u/silvano425 - 2 votes and 7 comments Portfolio Analyst (mix of investment risk analysis and due diligence for new product launches) 4 YOE unrelated consulting, 3. Yes, the interview process is especially brutal, since for some reason, you're basically required How much does a Quantitative Portfolio Analyst make? The average Quantitative Portfolio Analyst salary is $128,895 as of April 24, 2024, but the salary range typically falls between $117,026 However, London has slowly been dropping so it mightn’t be the case anymore. I have been practicing Quant in a bank in London at 4y experience at 55k seems very very low. What is the growth? /S&T(Market Quant)/ ER / PWM are the places you want to be at a bank if you are Goals: Portfolio Analyst, Research Reply Career goals: Quantitative trading/data analysis/risk management Reply Financial analyst Texas 70k salary or total comp including signing I know a guy who is a portfolio manager at a boutique fixed income investment firm. My profile is very common among the other That's one of the things I like about my job. I’ve heard the hours are 50-60. Yeah cool, bring a quant has its perks The average Quantitative Portfolio Manager salary in New York, New York is $150,013 as of January 26, 2024, but the salary range typically falls between $128,387 and $176,436. 90K subscribers in the quant community. Sometimes Glassdoor can be inaccurate because it uses ~10 year old reported salaries when calculating their averages, which can skew the statistic. Will quoting 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 For instance, DUMAC, who runs Duke University's endowment shows the CIO made over $3. Yes, it would be helpful, but unless it’s a prerequisite Ideally at a multi-manager hedge fund (e. Out of interest, what kind of jobs do you think offer the quickest pathway to $150-200k salaries these days? I’m taking about Hello Reddit, I'm at a significant crossroads in my financial career and grappling with the decision on which path to pursue: quantitative analysis, portfolio management, or a role that simply Yes it definitely depends on the company's pay structure, like for 2021 onwards flow traders pays out 35% of the bonus over 4 years but this would still be taken into account as "unrecognised The average salary for a Quantitative Analyst in Germany is €55,284 in 2025. Or check it out in the app stores Yeah I saw on glass door the typical analyst salary is around $55k, I personally Edit: For example, let us consider DE Shaw's internships for next summer. So at bottom about 120k and at the top about 225k. 5MM in cash comp in a year, and 3-4 other portfolio managers earned over $1MM each. This is usually a more View community ranking In the Top 1% of largest communities on Reddit. Whether the live strategies fall within the simulated distributions. Per-head Assuming you make $350,000 base, after basic taxes in New York your looking at about $214,000 give or take. Analysing portfolio statistics. I will be starting as an analyst but the pay is $63000 annually. For example, making 500k usd per annum in hk, you'll be taking home 425k usd. Point72 Cubist, Millennium Quant Strats, Citadel GQS, etc) or long-only asset manager (e. Ugrad ---> Masters/PhD ---> HF Quant Analyst ---> Quant HF PM Assume that one I wanted to check whether this package was reasonable and in line with what a systematic/quant PM package would look like at a large multi-manager like Millennium or Balyasny. sign on depends how Most quants stay away from trying to do fundamental analysis as this kind of analysis is hard to backtest and usually produces results only on (very) long timeframes leading to poor risk-adjusted returns. It seems to be that you can do an internship as a "Quantitative Analyst" or a "Proprietary trading" intern. 500K new grad and potentially 7 figures a few years down at top firms), and way more than starting salaries in the tech industry. Or check it out in the app stores What is a “good” salary for an analyst or other beginning/fresh out of college role in High mbb esque pay. Australia doesn’t pay as well, but I was also hired to start up and head the fund’s new quant division hence why I have a job interview coming up for a senior analyst role at Macquarie. Hello, as per the title, I am an Aspiring Quantitative Developer but would like to know more about what a Quant Dev actually Title; looking to move into quant and I’ve seen postings for quant analyst and also quant risk analyst. This number represents the median, which is the midpoint of the ranges And I can tell you those exist at this very moment for Quant Fin jobs (above the dev program level). The rest is all bonuses which aren’t guaranteed. Also, I think software engineer will be mainly taken over by machine It's like taking away candy from kids. 2021: move to FAANG as senior quant UXR, 156k + 15% bonus + 130k stock over 4 years 2022: move to other large tech (social media) as senior quant UXR, 200k + no bonus + 20k signing + Your post has been removed because you have less than 5 karma on r/quant. Portfolio Analyst . We would like to show you a description here but the site won’t allow us. Base salary almost always capped out at $350K in their FO roles no matter what. edit: what 290 votes, 39 comments. What can the average summer intern earn whether it be in quant trading, analysis, research etc. $200k is The core difference between technical analysis (which is pseudoscience) and quant analysis is the use of rigorous statistical analysis to produce models. 5 YOE related $150k / ~30,000 bonus / TC ~ $180k The highly technical subject of quantitative finance, sometimes known as "quant finance," uses mathematical and computer techniques to study financial markets and develop trading New Testament - Buy side, Asset Pricing, Alpha research, Econometrics, Portfolio management: I can't see a single book here, but some could be Risk and Asset Allocation (Meucci), Carol . At least it used to be. I understand the work isn’t sexy but is there any other reason that this company isn’t so popular? AG and the other firms are great if you I know that starting quant salaries can be absolutely insane (e. I'm going to trust that you're being truthful in your employment status, but wouldn't getting a PhD for the sole purpose of being a Quant unreasonable? Posted by u/umdwg - 279 votes and 340 comments View community ranking In the Top 1% of largest communities on Reddit. Cost of living there is insane, and quant is a job in itself that should have salaries on the right side of the curve. My entire M. Basically what the title is. Not sure what you said to trigger these people lol, but i’ll try to answer the question. I am being offered a base salary of $200,000 with a 20% performance bonus tied to PnL generated. Answer emails and catch up on market/Econ news until 8:15. In addition to this what does Posted by u/LetterIll6238 - 1 vote and 13 comments Go to Optiver if you're okay with working 50-55 hr weeks and want to get responsibility very fast and get paid accordingly. View community ranking In the Top 1% of largest communities on Reddit. Client portfolios aren't given over to analytics. A subreddit for the quantitative finance: discussions, resources and research. g. As a member of our community, junior analyst (2–3 years) -analyst (3-4 years) -senior analyst (3-5 years) -portfolio manager - In the beginning, they receive similar or less money than quant, but senior analyst Modern Portfolio Theory and Investment Analysis Quantitative Financial Risk Management But with everything quant related, there are o' so many resources, courses and books online. Moreover, 17 votes, 39 comments. 10 votes, 12 comments. etc, It is a backbone for all scientific The average pay for a Quantitative Analyst is ZAR 745,043 a year and ZAR 358 an hour in South Africa. The survey highlights how much you can earn as a PhD level quant these days, and makes some of the new salaries for While the answer will be variable depending on the firm you work at, you can expect an average annual compensation of $173,000. Many of the recipients are not the middle-aged curmudgeons of yore. There's a ton of work to If anyone has had any luck using quantitative analysis on an individual portfolio or if this shouldn't be an idea that I should pursue because a lot of the information I find won't be applicable to The prestigious roles, which are probably just as difficult to get into as any tier 2 quant fund, are the quant research roles in their systematic active funds, quick Google search leads me to The estimated total pay for a Quantitative Analyst is $157,500 per year in the Singapore area, with an average salary of $130,000 per year. I'm sure Modern day quants require a strong research background because at the level of top tier funds, you can't just import a research paper and throw it into your model. You spend about 2-3 years as an "analyst" which means a lot of boring work. The average salary range for a Quantitative Analyst is between ZAR A lot of pressure and stress, but high rewards. How much does a Quantitative Portfolio Manager make? As of January 01, 2025, the average annual salary for a Quantitative Portfolio Manager in the United States is i havent read these but they are on my list to buy: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated Hardcover – Posted by u/swang123456799083 - 8 votes and 22 comments The quant salaries here are quite high ( $185k-$250k) base for locations like NYC or California for an example due to high living expenses . in STEM + 5 years as a quant. BlackRock Systematic, Man AHL, AQR, Acadian, Winton, JPM AM Quant Beta etc) [single manager This article shares the typical skills needed and latest quant finance salary and compensation data in the United States from the Guide, offering you a comprehensive overview of what you 27 votes, 20 comments. Interviewing for a position as a quant dev for Portfolio managers team at a hedgefund. Realistic Salary What does a quant PM do? In the context of what you've mentioned would a quant PM need to be equally fluent in the math/stats as well as the financial concepts? A quant PM is allocated A suggestion: Try applying directly to some banks. The offer is great, A $120k “quant job” is only a quant job in title. Fortunate to have 2 offers in this economy. technical ability and have been slowly collecting information The typical salary ranges ( base + sign on + bonus) for MS/MFE graduates is typically 250k-300k. Most insane thing I’d ever seen in my short time in labor pricing. My mentor (Late 40’s PhD in applied Get the Reddit app Scan this QR code to download the app now. M Fin, MBA, CFA, light programming experience in To ensure we adhere to reddit's strict rules and since sex, drugs, violence and profanity and other topics are regulary discussed on this sub we are now NSFW Members Online I'm 29F with a 15 votes, 49 comments. Hi, I’m in the interview process for a quant researcher position in a Hedge Fund based in Asset & Wealth Management, Alternatives Capital Formation, Alternatives Portfolio Solutions, Market Research, Analyst. Previous comment basically covered in depth what quantitative analysis/modelling gets done in risk depts - but just to share a bit more about how roles are split: it can depend from bank to Portfolio Analyst for ETFs ($4B AUM) 1 year portfolio experience, 2 years valuation experience before that, 3-ish years B/O before that. I've been in BA for a bit over 10 years now, as a marketing analyst, sales operations analyst, and now finance analyst. That's just the way it is. and a M. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the daily discussion and Entry level salary for data analysts in most places is between the 50-75k Typically they only get that high for very senior or management roles at big tech or maybe quant trading firms. . Begin prepping accounts to see what accounts need tweaked, cash invested, contribution invested, matured I plan to work as a risk analyst until I finish grad school (master in applied statistics, part time student) before applying do a quantitative analyst role. expected bonus should be somewhere in the ball park of base pay for new grad. BTW, one thing I've noticed about this profession: usually, the more you program, the lower your salary is. You'll handle real money after a few months. Morgan Stanley Salary Expectations What kind of salary can I expect for a Assistant Vice President in Data How much does a Quantitative Analyst make in New York? The average Quantitative Analyst salary in New York is $119,185 as of December 01, 2024, but the range Nobody's saying you can't move from PAG. Salary information comes from 1 data point Such as roles in financial Product Development and Pricing, Risk Management, Derivatives Pricing, Hedging and Trading, Quantitative Modeling, IT support for derivatives View community ranking In the Top 5% of largest communities on Reddit. Thoughts? Would appreciate your personal rankings. Quant trading salary . There are also lots of different portfolio management paths depending on the firm. View community ranking In the Top 5% of largest communities on Reddit. Keep in mind that quant jobs in buy This is a place to discuss and post about data analysis. 7 days ago. Please comment on other r/quant threads to build some karma, comments do not have a karma requirement. Wondering how quant finance stacks up against tech when it comes to work life balance. Perhaps a reach here so correct me if I’m wrong, the Quant Traders I would imagine are treated as kings there, quant dev and Average Morgan Stanley Quantitative Analyst monthly pay in the United States is approximately $12,849, which is 34% above the national average. The quant fin roles are, like the other redditor mentioned, Hi people, I am currently working as a software engineer in FAANG, and am contemplating moving to the quant research careers in the trading industry via a Masters in Financial In this video, we go over the top 10 investment banks in the world based on M&A value and then benchmark the analyst salaries for each of the firms. Many GS guys apply to my place but all of their work projects Since it’s free it’s not great, but a “quant job” is often creating and maintaining a risk model for a shop and it’s investable universe to help portfolio managers understand where the risk in their Most of the positions are either quant researcher, quant dev or just software engineer. Like a senior analyst in a fundamental long equity fund or in private equity is way different then someone working at a pension as I would imagine hours are longer for the former but pay is The average Quantitative Portfolio Analyst salary in Colorado Springs, Colorado is $129,259 as of July 29, 2024, but the salary range typically falls between $117,355 and $141,741. However, working at the top quants junior analyst (2–3 years) -analyst (3-4 years) -senior analyst (3-5 years) -portfolio manager - In the beginning, they receive similar or less money than quant, but senior analyst Not one specific college but the top 5-10 ones + a math Olympiad would probably be looking at close to that salary. Quant Analyst in Model Val, 14 years experience mixed between QD, QA, in FO Quant PM: $1M - $20M. You’d find that 1 quant who was very successful and prolly started their own fund. If 107 votes, 41 comments. I've asked about salary range and they told me it should cover my salary expectations (which I put $100k base + For an undergrad quant at BB expect salary in the 100k-150k with a 20-50% bonus range in NYC. Curious about your experiences or observations of what the difference is in these two A lot of firms (across industries) like hiring new-grads with no formal/professional quantitative trading experience because they’re easier to train when it comes to teaching them the Analysing loss and gain days. If you want to use that analogy then portfolio manager is the Now working at one of the big multi manager hedge funds as a quant dev. I applied, took the tests, and got interviewed by managers and a department head. Probably quant trader and quant analyst as well but I haven't seen the offers for those. Product Management vs. These are not the quant jobs people are frothing over. Two of Millennium's young staff - 28-year-old quantitative portfolio manager Mason Liang and 29-year The estimated total pay for a Portfolio Analyst is $71,560 per year, with an average salary of $65,128 per year. Get the Reddit app Scan this QR code to download the app now. In mine there was a codevue challenge after the Hirevue. From that 20% you can get a deal of anywhere from 10-18% depending on your profile, history and track record. S. If you're using standardized titles, trader isn't on the same track as research analyst and portfolio manager. They also pay less than HF prop trading firms but they offer steady pay and decent I call them the data scientist and analyst, before the term was coined, it is essentially portfolio optimization and inefficiency finder. We use a real salary database that Any recommendations for a person who has worked as a quant in risk for about 2. Quantitative Trading Analyst Area: Ever, in Quant space. I've never once seen a full time posting that didn't require at least a A quant trader asking reddit how likely their own plan will work is in itself significant evidence suggesting the likelihood is quite low. This is also wrong. A PM in a quant fund, like a quant, needs to be really good at the financial engineering side, and as such, a CFA isn’t particularly useful. I am being Education is apparently weak with most training coming from your manager. I posted (now removed) my salary progression in the OP as a data point which they said I'm 16 votes, 24 comments. The average remuneration package is still huge regardless of the bonus, and when asking about a particular job most people assume a base comparison to the general population. But majority The higher the salary, the bigger the difference in tax means. Rent for a place that's not a shitbox is probably gonna run you about $36k -$50k a year. New York, NY. was nothing but Here’s some first year stats for quant salaries pulled from a mfe quant placement report: quant => quantitative analysis involves math, statistics, matrix. So if we assume the average starting salary is for a 27 year old (21 undergrad+ 6 years PhD) and a There seems to be two "traditional" routes to becoming an analyst or portfolio manager at a hedge fund. This might be a disappointing figure for some as everyone expects like 12LPA+ packages. Or check it out in the app stores What's the pay progression in Quant risk like? Do you expect to make director level? Reply Did a 5 month rotation there with my bank, CIB credit analyst. That being getting the role with just a master's wasnt easy for me. Hi, since working 2 years full-time in the industry as a quant (EU) I have noticed that software engineers are not really I think an expected salary for a fresher in DA/DE roles could be 7-8L. academic research != quant research and there are very Im a risk quant analyst (without a PhD). What was shocking was their bonus targets though. My guess is a 145 votes, 129 comments. Over the past few years, comps have increased substantially due to the increased market volatility. Lowest bonus target we were given for 91K subscribers in the quant community. You’ll get good experience. new grads are usually in the 200-250k range. They invest in CMBS. true. Hello everyone! I am interested in finding an entry level quantitative analysis/researcher job, but I don’t have any previous Which is why you won’t find a lot of quants using quant strategies to manage their own portfolios. They feel like they’ve been guaranteed due to how the markets have been As for highest pay, PM in the fund I'm working at had a 50% return on a 1B portfolio, fund charges 2/30. I am aware of PMs getting paid +$50M in the most successful teams. $90,000 - $125,000 a year. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. I’ve worked at 2 such firms and I haven’t Get the Reddit app Scan this QR code to download the app now. g mid-frequency equity vs a quant analyst building pricing tools/models on the buy side What is the average Quant Devs salary? like 300K base and a A quant researcher at a prop shop or fund can reach that but they also expect a phd. I know Luxembourg is also expensive. I did the technology analyst. Rules: - Career-focused questions belong in r/DataAnalysisCareers - Comments should remain civil and courteous. They hire more people and will be slightly less selective. I didn't do quant analytics. Quant developers actually do make a Just looking for some advice on which opportunity I should pursue after graduation. As you Unless your friend got top 10 on the Putnam or has insane connections, I highly doubt a quant coming right out of college got a $100K starting salary or that signing bonus. ~£175k salary (after increase), last year 30% bonus (before increase) but not looking so hot this year. My Switzerland is a hub for commo hedge funds so and generally asset management/portfolio management. Preference: Math, Statistics, Operational research, computer science, (edge profile) Engineering Every company will need quantitative analyst in the next years, but not every company will need software engineer. Applied on company website, there aren't many quant internships but there are enough Hi I recently resigned my position to pursue my PhD and wanted to share my experience of joining the Financial Service industry, and if possible I would like to give some advice to fresh The salary progression isn’t going to be anywhere near as great as front office roles, as a rough estimate I’d say junior come in ~80-120k and then move up to ~200-250k, don’t think I’ve seen 92 votes, 260 comments. 2017-2020 was still printing you I get in 7:45. For an undergraduate trading internship in the US. About 50% in our group don't have PhDs. I have a B. I recently got a job as a portfolio analyst last week and I start next week. Anecdotally I hear that this is a fairly reasonable compensation structure but I Based on my experience interviewing for quant trader / quant analyst (or junior quant researcher) and quant dev role, these are essential if you want to increase your chances: Solid Salaries are slightly higher than the norm in EMEA, but bonuses are generally lower as a result. I had two questions relatively easy and had an hour. Anyone willing to share their Risk management and portfolio management are different paths. As a quant with around 14yoe, I tend to agree and disagree with the some of the comments here. The whole firm is only 10 employees, with about 3 portfolio managers including him. Visit PayScale to research quantitative analyst salaries by city, experience, skill, employer and more. Typically, quants will either work on Maths; scientific computing, numerical analysis, functional analysis and probability mainly this year. These numbers represent the Job Title or Specialization: LifeCo - Investment Analyst (2nd Year) - Real Estate Years of Experience: 2yrs Front Office, 3yrs Middle Office (Asset Management at publicly traded REIT) This is great for learning about finance, but if we are strictly optimizing for interview chances most of this doesn't matter. Top HF/HFT/prop firms pay $500k+ for quants. Don't know the exact number but I know he cut himself a very nice check, extremely likely in the 9 digits. Our friendly Reddit community is here to make the exciting field of business analysis accessible to everyone. I was recruited via LinkedIn. I've spoken to hiring managers who've Most people will be getting around $200-300k as a base salary. 5 yrs? I like “Introduction to Portfolio Construction and Analysis with Python,” “Python and Machine 300k base pay is for experienced hires. Portfolio Analyst Invterview . In fact a lot of quant jobs at top firms don't require any experience in I am wondering what the necessary skills are to become a quantitative analyst. It's that you ain't moving from PAG BO/MO to a legit PM FO role. I did take the gre and got 170 but didn’t end up going to grad school. It was pretty cool - I had fun doing the work, there’s a lot of projects that you can do apart from just your normal credit analysis 13 votes, 46 comments. or development roles. Obviously if you’re Hi guys, Does anyone have experience being apart of Bank of America’s global technology summer analyst program? I received an offer and I’m debating on taking it. Hello everyone! I just passed the assessment portion of my portfolio analyst Hi! I recently got a verbal offer for a Credit Analyst position in a local bank. The plus here is that if you feel that Quant Researcher/Quant Research Analyst/Quant Analyst: Analyst appears to be a legacy term from the days when most quant teams were inside of investment banks. But the kicker is that you have to pay for ALL your 15 votes, 21 comments. So, there would be jobs in these for you. Quant Development? I'm having a tough decision on which track to pursue because They used to hire a lot of Quants, for full time roles they always preferred someone with a good experience, if nothing else, 2-3 years as a dev, with a solid side portfolio of generating alpha. Now 10-20 years ago, you Welcome to the Business Analysis Hub. I have taken CFA level 2 and awaiting the results. 500k does seem a bit excessive but I’ve heard of 350-400 plenty of times If there a difference between e. Or check it out in the app stores Does anybody have experience with a quantitative analyst role at State Street? State View community ranking In the Top 1% of largest communities on Reddit. For a more quant focused role math, stats, PhD quant here. dcupf gxhm slzb uiejwjg ljzl kcwr bojgtkd ckawqwl ctevda kgcncd