Quant Finance Salary Guide
Filter by role, level, or firm. Click a company for a detailed breakdown. All figures are annual USD.
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Firms
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Data Points
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Roles
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| Company ⇅ | Role | Level | Base Salary ⇅ | Total Comp ↓ | Range |
|---|---|---|---|---|---|
| Jane Street | Quant Trader | New Grad | $175K – $200K | $350K – $450K | $350K – $450K |
| Five Rings | Quant Trader | New Grad | $170K – $200K | $325K – $440K | $325K – $440K |
| Jump Trading | Quant Trader | New Grad | $170K – $200K | $325K – $430K | $325K – $430K |
| Citadel Securities | Quant Trader | New Grad | $175K – $200K | $325K – $425K | $325K – $425K |
| Optiver | Quant Trader | New Grad | $165K – $195K | $300K – $420K | $300K – $420K |
| Radix Trading | Quant Trader | New Grad | $165K – $195K | $300K – $420K | $300K – $420K |
| Jane Street | Quant Researcher | New Grad | $175K – $200K | $300K – $400K | $300K – $400K |
| Citadel | Quant Researcher | New Grad | $170K – $200K | $300K – $400K | $300K – $400K |
| Hudson River Trading | Quant Researcher | New Grad | $170K – $200K | $300K – $400K | $300K – $400K |
| IMC | Quant Trader | New Grad | $160K – $190K | $290K – $400K | $290K – $400K |
| XTX Markets | Quant Researcher | New Grad | $170K – $200K | $290K – $395K | $290K – $395K |
| D. E. Shaw Group | Quant Researcher | New Grad | $170K – $200K | $280K – $390K | $280K – $390K |
| Two Sigma | Quant Researcher | New Grad | $170K – $200K | $275K – $385K | $275K – $385K |
| Jump Trading | Quant Researcher | New Grad | $165K – $195K | $275K – $375K | $275K – $375K |
| Optiver | Quant Researcher | New Grad | $160K – $190K | $260K – $370K | $260K – $370K |
| Tower Research | Quant Trader | New Grad | $150K – $180K | $265K – $370K | $265K – $370K |
| DRW | Quant Trader | New Grad | $150K – $180K | $260K – $365K | $260K – $365K |
| Old Mission | Quant Trader | New Grad | $150K – $180K | $260K – $365K | $260K – $365K |
| Flow Traders | Quant Trader | New Grad | $145K – $175K | $250K – $355K | $250K – $355K |
| Jane Street | Quant Developer | New Grad | $165K – $185K | $275K – $350K | $275K – $350K |
Compensation ranges are approximate and based on publicly available information, industry surveys, and community reports. Actual offers may vary based on location, experience, negotiation, and market conditions. Figures represent total annual compensation including base salary, signing bonus, and performance bonus.
Compensation Overview
How quant compensation varies by role, level, and firm.
Average New Grad Total Comp by Role
Averaged across all firms in our dataset
Comp Progression by Level
Average total compensation across all roles and firms
Top 15 Firms by New Grad Total Comp
Highest-paying role at each firm (midpoint of range)
Frequently Asked Questions
How much do quant traders make?
New grad quant traders at top firms like Jane Street, Citadel Securities, and Jump Trading can earn $250K–$450K+ in total compensation (base + bonus). Mid-level traders earn $400K–$800K, and senior traders can earn $600K–$1.5M+. Compensation is heavily bonus-driven, with base salary typically making up 30-50% of total comp.
What is the average quant researcher salary?
Quant researchers at top-tier firms earn $225K–$400K total comp as new grads, $350K–$700K at mid-level, and $500K–$1.2M+ at the senior level. Hedge funds like Citadel, D.E. Shaw, and Two Sigma tend to pay slightly more for researchers than prop trading firms.
How much do quant developers make?
Quant developers (software engineers at trading firms) earn $200K–$350K total comp as new grads at top firms. Mid-level developers earn $300K–$600K. While developer compensation is slightly lower than trader or researcher roles, it is still significantly above typical software engineering salaries.
What is the highest paying quant firm?
Jane Street, Citadel Securities, Hudson River Trading, and Jump Trading are consistently among the highest-paying firms for new grads, with total compensation packages exceeding $350K–$450K. At the senior level, compensation at these firms can exceed $1M+.
Do quant interns get paid well?
Yes. Quant internships at top firms pay $120K–$220K annualized (roughly $10K–$18K per month). Firms like Jane Street, Citadel, and Optiver are known for offering the most competitive intern compensation in the industry.
How does quant compensation compare to big tech?
Quant finance generally pays 1.5x–3x more than equivalent levels at big tech companies (Google, Meta, etc.), especially at the senior level where performance bonuses can be significantly larger. However, base salaries are comparable — the difference is primarily in bonus and total compensation.
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