DRW Compensation
Upper Tier Firm
Compensation Breakdown
Estimated base, signing bonus, and performance bonus (annualized midpoints).
Intern
New Grad
Mid-Level
Senior
Salary Ranges
| Role | Level | Base Range | Total Comp Range |
|---|---|---|---|
| Quant Trader | Intern | $130,000 – $155,000 | $155,000 – $180,000 |
| Quant Developer | Intern | $125,000 – $150,000 | $145,000 – $170,000 |
| Quant Trader | New Grad | $150,000 – $180,000 | $260,000 – $365,000 |
| Quant Researcher | New Grad | $145,000 – $175,000 | $230,000 – $325,000 |
| Quant Developer | New Grad | $140,000 – $165,000 | $200,000 – $285,000 |
| Quant Trader | Mid-Level | $175,000 – $225,000 | $375,000 – $625,000 |
| Quant Trader | Senior | $200,000 – $265,000 | $550,000 – $1,100,000 |
Frequently Asked Questions
How much do quant traders make at DRW?
Quant traders at DRW earn between $155,000 and $1,100,000 in total compensation, depending on experience level. This includes base salary, signing bonuses, and performance bonuses.
What is the average new grad salary at DRW?
New graduates at DRW earn an average total compensation of approximately $277,500 per year. Actual figures vary by role, with quant traders typically earning more than developers at the entry level.
What is the intern salary at DRW?
DRW interns earn between $145,000 and $180,000 in annualized total compensation. These figures are prorated — a typical 10-12 week summer internship would pay a proportional share of this annual rate.
How does DRW compensation compare to other quant firms?
DRW is an upper-tier firm offering compensation above industry average. Compensation varies significantly across the quant industry, with top-tier market makers and hedge funds often offering 2-3x what mid-tier firms pay at the same level.
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