Millennium 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 Researcher | Intern | $120,000 – $140,000 | $135,000 – $160,000 |
| Quant Developer | Intern | $115,000 – $135,000 | $130,000 – $155,000 |
| Quant Researcher | New Grad | $150,000 – $175,000 | $220,000 – $305,000 |
| Quant Developer | New Grad | $135,000 – $160,000 | $190,000 – $265,000 |
| Quant Researcher | Mid-Level | $170,000 – $215,000 | $310,000 – $510,000 |
| Quant Researcher | Senior | $195,000 – $255,000 | $440,000 – $880,000 |
Frequently Asked Questions
How much do quant researchers make at Millennium?
Quant researchers at Millennium earn between $135,000 and $880,000 in total compensation, depending on experience level. This includes base salary, signing bonuses, and performance bonuses.
What is the average new grad salary at Millennium?
New graduates at Millennium earn an average total compensation of approximately $245,000 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 Millennium?
Millennium interns earn between $130,000 and $160,000 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 Millennium compensation compare to other quant firms?
Millennium 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.
Related Pages
Want to land a role at Millennium?
Our bootcamp has placed students at Millennium and other top quant firms. Get 1:1 mentorship, 500+ interview questions, and a proven roadmap.
Book a Free Consult