Jane street trader salary reddit. Pay is going to be roughly the same.
Jane street trader salary reddit both salary and skill set wise? What is the expected compensation in a 3-5y trajectory? What’s are the exit opportunities, especially to top notch hedge funds and prop shops like Citadel, DE Shaw, Point72, Jane Street? We have a 250k salary base and they have a 300k salary base. Jun 6, 2024 · The estimated total pay range for a Quant Trader at Jane Street is $289K–$512K per year, which includes base salary and additional pay. 22 votes, 32 comments. Nov 18, 2020 · Jane Street Compensation Expectations. We have a 150k signing bonus and they have a 175k signing bonus. Seems like new grads at these and similar places earn ~600k their first year. Shaw, Virtu, Five Rings, etc)…. SIG is at 200k for its base, don't know their bonus structure. Has anyone received an offer from any top trading / finance firm (Optiver, IMC, DRW, SIG, D. The average Quant Trader base salary at Jane Street is $214K per year. (e. I'm talking about companies paying >£70k for a fresh grad. 20m going to a t50 LAC this fall. They are super quick in terms of responding, usually around 24 hours. Pay is going to be roughly the same. Assuming there are k<=10 heads among the first 10 flips, he will bid k+95-1 (to make profit only k+95-1 instead of k+95). The “Most Likely Range” reflects values within the 25th and 75th percentile of all pay data available for this role. Jan 27, 2019 · The ~400k first year offer (including 75-100k sign on, so not recurring) is now standard at top shops like Jane Street Capital and HRT. The average additional pay is $86K per year, which could include cash bonus, stock, commission, profit sharing or tips. 80 votes, 79 comments. On the trading desk, we manage risk intraday and exercise some level of discretion in semi-systematic books, so we’re the middle of the road in comp (it’s just base/bonus for us, but bonus is often 100% or more of base). It's more around 80k - 120k base + super + questionable options/shares (~150k total compensation). ) end up doing 10-15 years down the line? Title. I believe I'm going to get an offer, and I have a call with them soon where they might ask me about expectations. If you care about location, Jane Street's only US office is in NYC while Optiver is in Chicago too. The base went up to 275 for traders and 250 for SWEs in April this year according to news reports. If they don’t like you for whatever reason they’re just going to tank your interview. I’m pretty familiar with the MIT MFin program (went there for undergrad) and have a close friend who went to Princeton MFin so can only speak on those. AFAIK, Facebook pays ~£75k, Bloomberg ~£70k, and trading firms like Citadel, Jane Street and Two Sigma pay >£100k. ) There was also a bunch of the usual quant stuff. E. I've searched this subreddit for a list of highest paying companies in London, but couldn't seem to find anything. Citadel is authorized for up to $500k TC for straight out of college. Does Jane Street have faster connectivity to other venues with similar products, and so they can aggressively take against makers knowing that the market is already higher or lower elsewhere. So choose based on culture, tech stack, etc. The intern salary is the same btwn traders/devs so I assumed the new grad offers were also. Jun 6, 2024 · The average Trader base salary at Jane Street is $165K per year. Can't speak for Jane Street but Canva, Amazon, Google, and Atlassian are definitely not paying 350k for their graduates. I am currently interview for Jane Street as a SWE Intern for Summer 2023. you can’t actually think you get the same rep doing swe (very removed from pnl) at js than as a trader (actually makes the discretionary pnl) or an engineer at any of the systematic, high-frequency firms i mentioned. I did a BUNCH of dice game problems. For some reason people act a bit funny about naming companies like this but in reality it's only maybe two or three firms that will make such high offers up-front to inexperienced people. g. Feel free to ask more :) Since, on some venues, the fill information is disseminated earlier than the publication of time and sales of done deals. Jane Street's package is $400k for quants, $200k base/200k bonus. There’s a lot of prestige whoring and clout chasing in the industry. I got called for phone interview, and now progress… What is the average IQ of traders and engineers at Jane Street, Citadel, Jump Trading, etc? Closed • total votes < 114 How do Flow Traders compare to the rest of prop shops, like Optiver, IMC, etc. Not quant in general just Jane Street/Citadel/etc. if you take all the engineers at js that come from the uwaterloo co-op cesspool alone, you will outnumber the number of Looks lopsided to Jane Street but just want to say that HRT is just as good, if not better subjectively. However, I am wondering what the usual amount for sign-on and year-end bonuses are? What do quant traders at top firms (Jane Street, Citadel, etc. Hard to say how many new grads these firms hire but I’d estimate it’s in the low hundreds. After that, I studied some game theory and focused specifically on open-ended games bc Jane Street loves those for later phone rounds and somewhat for the onsite as well. 145 votes, 81 comments. r/cscareerquestions and even r/cscareerquestionsEU really talk up the career and only see to mention the people who make insane incomes ($2 million+), and by spending time on there one would think that as a quant you'll be making that kind of a salary practically as a guarantee. In any case, extremely helpful answer, I knew there was a catch, they just forgot to mention the fact that €50k were a signing bonus. I recently finished my interviews with Jane Street research (in NYC). js is not anywhere near as systematic as hrt/jump/tgs. As to why JS pays as much as it does -- the people it wants likely have other choices -- a) doing a start I think I read somewhere that Jane Street summer interns were getting around 25k for 3 months (plus flights and accommodation paid assuming you have to travel), but that was a while back and was anecdotal What is median total compensation of a senior quant trader at a top firm such as Jane Street, Optiver, and Citadel Securities? By senior, I mean 5+ years of experience. I have a bachelor's and 3 years of professional SWE experience. Also, went front to back on greenbook, heard on the street, and then grinded HMMT and AMC probability questions. While quant traders are well compensated, they don't enjoy title bumps and career progression that people at FAANG have. After year 0 our year-end bonus (depending on performance) turns into 150k - 250k and theirs turns into 100k - 300k. 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 variable expenses", pre 2021 bonuses were given in the year that the bonus was recognised so the values above were indeed from 2020 results. The thing that was distinctive about my Jane Street interview experience was that they made me do mental math - problems that would be easy if you wrote them down, but the interviewer said I had to do everything entirely in my head. I was looking at Jane Street's posting for quant research, and I noticed their base salary goes up to 300k for quant research. Fun is in the eye of the beholder. The reason that it took me a month to reach the final stage was I was travelling around Europe during this time. I’m planning on double majoring in CS and math along with a minor in Econ/finance. 263 votes, 71 comments. I’m a execution trader at a quant HF where the researchers are the ones generating signals and therefore eligible for P&L sharing and the highest compensation. Sometimes it’s up to the senior trader’s sole discretion when it comes to hiring. Jane Street and Citadel, Which are based in London for the EMEA area though, I thought that visa issues allowed them to keep an economic moat and not match salaries across locations. I think it's Jane Street - I know they're paying >£170k base to some people in London now. Also, engineers at JS and HRT typically stay for a long time, >5 years. What do experienced traders earn, I would imagine at least double their starting compensation. Given that your opponent plays optimally, he will expect 95 heads in the remaining 190 flips he hasn't seen. I applied to Jane street about a month ago, have gone through 3 phone interviews, and am invited to the on-site interview stage. I’ve always had an fascination towards predicting the markets and I’m trying to make trade bots with python right now. Jane Street makes tons of money and is generous with comp, but you might find it harder to shine as a trader there due to the type of people they hire, and the way they decide bonuses. I recently applied for jane street internships received an email about some online maths test (4 Q in 30 min). Plan your career in the wide world of finance. Usually the 500k to 1M range is at least a few years experience. 701K subscribers in the FinancialCareers community. conditional probability problems with dice or coins. true. Jane street Quant trader summer internship Well, I am doing my bachelors in comp sci/data sci. tnkh dmyncv hjbz tjvzd njsxze zmpumca vuyp sxj kvtap vjcmuo