Quant finance roles are known for good compensation, but with the demand for quant traders, analysts, and engineers growing, so does the bar for substantial salaries as client compete to acquire this talent.
โSalaries of Top Quant Roles
Quant Analyst salaries
Quant Researcher salaries
Quant Engineer salaries
Buy side and sell side quant salaries
An experienced Quants professional on the buy side, with โSeniorโ titles, have a base salary ranging approximately from $185,000 to $250,000. However, we have seen an uptick in competitive compensation for junior to mid-level Quantitative Research professionals, with Quants that bring more than three yearsโ experience now earning $200,000 base salaries.
While the sell side is more known for having very strict compensation bands, we have seen an uptick in salaries too, between Associate to Director level hires. Across the board there has been an average of 10%-20% increases in base salaries from where they have been historically, inclusive of both the buy and sell side.
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Bonuses and benefits
Guaranteed bonuses are typically offered to Quants professionals who are leaving their current employer in Q3-Q4 in order to make them whole on their current yearsโ expected bonus. However, thereโs been a normalized approach to paying full year minimum guaranteed bonus to top talent that joins in Q1and Q2.
In addition to paying out higher base salaries and giving first years guaranteed bonuses, companies are also offering heftier sign-on and relocation packages. Many businesses are offering one time sign-on bonuses subject to a one year clawback in order to put together more competitive compensation packages, and to entice top talent to join.
Relocation packages have been used as tool to sweeten deals, for professionals that require relocation assistance and are out of state. Looking at the US as an example, since the start of Covid-19 a lot of financial talent, particularly in Quants, have relocated outside of the tri-state area. There has been an increase in the amount of talent returning to New York City, with relocation packages becoming more common to entice professionals to return to New York, as the workplace has been adapting to its new normal.
โDiscover the latest report on โThe Future of Quantsโ, covering the talent challenges and opportunities across quantitative research & trading, click here.
Why Choose Us for Quant Recruitment?
At Selby Jennings, we understand that choosing the right career path in quant finance can be overwhelming, especially when it comes to negotiating salary expectations. That's why we're committed to providing you with the resources and support you need to make informed decisions about your future.
Explore our range of quant finance roles available and discover how our expert recruitment consultants can help you secure a competitive compensation package that aligns with your skills and experience. Whether you're looking to take the next step in your current role or transition into a new opportunity, we have the industry knowledge and connections to help you achieve your goals. Partner with us today and start building a successful career in quant finance.