Insider here. 350k-450k is now the HF standard package for fresh PhDs.
There's no point to debate about that.
THIS IS A FACT.
Please stop saying stupid things like b-school pay is comparable to HF salary.
They're not.
Median salary in HF is >500k for PhDs 3yr out of school.
Lool, 500K for 31 year olds. Hahaha. You put those people we see working for hedge funds get this?
What kind of backgrounds and skills do these funds request of fresh PhDs?
Citadel's base is 175k-200k, 1st-yr guarantee 150k, sign-on bonus 100k.
https://h1bdata.info/index.php?em=citadel&job=quantitative+researcher&city=&year=2018
Two sigma is similar
https://h1bdata.info/index.php?em=two+sigma&job=quantitative+research&city=&year=2018
Take a look at their AUM (~50bn), look up their historical returns (>10%) and fees, and divide that by number of front-office core-business employees (~100), you'll then understand 500k is actually VERY low.
Insider here. 350k-450k is now the HF standard package for fresh PhDs.
There's no point to debate about that.
THIS IS A FACT.
Please stop saying stupid things like b-school pay is comparable to HF salary.
They're not.
Median salary in HF is >500k for PhDs 3yr out of school.Lool, 500K for 31 year olds. Hahaha. You put those people we see working for hedge funds get this?
What kind of backgrounds and skills do these funds request of fresh PhDs?
Lol ok.
Citadel's base is 175k-200k, 1st-yr guarantee 150k, sign-on bonus 100k.
https://h1bdata.info/index.php?em=citadel&job=quantitative+researcher&city=&year=2018
Two sigma is similar
https://h1bdata.info/index.php?em=two+sigma&job=quantitative+research&city=&year=2018
Take a look at their AUM (~50bn), look up their historical returns (>10%) and fees, and divide that by number of front-office core-business employees (~100), you'll then understand 500k is actually VERY low.Insider here. 350k-450k is now the HF standard package for fresh PhDs.
There's no point to debate about that.
THIS IS A FACT.
Please stop saying stupid things like b-school pay is comparable to HF salary.
They're not.
Median salary in HF is >500k for PhDs 3yr out of school.Lool, 500K for 31 year olds. Hahaha. You put those people we see working for hedge funds get this?
What kind of backgrounds and skills do these funds request of fresh PhDs?
Not that much of a joke. Many fresh MBAs with 2 years of experience make $180 - $250K. Wouldn't be surprised if they paid PhDs a bit higher to get them.1) MBAs earn more than PhDs, I dont know why you would think the opposite
2) Two years experience is a lot
3) Despite having a more prestigious degree (yes) and two years experience vs 0 years, they still dont get $300k.
Idiot, top-tier PE firms pay 300K out of school at HBS/Stanford.
I thought s/he meant two sigma from the mean...
lol noone is paying $300k+ for fresh phds. $200-250k is more reasonable but even that is on the high side, most places will be around $150k-200k.300k is standard at two sigma
https://www.glassdoor.com/Salary/Two-Sigma-New-York-City-Salaries-EI_IE241045.0,9_IL.10,23_IM615.htm
No, people dont get 100% bonuses in year one (or year two)
Ah! Great. After how many years did you start you’re own firm? Also, do you think it is better to join a long asset management firm over an hedge fund for equities? I heard the compensation is higher for long only asset management firms for equities.
Are you a strategy guy or investment relations person?
I am a partner with the major stake. There are two partners.
How much did you make?
LOL at 350k. My hedge fund made me 22 million last year. And yes I « failed » academic market search
The market has been extraordinary in recent years. The key was to invest in tech firms (Amazon, Apple, Facebook) and ride the wave. Luck definitely played a role but at the end of the day it’s the result that matters.
Ah! Great. After how many years did you start you’re own firm? Also, do you think it is better to join a long asset management firm over an hedge fund for equities? I heard the compensation is higher for long only asset management firms for equities.
Are you a strategy guy or investment relations person?I am a partner with the major stake. There are two partners.
How much did you make?
LOL at 350k. My hedge fund made me 22 million last year. And yes I « failed » academic market search
Aqr won’t pay this much
Insider here. 350k-450k is now the HF standard package for fresh PhDs.
There's no point to debate about that.
THIS IS A FACT.
Please stop saying stupid things like b-school pay is comparable to HF salary.
They're not.
Median salary in HF is >500k for PhDs 3yr out of school.
I'm 28 now. I have really solid programming skills and in depth knowledge of real time big data programming. This idea that these quant firms are academically elitist isnt really true, they are skeptical of poor pedigrees, but at the end of the day quant finance is meritocratic$350k for someone with (presumably) 7 years of solid industry experience is a reasonable number, even slightly on the low side
$350k straight out of a PhD is a joke number that noone has ever been offered.
I know people who made more out of undergrad. You're sheltered.
utter fukin nonsense
LOL at thinking glassdoor is accurate. And yes for a top PHD in ML 300k is the going rate in NYC. Same thing for Fb/GoogleBelieve whatever you like, but the FAANG companies have fairly rigid comp structures for technical people (eg the L4-L11 bands at Google) and the salaries are so well-known that its basically public domain at this point. Noone is getting $300k until they are leading a project/team, which normally requires a few years of experience.
I dont know where you are getting your information from, but its very incorrect. At least with Google/FB salaries it would be easy for you to correcr your misconceptions since the data is basically public.Look these companies are paying way more than you can imagine. A STANDARD offer for an engineer with 4-5 years of experience is 300k. For a top PHD it is also that. Fresh out of school in undergrad can be as high as 200k. Engineering managers at FB make 500k. People are paying exorbitant amounts of money for top programming talent, the business people in america scoff at this. The time is up for everyone but technical talent and the few who make it to the top of business.
Netflix pays 400-500k CASH for senior engineers.