Finance PhD graduates from the University of Pennsylvania's Wharton, the University of Chicago's Booth, Harvard and a couple of other elite business schools are extremely sought-after for quantitative research, asset pricing, portfolio management/construction and strategy positions.
Top quant PhDs are getting $400k pay packages
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Finance PhD graduates from the University of Pennsylvania's Wharton, the University of Chicago's Booth, Harvard and a couple of other elite business schools are extremely sought-after for quantitative research, asset pricing, portfolio management/construction and strategy positions.
Many at these schools do empirical corporate finance or even financial management.
Is finance quant? -
Finance PhD graduates from the University of Pennsylvania's Wharton, the University of Chicago's Booth, Harvard and a couple of other elite business schools are extremely sought-after for quantitative research, asset pricing, portfolio management/construction and strategy positions.
Many at these schools do empirical corporate finance or even financial management.
Is finance quant?Has to be quant research, asset pricing, etc.
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News at 11, the best mathematicians in the country make a lot of money
Finance, not math.
I'm a state school math undergrad, I got an offer for 350k. These firms dont care as much about pedigree as you think
Do you mean you are undergrad no PhD or you have PhD but did undergrad at an unknown place? If the former, then you clearly a jokeriah. 350k for undergrad
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News at 11, the best mathematicians in the country make a lot of money
Finance, not math.
I'm a state school math undergrad, I got an offer for 350k. These firms dont care as much about pedigree as you think
Do you mean you are undergrad no PhD or you have PhD but did undergrad at an unknown place? If the former, then you clearly a jokeriah. 350k for undergrad
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
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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.
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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)
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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.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.
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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. -
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)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/Google
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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/Google
Believe 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.
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i mean you could maybe get a paper figure close to $300k if you took the 4 years of vesting stock that they offered and just divided the number by 4, but thats obviously dumb since its like taking the average of your first 4 years of hedge fund bonuses and adding it to your first year salary.
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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/Google
Believe 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.