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DominicConnor
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 1:59 pm

As I promised, I'm releasing early results of my quant pay survey.Pay SurveyThis batch are people who describe their main role as Quant, not Quant Dev, Trader or Risk Manager or things like that, which will be out later. The Italian numbers are surprisingly small, anyone care to comment ?All packages are in $KPhD Quants :: EuropeCountry, Base, Bonus, TotalBelgium: 108,36,144France: 126,60,186Germany: 127,71,198Holland: 110,25,135Denmark : 169,24,193Italy: 76,12,88London: 156,101,257Switzerland:215,63,278I'm not releasing the Irish or Greek numbers yet because there's not enough yet to be sure about them and I won't release numbers where there's any chance that a group or individual can be identified,If you're in Ireland or Greece, you might want to respond, else you will never know what people in your country get paid.If you want to contribute you own numbers to the survey, to make the numbers more accurate for people like you, go to Pay Survey
Last edited by DominicConnor on May 30th, 2011, 10:00 pm, edited 1 time in total.
 
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barny
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Joined: May 8th, 2007, 6:55 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 2:15 pm

Be interested to see the quant dev and algotrading numbers too. Why are quants in Switzerland paid much more than quants in London?
 
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quantmeh
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Joined: April 6th, 2007, 1:39 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 2:27 pm

you've got to check Denmark. maybe they have 80% marginal tax rate.I like Switzerland, they seem to be close to US
 
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Hansi
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 2:42 pm

QuoteOriginally posted by: quantmehyou've got to check Denmark. maybe they have 80% marginal tax rate.For that amount the total income tax would be ~50-55% depending on area (assume higher end as most would be in COP) and then of course there is a flat 25% moms/VAT on everything you buy.
 
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Caesaria
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Joined: November 25th, 2010, 2:54 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 3:47 pm

QuoteOriginally posted by: DominicConnorAs I promised, I'm releasing early results of my quant pay survey.Pay SurveyThis batch are people who describe their main role as Quant, not Quant Dev, Trader or Risk Manager or things like that, which will be out later. The Italian numbers are surprisingly small, anyone care to comment ?All packages are in $KPhD Quants :: EuropeCountry, Base, Bonus, TotalBelgium: 108,36,144France: 126,60,186Germany: 127,71,198Holland: 110,25,135Denmark : 169,24,193Italy: 76,12,88London: 156,101,257Switzerland:215,63,278I'm not releasing the Irish or Greek numbers yet because there's not enough yet to be sure about them and I won't release numbers where there's any chance that a group or individual can be identified,If you're in Ireland or Greece, you might want to respond, else you will never know what people in your country get paid.If you want to contribute you own numbers to the survey, to make the numbers more accurate for people like you, go to Pay SurveyDo you think you could split this into quants with 0-2 years experience and say 2-5 years experience, and 5+ years... I'm more curious about 0-2 years, these salaries seem a bit high for 0-2 years (entry levelish) experience... but make sense for 2-5 years
 
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jikan
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May 31st, 2011, 3:57 pm

What about Spain?
 
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GiusCo
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Joined: March 26th, 2010, 10:00 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 4:13 pm

In Italy, fiscal oppression on employers is massive: one employee costs double her stipend before tax.One other reason for low pay is social: you need to be connected, say sponsored by some high level politician or insider, to earn good money.The third reason is that there is not a real free market here, no boom and bust. You will never earn gazillions as an employee, but you will never lose your job in a fortnight. In the current climate, you will be lucky enough if you get a stable contract.All of these translate to widespread corruption, some sort of social somnolent stability (no social revolts yet) and a very low growth rate for the country.
 
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albertmills
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 5:33 pm

why do quants in holland get paid significantly less than their counterparts in germany and belgium? i thought amsterdam was mroe of a major financial center than any place in germany or belgium.
 
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Hansi
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 6:11 pm

QuoteOriginally posted by: albertmillswhy do quants in holland get paid significantly less than their counterparts in germany and belgium? i thought amsterdam was mroe of a major financial center than any place in germany or belgium.135 vs 144 is significant? Could just be contributed to a small sample.
 
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albertmills
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 6:17 pm

ok, replace belgium with denmark for the comparisson.
 
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ithousekeeper
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Joined: March 28th, 2009, 11:09 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 8:47 pm

Woah...really not that MUCH different from I.T. salaries and bonuses?! Some people here on the forums and elsewhere have been telling me about this, but I didn't really believe it!I wonder if there is a bigger difference with the U.S. salaries?
Last edited by ithousekeeper on May 30th, 2011, 10:00 pm, edited 1 time in total.
 
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capafan2
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I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 9:43 pm

QuoteOriginally posted by: ithousekeeperWoah...really not that MUCH different from I.T. salaries and bonuses?! Some people here on the forums and elsewhere have been telling me about this, but I didn't really believe it!I wonder if there is a bigger difference with the U.S. salaries?What are IT salaries at mid-manager level in IB's? The ranges I have encountered are around the 200k-230k mark but I heard folklore which states it is between 400k-700k.
 
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ithousekeeper
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Joined: March 28th, 2009, 11:09 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

May 31st, 2011, 10:13 pm

QuoteOriginally posted by: capafan2QuoteOriginally posted by: ithousekeeperWoah...really not that MUCH different from I.T. salaries and bonuses?! Some people here on the forums and elsewhere have been telling me about this, but I didn't really believe it!I wonder if there is a bigger difference with the U.S. salaries?What are IT salaries at mid-manager level in IB's? The ranges I have encountered are around the 200k-230k mark but I heard folklore which states it is between 400k-700k.Are you referring to a VP level? If so, then I would say 200K to 230K is about right. I know I.T. people one level below VP who have made 180K before (salary + bonus), so 200K+ in the next level is probably right.As for the 400K-700K plus range...I have heard that too, but can't verify. I think this range is probably geared towards managing directors.
 
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thomssi
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Joined: August 25th, 2005, 2:45 am

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

June 1st, 2011, 1:47 am

I agree this needs to be split into experience/grade ranges to be meaningful.If these are truly reflective then it basically means you may as well take the easy life and work in RM validation or price testing semi-quant role, a VP in product control earns about as much as those numbers. Either that or these results are heavily skewed towards the junior range (hence need to split out).
 
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quantmeh
Posts: 5974
Joined: April 6th, 2007, 1:39 pm

I know the relative pay of PhD quants in London, Paris, Switzerland and Italy

June 1st, 2011, 2:53 am

QuoteOriginally posted by: thomssiIf these are truly reflective then it basically means you may as well take the easy life and work in RM validationit's not easy to get a high paying RM job. you need a PhD.
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