SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
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brown1234
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Joined: December 9th, 2011, 4:06 pm

Decent quant starting salary

December 13th, 2011, 4:29 am

Can someone suggest what is a good starting salary for a quant (coming in with a good pure maths PhD) at a UK hedge fund? Thanks.
 
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blackstormcap
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Joined: August 13th, 2011, 8:31 am

Decent quant starting salary

December 13th, 2011, 6:47 am

90k gbp
 
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brown1234
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Joined: December 9th, 2011, 4:06 pm

Decent quant starting salary

December 13th, 2011, 6:54 am

Are you sure? 90k GBP sounds rather on the high side from what I've heard elsewhere.
 
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Gamal
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Joined: February 26th, 2004, 8:41 am

Decent quant starting salary

December 13th, 2011, 8:15 am

You asked about a decent salary, didn't you?
 
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ppauper
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Joined: November 15th, 2001, 1:29 pm

Decent quant starting salary

December 13th, 2011, 8:57 am

that would be a decent salary for many other professions as well
 
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eh
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Joined: March 2nd, 2010, 9:26 am

Decent quant starting salary

December 13th, 2011, 9:33 am

Realistic base: 50K, with slow growth. Start generating alpha and then your bonus makes it worthwhile.
 
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katastrofa
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Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

Decent quant starting salary

December 13th, 2011, 11:41 am

QuoteOriginally posted by: ppauperthat would be a decent salary for many other professions as wellEverybody should earn 90k. I mean, how can a single man support himself on less?
 
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DominicConnor
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Decent quant starting salary

December 13th, 2011, 11:56 am

90K is well to the high end of base pay for London Quants.The middle of the distribution is low 60s.
 
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rmax
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Joined: December 8th, 2005, 9:31 am

Decent quant starting salary

December 13th, 2011, 12:33 pm

QuoteOriginally posted by: DominicConnor90K is well to the high end of base pay for London Quants.The middle of the distribution is low 60s.Out of interest what is the determinate in the width of the distribution? Firm, School, PhD subject, Random?
 
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DevonFangs
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Joined: November 9th, 2009, 1:49 pm

Decent quant starting salary

December 13th, 2011, 1:10 pm

QuoteOriginally posted by: DominicConnor90K is well to the high end of base pay for London Quants.The middle of the distribution is low 60s.Bonus (what bonus?) included?
 
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brown1234
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Joined: December 9th, 2011, 4:06 pm

Decent quant starting salary

December 13th, 2011, 1:17 pm

Let's say, at what salary does the top 20th percentile start? Since Dominic said the middle is low 60s, I'm guessing he means the 50th percentile is low 60s, so top 20th percentile would be high 60s or 70? (And I'm asking specifically for a hedge fund, so I guess this is rather smaller pre-bonus than a bank).
 
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Gamal
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Joined: February 26th, 2004, 8:41 am

Decent quant starting salary

December 13th, 2011, 1:27 pm

90K is a very very decent package, not base
 
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EscapeArtist999
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Joined: May 20th, 2009, 2:49 pm

Decent quant starting salary

December 13th, 2011, 1:37 pm

QuoteOriginally posted by: brown1234Let's say, at what salary does the top 20th percentile start? Since Dominic said the middle is low 60s, I'm guessing he means the 50th percentile is low 60s, so top 20th percentile would be high 60s or 70? (And I'm asking specifically for a hedge fund, so I guess this is rather smaller pre-bonus than a bank).Brown, why do you ask? If you have only one offer, it's unlikely you'll be able to bid them up. If you have more than one offer you can just weigh them against each other, and if you have zero offers the discussion is academic...You would be a fool to turn down the only offer you have.And why go online and obsess yourself on whether or not you have a good deal - this kind of thing only leads to unhappiness, poor performance, depression, and ...
 
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trackstar
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Joined: August 28th, 2008, 1:53 pm

Decent quant starting salary

December 13th, 2011, 1:44 pm

Because it is worth knowing and then he can decide if he should negotiate for a bit more.Even with only one offer, you should not necessarily give in to the first figures provided by the would-be employer, without some effort to improve your lot.That behavior is generally expected and already factored in to their Offer #1.
Last edited by trackstar on December 12th, 2011, 11:00 pm, edited 1 time in total.
 
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EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

Decent quant starting salary

December 13th, 2011, 1:55 pm

QuoteOriginally posted by: trackstarBecause it is worth knowing and then he can decide if he should negotiate for a bit more.Even with only one offer, you should not necessarily give in to the first figures provided by the would-be employer, without some effort to improve your lot.That behavior is generally expected and already factored in to their Offer #1.So he should risk losing the offer over 5k pa? Or feel shit about himself cos he's getting 50 as opposed to 60. Some shops (even really respectable ones) just pay less - it's the luck of the draw. And the financial sector is really crap, really crap for newbies too.For a fresh math PhD I doubt they will negotiate that much or want to - that is unless he obviously has something that is valuable NOW - in which case there would be no discussion as the figures would already be very high.I feel it's rarely worth negotiating hard for your first position. Much better to start focus on doing well, being and feeling productive.
Last edited by EscapeArtist999 on December 12th, 2011, 11:00 pm, edited 1 time in total.
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