QuoteOriginally posted by: QuantOrDieQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantOrDieIf you're working on wall st or in the City you should be able to save your first million (USD) within 10years (out of undergrad) or 6 years (out of a PhD). Anything less is just sad.LOL assuming one lives off the base salary and saves only the bonus, that makes a £100k takehome bonus per year, and thinking that the average junior quant makes that is hilariousYou should probably rethink your assumptions. After 6 years the junior quant is not that junior, and his early earnings should be invested at a reasonable rate of return. What he needs to do is save around 80-90k USD his first year, rising at 15% per year and with his investments earning 5% per year he should make it. That's a rough guess but it should be close.That's for your PhD quant. The analyst should save less at first but with longer to grow his salary and investments.Assuming 60k£ starting salary: to save 50k£ in their first year they should save something like ~1,500 £ per month and get around ~90% bonus. You're not getting there as a risk quant these days, I think. Or maybe my first job really sucked!