"Competition for top quant talent has never been stiffer. With top hedge funds and high-frequency trading firms in expansion mode - and increasingly encroaching on the same turf - the mathematicians, physicists, data scientists, and engineers who power them are in high demand. The emergence of AI labs, which can outbid even the top-tier finance firms with war chests of tens of billions in capital, has only ratcheted up the competition."
"Quant interns at Jane Street can now earn tens of thousands over the summer, equivalent to a $300,000 base salary. New grads at top-tier firms can earn compensation packages exceeding $500,000. The truly successful quant researchers and portfolio managers can reap tens of millions annually as their careers progress. Technical brilliance is no assurance of success in this arena. Lasting in such a competitive field, let alone making it to the top, requires skills that are often overlooked or underdiscussed."
Demand for quantitative talent across hedge funds, high-frequency trading firms, and deep-pocketed AI labs has surged, driving compensation to unprecedented levels. Intern pay can equate to roughly $300,000 annualized, new-graduate packages can exceed $500,000, and top researchers and portfolio managers can earn tens of millions. Financial incentives attract mathematicians, physicists, data scientists, and engineers into systematic trading. Technical excellence alone rarely guarantees success; enduring careers require communication, structured thinking, demonstrated value in prior roles, authentic passion, and other often-overlooked skills emphasized by industry leaders. Competition intensifies as firms expand and encroach on each other's turf, raising the bar for both technical and interpersonal capabilities.
Read at Business Insider
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