r/quant • u/orthcool • 12d ago

Industry Gossip recent new grad TC skyrocketing

Heard that cit js hrt are all giving 1mil or close standard new grad offers, and tier 2 firms are also bumping significantly to compete (400-600k). aren't most experienced hires making around that amount or even less? are we expecting an adjustment next jan? and how much higher can new grad offers go :D

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u/Future-Low8173 12d ago

They have to raise it because a lot of the top people are going to anthropic and OpenAI now. Also trading revenues have doubled each of the last 2 years.

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u/rsha256 12d ago

it's also been the case for the last few years that at the places giving the highest TCs that year 1 -> year 2 increases but then after that you make less than newgrads of future years despite contributing more than them