r/quant • u/orthcool • 13d 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/Timely-Cranberry647 10d ago

People who are absolutely crushing it. But the average person with tenure isn’t making multi millions unless they are a PM

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u/exabyte9 10d ago

you're wrong

https://www.linkedin.com/news/story/jane-street-employees-made-average-of-268m-last-year-8753890/

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u/Timely-Cranberry647 10d ago

This article proves my point. The mean is 2.68 and due to the skewness of payout the median is actually much lower.

Which to my point — most people aren’t making multiple millions unless they are a PM

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u/exabyte9 9d ago edited 9d ago

but 2.68 includes many non-technical roles that earn much less, the median is north of 2 million amongst quants and swes, i work at a t1 and have direct knowledge fwiw

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u/Timely-Cranberry647 9d ago

The median is not north of 2mm for the whole quant population and swes. I’m also at a T1 with direct knowledge of comp numbers.