Wednesday, October 23, 2013

How much does a quant earn? what is a quant salary?

How much does a quant earn? A quant with no experience will generally get between 40 and 70k pounds. The lowest I have heard of is 25k and the highest is 70.. If the pay is outside the standard range, you should ask yourself why? Pay will generally go up fairly rapidly. Bonuses are generally a large component of total salary, and should be taken into account when negotiating pay. E.g. you may be able to get a guaranteed bonus if the base is lower.
Do not get too focussed on what the starting salary is. Instead examine what the job opportunities will be, and what the learning experience is likely to be. How much turnover is there in the team? (some managers get touchy if asked about turnover so it may be better to try and ascertain this indirectly) and where do the people go?

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