The quant offer
First-year pay above $400,000, funded by a bonus pool the graduate has not yet earned.
$400k–$650kreported first-year total at a top quant firm
What they did
The candidate studied a quantitative field, passed a multi-stage interview, and accepted an offer. Jane Street and Citadel hire at the start of careers and train internally.
What they did not choose
Jane Street's roughly 2,631 employees generated average revenues of about $3.2 million per head in the first half of 2024. A new graduate's package is paid from that pool. Target school, a year of record firm revenue, and a city with a posting are each conditions the candidate did not set.
Figures
- Jane Street new-grad total compensation: about $400,000–$650,000 in year one (levels.fyi, Wall Street Oasis, firm postings).
- Posted New York base for quantitative traders: $300,000.
- One IIT Madras graduate: about $508,000 for Hong Kong (eFinancialCareers / Bloomberg).
- Jane Street average revenue per head: about $3.2 million in H1 2024.