DRW quant salary and jobs
A diversified Chicago trading firm with the most open US quant and engineering reqs on this list.
Quant roles at DRW
DRW is a Chicago-headquartered trading firm that spans market making, latency-sensitive strategies, options, and crypto through its Cumberland business. It hires researchers and traders desk by desk, which is why its board carries many separate quantitative researcher reqs rather than one generalist listing.
DRW’s board showed 161 postings on Nov 11, 2026, 72 of them US quant, research or engineering reqs across Chicago (50), New York (26), Greenwich, Houston and Austin.
DRW quant salary
Base: the range across DRW’s campus-cycle listings posted July 13, 2026 and still live on Nov 11, 2026 — $225,000 on Software Developer and $250,000–$300,000 on Quantitative Researcher. Internships are posted annualized: $250,000 for Quantitative Trading Analyst Intern, $250,000–$300,000 for Quantitative Research Intern and $225,000 for Software Developer Intern. Experienced listings post $150,000–$250,000 for Quantitative Trader – Futures, $150,000–$300,000 across desk-specific Quantitative Researcher reqs and $150,000–$275,000 for senior software engineers. All are eligible for a discretionary bonus.
DRW pay by track
| Track | Role title | New-grad base | Summer 2027 internship | Experienced base | Open now |
|---|---|---|---|---|---|
| Quant trader | Quantitative Trading Analyst | Not posted | $250k annualized | $150k–$300k | Yes |
| Quant researcher | Quantitative Researcher | $250k–$300k | $250k–$300k annualized | $150k–$300k | Yes |
| Quant developer | Software Developer | $225k | $225k annualized | $150k–$275k | Yes |
Posted base pay, except figures marked “package”, which are the firm’s estimated annual compensation package. Bonuses, sign-on payments and housing are extra to base pay.
What DRW employees report
Self-reported total compensation from Levels.fyi. These are not posted figures and play no part in the ranking. They cover every office and all years of experience, and the site does not show how many reports are behind each one.
| Title on Levels.fyi | Total compensation |
|---|---|
| Software Engineer | L2 $206K · L3 $237K · L4 $309K · L5 $387K |
Only figures the site labels a median or breaks out by level are shown. Source: Levels.fyi, read November 11, 2026.
How DRW scores
Index score: 78/100. How we rank →
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