Quant researcher salary and jobs
Quant researchers build the models and signals that trading strategies run on. This page shows what each firm on the Quant List posts for the research track, including where a PhD changes the number and where it does not, and which firms have research listings open.
18 of 18 ranked programs match · Last verified November 11, 2026 · See the full Quant List →
Posted quant researcher pay, firm by firm
Pay as posted on each firm’s own listings: base pay, except figures marked “package”. “Not posted” means the firm has no live listing with a figure for that level, not that it does not hire there.
| Firm | Role title | New-grad base | Summer 2027 internship | Experienced base | Open now |
|---|---|---|---|---|---|
| Jane Street | Quantitative Researcher | $300k | $300k annualized | $300k | Yes |
| Hudson River Trading | Algorithm Developer (Quant Research & Trading) | $300k | $5,800 a week | $175k–$300k | Yes |
| Citadel | Quantitative Research Analyst | $235k–$300k | $4,500–$5,800 a week | $200k–$350k | Yes |
| Citadel Securities | Quantitative Researcher (PhD) | $235k–$300k | $4,500–$5,800 a week | $250k–$350k | Yes |
| D. E. Shaw | Quantitative Analyst | $275k ($300k PhD) | $25k a month ($30k PhD) | $275k–$350k | Yes |
| Two Sigma | Quantitative Researcher | $300k | $5,800 a week | $165k–$325k | Yes |
| Jump Trading | Campus Quantitative Researcher | $200k–$250k (PhD) | $300k annualized | $200k–$300k | Yes |
| Susquehanna (SIG) | Quantitative Researcher | $300k (New York) | $8,600 a week | Not posted | Yes |
| IMC Trading | Graduate Quantitative Researcher | $250k | $250k annualized | $175k–$300k | Yes |
| Point72 / Cubist | Quantitative Researcher | $150k–$200k | $240k–$300k annualized (PhD) | $200k–$300k | Yes |
| Optiver | Graduate Quantitative Researcher, PhD | $200k | Not posted | $200k | Yes |
| Five Rings | Quantitative Researcher | Not posted | $300k annualized (PhD) | $300k | Yes |
| DRW | Quantitative Researcher | $250k–$300k | $250k–$300k annualized | $150k–$300k | Yes |
| Millennium | Quantitative Researcher | $160k–$250k | $183.5k–$226.5k annualized (package) | $160k–$250k | Yes |
| Renaissance Technologies | Research Scientist | Not posted | Not posted | $185k–$224k | Yes |
| Tower Research Capital | Quantitative Trader/Researcher | $150k–$250k | $3,500–$5,700 a week | $120k–$250k | Yes |
| Akuna Capital | Junior Quantitative Researcher | From $145k | From $145k annualized | From $145k | Yes |
| Virtu Financial | Quantitative Researcher (PhD) | Not posted | $5,000–$5,800 a week | $175k–$200k | Yes |
Internship figures are annualized where the firm posts them that way. A figure marked “package” is the firm’s estimated annual compensation package, not base pay. Every other figure is base pay, and bonuses, sign-on payments and housing come on top.
Jane Street is a proprietary trading firm and one of the largest market makers in ETFs, options and bonds. It hires three core tracks — quantitative trader, quantitative researcher and software engineer — and posts the same $300,000 base on all three, for new graduates and experienced hires alike. Most of its code is written in OCaml, and its interviews lean on probability, betting games and reasoning out loud rather than finance knowledge.
Salary band, hiring status & score breakdown — see the full Jane Street Quant page →
Hudson River Trading is an automated trading firm that folds quant research and trading into one role, the Algorithm Developer, alongside a large software engineering org working in C++ and Python. Both 2027 graduate listings — Algorithm Developer and Software Engineer — post a $300,000 US base, and the interview process is coding-heavy for both tracks.
Salary band, hiring status & score breakdown — see the full Hudson River Trading Quant page →
Citadel is a multi-strategy hedge fund headquartered in Miami, with its largest quant hiring in New York. It is a separate firm from Citadel Securities, the market maker, though the two interview campus candidates together: their interview pages say you talk with “two firms at once”. Campus hiring runs through four listings — Quantitative Research Analyst, Quantitative Trader in Equity Quantitative Research, Software Engineer and PhD-level researcher roles — and every one posts the same range. Its Global Quantitative Strategies business posts experienced researcher bands of $300,000–$350,000.
Salary band, hiring status & score breakdown — see the full Citadel Quant page →
Citadel Securities is a market maker in equities, options and fixed income, headquartered in Miami with most quant roles in New York. It shares a founder with Citadel, the hedge fund, and is a separate firm with its own listings, though the two interview campus candidates together. It hires quantitative traders, quantitative researchers and software engineers. Its trader internship is “a single application for our summer trading and quantitative research program”, and its experienced listings post up to $350,000.
Salary band, hiring status & score breakdown — see the full Citadel Securities Quant page →
The D. E. Shaw group is a New York investment and technology firm, and one of the first to trade systematically. Its quant hiring runs through two generalist listings, Quantitative Analyst and Software Developer, which take candidates at every level from new graduate up, plus a Proprietary Trading internship. The postings state the bonus is guaranteed in the first year.
Salary band, hiring status & score breakdown — see the full D. E. Shaw Quant page →
Two Sigma is a systematic investment manager in New York that runs on two tracks: quantitative research and software engineering. It has no quantitative trader role at any level. Its campus listings state one number rather than a range, and a single Quantitative Researcher listing covers bachelor’s through doctorate.
Salary band, hiring status & score breakdown — see the full Two Sigma Quant page →
Jump Trading is a Chicago-headquartered proprietary trading firm built around small, independent trading teams. Its campus program hires quantitative traders, quantitative researchers and software engineers through internships, plus AI research engineers for its deep-learning effort, and it sponsors work visas for full-time campus roles.
Salary band, hiring status & score breakdown — see the full Jump Trading Quant page →
Susquehanna International Group is a privately held trading firm headquartered in Bala Cynwyd, outside Philadelphia, and one of the largest options market makers. It is known for training traders from scratch with a long education program built on decision science and poker. Its 2027 master’s and PhD listings for quantitative researchers and quantitative systematic traders post a $300,000 base in New York.
Salary band, hiring status & score breakdown — see the full Susquehanna (SIG) Quant page →
IMC is a global market maker founded in Amsterdam, with its US headquarters in Chicago and a growing New York office. Traders, researchers and engineers work on the same desks, and the graduate program posts a single base figure per role. Its New York deep-learning research roles post the highest campus figure at the firm.
Salary band, hiring status & score breakdown — see the full IMC Trading Quant page →
Point72 is a multistrategy hedge fund headquartered in Stamford, Connecticut. Cubist Systematic Strategies is its computer-driven trading business, and most of the firm’s quant hiring runs through it: entry-level and experienced quant researchers and developers, summer internships, and a rotational Cubist Quant Academy for STEM graduates.
Salary band, hiring status & score breakdown — see the full Point72 / Cubist Quant page →
Optiver is a global options market maker founded in Amsterdam, with US offices in Chicago, Austin and New York. Its graduate program is best known for its assessments, including a timed mental-arithmetic test, and for a structured training period for new traders. Every US listing that posts pay shows the same $200,000 base, with a discretionary bonus on top.
Salary band, hiring status & score breakdown — see the full Optiver Quant page →
Five Rings is a proprietary trading firm in New York with a small headcount and a campus program that pays like the largest firms. It hires quantitative traders, software developers and PhD researchers, and its interview process is known for games and probability rather than finance.
Salary band, hiring status & score breakdown — see the full Five Rings Quant page →
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.
Salary band, hiring status & score breakdown — see the full DRW Quant page →
Millennium is a multi-manager hedge fund founded in 1989, with principal offices in New York and London. Campus hiring runs through its 2027 internship program, which the firm says it uses to hire its analyst class, and its Quantitative Strategies team has launched an 18 to 24 month program for early-career quants.
Salary band, hiring status & score breakdown — see the full Millennium Quant page →
Renaissance Technologies is a quantitative investment manager founded in 1982 and headquartered in East Setauket, on Long Island, with a second office in New York City. It hires research scientists with advanced degrees and programmers through its own jobs page, and runs no posted internship or campus program.
Salary band, hiring status & score breakdown — see the full Renaissance Technologies Quant page →
Tower Research Capital is a New York high-frequency trading firm organised as a set of independent trading teams on shared infrastructure. Its campus listing combines trading and research into one Quantitative Trader/Researcher role, with separate quantitative developer internships.
Salary band, hiring status & score breakdown — see the full Tower Research Capital Quant page →
Akuna Capital is an options market-making firm headquartered in Chicago. It runs junior full-time listings for traders, quantitative researchers and quantitative developers alongside internships, and it is one of the more accessible entry points on this list for candidates without a top-firm internship.
Salary band, hiring status & score breakdown — see the full Akuna Capital Quant page →
Virtu Financial is an electronic market maker and execution-services firm headquartered in New York, and the only company on this list listed on a stock exchange. Its early-career hiring runs through internships in quantitative research (PhD), software engineering and hardware, with a HackerRank test as the first step.
Salary band, hiring status & score breakdown — see the full Virtu Financial Quant page →
Common questions
Browse quant jobs
Salary & hiring by company
More job lists
Land the offer, not just the interview.
Practice real quant interview questions on probability, expected value and market making, and see how each firm’s process works before you sit it.