Quant trader salary and jobs

Quant traders price, quote and manage risk in live markets. This page shows what each firm on the Quant List posts for the trading track, new graduate, intern and experienced, and which have trading listings open. The top of the market is a $300,000 base, posted by Jane Street, Hudson River Trading, Susquehanna (SIG) and Five Rings.

15 of 18 ranked programs match · Last verified November 11, 2026 · See the full Quant List →

Posted quant trader 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 Trader	$300k	$300k annualized	$300k	Yes
Hudson River Trading	Algorithm Developer (Quant Research & Trading)	$300k	$5,800 a week	$200k–$300k	Yes
Citadel	Quantitative Trader: Equity Quantitative Research	$235k–$300k	$4,500–$5,800 a week	Not posted	Yes
Citadel Securities	Quantitative Trader	$235k–$300k	$4,500–$5,800 a week	$175k–$350k	Yes
D. E. Shaw	Proprietary Trading	Not posted	$25k a month	$275k–$300k	Yes
Jump Trading	Campus Quantitative Trader	Not posted	$300k annualized	$200k–$300k	Yes
Susquehanna (SIG)	Quantitative Systematic Trader	$300k (New York)	$8,600 a week	Not posted	Yes
IMC Trading	Quantitative Trader	Not posted	$250k annualized	$175k–$250k	Yes
Point72 / Cubist	Trader/Quant Analyst	Not posted	Not posted	$150k	Yes
Optiver	Quantitative Trader	Not posted	Not posted	$200k	Yes
Five Rings	Quantitative Trader	$300k	$300k annualized	Not posted	Yes
DRW	Quantitative Trading Analyst	Not posted	$250k annualized	$150k–$300k	Yes
Tower Research Capital	Quantitative Trader/Researcher	$150k–$250k	$3,500–$5,700 a week	$120k–$200k	Yes
Akuna Capital	Junior Trader	From $145k	One-week Sneak Peek Weeks, pay not posted	From $145k	Yes
Virtu Financial	Trader	Not posted	Not posted	Not posted	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.

Base salary

$300k

Locations

New York

Work setup

In office in New York; none of the trading, research or engineering listings is remote

Who they hire

Undergraduates through PhDs from any quantitative field; the listings ask for no finance background. Summer internships and new-grad roles run in all three tracks.

Applications

New-grad and summer 2027 internship listings are live for all three tracks; the current Quantitative Trader listing was posted July 6, 2026

Worth knowing: Interns are posted at the same $300,000 annualized base as full-time hires, and experienced traders, researchers and engineers are posted at the same $300,000 as new graduates: the base is flat and the bonus does the differentiating.

Open: new-grad and summer 2027 internship listings for Quantitative Trader, Quantitative Researcher and Software Engineer in New York, plus experienced listings in all three tracks, as of Nov 11, 2026

Prep with Aced View open roles

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.

Base salary

$300k

Locations

New York · Chicago · Austin

Work setup

In office; the US graduate listings name New York, with software roles also in Chicago and Austin

Who they hire

Bachelor’s through PhD in computer science, math, physics or a similar field. The Algorithm Developer listings ask for programming and statistics; the listings say knowledge of trading or financial markets is not required.

Applications

2027 graduate and summer 2027 internship listings were posted July 13, 2026 and are still live

Worth knowing: HRT has no separate trader title. The Algorithm Developer role covers research and trading, so a candidate who would apply to “quant trader” and “quant researcher” elsewhere applies to one listing here.

Open: Algorithm Developer and Software Engineer listings for 2027 graduates, summer 2027 internships for both tracks, and more than 30 experienced engineering reqs in the US, as of Nov 11, 2026

Prep with Aced View open roles

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.

Base salary

$235k–$300k

Locations

New York · Miami · Greenwich

Work setup

In office; campus listings name New York, Miami, Greenwich and Houston

Who they hire

Undergraduate through PhD and postdoc, in separate university-graduate and PhD-graduate listings.

Applications

University-graduate and internship listings are live for research, trading and software; the internship postings describe a June-to-August program without naming the year

Worth knowing: Citadel’s experienced Global Quantitative Strategies researcher listings post $300,000–$350,000, the only experienced band on this list that starts where the top new-grad figures end.

Open: university-graduate listings for Quantitative Research Analyst, Quantitative Trader (Equity Quantitative Research) and Software Engineer, PhD-graduate researcher and research-engineer listings, internships in all three tracks, and experienced research and engineering reqs, as of Nov 11, 2026. No experienced quantitative trader listing is live in the US

Prep with Aced View open roles

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.

Base salary

$235k–$300k

Locations

New York · Miami

Work setup

In office in New York or Miami

Who they hire

Undergraduates for trading and software engineering. The trader internship is titled Trading and Research, asks for a bachelor’s degree and covers the summer quantitative research program; the separate Quantitative Researcher listings are for PhDs.

Applications

The bachelor’s and master’s Quantitative Research Analyst graduate and internship listings came down on Aug 11, 2026; trader, software and PhD research listings are still live

Worth knowing: Citadel Securities’ undergraduate research listing closed on Aug 11, 2026, about a month after most firms opened theirs. It is the clearest example on this list of how early the cycle ends.

Open: university-graduate listings for Quantitative Trader and Software Engineer, PhD-graduate researcher and research-engineer listings, internships for traders, engineers and PhD researchers, and experienced trading, research and engineering reqs, as of Nov 11, 2026. The undergraduate Quantitative Research Analyst listings closed in August

Prep with Aced View open roles

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.

Base salary

$275k–$300k

Locations

New York

Work setup

In office in New York

Who they hire

Undergraduate through PhD in math, statistics, physics, engineering, computer science and similar fields. The listings welcome candidates at all experience levels and do not require finance.

Applications

Summer 2027 internships for Quantitative Analyst, Software Developer (each with a PhD track) and Proprietary Trading are live

Worth knowing: The intern package is itemised on the posting: $25,000 a month, a $25,000 sign-on bonus, housing or a $10,000 allowance, a $3,300 stipend for self-study materials and a $4,000 personal-technology stipend.

Open: the standing Quantitative Analyst and Software Developer listings, a Machine Learning Researcher listing at $275,000–$350,000, and five summer 2027 internships in New York, as of Nov 11, 2026

Prep with Aced View open roles

Salary band, hiring status & score breakdown — see the full D. E. Shaw 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.

Base salary

$200k–$300k

Locations

Chicago · New York

Work setup

In office in Chicago or New York

Who they hire

Undergraduate through PhD and postdoc. The internship listings say no finance or economics background is required, and international students are encouraged to apply.

Applications

Campus internship listings for summer 2027 were posted July 8, 2026; the full-time PhD researcher listing followed on Sept 22, 2026

Worth knowing: Jump’s only campus trading listing is the internship. There is no standalone new-grad Quantitative Trader req, so the summer is the way in.

Open: summer 2027 internships for Quantitative Trader, Quantitative Researcher (UG/MS and PhD) and Software Engineer, full-time campus listings for PhD researchers, AI research engineers and systems engineers, and experienced software and research reqs, as of Nov 11, 2026. No full-time campus Quantitative Trader listing is live

Prep with Aced View open 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.

Base salary

$300k

Locations

Philadelphia area · New York

Work setup

In office at the Bala Cynwyd headquarters or in New York

Who they hire

Undergraduate through PhD. Research and systematic-trading roles are split into master’s and PhD listings; the trading track has historically hired undergraduates into an assistant-trader program.

Applications

Master’s and PhD listings for 2027 and their summer 2027 internships are live; the US undergraduate Quantitative Trader graduate and internship listings for 2027 are no longer on the board

Worth knowing: SIG posts pay only where the law requires it. The same 2027 role appears twice on its board: at $300,000 in New York and with no figure in Bala Cynwyd.

Open in the US: Quantitative Researcher and Quantitative Systematic Trader listings for 2027 master’s and PhD graduates, their summer 2027 internships, and new-grad Quantitative Strategy Developer and Trading System Engineer listings in Bala Cynwyd, as of Nov 11, 2026. The undergraduate Quantitative Trader listings currently live are for Dublin and London only

Prep with Aced View open roles

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.

Base salary

$200k–$300k

Locations

Chicago · New York

Work setup

In office in Chicago or New York

Who they hire

Bachelor’s through PhD. Graduate researcher listings are split by degree (BS/MS and PhD). The software internship listing states that immigration sponsorship is not offered for that role.

Applications

Graduate and summer 2027 internship listings were posted July 1, 2026; the Early Career software listing followed on Sept 30, 2026

Worth knowing: IMC is one of the few firms that posts a single number rather than a range on campus roles: $250,000 for a graduate researcher, $200,000 for a graduate engineer.

Open: graduate Quantitative Researcher and Deep Learning Researcher listings, Software Engineer, Early Career, summer 2027 internships in trading, research and software, and 21 experienced engineering reqs in the US, as of Nov 11, 2026. No graduate Quantitative Trader listing is live; the trading internship is

Prep with Aced View open roles

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.

Base salary

$150k–$300k

Locations

New York · Chicago

Work setup

New York, Chicago, Stamford and Seattle; the listings do not say whether roles are hybrid

Who they hire

Entry-level researcher listings take bachelor’s through PhD; most research internships ask for master’s or PhD students, and Cubist’s KEPL internship for PhD candidates. Developer internships take undergraduates.

Applications

Summer 2027 research and developer internship listings are live, several updated in the first two weeks of November 2026

Worth knowing: Cubist’s PhD research internship for summer 2027 posts an annual base of $240,000–$300,000, and its own page counts more than 600 Cubist staff as of July 2026.

Open: Entry-Level Quantitative Researcher and early-career Quantitative Developer listings at Cubist, summer 2027 research, machine learning and developer internships, and experienced research and developer reqs, as of Nov 12, 2026. No US trader internship is posted

Prep with Aced View open roles

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.

Base salary

$200k

Locations

Chicago · Austin · New York

Work setup

In office in Chicago, Austin or New York

Who they hire

Bachelor’s through PhD. The graduate researcher listing is PhD-only; trading and software graduate listings open on their own schedule and are not on the board now.

Applications

Graduate researcher and FPGA listings for a 2027 start were posted in July 2026; the New York researcher listing on Sept 23, 2026

Worth knowing: Optiver’s posted US base is identical for a PhD graduate researcher and an experienced systematic options trader: $200,000. The spread between people is entirely in the bonus.

Open: Graduate Quantitative Researcher, PhD (2027 Start) in Chicago, New York and Austin, Graduate FPGA Engineer, and experienced trading, research and software reqs, as of Nov 11, 2026. No graduate or intern Quantitative Trader or Software Engineer listing is live in the US; the only internship posted is FPGA Engineer

Prep with Aced View open roles

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.

Base salary

$300k

Locations

New York

Work setup

In office in New York

Who they hire

Undergraduate through PhD. Trading listings ask for no finance background; the developer listing asks for Python and prefers C or C++ and Linux.

Applications

Campus full-time and summer 2027 internship listings were posted July 14, 2026 and are still live

Worth knowing: With 19 postings in total, Five Rings is the smallest firm on this list to post a $300,000 campus base.

Open: Campus Full Time 2027 listings for Quantitative Trader and Software Developer, summer 2027 internships for Quantitative Trader, Software Developer and Quantitative Researcher (PhD), and an experienced Quantitative Researcher req, as of Nov 11, 2026

Prep with Aced View open roles

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.

Base salary

$225k–$300k

Locations

Chicago · New York

Work setup

In office, mostly in Chicago, with research roles also in New York

Who they hire

Bachelor’s through PhD in math, statistics, physics, engineering or computer science. Desk-specific researcher reqs ask for experience; the July campus-cycle listings do not.

Applications

Campus-cycle Quantitative Researcher, Software Developer and internship listings were posted July 13, 2026

Worth knowing: DRW had a Quantitative Researcher – Prediction Markets req open on Nov 11, 2026 at $200,000–$300,000, one of several prediction-market roles that appeared across this list in 2026.

Open: Quantitative Researcher and Software Developer listings from the July 2026 campus cycle, internships in trading, research and software, nine other researcher reqs and more than 50 engineering reqs in the US, as of Nov 11, 2026

Prep with Aced View open roles

Salary band, hiring status & score breakdown — see the full DRW 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.

Base salary

$150k–$250k

Locations

New York · Chicago

Work setup

In office in New York or Chicago

Who they hire

Bachelor’s through PhD; the campus listing asks for programming in Python or C++ and statistical modelling. A separate PhD trading internship is posted.

Applications

The 2027 full-time and summer 2027 internship listings were posted July 5, 2026

Worth knowing: Tower posts intern pay as a weekly range, $3,500–$5,700, rather than the annualized figure most firms on this list use.

Open: Quantitative Trader/Researcher – 2027, summer 2027 internships for trader/researcher (including a PhD track) and quantitative developer, and experienced research and software reqs, as of Nov 11, 2026

Prep with Aced View open roles

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.

Base salary

From $145k

Locations

Chicago

Work setup

In office in Chicago

Who they hire

Bachelor’s and up. The junior listings are aimed at new graduates and candidates with a year or two of experience.

Applications

Junior full-time and summer 2027 internship listings were posted July 13, 2026

Worth knowing: Akuna is replacing its traditional trading summer internship in 2027 with “Sneak Peek Weeks”: one-week micro-internships run several times through the year, which it says will let it host more trading interns.

Open: Junior Trader, Junior Quantitative Researcher and Junior Quantitative Developer & Strategist, summer 2027 internships in quantitative research and platform engineering, expressions of interest for the 2027 Trading Sneak Peek Weeks, and experienced options trading and C++ reqs, as of Nov 11, 2026

Prep with Aced View open roles

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.

Base salary

$175k–$200k

Locations

New York · Austin

Work setup

In office in New York or Austin

Who they hire

The research track is PhD-only. Software internships take undergraduate and master’s students.

Applications

Summer 2027 internship listings were posted between July 21 and July 29, 2026

Worth knowing: Virtu’s research listing says the first step is an online programming test sent by HackerRank, one of the few postings on this list to name its screening tool.

Open: summer 2027 internships in quantitative research (PhD), software engineering, frontend and FPGA hardware, the standing Quantitative Researcher (PhD) listing, and prediction-market and weekend trader reqs in Austin, as of Nov 11, 2026. No new-grad trader listing is live

Prep with Aced View open roles

Salary band, hiring status & score breakdown — see the full Virtu Financial Quant page →

Common questions

Posted new-grad base for the trading track: Jane Street $300k, Hudson River Trading $300k, Citadel $235k–$300k, Citadel Securities $235k–$300k, Susquehanna (SIG) $300k (New York), Five Rings $300k, Tower Research Capital $150k–$250k and Akuna Capital From $145k. Experienced listings run wider, for example $150,000–$300,000 across DRW’s trader reqs and $200,000 flat at Optiver. All of it is base. Trading pay is bonus-heavy and firms do not post the bonus, so read these numbers as the guaranteed part.

On our last check, trading-track listings were open at Jane Street, Hudson River Trading, Citadel, Citadel Securities, D. E. Shaw, Jump Trading, Susquehanna (SIG), IMC Trading, Point72 / Cubist, Optiver, Five Rings, DRW, Tower Research Capital, Akuna Capital and Virtu Financial. Several firms hire traders only through the internship: Jump Trading and IMC had trading internships posted but no full-time graduate trader listing.

Posted trading-internship pay: Jane Street $300k annualized, Hudson River Trading $5,800 a week, Citadel $4,500–$5,800 a week, Citadel Securities $4,500–$5,800 a week, D. E. Shaw $25k a month, Jump Trading $300k annualized, Susquehanna (SIG) $8,600 a week, IMC Trading $250k annualized, Five Rings $300k annualized, DRW $250k annualized, Tower Research Capital $3,500–$5,700 a week and Akuna Capital One-week Sneak Peek Weeks, pay not posted. On top of that, firms that itemise the package add sign-on bonuses and housing. D. E. Shaw’s trading internship, for example, lists a $10,000 sign-on and housing or a $10,000 allowance.

Increasingly, yes. Tower Research’s campus trader/researcher listing asks for strong programming in Python or C++, Susquehanna’s systematic-trader track is built around it, and Hudson River Trading has no non-programming trading role at all. Discretionary options-trading seats ask for less, but mental math, probability and fast decision-making are tested everywhere.

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