Quant salary, in posted numbers
Most quant salary figures online are self-reported. These are not: every number here was read from a firm’s own listing. Jane Street, Hudson River Trading, Susquehanna (SIG) and Five Rings post a flat $300,000 base for new graduates. Citadel and Citadel Securities post $235,000–$300,000, D. E. Shaw $275,000, Point72’s Cubist $150,000–$300,000 depending on track, Millennium $160,000–$250,000, and the rest of the list runs down to Akuna’s $145,000 floor. Experienced bands rarely go far above the new-grad figure, because at these firms the base is flat and the bonus carries the difference.
18 programs tracked · Last verified November 11, 2026 · See the full Quant List →
New-grad base by track
What each firm posts for a new graduate in each of the three quant tracks. Most firms pay their tracks the same base; the gaps are between firms, not between roles.
| Firm | Quant trader | Quant researcher | Quant developer |
|---|---|---|---|
| Jane Street | $300k | $300k | $300k |
| Hudson River Trading | $300k | $300k | $300k |
| Citadel | $235k–$300k | $235k–$300k | $235k–$300k |
| Citadel Securities | $235k–$300k | $235k–$300k | $235k–$300k |
| D. E. Shaw | Not posted | $275k ($300k PhD) | $275k |
| Two Sigma | No such role | $300k | $225k |
| Jump Trading | Not posted | $200k–$250k (PhD) | $200k–$250k |
| Susquehanna (SIG) | $300k (New York) | $300k (New York) | Not posted |
| IMC Trading | Not posted | $250k | $200k |
| Point72 / Cubist | Not posted | $150k–$200k | $200k–$300k |
| Optiver | Not posted | $200k | Not posted |
| Five Rings | $300k | Not posted | $300k |
| DRW | Not posted | $250k–$300k | $225k |
| Millennium | No such role | $160k–$250k | Not posted |
| Renaissance Technologies | No such role | Not posted | Not posted |
| Tower Research Capital | $150k–$250k | $150k–$250k | Not posted |
| Akuna Capital | From $145k | From $145k | From $145k |
| Virtu Financial | Not posted | Not posted | Not posted |
Base only. “Not posted” means no live new-grad listing with a figure for that track; “No such role” means the firm does not hire that title.
Every posted base band
Ordered by ranking. Click through to any company for the full band, sourcing, and hiring status.
| # | Company | Base salary (posted) |
|---|---|---|
| 1 | Jane Street | $300k |
| 2 | Hudson River Trading | $300k |
| 3 | Citadel | $235k–$300k |
| 4 | Citadel Securities | $235k–$300k |
| 5 | D. E. Shaw | $275k–$300k |
| 6 | Two Sigma | $225k–$300k |
| 7 | Jump Trading | $200k–$300k |
| 8 | Susquehanna (SIG) | $300k |
| 9 | IMC Trading | $200k–$300k |
| 10 | Point72 / Cubist | $150k–$300k |
| 11 | Optiver | $200k |
| 12 | Five Rings | $300k |
| 13 | DRW | $225k–$300k |
| 14 | Millennium | $160k–$250k |
| 15 | Renaissance Technologies | $129k–$224k |
| 16 | Tower Research Capital | $150k–$250k |
| 17 | Akuna Capital | From $145k |
| 18 | Virtu Financial | $175k–$200k |
Posted base bands, compared
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