New graduate quantitative analysts, traders, and developers can expect widely varying compensation depending on firm prestige and location.
Top-Tier Quant Firms
At elite proprietary trading and hedge fund firms such as Jane Street, Citadel Securities, Hudson River Trading, and DE Shaw, new graduates typically earn $300,000–$500,000 total compensation (TC) in their first year, with some outliers reaching $600,000 or higher when including signing bonuses and performance incentives.