4 ms·
> What do you do? Quantitative strategy research and trading. I own all aspects of my strategies' research and development, and also fill in as architect for s
by throw20180411 8y ago
> What do you do?
Quantitative strategy research and trading. I own all aspects of my strategies' research and development, and also fill in as architect for some components that are owned by other teams.
> What is your job title?
Analyst.
> What is your total comp?
$1.5mm ($200k base) cash. Last three years have ranged from $1.25-2.5mm.
> Who do you work for?
A hedge fund.
> Where do you live?
NYC tri-state area. I go to the office two days a week.
> How long did it take you to get here?
Similar roles with less upside after college (4-5 years). Current role since 2015
> How did you get here
Superior technical skills, having developed 10 or so "unique" ideas that have been profitable over several years and zealously guarding the IP. Being intimately familiar with another 100+ (from academic/practitioner literature, information leakage) that I can layer on and tweak. And in this industry, luck always helps.
- crispyporkbites 8y agoWhere does the 1mn USD come from, and how do you keep ownership of it? e.g. why doesn't your company hold say, 700k back? as 300k is still a massive 150% bonus.
- throw20180411 8y agoIt comes from a profit-sharing agreement. Mine is roughly formulaic but not contractual (keep X% of profits). Contractual agreements can have X ranging from 10 to 50.
- tennis7331 8y agoHow would you classify your firm? Hedge fund or prop shop? Size and AUM? What percentile would you say your compensation is compared to your peers?