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It's just one position, not an average. There are other positions with the same title with higher salaries. Quantitative Research can be anything, basically jus
by flakeoil 3y ago
It's just one position, not an average. There are other positions with the same title with higher salaries. Quantitative Research can be anything, basically just an Excel inputer could be called that.
I think salary expectations on HN, in tech and in the US are a bit off. Do you really believe someone crunching numbers is worth USD 600000 per year?
- smcl 3y agoI think a lot of the comments where people casually dismiss salaries in the hundreds of thousands a year as too low are just attempts at flexing.
- d4mi3n 3y agoI view it more as an observation on compensation compared to value their labor brings to the employer’s bottom line.
- tyingq 3y agoThere's some middle ground. People's salaries charted over time compared to CEO pay, productivity numbers, purchasing power, or inflation, etc, have degraded pretty badly over time.
- spamizbad 3y agoIts Citadel, not some random company. They are infamous here in Chicago for paying people gobs of money and working you 80 hours/week. I would be highly suspect of any Citadel position under 100K.
- flakeoil 3y agoThe next Enron.
- euiq 3y agoQuantitative Research as Citadel Securities is a set of specific, highly-paid, jobs.
- 6D794163636F756 3y agoAnd often paid in either bonuses or options. I haven't gone through the website much, does it distinguish pay vs. other compensation?
- lopkeny12ko 3y ago"Quantitative research" can mean basically anything.
- govg 3y agoIn the industry, especially at a firm like citadel, it usually means a specific set of roles. It would be like "software architect" at a tech firm, the exact work might vary but by and large every software engineer is expected to have similar skills.
- freebee56 3y agoThere is a huge hype machine on the internet where people want to believe there there are crazy high salaries in other companies. Even though they don't know anyone who works there, interviewed or otherwise even bothered to look into some actual evedence. I have had interviews with citadel and know people whose have roles with that title. Total comp is slightly below what a comparable person would make at Google or Facebook. There are a few rainmakers there but those people get everything in (cash) bonus. Many are getting a base that was set 5-10 years ago.
- greatpostman 3y agoThis is false, citadel is top of market. Google doesn’t pay that well
- returningfory2 3y agoI think it's the other way around, actually. I think a lot of people, especially in Europe, have FOMO about the salaries in the United States. One of their coping mechanisms is to try to convince themselves that everyone is lying about their salaries.
- benreesman 3y agoHonestly I’m badly out of date, and all the gossip I’m hearing is that this pay isn’t prevailing anymore. But a new grad returning intern was doing 380 at FB Thor first year in cash and stock. And why not? These companies are printing 10MM per marginal hire. Why is it a crime that the people doing the 18 hour days capture a bit of it?
- zen_1 3y agoI know more than one person who made more than $500,000 as a new grad, so it's not completely unreasonable. Most of that will be RSUs/cash bonus though, so not counted as part of H1B salary data as I understand it.
- b112 3y agoDo you really believe someone crunching numbers is worth USD 600000 per year? - it depends where you live - how tight that job market is - and with inflation these days, probably 2x that. Bit of a rant, but many things I buy are 40% more than a year ago, some are 100%, yes double the price. That means aalaries should follow the same metric.