3/14/2023 0 Comments Best quant funds![]() ![]() The top of the band for Facebook E4 in the New York area would be around $360k ($190K base, $100K equity, 15% bonus, $75K signing) while at Two Sigma a top of band 元 offer would be around $375k ($200K base, $150K bonus target, $100K signing). Let’s compare a Facebook E4 and a Two Sigma 元 salary (note: Two Sigma isn’t the highest paying shop but does pay well and raised comp bands at the end of 2021). However, tech salaries have sky-rocketed in 2022 and the gap appears to be shrinking. Hedge funds have a reputation for paying a lot more than tech companies especially for quant researcher roles. Now, let’s compare the total comp in both industries. Because of that, it’s always a good idea to take the time to ask your recruiter questions about the expected bonus as they will be able to give you specific insights into the targets and sometimes what % of people get their target bonus. FAANG where you can map out the increase associated with each level and performance-review rating. The numbers are much less quantifiable vs. A hedge fund bonus from the second year onwards is expected to increase though the size of increase varies substantially by firm and individual. However, after year 1, your bonus at a hedge fund depends on the company and individual performance, and is generally considered to be less secure than a big tech bonus. This is not the case at FAANG companies. Performance bonuses in tech are never guaranteed although certain companies like Google are known to have a very high percentage of employees hit their target bonus. 100k for an entry-level quant researcher in their first year). ![]()
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