Quant Pay Survey

[fina]

How has the Quant Pay Survey been progressing? Last results were up early june, has there been a good number of new responses to allow for posting of more results?

 

[Oblomov]

I hope he didn't do a runner with the results, it's been a few months. I could really use this info right now.

 

[Lyosha]

Well, send DominiConnor a private message and ask

 

[D C]

fina Oblomov :: could you guys please post outcome here when you find out?

 

[fina]

Here are results from a few months ago: http://www.wilmott.com/messageview.cfm?catid=16&threadid=84566
But those are only for quants, not quant devels. Quant devels in the USA can be found here: http://www.wilmott.com/messageview.cfm?catid=16&threadid=84603
But those are also old and Im more interested in how the numbers look in the EU.

Would anyone know the range for entry level quant devels in the UK, base+bonus?

 

[DominiConnor]

Entry level pay is surprisingly hard to extract accurately because of the effect of partial years, and we don't analyse at the granularity of the EU since the variance is so great as to cause it to be meaningless.
For London Year 1 Quant Developer Pay is in £K

Base Bonus Benefits
High 80,2,4
Low 22, 1,
Mean 33,2,1

 

[fina]

Thanks for that breakdown!
Only a 2k bonus, more symbolic than an actual bonus, I assume a way to avoid the new high bonus tax.
Total comp seems a good deal lower than NYC and the low range looks low for any devel.
I thought London was just as expensive in terms of living costs, any reason for the lower mean comp, does it rise sharply later?

 

[bubblegum]

33k for a year 1 London quant dev ?!?

In London you would get that being a monkey in Back Office at an IB in year 1! that's madness!