Where's the money?

[John Marks]

Which is the top paid quant role or quant "path" to millionaire?

 

[mfegrad]

probably the one where you live within your means, save considerably, and invest wisely.

 

[Andy Nguyen]

Here is a look at the quant salary data, gather mostly by members here who have an MFE degree. Millionaire may remain a far stretch dream for most people.

 

[John Marks]

Do PhDs from scientific background ( math or physics) stand a better chance? I know that millionaire quant is difficult but can you start as a quant and get to better positions? I mean, start quant end up as manager. I got a PhD in Applied Math and an MBA from the best university in latin america. Got a job at JP Morgan Latin America and will hopefully move to NY next year

 

[MRoss]

No matter what job you land you will max out before 200k. Once you get to VP and SVP you can earn more. In a bank obviously MD make much more. So its not about the job, its about your performance and how well/often you gain promotions.

 

[Andy Nguyen]

Do PhDs from scientific background ( math or physics) stand a better chance? I know that millionaire quant is difficult but can you start as a quant and get to better positions? I mean, start quant end up as manager. I got a PhD in Applied Math and an MBA from the best university in latin america. Got a job at JP Morgan Latin America and will hopefully move to NY next year

What will you bring to the bottom line of your employer? Can you quantify your contribution to their PnL?
To be frank, there are many people with similar or better academic credentials trying to get an entry level job, or any job right now. I don't want anyone to understate the level of competition for finance jobs right now.