Shit, remove that edit. I'll certainly send this goober a check for $100 for the chuckle of him having to act as trustee for all of those who now "care" abut him.
Bakarax, name and address please. Email's in profile.
bonus in quant research ?
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Skillionaire
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
bonus in quant research ?
"First God, then man, horse, dog. Then women. Then rat."
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Skillionaire
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
bonus in quant research ?
Geez, sorry. Was no offense intended; actually thought it was kind of nice of me. Anyways, that $100 will now go towards finding a cure for autism.
"First God, then man, horse, dog. Then women. Then rat."
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aaron
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
bonus in quant research ?
That's not enough information. It depends on your level (college, masters, PhD), firm, area, performance and other things.
I assume you were given some level of expectation when you started, if not, you should have asked. I suspect you will get something less than that, unless you're really good or really lucky. At a wild guess, if you got $70,000 out of college, you could hope for $30,000 and should say "thank you" for anything above $15,000. If you got $140,000 with a PhD, you could hope for $100,000 and should say "thank you" for anything over $60,000.
It's looking to be a bad bonus year, no one is likely to be reaching to keep you from going elsewhere, even if you're good. If you're not good, or if your area is particularly hard-hit, it can be zero (you might not even collect all the salary you expected).
Also, if you started in the summer, even in a good year, firms will put most of their resources in keeping the people they want with 18 months experience instead of 6. There's more basis on which to judge performance, and these people are at the most risk. Also, at that time they can be offered more exciting jobs, along with raises and bonuses, and possibly talk of promotion.
Anyone who jumps ship in less than a year is probably good riddance.
I assume you were given some level of expectation when you started, if not, you should have asked. I suspect you will get something less than that, unless you're really good or really lucky. At a wild guess, if you got $70,000 out of college, you could hope for $30,000 and should say "thank you" for anything above $15,000. If you got $140,000 with a PhD, you could hope for $100,000 and should say "thank you" for anything over $60,000.
It's looking to be a bad bonus year, no one is likely to be reaching to keep you from going elsewhere, even if you're good. If you're not good, or if your area is particularly hard-hit, it can be zero (you might not even collect all the salary you expected).
Also, if you started in the summer, even in a good year, firms will put most of their resources in keeping the people they want with 18 months experience instead of 6. There's more basis on which to judge performance, and these people are at the most risk. Also, at that time they can be offered more exciting jobs, along with raises and bonuses, and possibly talk of promotion.
Anyone who jumps ship in less than a year is probably good riddance.
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Wannabe
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
bonus in quant research ?
Today CNBC had a piece on this year's bonuses in the bulge bracket firms. The numbers thrown around were
$1M for a Fixed Income MD (down by a large amount)
$5M for Energy/Commodoties MD (up by a large amount)
$500-600K for a Credit Derivatives VP
$400-$500K for an Equity Derivatives VP
$200-$250K for an IB 1st year Associate
What I wanted to understand was which parts of the big firms do such bonuses get paid out? Are they talking about folks at the trading desk who are responsible for running the books?
Do Quants or quant developers get a similar range?
$1M for a Fixed Income MD (down by a large amount)
$5M for Energy/Commodoties MD (up by a large amount)
$500-600K for a Credit Derivatives VP
$400-$500K for an Equity Derivatives VP
$200-$250K for an IB 1st year Associate
What I wanted to understand was which parts of the big firms do such bonuses get paid out? Are they talking about folks at the trading desk who are responsible for running the books?
Do Quants or quant developers get a similar range?