This post lists down the breakup of the overall CTC that is being offered to graduates from the top 3 IITs after their BTech for Quantitative Researcher/ Trader Role.
The salary has been hiked by a significant amount this year and the reason for that is very interesting and I will cover it in another post. That post will list down the reason why the HFTs or High Frequency Trading firms are offering huge CTCs this year. This is on top of them already being among the top in terms of the CTC they provide in India.
Salary of Quant Trader in APT Portfolio
The salary mentioned below is in accordance with the JAFs in IIT Bombay (or the Job Application Form) and JNF in IIT Delhi (Job Notification Form) for the year 2021. The freshers joining in 2022 will be getting this salary as well the salary will be hiked for the current employees accordingly and will be higher than the freshers (since they have greater job experience).
CTC for Quant Researcher/ Trader in APT Portfolio is 64,00,000 INR or 64 Lakhs INR. This is for employees working in their Delhi Office.
The salary is broken up into multiple components.
- Base Salary – INR 35,00,000
- Sign On Bonus – INR 1,00,000
- Bonus First Year – INR 25,00,000
- Non Cash Benefits – INR 3,00,000
Yes, it’s a lot if we compare it to their previous year’s CTC. It’s almost a 50% increase which is huge. Despite this package, they are placed among the bottom few companies according to the CTC they offer among other HFTs. Soon enough they might have to increase it to match other top firms or else the employees might try to change firms given some other firms have been poaching a lot in the last year. Firms like Tower, Qaudeye, and Graviton are poaching employees of other firms by offering them salaries in the range of 1 Cr+ for an experience of 1 year.
Other Perks and Bonus
Apart from the salary, there is other perks/bonus that the employee gets. I will try to list most of them here.
- 4 weeks of paid vacations plus holidays
- Meal Vouchers and Coupons
- Health and Wellness benefits
- Medical Insurance
- Work from home for a maximum of 12 days