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 Edge focus partners
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 Quantitative Researcher in Edge focus partners is 1,00,00,000 INR (assuming you get max bonus). This is for employees working from remote/work from home.
The salary is broken up into multiple components.
- Base Salary – INR 50,00,000
- Bonus First Year – INR 50,00,000
This is the most simple break down of CTC I have written about so far and even better thing is this position is completely remote. so you can even stay with your family if you like. this is a Chicago based firm so you will get to work with very diverse set of individuals. and firm is new so you might be the one laying founding blocks for the future success itself.
One more thing about this JAF stands out is the simplicity of it. you won’t be dragged into politics of big hierarchical firms. which is very valuable in the long term.
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.
- Company sponsored workstation
- No set work hours and location
- Annual team vacation abroad