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.
The recent increase in salary has placed them in competition to packages of firms outside of India, which to be honest is mind-boggling given the cost in India is nothing and hence the savings are huge for the employee.
Salary in Graviton Research LLC
CTC / Salary in Graviton Research LLC is 1,20,00,000 INR or 1.2 Crores INR. The salary is for the Quant Researcher/ Trader role. This is for employees working in their Gurgaon Office.
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).
The salary is broken up into multiple components.
- Base Salary – INR 50,00,000
- Sign On Bonus – INR 4,00,000
- Min Guaranteed Bonus First Year – INR 30,00,000
- Bonus Range for First Year – INR 30,00,000
- Non Cash Benefits – INR 6,00,000
Yes, it’s a lot. In fact, what’s more surprising is that almost every other HFT firm has also increased its packages. I will try to add for different firms when I get time.
Other Perks and Bonus
Apart from the salary, there are other perks/bonuses that the employee gets. I will try to list most of them here.
- International Team Outing
- Team getaways
- Monthly Parties
- Team Dinners and Socials
- Uber Credits for office commute
- 10L insurance credit
- Breakfast,Lunch and Dinner in Office
- Tech Budget
- Company sponsored ultra-luxury family holiday for top performers
- Cool gadget gifts
- In house corporate concierge
- Relocation Assistance