Tower Research is the top HFT firm in India. It has been coming to various IITs for placements as well as internships in the last few years. The salary it provides to its employees is comparable to the top HFT firms in India.
Given the position of this firm is among the top HFTs in India, it’s time to know about their salary structures for various profiles.
I am an IITian who has completed his BTech in computer science and engineering from IIT Bombay. Hence I would like to share the information that would help many aspirants who are looking forward to joining HFT after their college or are switching from software firms.
Apart from the salary, I will also be adding various perks that these companies provide to their employees. These are based on the data that is available from the placement seasons of 2020 and 2021. At last, I have compared salaries with other top HFT firms in India.
Salary of a Quant Trader in Tower Research Capital
The overall CTC for a Quant Trader in Tower Research Capital is 57 lakhs. This is broken up into three components.
- Base – 35 Lakhs
- Bonus – 20 Lakhs
- Joining Bonus – 2 Lakhs
Salary of an Intern in Tower Research Capital
The salary for an internship in Tower Research Capital in the top IITs is 2 lakhs/month which matches the salary provided by the best HFT firms in India. In addition, interns also get free food coupons which themselves are worth half the salary.
Other perks include free food in the office, food coupons, reimbursement for travelling expenses.
They have a presence globally as they are international companies. They are located in Gurgaon in India.
Number of Employees
The number of employees in Tower Research Capital is around 200. It also has many employees in their offices across the world. The numbers I have provided are just for India.
Comparison with other HFT Firms
Tower Research Capital has a good overall salary structure and amount and compares well with the other firms. I have written separate posts describing the salaries of other top HFT firms. To know about the salary of other HFT firms, click on their name.