How much money do quant developers make?
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- Опубликовано: 27 авг 2021
- In this video I go over how much money quantitative developers (quant devs) make at every level of seniority (intern, junior, mid-level, and senior).
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how much money do quantitative developers (quant devs, quant software engineer) make? What about bonus, signing bonus, etc? quantitative trading salary compensation expectations. quant remuneration. 
Наука
Are you on the road to becoming a Quant Dev?
Python
Python
@@mukamasteven9658 hi
@@gundamvishnu6164 hi there
Not sure to become a developer but very high interest in quantitative trading. Applied for cs undergrad. Thanks for giving us a look into the quantitative/ hft trading field.
Wow, I really appreciate the video on the compensation of a quantitative developer, and if anything this made me even more eager and motivated to stay on my journey. Keep posting the great videos and content. You’re someone we look up to for many of us. Thank you🙏🏽
Been waiting for this video! Thank you my Lord 🙏🏾.
Love your channel. Would be great if we could have some discussions about network elements and ultra-low latency hardware. Let’s nerd out!
Your thumbnail game's getting stronger
I appreciate your channel. Thanks for creating the material. I stumbled upon your channel and to be frank I've considered a career change from healthcare to what your doing. It's helpful to have you talk about it all.
This was really informative and got to straight to the point. Question - outside of ability to code what other skills are companies looking for when hiring intern or junior quant devs?
This is all very interesting, what are your thoughts on places such as Renaissance technologies and the types of quant devs found there? Would love to hear your thoughts! From a fan in Sydney au :) keep up the great work 👍
Hi Coding Jesus, really love your no-bs content. I currently work at a boutique equity/fixed income brokerage as a trade support analyst (essentially on the desk with the traders allocating and doing all the bs after execution), however the role is so boring and robotic. Really want to pick up a coding language and pursue something where I can merge my interest in the financial markets and programming/creativity, what do you recommend I do? And what kind of roles do you think I could pivot to?
Great video as always CJ!
ever considered a video talking about some of the prominent MMs and systematic funds? there's not a ton of information online, might help prospective Quants to narrow their application focus
There’s not a ton of info for a reason. These firms are secretive and don’t appreciate being put on blast because they don’t want the Bernie Sanders of the world tweeting about how they need to be regulated and taxed more. Anyone affiliated with the industry doesn’t want to burn these bridges. They want to stay within the walled garden and quietly make big money. Historically, it’s been a word-of-mouth industry amongst really smart people at elite schools; it’s invite-only.
Thanks Coding Jesus
What C++ books do you recommend to go from zero to quant dev? There are so many C++ books
Thank you for the video ! Can you please tell us how those numbers are compared to what Quant Analysts get ? Also are Quant Devs appreciated enough in their firms ? Because compared to Software Engineers in Tech companies, Quant devs do not seem to be the heart of the business model..
Fuck. My buddy has been a quantitative developer for HFT firms for solid 20 years. I had no idea he was balling this hard. The dude doesn't spend any money.
Smart dude 🤓
100k base salary in nyc is poverty line.
Hello, How many hours do you work per week (as a quant analyst, quant dev, quant software engineer) ?
I can confirm the mid-level; albeit a little bit different title.
I was a mid-level Data Scientist at a large asset manager and made $157,500, 25k sign on bonus, with 50% year one bonus. ~250k total.
@Coding Jesus••▫️▫️ how can anyone possibly think that this will work
Is it possible for an individual to become a quant trader without being associated with an established or new firm? Can quantitative trading be pursued to generate passive income?
Where do I start? I've been day trading with TA for a few years now and in school for Finance. I actually wanted to be a trader for a fund or IB but it seems like they're all quants. I have to get started teaching myself. Where do I start?
The only thing you said that I take exception with is that someone with 20 years of experience is worth a lot more than someone with 7 years experience. Pretty much nothing you did >7 years ago has any value in this field ;). But yes, I said "worth" not what you can pull down, perhaps someone with 20 years experience can pull down more, but they aren't worth more. And years of experience is also a terrible way of assessing value, aptitude and raw talent are MUCH more important and specifically with quant trading software, its simple, what APR did your algo return in real world use and what level of risk/volatility did it require? Your value is based on that alone really, although being able to update strategies over time is also critically important, no one wants a one hit wonder and that's where years of experience matter most.
I guess I don't understand how to get into the industry. What should I go to college for? Finance/economics? Or some sort of software development degree?
I don't know how to code yet, but it seems that my dream of being an institutional trader basically doesn't exist anymore...so I'm wondering if I should even go to college for finance like originally planned.
I'm leaving the army after 13 years and trying to find my next path in life.
@condingjesus1 where can I write you at? I'm very serious about this and very committed as well
This is interesting. Im working on an app with IB for stuff I want to do. I have no finance training, but I have experience in c++ and math and high performance coding.
IB × Tradingview is a dream come true
@@CV-vk3cy ok I'll look into it. Note I'm using ib for market data, and some other platform for trading. I'm writing all the pattern stuff from scratch multi threaded C++ code.
Hey man, im a fan, can you make a review about axie infinity and why is it not a ponzi scheme... I want to hear it from a developer's perspective, thanks and more power to your channel
Dear Coding Jesus, can you please make a video about the scope of "Quants Developer" given that you currently one, so I wanted an opinion from you, and what impact does AI has on it field.
Little bit about my background is I'm a Software Engineer with 3 years of Experience working on Frontend/Backend/Mobile App was thinking about getting into this field, something about this field makes me happy making Algorithms that we test whose output is making real money or losing real money. Thank you
languges to learn as quantative developer - c#,c++,python,java,matlab,r
currently learning python
Nice video, I would love to know this please. The cot reports shows what big traders or institutions are doing in the markets we could use that to have an idea of what will happen in the market, but it is as well a delayed report
What state are these figures based in? $200k in Texas is WAY different than $200k in New York.
This kid is a millionaire take his advice wisely. He ain't any ordinary guy. He's only in his early 20s. I'm just finding out about this world. So far things are good. Thanks coding Jesus.
Lies
Highest paying job in the IT sector, well above data scientists or devops
In theory Imma just contact a temp agency and tell them I need a quasi dev and let them post the ad at minimum wage plus on my end temp staffing fees etc. , someone sees the ad and learns how to be a quasi dev and they'll take the job .
I seen it happen just not quasi dev but it could be possible to pay a dev minimum wage , no?
Im beginning to like this guy..
So i wanna know I've heard of level 2 data in trading, what's your opinion on this?
One thing I don't understand. If you developer who has developed algo that produce 20 million for the firm... Why the hell are working for someone else?! Why couldn't you just use the algo to trade for yourself?
Often times, the strategies that are created are reliant on infrastructure at the firm that cannot be replicated by a regular dude at home.
@@binarytekk Man has a point. In terms of Infrastructure... the advantage is more on HFT side and not algorithms.
I am developer and that is typical excuse that only because of infrastructure. I don't believe that. What good are high speed networks, ultra low latency networks, mission critical servers, etc if your code is garbage?
CJ content is great, and he valid points about day traders/trading gurus. But one thing I can tell is a lot of his criticism is based on jealously towards successful traders. He couldn't make it so he consistently put down others. Why does he care so much about day traders? If they make or lose money let it be.
@@sunnyg5941 exact, I know quite some people that make trading bots for themselves and are doing very well. But, this is a risk you have to take. You can work for a boss and get a paycheck every month or you do everything on your own ( capital etc ). Not everyone is willing to risk there money and time for it, but for the people that do and become successful with it, they are enjoying life.
Indian developers are probably crying watching these numbers.
Why?
I am crying blood. Mind you
My friend codes here in India and makes around USD 100k in India. Which is equivalent to making 500K ( purchasing power parity terms) in the USA. I think he has a better deal.
@@sandeeprana-yo3wm sounds interesting, is he a quant dev?
@@arjunekrishna7044 he works in the cloud security,
- Is there an age cut off when trying to break into the quant dev space? In the sense where a company wouldn't hire you as a jr quant dev because you are too old, or do you just have to be really good at programming?
- Also is there a required educational background, for example if you need a degree related to finance or computer science? Or it just doesn't matter as long as you are good enough at programming?
1. Competence requirement, no age requirement. At the same time you probably can't be a Jr Quant Dev at age 80.
2. Competence. No degree requirements.
@@CodingJesus thanks for answering Coding Jesus
A question for any one willing to answer, can self thought coder get into quant development?. Just so i know I've a chance if I don't pass out from college.
You’re looking at a video created by one.
@@CodingJesus oh yeah.... That sounds so good to my ears😂😂(that I can make it, without college). Thanks man. Btw I am trying to develop my own algorithm any advice? Do you think AI can perform well in trading or investing?
As a savant like coder who does contract work I’m really feeling kinda frustrated I built bots I could have sold for ten times the amount with ease….
Do you have to get a masters to become a developer.
Do you recommend a PhD?
Is this net or before tax?
Hey CJ, did your finance degree help in this position? Do C++ infra guys make as much as algo quant devs?
Where to apply for quant roles
What would the best degrees be, in order, for becoming a Quant Developer? 🤔
Maybe CS with a math/physics minor or the other way around.
Realistically, your main constraint won’t be your degree, it will be your raw IQ. The interview process to these shops are very rigorous and to put it simply, they’re basically different flavors of IQ tests.
If you didn’t score in the top 10% in SAT/ACT I’d just give up and look for more of a people based profession like consulting.
@@ThomasFoolery8 hey I am from India there is a bs in mathematics and scientific computing degree in the best Indian university is that enough? or do I have to pursue a master's and Ph.D.??
@@sarthakj52 it depends on the shop, but usually it is enough. Like I said, they don’t say it out loud, but most of these places are screening for people with a high raw IQ. If you can nail the interview, they know you’re smart enough to do the job well. Whatever shortcomings you may have in knowledge, your brain is strong enough to learn on the job.
Just have a good portfolio, you can get a job without a degree
Psychics
Is that comp for an average quant dev? What about quant devs at a top hedge fund/prop trading/market making firm?
High 6 low 7 figs. Year 1.
@@user-xw3fl5kl2y I've only heard that top QRs get to paid between 500k to 1mm for their first year. for QDs its closer to 300k to 500k based on my datapoints
i love u
why are you on patreon then?
put your tags on the top right, kind of hard to see against ur shirt
cant believe i posted this 2 years ago, watching this again 2 years later as a university student lol
Is remote work possible in this field
damn this is way lower than I expected... gonna just stick to regular tech
What university did you go to
On a trading firm who earns the most, the traders or the developers?
Traders
what about researchers?
Probably more.
10$
remuneration*
Hello, Sir. I'm the Corporate Communications Manager at ETHRAD. My name is Jenny. Nice to meet you. We are currently recruiting all kinds of bloggers for commercial cooperation in advertising business. All you need to do is help ETHRAD with the relevant video
Im 36 and im thinking of starting to learn coding... would you recommend it???
Sure
Funny, i am the same Age and thinking the same. But for a real carrier its to late i think.
And with 45? 😰
👍
Man I need to be a quant 🧠😂
How does one go into this field? What would be a good major for Bachelors and Masters for it?
Math or computer science
@@rishabhsetty3109 what about a very quantitive economics and statistics degree?
@@Jay-xb5du statistics yes economics is also important but math is more important u can always learn economic on the fly.
@@Tobi21089 I ended up doing Mathematics, statistics and economics.
@@Tobi21089 and for my masters I’ll do statistics applied to finance.
Can you break 7 figures as a quant dev?
Yes
I am pretty sure that the companies will PROMISE you to pay that much money, but when the bonus time comes you probably see only a small fraction of what you were promised. Especially if you are under NCA and especially if you are H1-B holder (or any other working visa, for that matter).
Nope. You get paid. This isn’t some under the table quasi-handshake back door black market agreements.
@@CodingJesus Why would you get paid? NCA and/or H1B visa status (the latter makes a foreigner an indentured servant, essentially) deprives an employee from any barganing power, and the bonus is discretionary.
Would spend any more money on someone who is disposable and replaceable? Typically, employers don't.
@@CodingJesus 😂😂😂😂
@@kantocoder5046 these companies want people to want to work there. Bonuses of $20-50k are meaningless to them compared to the millions that they pay the top people.
@@adaelasm6467 After having worked for Intel Corporation I can say: yes, there are generous and humane companies out there
I found my jesus and as a hindu it’s totally acceptable
What are the chances of transitioning into quant development at age 40?
Slim bro. Not inpossible. Would recommend learning how to program.
seems really lowball
I knew this guy in college, he now sleeps with a different women every night
My guy HighCoinviction, don't think we've forgotten about you!
That's not a good thing.
Would these numbers be similar in London UK?
The numbers are completely fictional. A junior quantitative developer in the UK can expect to make around £40k
Do you think EVERY person who claims to have a market edge and makes consistent money day trading is a fraud/liar?
you have to go to college?.....well guess that counts me out
Did I say you have to go to college in this video? I don't think I did...
Well you said “out of college”. I guess I could have googled 😂🤣
This could be less than 4 mins. Way too much filler
You really love yourself don't you?
Don't get code crucified, coding Jesus!
uuuh this gonna get more clicks
What is your iq?
oh lol ur crazy.. haha
you even look like Jesus 😭
embrace the clickbait
CAN YOU DO SOME DD ON AMC ENTERTAINMENT HOLDINGS PLEASE THANKYOU SQUEEZE