Algorithm Developers at Hudson River Trading

Question

Can an algorithm developer at a high frequency trading shop make 5.3 million? Can anyone validate that this number is true? Walk me through how this would be possible. Please see attached screenshot.

Replica · Accepted Answer

I'm not able to validate this sort of salary for algo dev specifically but it's a $5m bonus and hedge funds and hft's definitely give those sorts of bonuses to traders as an incentive if they make the company x amount of money so it's safe to assume that's how it works for a high performing algo dev (quant finance).
You can look up quant finance dev salaries if you want to further research those salaries.

19g617l4y7k006 · Answer

Hello, I work at one of the top broker and having some colleagues getting &gt;1M Bonus. But those colleagues are probably around 5%. The closer you are in the p&l the more chances are having a bonus. For example, I get daily an excel file where can see my latest day P&L which depends on the commision got by the clients. There's no limit of how much bonus can get. Of course, there's always a chance you lose your main client and your P&L will drop dramatically....Summary, it's possible for top performers with a big variance. By the way I'm based in Europe so numbers would be even higher in New York where you have the best Hedge Funds.

undertone · Answer

Yes very possible actually. The bonus has a lot of variance from individual to individual but the high end can go into double digit millions

Algorithm Developers at Hudson River Trading

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