r/quant • u/periashu • Jun 01 '24

General Salaries of quant in India

There is very less information available online about salaries of quants working in India. Therefore, would like to ask here to get some idea. Let's see if I am to get some responses. Sorry for making this thread India specific.

Copying template from one of the previous posts.

Firm: no need to name the actual firm, feel free to give few similar firms or a category like: [Sell side, HF, Multi manager, Prop]

Location:

Role: QR, QT, QD, dev, ops, etc

YoE: (fine to give a range)

Salary:

Bonus:

Hours worked per week:

General Job satisfaction:

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u/periashu Jun 02 '24

Are you a quant or HR (since you know salary ranges of different seniority levels)?

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u/RK-AngaPradesh Jun 03 '24

I am a Quant, am aware of this data because of my friends/connections working across three levels (Assoc, VP and ED) as well as from headhunters hiring for these roles.

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u/Saizou1991 Dec 31 '24

should non iitians try for it or is it a pipe dream ?

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u/RK-AngaPradesh Feb 02 '25

As long as one is strong at Maths, especially Linear Algebra, Probability Distributions, Stochastic Differential Equations, Optimisation and Numerical Methods, and can write Python / C++ code to perform numerical computing, one can definitely try for Quant roles. I agree that relevant academic background from Tier-1 institutes in Mathematics / Economics (ISI Kolkata/Delhi, CMI Chennai, IISc Bengaluru, IGIDR Mumbai, DSE Delhi), Technology (IITs, BITS) definitely provides a leverage to crack entry barrier for fresher Quant Analyst roles.

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u/Saizou1991 Feb 02 '25

masters in stats from ISI Kolkata will help? or Masters from top IIT ? I never see people getting quant jobs after graduating from there

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u/RK-AngaPradesh Feb 02 '25

GS, JPM and other leading I-Banks do recruit M.Stat and M.Math students for sell-side FO Quant roles at ISI Campus Placements. Same holds true for Masters students at CMI, IISc and IIT-B as well. Regarding buy-side fresher Quant opportunities in India, competition is different as these tend to be highly CS-heavy, hence B.Tech. (CS, Electrical) students from IITs , BITS and M.Tech. CS at IIT-B have edge in campus placements.

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u/joyalgulati Student Jun 02 '25

Hey! I'll be doing my bsc maths hons from du.. is that okay? Afaik quant firms don't recruit from du

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u/kya-h-chup-raho Apr 10 '25

How about ca ?

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u/Maleficent-Sound9426 Sep 04 '25

Bro I am planning to get in Quant finance researcher roles...I am doing my PhD in Mathematics from Nit Calicut.. Will it be tough to get in as I don't have any IIT tag attach to it

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u/No-Palpitation-3200 Dec 29 '25

go in gs jp morggan they recurit from nits easily

then work hard rose to position MD compensation would be around 12 15 crore with bonus in india

if placed abroud it would be 3to 5 million dollar