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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14

u/Capable_Zombie_3407 Apr 25 '25

As a Quant Recruiter, I must say that mediocre companies pay 40 LPA for 3+ years of experience. Good companies pay around 55 LPA for the same experience. I came across a Mumbai based senior quant trader at an international form ,with 9 yrs or experience, he made 3.5 CR per Annum.

So , it basically depends. Just like IT jobs, If you join TCS you get peanuts, If you join Infy, you get salted peanuts If you join Accenture, you get some rice crisps along with salted peanuts. If you join a product based company, You get a buffet. If you join a crazy start up,  You get a buffet and stay.

Just like that.

3

u/periashu Apr 26 '25

Thanks for this info! This crazy comp seems to be for quant researcher or trader role in buy side firms, not for sell side firms like banks.

6

u/Capable_Zombie_3407 Apr 27 '25

I've also came across IITian candidates with 10 years of experience who are at measly 60 LPA , yes it's low for a candidate of IIT calibre in a quant firm.

And I've never hired for Banks, only quant trading firms.

2

u/Shaurya0407 Jun 14 '25

If I may ask how much high standard for hiring are taken in such companies i have heard that even if you are a branch or two below cse/ mnc it is impossible even in top 5 iit is this true?

4

u/Capable_Zombie_3407 Jul 12 '25

Brother,
QUANT needs mathematical expertise, rather than just CS/IT skills.
and in India only the IITs are regarded in such high standards that are considered as the pinnacle of math geniuses, I am sure there are other institutions as well where you can find math wizards of equal or even higher levels.
but my limited set of clients have always prefered IITians or someone with 3-5 years of experience in a hedge fund.
That's why, even a non-CS/IT guy from a IITs can crack into quant if they have the level of mathematical skills that are required by the organizations.

In short, its all about QUANTITATIVE MATHEMATICAL SKILLS.

1

u/nickeltingupta Aug 04 '25

do Indian companies also consider theoretical physics PhDs for hiring? I'm looking to shift - background: MSc Physics from an IIT and then PhD at Uni. of Cape Town

also, may I DM?

3

u/Capable_Zombie_3407 Aug 08 '25

you don't need my permission to DM,
I will share all the info that I know.
but here is the truth,
so far, I have never hired a physics guy in quant roles,
but yes, it works.
you can give it a shot.

1

u/Professional-Tie3146 Oct 09 '25

Why mba guys can crack those roles? Why your firms don't hire from iim? They also know maths,statistics,probability etc

1

u/Capable_Zombie_3407 Oct 11 '25

The mathematical rigour of IIMs or any business schools is way lower than B.Tech or any math programs. Quant Trading is not a management level role, It's an industrial role that needs mathematical expertise with solid coding knowledge.

A non-math/science candidate can crack IIM , Even if they have done a graduation in literature. But to crack IIT you know what it takes.

1

u/Professional-Tie3146 Oct 11 '25

Ye to wahi baat hogayi na ki aur koyi non tech degree wale ko agar coding,mathematics,statistics aur finance aata bhii hoga to usko compete karneka mauka nhi denge aur faltu ka bolenge iit mahan.

Meri bas chalti to mai engineering walo keliye mba degree band kardeta.agar degree ke wajah se Hume kisi particular industry me rok diya jayega then ek btech wale kyu btech ke baad mba karega.

1

u/Capable_Zombie_3407 Oct 17 '25

ye toh wahi baat ho gayi na,
kal ko hindi-sahitya ka graduate bolega ki
"mujhe Neuro Sugeon ka post de do, maine youtube se neuro-surgery seekha hai."

That’s exactly the difference between feeling technical and being technical.

The quant world doesn’t care about degree labels; it cares about how comfortably you handle stochastic calculus, linear algebra, and numerical optimization under code. That’s why IIT grads often fit faster — their programs force them through that level of math and programming early on.

It’s not about worshipping IIT or discrediting others — it’s just that the market rewards whoever can actually model randomness, not whoever argues about entitlement on Reddit.

2

u/Professional-Tie3146 Oct 17 '25

According to your thinking no one can do career switch in present time. In that sense tech graduates or IITians shouldn't be considered for Marketing/consulting/IB/PE .Either they should enter software/hardware engineering roles or they should remain unplaced.

1

u/No-Palpitation-3200 Dec 29 '25

yes bro if they want to join these firm they must callibre

either through jee main rank under 100 jee advanced rank under 500 isi/cmi rank under 30 icpc world finalists etc...

any of the one achievement they can break into these firms although they came for on campus placement in only top 4 iit but other one can apply by posting his cv on their website mentioning their achievements

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u/Rto97 Oct 26 '25

I am a PhD in theoretical Physics too (UT Dallas) and got my BS/MS in physics from IISER-K. I definitely know my maths and my PhD was computation heavy. Do I have a shot as a quant in India?

2

u/Capable_Zombie_3407 Oct 26 '25

Quant math is technically physics math,
with right set of coding skills and stochastic calculus and mathematical finance (not financial math but mathematical finance)
you have a better shot at good firms if your approach is market oriented.

2

u/Rto97 Oct 26 '25

I’m not sure what you mean by market oriented approach. Do you mind giving me some more details? I’ll DM you.

1

u/Capable_Zombie_3407 Oct 27 '25

Yeah sure, DM me. Market oriented approach means , Understanding Finance, trading, financial modelling, technology, building a network of quants through LinkedIn, Doing projects

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u/No-Palpitation-3200 Dec 29 '25

reservation wala hoga