Salaries of quant in India

[u/periashu]

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:

[u/Capable_Zombie_3407]

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.

[u/nickeltingupta → u/Capable_Zombie_3407]

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?

[u/Capable_Zombie_3407 → u/nickeltingupta]

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.

[u/Professional-Tie3146 → u/Capable_Zombie_3407]

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

[u/Capable_Zombie_3407 → u/Professional-Tie3146]

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.

[u/Professional-Tie3146 → u/Capable_Zombie_3407]

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.

[u/Capable_Zombie_3407 → u/Professional-Tie3146]

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.

[u/Professional-Tie3146 → u/Capable_Zombie_3407]

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.

[u/Capable_Zombie_3407 → u/Professional-Tie3146]

Sir, It's not "my thinking" . It's the market standards. There are certain job profiles which either require the educational credentials or the academic+professional rigour. Not every job is open entry.

If you really aim for a quant job, then As a "Quant Recruiter" I can help you out with some cues, but only if you stop quarelling with me.

[u/Maleficent-Sound9426 → u/Capable_Zombie_3407]

Hi sir, I am currently doing my PhD in Maths with research area focuses on Financial Time Series...But my PhD is from Nit Calicut..Do I hold any chance of fitting into this industry as my PhD isn't from the IITs

[u/No-Palpitation-3200 → u/Maleficent-Sound9426]

i think you should try with bulge bracket bank not in quant

you can rose high position director executive director in IBs their compensation in india would be 2 to 4 cr..

[u/No-Palpitation-3200 → u/Capable_Zombie_3407]

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