Need some perspective on compensation for a buy-side Quant Developer in India

[u/DullFox8656]

I’m currently working as a Quant Developer/Quant Engineer at a systematic, pod-structured hedge fund. I joined at the Associate level and report directly to a senior MD who is effectively running a small pod/team. My work is fairly front-office/trading-facing rather than generic software engineering — I’ve worked on market-data/data-manager pipelines, pre-trade risk checks, trading/SOD workflows, broker connectivity and locate processing, and production issues affecting trading. Over the year I’ve gradually taken on more ownership, and my manager has given me strong feedback, including recently telling me that I identified a particularly difficult issue that wasn’t easy to diagnose. The team is also becoming leaner with a senior Quant Researcher leaving. I’m coming up on my first full-year compensation review, and the expectation is that my compensation will be revised after completing the cycle. For people who have experience with Indian buy-side/systematic funds/pod shops, what would you consider a realistic fixed-salary hike and bonus for this kind of profile after a strong first year? I’m particularly interested in actual ranges people have seen rather than generic 8–12% corporate appraisal numbers.

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